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Correspondent Central Banking Model (CCBM)

For the use of collateral, the Eurosystem has implemented the correspondent central banking model (CCBM). The CCBM ensures that all assets eligible for use either in monetary policy operations or to obtain intraday liquidity in TARGET are available to all its counterparties – regardless of where in the euro area the assets or the counterparty are situated.

For further information, counterparties should contact their national central bank (NCB) of the Eurosystem.  

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