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ECB publishes results of December 2019 SESFOD survey on credit terms and conditions

Published on: 11 February 2020
Published by LNB News

LNB News 11/02/2020

Document Information

Issue Date: 11 February 2020

Published Date: 11 February 2020

Jurisdiction(s): United Kingdom

Article summary

The European Central Bank (ECB) has published the results of the December 2019 survey on credit terms and conditions in euro-denominated securities financing and over-the-counter (OTC) derivatives markets (SESFOD). Credit terms offered to counterparties were broadly unchanged between September and November 2019 in both the securities financing market and the OTC derivatives market. Price terms eased, whereas non-price terms tightened. The ECB says an improvement in liquidity conditions, competitive pressure and greater availability of balance sheet capacity were the main drivers underlying the easing of price terms.

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