Navigation Path: Home > Monetary Policy > Collateral > Mobilise collateral > Eligible SSSs
When transferring collateral issued in a central securities depository (CSD) or international central securities depository (ICSD), counterparties make use of securities settlement systems (SSSs), which are regularly assessed against the Eurosystem user standards to determine whether they are eligible for use in the collateralisation of Eurosystem credit operations.
| Country | SSS | Procedures used for Eurosystem credit operations | Other procedures not used by the Eurosystem |
|---|---|---|---|
| Belgium | NBB-SSS | Free-of-payment (FOP) multiple-batch settlement | Delivery-versus-payment (DVP) multiple-batch settlement |
| Euroclear Bank | FOP real-time settlement | DVP real-time settlement in commercial bank money | |
| Germany | Clearstream Banking AG – CASCADE | FOP multiple-batch settlement, FOP real-time procedure | DVP settlement |
| Clearstream Banking AG – CREATION | FOP real-time settlement | DVP settlement in commercial bank money | |
| Greece | BOGS | FOP and DVP real-time settlement | DVP multiple-batch settlement |
| Spain | Iberclear (CADE) | FOP and DVP real-time settlement | – |
| Iberclear (SCLV) | Pre-depositing of securities (FOP real time) | DVP multiple-batch settlement | |
| SCL Barcelona | FOP and DVP real-time settlement | DVP single-batch settlement | |
| SCL Bilbao | Pre-depositing of securities (FOP real time) | DVP single-batch settlement | |
| SCL Valencia | Pre-depositing of securities (FOP real time) | DVP single-batch settlement | |
| France | Euroclear France | FOP real-time settlement | DVP real-time settlement |
| Italy | Monte Titoli | FOP real-time settlement | DVP multiple-batch settlement, DVP real-time settlement |
| Cyprus | CDCR | FOP settlement, pre-depositing of securities | DVP settlement in commercial bank money |
| Luxembourg | Clearstream Banking S.A. | FOP real-time settlement | DVP real-time settlement in commercial bank money |
| LuxCSD | FOP real-time settlement | DVP real-time settlement | |
| VP Lux S.à r.l. | FOP real-time settlement | DVP real-time settlement | |
| Malta | MaltaClear | FOP settlement, pre-depositing of securities | DVP settlement |
| Netherlands | Euroclear Nederland | FOP real-time settlement | DVP real-time settlement |
| Austria | OeKB | FOP real-time settlement, plus 8 batches for netting purposes | DVP real-time settlement, plus 7 batches for netting purposes |
| Portugal | Interbolsa | DVP real-time settlement (specifically for Eurosystem operations) | Intraday batch, overnight batch, RTGS (both DVP and FOP) and FOP real-time securities transfers |
| Slovenia | KDD | FOP real-time settlement | DVP real-time settlement |
| Slovakia | CDCP | FOP real-time settlement | DVP real-time settlement |
| Finland | Euroclear Finland Oy-RM System | FOP real-time settlement | DVP real-time settlement |
