Contents
1.Other types of collateral to be used by a CSD-banking service provider shall consist of financial instruments that meet all of the following conditions:
(a)they are freely transferable without any legal constraint or third party claims that impair their liquidation;
(b)they are eligible at a central bank of the Union, where the CSD-banking service provider has access to regular, non-occasional credit (‘routine credit’) at that central bank;
(c)they are denominated in a currency the risk of which the CSD-banking service provider is able to manage;
(d)the CSD-banking service provider has a prearranged funding arrangement with the type of creditworthy financial institution referred to in point (e) of Article 59(4) of Regulation (EU) No 909/2014 and specified in Article 38 of this Regulation, which provides for the conversion of these instruments into cash on a same-day basis.
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