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Credit terms offered to counterparties in the provision of finance collateralised by euro-denominated securities and in over-the-counter (OTC) derivatives markets became somewhat less favourable for banks and dealers and for hedge funds, but remained basically unchanged for other counterparty types. Credit terms offered to all types of counterparty are expected to tighten further over the next three-month reference period between December 2016 and February 2017.
Regarding the provision of finance collateralised by euro-denominated securities, survey respondents indicated that credit terms such as the maximum amount of funding, the maximum maturity of funding and haircuts had remained basically unchanged. A small net percentage of respondents indicated less favourable...
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