Auto-collateralisation
Introduction '''Auto-collateralisation''' is a credit operation that is or can be triggered, when a buyer does not have sufficient funds to settle a securities transaction, in order to improve its cash position for the next settlement cycle. The credit provided can be secured using securities already held by the buyer (“collateral stocks”) or the securities that are being purchased (“collateral flows”).
See also * T2S
External links *  TARGET2-Securities page on the ECB website*  ECB proposal for the T2S Project