White Paper

Eurosystem Collateral Management System

Changes and benefits for the Financial Institutions

#Financial Services

Be ready for the go-live day set for the 8th of April 2024

Context

In December 2017, the Governing Council of the European Central Bank approved the ECMS project that will go live on 8 April 2024. ECMS introduces the creation of a technical platform that will replace the existing 19 National Central Banks for the management of collateral used in the Eurosystem credit operations. The project is part of the Eurosystem’s “Vision 2020” initiative for the development and strengthening of financial market infrastructures.

Benefits overview

How Reply can help you

Assessment
Reply assists Financial Institutions in analysing the current landscape and identifying the practices to be implemented in order to be able to take part of the ECMS. We will conduct an assessment aimed to understand the benefits and changes on the business processes and the IT architecture.

Plan and Design
Reply will design the roadmap considering all the stakeholders involved in

order to track and meet the ECB’s deadlines. We will review and design the internal business processes affected by the ECMS and more in general by the Vision 2020.

Implementation
Reply will define a project plan and it will follow the implementation of the business processes designed.