Instruction No. 7/2025

Instruction No. 7/2025
BO No. 5/2025 2nd Supplement • 2025/06/03
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Topics
Markets :: Money Markets
Mod. 99999940/T – 01/14
Index
Text of the Instruction
“Annex V – Protocol for representation in the Auction Information System (SITENDER) for the conduct of Eurosystem open market operations Text of the Instruction Subject: Amending Instruction No. 2/2016 Following the implementation of European Central Bank Guideline (EU) 2024/3129 (ECB/2024/22) on the management of collateral assets in Eurosystem credit operations, this instruction is amended accordingly. Thus, exercising the competence attributed to it by Articles 14, 15, 16, and 24 of its Organic Law, approved by Law No. 5/98 of January 31, the Bank of Portugal approves the following Instruction:
Article 1.
Object
This Instruction amends Bank of Portugal Instruction No. 2/2016 of February 15.
Article 2.
Amendments

1. In the preamble, the first paragraph is amended to read as follows:
   “The Bank of Portugal provides eligible credit institutions as counterparties for Eurosystem open market operations with an information system for participation and information consultation, within the framework of conducting these operations.”
2. In Section I, numbers I.1 and I.3 are amended to read as follows:
   “I.1 The Auction Information System (SITENDER) is the Bank of Portugal’s information system provided to participating institutions in the system, hereinafter referred to as institutions, for the conduct of Eurosystem open market operations.”