According to Annex Risk management of the AB-BS, the following collateral may be deposited in favour of AGCS:

• Pledged cash deposit account
• Pledged securities account
• Pledged storage account
• Guarantees from a bank in the EU or Switzerland that is independent of the BGR. Independence is no longer considered to be present if the guaranteed bank holds a direct or indirect stake of more than 10% in the BGR. APCS reserves the right to reject guarantees from banks that have not been rated by an international rating agency and do not have an investment grade rating.