The European Central Bank (ECB) published details of its latest extension to collateral eligibility requirements, which will allow U.S dollar, U.K. sterling and Japanese yen collateral to be used in its monetary operations.

The extension will come into action on Nov. 9. Royal Bank of Scotland analysts said in a report today that the relevant haircuts are 16% for U.S. dollar and GBP securities and 26% for those denominated in JPY.

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