2024-05-02

Added 2026-07-31 · Updated 2026-08-03

Instruction No. 7/2024: Implementation of Eurosystem Monetary Policy

Bank of Portugal amends Instruction No. 3/2015 to align Portuguese regulations with ECB Guidelines amending ECB/2014/60 and ECB/2015/35. The changes update operational timelines for refinancing operations, clarify collateral eligibility criteria including minimum credit claim thresholds (25,000 EUR domestically, 500,000 EUR cross-border), and refine definitions for TARGET accounts and intraday credit. It also introduces new rules for sustainability-linked bonds, ECAF credit assessment disclosures, and the treatment of counterparties failing capital requirements or subject to EU restrictive measures.

Portugal

Banco de Portugal

Follow BDP

Show thumbnailShow full textSourceAdd to collection

Show thumbnail