Obbligazioni perpetue e subordinate Tutto quello che avreste sempre voluto sapere sulle obbligazioni perpetue... - Cap. 3

14 December 2017

New eligibility criteria for senior unsecured bank bonds were decided and are expected to come into effect in the first quarter of 2018
Currently eligible senior unsecured bank bonds that do not fulfil new eligibility criteria will remain eligible until 31 December 2018
Senior (preferred) unsecured bank bonds will remain eligible as collateral

The European Central Bank (ECB) has decided on changes to the collateral eligibility criteria applicable to unsecured debt instruments issued by credit institutions or investment firms or their closely-linked entities. These instruments are known as unsecured bank bonds (UBBs).

UBBs that are subject to statutory, contractual or structural subordination (e.g. UBBs issued by bank holding companies) will become ineligible as collateral with effect from the entry into force of the upcoming regular update of the General Documentation (expected in the first quarter of 2018).

However, UBBs issued by entities that are on the list of agencies eligible for the ECB’s Public Sector Purchase Programme and government-guaranteed bank bonds (GGBBs) will remain eligible until maturity provided that they are not subject to contractual or structural subordination and that they have been issued before 31 December 2018.

Senior (preferred) unsecured bank bonds (i.e. those not subject to subordination) will remain eligible as collateral.

In addition, UBBs issued by credit institutions or investment firms or their closely linked entities established outside the EU will become ineligible with effect from the entry into force of the updated General Documentation.

UBBs that are currently eligible as collateral but do not fulfil the new eligibility criteria will remain eligible until 31 December 2018.

Changes to collateral eligibility criteria for unsecured bank bonds
 
Bce non accetterà più bond bancari subordinati come collaterale

FRANCOFORTE, 14 dicembre (Reuters) - La Banca centrale europea ha deciso di non accettare più bond bancari subordinati, i primi a essere svalutati in caso di problemi, come collaterale.

Le obbligazioni emesse dalle agenzie internazionali qualificate per il programma di acquisto titoli della Bce o garantite dai governi resteranno utilizzabili fino a scadenza.
Bce non accetterà più bond bancari subordinati come collaterale
 
Secondo te non avrà influsso sui prossimi collocamenti ? Io ho qualche dubbio .Magari sbaglio .

Se spieghi perchè avrà influsso, ne possiamo discutere

Come dicevo sopra il fatto di non poter collateralizzare i bond sub per avere liquidi, sinceramente è l'ultimo dei problemi della banche attualmente. Tra le altre cose è una modifica graduale. Al massimo dovranno emettere dei bond senior in più pagando i relativi interessi, non mi pare un problema.

Magari mi sfugge qualcosa
 

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