Legal Documentation

Eurosystem monetary policy operations are governed by Guideline ECB/2014/60, as amended (the 'General Documentation' or the GD).

The provisions of the General Documentation have been implemented in Ireland by the Central Bank's Documentation on Monetary Policy Instruments and Procedures (the 'MPIPs'). In addition, supplements to the MPIPs provide for temporary features of the Eurosystem monetary policy framework and for valuation haircuts.

Documentation on Monetary Policy Instruments and Procedures (August 2019) | pdf 1996 KB MPIPs Additional Temporary Measures Supplement (August 2019) | pdf 586 KB MPIPs Valuation Haircuts Supplement (August 2019) | pdf 579 KB MPIPs Provision of Liquidity in US Dollar Supplement | pdf 414 KB MPIPs Agreement 2015 | pdf 243 KB MPIPs Agreement for new counterparties | pdf 293 KB

Collateral Mobilisation Agreements

General Monetary Policy Framework

Collateral Pooling Framework Agreement | pdf 604 KB MBPN Framework Agreement | pdf 945 KB Master Substitution Agreement | pdf 298 KB

Temporary Monetary Policy Framework

SMBPN Framework Agreement (Irish Assets) | pdf 468 KB SMBPN Framework Agreement (UK Assets) | pdf 528 KB Please visit the website of the ECB for further details on the legal framework governing monetary policy and operations at https://www.ecb.europa.eu/ecb/legal/1002/1014/html/index-tabs.en.html