IDEAS home Printed from https://ideas.repec.org/a/ecb/ecbart/202300063.html
   My bibliography  Save this article

SESFOD@10 – credit terms and conditions in euro-denominated securities financing and over-the-counter derivatives markets since 2013

Author

Listed:
  • Kördel, Simon
  • Molitor, Philippe

Abstract

The survey on credit terms and conditions in euro-denominated securities financing and over-the-counter derivatives markets (SESFOD) is a qualitative survey which collects information on the credit terms and conditions offered by large banks active in the targeted euro-denominated markets. On the tenth anniversary of the launch of SESFOD in 2013, this article assesses the information value of the survey and its leading indicator properties. It analyses the underlying individual responses over time and the drivers of aggregate developments. While changes are infrequent, they may have highly significant effects on financial stability, market functioning and monetary policy. More specifically, information on changes in the cost and availability of funding in wholesale markets, and in repo markets in particular, may support the analysis of monetary policy transmission and interbank funding conditions. JEL Classification: G10, G21, G23, C83

Suggested Citation

  • Kördel, Simon & Molitor, Philippe, 2023. "SESFOD@10 – credit terms and conditions in euro-denominated securities financing and over-the-counter derivatives markets since 2013," Economic Bulletin Articles, European Central Bank, vol. 6.
    • Handle: RePEc:ecb:ecbart:2023:0006:3
    Note: 521888
    as

    Download full text from publisher

    File URL: https://www.ecb.europa.eu//pub/economic-bulletin/articles/2023/html/ecb.ebart202306_03~9412caf048.en.html
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Financial stability; market functioning; monetary policy;
    All these keywords.

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ecb:ecbart:2023:0006:3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Official Publications (email available below). General contact details of provider: https://edirc.repec.org/data/emieude.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.