ECB's SESFOD (Mar): Credit terms and conditions eased slightly for most counterparty types, driven by improved market liquidity, competition among institutions and strong counterparty financial positions

Securities financing markets saw higher demand for funding and funding availability, with largely unchanged haircuts and higher financing rates/spreads. Compared with a year earlier, credit terms for securities financing and OTC derivatives were broadly stable in non-price terms, with minimal changes in stringency of terms and haircuts for secured funding.