EU banks expect OTC trading conditions to tighten

Credit conditions had eased in Q3 and Q4 2020, but were expected to get tougher in Q1

Top dealers told the European Central Bank (ECB) they thought credit terms and conditions for trading over-the-counter derivatives and securities financing transactions (SFTs) would tighten somewhat over Q1, after they loosened in the second half of 2020.

The survey of 26 banks showed that 13% said price and non-price terms would likely tighten somewhat, and 4% that they’d likely ease. The same survey covering Q4 2020 showed just 4% thought terms would tighten and 9% that they’d ease.


Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here