How do you select them?

B Article 25 Selection criteria 1 .

Eligibility criteria for asset backed securities

Further information on sorting criteria 1 .

Table 1 List of sorting criteria for automated fitness sorting Defect Definition

General eligibility criteria Counterparties for Eurosystem monetary policy operations must fulfil certain eligibility criteria ( 1 ) .

Eligibility criteria for tap issuances of securitisation tranches

ELIGIBLE COUNTERPARTIES General eligibility criteria Counterparties to Eurosystem monetary policy operations must fulfil certain eligibility criteria ( 6 ) .

List of sorting criteria for manual fitness checking Feature Description

ECB The implementation of monetary policy in the euro area November 2008 CHAPTER 2 ELIGIBLE COUNTERPARTIES 2.1 GENERAL ELIGIBILITY CRITERIA Counterparties for Eurosystem monetary policy operations must fulfil certain eligibility criteria .

These general eligibility criteria are uniform throughout the euro area .

As from 1 January 2007 the following eligibility criteria will apply

The eligibility criteria for bank loans will also apply to syndicated loans .

Official Journal of the European Union Eligibility criteria Marketable assets ( 1 ) Non marketable assets ( 2 )

All counterparties fulfilling general eligibility criteria may participate in these operations .

confirm and warrant compliance of credit claims submitted to an NCB with the eligibility criteria applied by the Eurosystem

Amendments to the criteria for assets eligible as collateral for Eurosystem credit operations

Clarification of the criteria for assets eligible as collateral for Eurosystem credit operations

Its basic tasks are to define and implement the monetary policy of the euro area , to hold and manage the official reserves of the participating Member States and conduct foreign exchange operations and to promote the smooth operation of payment systems in the euro area .

All counterparties fulfilling the general eligibility criteria are entitled to submit bids in standard tenders .

all counterparties fulfilling the general eligibility criteria ( as specified in Section 2.1 ) may submit bids for the longer term refinancing operations

The selection criteria shall relate to the candidate 's or tenderer 's economic , financial , technical or professional capacity .

Moreover , they have to be adaptable to enable the setting up of more or less restrictive fitness sorting standards , if applicable .

Past patients taking care of present patients.

In Chapter 6 , the eligibility criteria for underlying assets in monetary policy operations are defined .

Eligibility specifications for underlying assets The ECB establishes , maintains and publishes a list of eligible marketable assets ( 4 ) .

The ECB shall include all candidates meeting the eligibility and selection criteria in the list .

However , the tender bids of an institution may only be submitted by one establishment ( either the head office or a designated branch ) in each Member State . The Eurosystem 's monetary policy framework is formulated with a view to ensuring the par ticipation of a broad range of counterparties .

6.2 ELIGIBILITY SPECIFICATIONS FOR UNDERLYING ASSETS The ECB establishes , maintains and publishes a list of eligible marketable assets .

In Chapter 2 , eligibility criteria for counterparties taking part in Eurosystem monetary policy operations are specified .

The criteria and procedures applied for the selection of counterparties to foreign exchange intervention operations are presented in Annex 3 .

The criteria and procedures applied for the selection of counterparties to foreign exchange intervention operations are presented in Appendix 3 .'

and participate in Eurosystem open market operations that are based on standard tenders .

And in the selection of works to be promoted there must be transparent criteria for evaluating their intelligence, their professionalism and their entrepreneurial courage.

Table 4 Eligible assets for Eurosystem monetary policy operations Eligibility criteria Marketable assets ( 1 ) Non marketable assets ( 2 ) Type of asset

The selection of counterparties to Eurosystem foreign exchange intervention operations is based , primarily , on two sets of criteria .

(b) The establishment, in advance, of conditions for participation, including selection and award criteria and tendering rules, and their publication

25 May 2007 Amendment to the criteria for assets eligible as collateral for eurosystem credit operations

All counterparties ful filling the general eligibility criteria specified in Section 2.1 may participate in standard tenders .

All counterparties fulfilling the general eligibility criteria specified in Section 2.1 may participate in standard tenders .

Counterparties fulfilling the general eligibility criteria specified in Section 2.1 may participate in standard tenders . Quick tenders

Counterparties fulfilling the general eligibility criteria specified in Section 2.1 may participate in standard tenders .

The ECB shall verify the eligibility of candidates and evaluate the applications against the selection criteria set out in the contract notice .

General eligibility criteria Selection of counterparties for quick tenders and bilateral operations Sanctions in the event of non compliance with counterparty obligations Suspension or exclusion on grounds of prudence 12 12 12 13 14

Access conditions Institutions fulfilling the general counterparty eligibility criteria specified in Section 2.1 may access the marginal lending facility .