EU banks relax credit terms for OTC trades – ECB
Price and non-price trade conditions likely to ease for most firms in Q3
European banks say credit conditions for over-the-counter derivatives and repo counterparties of all types eased in the second quarter of this year, and predict they will loosen further for some institutions throughout Q3.
Of 28 dealers surveyed by the European Central Bank (ECB) over Q2, 16% replied that price and non-price trade terms for all counterparties eased somewhat, 8% said they tightened a little and 76% said they didn’t change.
Respondents thought trade terms for investment funds
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