The European Central Bank said on Monday that some residential mortgage-backed securities and ABSs backed by loans to small and medium-sized enterprises not meeting its new loan-level reporting requirements could still be eligible for repo funding.

The ECB has also extended the implementation deadline on the new loan-level reporting requirements. By Oct.16, RMBS and SME ABS that have not reached the mandatory level of compliance will become ineligible for use as central bank collateral, the ECB said on Monday.

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