STEP Market | Value for issuers

Value for issuers

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Feb 13, 2012
A new label has been granted:
Munchener Hypothekenbank eG French Certificats de Dépôt – STEP ID 0002295

Jan 26, 2012
A new label has been granted:
Caixa Geral de Depositos Multi-Issuer ECP and CD – STEP ID 0002284

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Why endorse the STEP label?

Label of visibility and transparency
Eligibility for ECB market operations (non-financial institution)
Requirement to list ECPs on NYSE Euronext
Publication of weekly statistics by ECB and on the STEP website
Limited cost for establishing the information memorandum Promotion of short term European market through a convergence of existing markets £
Potential disadvantage in case of not being involved (STEP is a must-have)

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