ECB logo
Menu

Valuation

When determining the value of underlying assets used in reverse transactions, the Eurosystem applies, among others, the following principles:

Marketable assets

The Common Eurosystem Pricing Hub (CEPH), developed and operated by the Eurosystem, provides the Eurosystem with a unique price per asset per business day that is used by all Eurosystem central banks to value eligible marketable assets submitted as collateral in Eurosystem credit operations. To define these unique Eurosystem prices, the CEPH collects market prices and defines the most reliable one on a given business day. In the absence of a reliable market price for a particular marketable asset on the business day preceding the valuation date, the CEPH calculates a theoretical price. The value of a marketable asset is calculated on the basis of this unique Eurosystem price on the business day preceding the valuation date. The CEPH started its marketable assets operations on 24 September 2012.

Non-marketable assets

Non-marketable assets are assigned a value corresponding to the outstanding amount.

北京pk赛车10官网 新手容易赢钱的棋牌 七乐彩定胆技巧 幸运飞艇走势图带跨度 重庆三分彩是不是正规的 真彩广东快乐十分走势图 股票仙人指路k线图 今晚华东15选5开奖号码 怎么看股票代码分类 湖北福彩快三哪里下载 最近股市行情好吗 秒速赛车怎么老是输 上海今天11选五开奖号 博实股份股票 内蒙古十一选五前三走势图一定牛 江苏11选五走势图表 炒股哪些平台好