The ECMS & SCoRE
In October 2020, the Governing Council of the ECB decided to extend the duration of the ECMS project by 12 months, and the new scheduled-to-go-live date is November 2023.
The aim of harmonisation is "to reduce existing differences and complexity in the processing" as stated in the Corporate Actions "Single Collateral Management Rulebook for Europe (SCoRE)", published by the Advisory Group on Market Infrastructures for Securities and Collateral (AMI-SeCo). This harmonisation initiative goes along with the ECMS project and was originally focusing its 15 standards purely on collateral management, i.e. it was limited to debt instruments and selected event types. However, the importance of the standards is now growing far beyond its original purpose, radiating to the entire value chain of securities processing until November 2023.
The ECMS and SCoRE are related, as SCoRE will also lay down harmonised collateral management processes that will be used by ECMS participants.
Why is the industry – despite all the harmonisation initiatives in the past – still not fully aligned? Join us for an unmissable fireside series as we sit down with industry leaders to get an insider view and explore this further, as well as what the industry can expect ahead of the go-live date:
The Experts
01
AIRING 2 DECEMBER | 12PM CET
Episode
one
02
AIRING 29 MARCH | 12PM CET
Episode
two
Susanna Scheffold
Head of SDS Product Management | SDS
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Gesa Benda
EMEA Head of Clearance & Collateral Management (CCM) Business & Global Head of Product Strategy | BNY MELLON
Board Member | ISDA
Susanna Scheffold
Head of SDS Product Management | SDS
Martin Nadel
Member | COLLATERAL MANAGEMENT HARMONISATION TASK FORCE
FREE registration
