EU funding strategy
Amending Implementing Decision (EU, Euratom) as regards the use of early reimbursement of back-to-back loans under financial assistance programmes
5 December 2025
Governance decision on borrowing and debt management operations under the diversified funding strategy and related lending operations
12 December 2023
Governance decision - Annex
12 December 2023
Amended Financial Regulation establishing the unified funding approach as a general borrowing method
6 December 2022
COM(2021)250 Communication on a new funding strategy to finance NextGenerationEU
14 April 2021
C(2021)2501 Commission decision on specific internal rules on the implementation of borrowing, debt management and lending operations and of the primary dealer network
14 April 2021
C(2021)2502 Commission implementing decision on arrangements for the administration of the borrowing and lending operations
14 April 2021
High Level Risk and Compliance Policy
High Level Risk and Compliance Policy 2024
3 July 2024
High Level Risk and Compliance Policy 2023
3 July 2023
This document is an older version of the policy. The most recently updated version was published on 3 July 2024 and it supersedes any previous versions.
High Level Risk and Compliance Policy 2021
1 December 2021
This document is an older version of the policy. The most recently updated version was published on 3 July 2024 and it supersedes any previous versions.
Annual Borrowing Decision
Annual borrowing decision 2026
15 December 2025
Annual borrowing decision 2025
10 December 2024
Annual borrowing decision 2024
12 December 2023
Annual borrowing decision 2023
19 December 2022
Commission implementing decision establishing the framework for borrowing and debt management operations under NextGenerationEU for 2022
14 December 2021
Commission implementing decision establishing the framework for borrowing and debt management operations under NextGenerationEU for 2021
1 June 2021
Decision on cost allocation methodology
Cost allocation methodology - 2024
12 July 2024
Cost allocation methodology – unified funding approach
19 December 2022
Commission Implementing Decision (EU) 2021/1095 on cost allocation methodology
2 July 2021
EU primary dealer network
Legal Framework
Commission Implementing Decision (EU) 2025/1709 amending Commission Decision (EU) 2023/1602 on the primary dealer network as regards to non-competitive auction allocations
1 August 2025
Commission Implementing Decision (EU) 2024/2901 amending Commission Decision (EU) 2023/1602 on the primary dealer network
18 November 2024
C(2023)1602 Commission decision on the primary dealer network and on eligibility criteria for lead and co-lead mandates for syndicated transactions
4 August 2023
C(2021)2500 Commission decision on the establishment of the primary dealer network and its annex
16 April 2021
Legal Effects of the Request for Proposal (RfP)
Details of the legal effects of the RfP
6 November 2025
Application package for a membership
Call for applications
19 April 2021
Request for membership
19 April 2021
Annex to the membership request
19 April 2021
Secondary market reporting
19 April 2021
General Terms and Conditions (September 2023)
29 September 2023
Member list
Decision on Succession of Membership to the European Union Primary Dealer Network
4 June 2025
Decision on Succession of Membership to the European Union Primary Dealer Network
12 July 2024
Decision on Succession of Membership to the European Union Primary Dealer Network
23 January 2024
Decision on Succession of Membership to the European Union Primary Dealer Network
9 June 2023
Decision on Succession of Membership to the European Union Primary Dealer Network
26 January 2022
Decision establishing an additional primary dealer
31 October 2023
Decision establishing the first European Union primary dealer network
31 May 2021
Decision establishing additional primary dealers
26 August 2021
Decision establishing an additional primary dealer
18 October 2021
Decision establishing an additional primary dealer
10 January 2022
Annex – List of EU Primary Dealers
31 May 2021
Annex – Additional EU Primary Dealers
26 August 2021
NextGenerationEU Green Bond Framework and Second Party Opinion
For annual NGEU Green Bonds Allocation and Impact Report visit NGEU Green Bonds reports webpage.
NextGenerationEU Green Bond Framework
7 September 2021
NextGenerationEU Green Bond Framework - Annex Climate coefficients
7 September 2021
V.E. Second party opinion on the framework
7 September 2021
Social bond framework
EU SURE Social Bond Framework
7 October 2020
Second Party Opinion by Sustainalytics on the Framework
7 October 2020