Results of the June 2017 survey on credit terms and conditions in euro-denominated securities financing and over-the-counter derivatives markets (SESFOD), conducted by the ECB, are here as under:
- Little overall change in credit terms for secured funding
- Less favourable non-price credit terms for non-cleared OTC derivatives
- Worsened liquidity in domestic government bond market
The SESFOD survey is conducted four times a year and covers changes in credit terms and conditions.