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Revision as of 21:01, 27 December 2024 by Boubloub (talk | contribs) (Creation as stub)(diff) ← Previous revision | Latest revision (diff) | Newer revision → (diff) Financial infrastructure in EuropeThe Eurosystem Collateral Management System (ECMS) is a unified platform for collateral management in the Eurosystem, intended to support the effectiveness of monetary policy in the euro area. It is one of the Eurosystem's TARGET Services, together with T2 for large payments, TARGET Instant Payment Settlement (TIPS) for instant payments, and TARGET2-Securities (T2S) for securities settlement.
Overview
The ECMS is scheduled for implementation on 16 June 2025, when it will replace the national collateral management systems that have been operated since the inception of economic and monetary union by each National Central Bank.
The ECMS project has been jointly developed by the Bank of France and Bank of Spain on behalf of the Eurosystem. Its start date, which a 2022 decision had set at 8 April 2024, has been postponed several times.
See also
References
- "TARGET Services". European Central Bank. Retrieved 24 December 2024.
- "What is the Eurosystem Collateral Management System (ECMS)?". European Central Bank. Retrieved 27 December 2024.
- "The Eurosystem Collateral Management System (ECMS)". Banque de France. Retrieved 27 December 2024.
- "ECMS: Eurosystem Collateral Management System". Deutsche Bundesbank. Retrieved 27 December 2024.
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