boj minutes, 2002-01-16
Following the Policy Board's decision at the Monetary Policy Meeting on December 19, 2001, the Bank's staff proposed, with a view to broadening the range of eligible assets and collateral, amending the guidelines including the Guidelines on Eligible Collateral in order to be able to take the following measures: (1) accepting asset-backed commercial paper (ABCP) as eligible collateral and as eligible assets for CP purchasing operations under repurchase agreements; (2) broadening the range of eligible asset-backed securities (ABS) by accepting ABS backed by mortgage loans and cash flows generated from real estate as eligible collateral; and (3) accepting as eligible collateral bonds whose principal balance might decrease due to prepayments before the final maturity date, such as pass-through bonds, which included ABS and Fiscal Investment and Loan Program (FILP) Agency bonds, both of which were backed by mortgage loans.
Sentiment: neutral
Topic: mp_credit