The survey will provide information about changes in credit terms applied by the largest banks for lending against euro-denominated security collateral and for OTC derivatives transactions with key counterparty types, as well as about main reasons behind the changes in those terms. This makes it a valuable monitoring and potentially early warning tool to support risk surveillance work and the risk identification process.
5  First, available data is not complete. Repos that are settled in the books of custodian banks or in commercial bank money are not reflected, for instance in payment systems settling in central bank money, as TARGET.