---
title: Results of the June 2026 survey on credit terms and conditions in euro-denominated securities financing and OTC derivatives markets (SESFOD)
description: The June 2026 survey covered a period of heightened market volatility from March to May 2026. The full read is on Helious, with the market reaction.
source: Helious
canonical: "https://helious.io/news/fe05beeeac1fffdc1db71319dba5ad24/results-of-the-june-2026-survey-on-credit-terms-and"
---

ECB
              24 Jul 2026, 09:00 UTC



# Results of the June 2026 survey on credit terms and conditions in euro-denominated securities financing and OTC derivatives markets (SESFOD)



            The June 2026 survey covered a period of heightened market volatility from March to May 2026. Escalating conflict in the Middle East triggered an oil supply shock that drove commodity prices sharply higher. This weighed on risk sentiment in March, while in April and May markets recovered strongly. Over the review period, market-implied policy rate expectations rose considerably. Against this backdrop, credit terms and conditions proved broadly resilient, with survey respondents reporting that overall terms had eased slightly for all counterparty types for a second consecutive quarter. The easing was due entirely to price terms, as non-price terms remained basically unchanged across the board.





## HELIOUS READ

        ECB repo/derivatives survey; technical market structure, no macro signal.




        [
          Read the full document at the source →](https://www.ecb.europa.eu//press/pr/date/2026/html/ecb.pr260724_3~c0b45e246f.en.html)




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