歐洲中央銀行於2011106日宣佈新的金融資產擔保債券購買計畫

歐洲中央銀行於2011106日宣佈400億歐元的金融資產擔保債券購買計畫,將於201210月底以前執行完成。依據2011.11.3宣佈的計畫細節,買入的金融資產擔保債券必須為在歐元區發行以歐元計價者,殘存年限最長為10.5年的投資等級債券。

PRESS RELEASE

6 October 2011 - ECB announces new covered bond purchase programme

The Governing Council of the European Central Bank (ECB) has today decided to launch a new covered bond purchase programme (CBPP2).

The programme will have the following modalities:

·        purchases will be for an intended amount of 40 billion;

·        purchases will have the capacity to be conducted in the primary and secondary markets and will be carried out by means of direct purchases;

·        purchases will begin in November 2011 and are expected to be completed by the end of October 2012.

Further details regarding the modalities of CBPP2 will be announced after the Governing Council’s meeting on 3 November 2011.

 

PRESS RELEASE

3 November 2011 - ECB announces details of its new covered bond purchase programme (CBPP2)

Further to its decision of 6 October 2011 to launch a new covered bond purchase programme (CBPP2), the Governing Council of the European Central Bank (ECB) decided today upon the technical modalities of the programme:

·        The purchases of euro-denominated covered bonds issued in the euro area, for an intended nominal amount of EUR 40 billion, will be distributed across the euro area and will be carried out by the Eurosystem by means of direct purchases.

·        The purchases will be conducted in both the primary and the secondary markets.

·        In order to be qualified for purchase under the programme, covered bonds must:

- be eligible for use as collateral in Eurosystem credit operations;

- comply with the criteria set out in Article 52(4) of the Directive on undertakings for collective investment in transferable securities (UCITS) or similar safeguards for non-UCITS-compliant covered bonds, as specified in Section 6.2.3 of the General Documentation;

- have an issue volume of EUR 300 million or more;

- have a minimum rating of BBB- or equivalent from at least one of the major rating agencies;

- have a maximum residual maturity of 10.5 years; and

- have underlying assets that include exposure to private and/or public entities.

·        The counterparties qualified to participate in the CBPP2 are those counterparties that are eligible for the Eurosystem’s monetary policy operations, together with any other counterparties that are used by the Eurosystem for the investment of its euro-denominated portfolios.

·        The purchases will start in the course of November 2011 and are expected to be fully implemented by the end of October 2012 at the latest.

Furthermore, the Governing Council has decided to make its CBPP2 portfolio available for lending. This decision will be implemented by the Eurosystem. Lending will be voluntary and conducted through security lending facilities offered by central securities depositories, or via matched repo transactions with eligible counterparties.