The Bank of Finland’s rules on the implementation of monetary policy operations and collateral management have been updated and now include the amendments of the General Documentation Guideline (ECB/2022/48), the Guideline on the valuation haircuts applied in the implementation of the Eurosystem monetary policy framework (ECB/2022/49) and the Guideline on additional temporary measures (ECB/2022/50) adopted by the ECB.

In addition to these changes, the valuation haircuts applied in the Bank of Finland's framework for Additional Credit Claims (ACC) have been updated and the Bank of Finland’s operational requirements for eligible counterparties in monetary policy operations have been supplemented with an option for counterparties wishing to have access only to the overnight deposit facility of the standing facilities via the Bank of Finland. Furthermore, the terminology used in the document relating to TARGET services has been updated.

The changes will enter into force on 29 June 2023.

See: Bank of Finland rules for counterparties and customers