In December 2008 the ECB Governing Council approved VP LUX as eligible CSD for issuance and holding of securities eligible as collateral for credit operations in euro.
Prior to de facto eligibility of securities issued with VP LUX, a number of technical tests etc. were to be passed between VP LUX and Banque Centrale du Luxembourg (BCL). These tests have now been successfully completed and BCL has opened securities accounts with VP LUX for the purpose of managing collateral held with VP LUX. Parallel to this Danmarks Nationalbank on 19 June 2009 has updated the European Central Bank list of securities eligible as collateral for central bank credit operations in euro.
Accordingly securities issued with VP LUX are now de facto eligible as collateral for credit operations in euro.
L.D.