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ECB survey points to steady derivative-market funding costs 

July 11, 2014
Paul Carrel, Reuters

Credit costs for securities financing and derivatives transactions were little changed in the three months to the end of May, a European Central Bank survey released on Thursday showed.

The ECB's June survey of credit terms and conditions in euro-denominated securities financing and over-the-counter (OTC) derivatives markets showed that:

* Price terms remained almost unchanged for most counter-party types except hedge funds.

* Non-price credit terms eased for banks, dealers and hedge funds, but on balance remained basically unchanged for other counterparty types.

* Credit terms for funding that is collateralized by euro-denominated securities eased further for many types of collateral, albeit to a lesser extent than during the previous reference period.

Read more: Reuters

 
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