// definition
ECAF
Eurosystem Credit Assessment Framework
freshreviewed 0 days ago
Short definition
The Eurosystem framework for assessing the credit quality of collateral, issuers, debtors and guarantors. It defines accepted procedures and assessment systems and maps their assessments to a harmonised quality scale. External rating agencies are one source among several; meeting the credit-quality criterion does not fulfil every collateral eligibility requirement.
risk atlas
Knowledge map
Intuition
A rating informs credit-risk assessment; collateral eligibility and recognised value still require further checks.
Related analyses
Primary sources
- ECB, Eurosystem credit assessment frameworkAccepted sources, harmonised quality scale and specific ABS requirements.