Bank of England adds NWB Bank bonds to its collateral framework

NWB Bank bonds are now eligible as collateral within the Bank of England’s Sterling Monetary Framework (SMF). This follows the recent expansion of the UK central bank’s collateral framework to include debt securities issued by a broader group of highly rated government-related entities.

The inclusion highlights the strong credit quality, liquidity and international standing of NWB Bank’s bond programme. For investors, it further broadens the usability of NWB bonds within the global financial system and represents additional recognition from one of the world’s leading central banks.

By becoming eligible within the SMF, NWB Bank further strengthens its position as a high-quality issuer in the international capital markets. The broader acceptance of its bonds enhances their attractiveness to a wide range of market participants and supports the bank’s continued efficient access to funding. This enables NWB Bank to continue fulfilling its mission of providing low-cost financing for investments in the Dutch public sector.

Broad international recognition

NWB Bank bonds are accepted as eligible collateral by several leading central banks and market infrastructures:

• European Central Bank (ECB)
• Swiss National Bank
• Federal Reserve System
• Reserve Bank of Australia
• Bank of England

In addition, NWB Bank bonds are accepted by major clearing houses:

• Eurex Clearing
• LCH

Link to market notice Bank of England: https://www.bankofengland.co.uk/markets/market-notices/2026/june/collateral-eligibility-in-the-smf-11-june-2026