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.
Please visit the ECB section on EUR-Lex 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.
Monetary Policy Instruments and Procedures (January 2021) | pdf 2066 KB
MPIPs Additional Temporary Measures Supplement (January 2021) | pdf 426 KB
MPIPs Valuation Haircuts Supplement (January 2021) | pdf 553 KB
MPIPs Provision of Liquidity in US Dollar Supplement | pdf 349 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 531 KB
Deed of Charge (Collateral Pooling Framework Agreement) | pdf 414 KB
Template Legal Opinion (Irish counterparties) - Collateral Pooling Framework Agreement | pdf 87 KB
Template Legal Opinion (non-Irish counterparties) - Collateral Pooling Framework Agreement | pdf 92 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