ECMS and SCoRE: Implementation
Clearstream’s Eurosystem Collateral Management System (ECMS) Programme will implement the collateral management harmonisation standards set by the Advisory Group for Market Infrastructure for Securities Collateral (AMI-SeCo) Single Collateral Management Rulebook for Europe (SCoRE) and facilitate triparty collateral management with central banks via the European Central Bank's (ECB) ECMS platform.
The SCoRE standards part of this programme aim to implement 15 new corporate actions standards to ensure harmonised corporate actions processes and workflows across the AMI-SeCo markets.
In order to comply with the SCoRE Corporate Action Standard 1, Clearstream Banking AG1 will change the TEFRA-D processing for German domestic securities effective
18 November 2024
The issuers, issuing agents or lead managers who deal or issue securities subject to TEFRA D on the German market will have an impact on their processing in terms of reporting.
The following reports, currently available to clients and agents will be decommissioned by 18 November 2024:
- KD179001: Fristende Leadmanager Vorabinfo
- KD179002: Fristende Vorabinfo
- KD179003: Fristende Leadmanager
- KD179004: Protokoll Fristende
In addition, KD179003 and KD179004 will be consolidated in one report, which will be made available to the agents via Xact Web Portal.
Upon request, CBF can set up the subscription on behalf of the agent, if the report is required to be available on Monday 18 November 2024.
An MT599 to DAKVDEFFXXX should be sent to the attention of PRG Connect no later than Friday 15 November 2024 12:00 CET with the following statement:
Attn.: PRGConnect
Please set up a TEFRA D report for us with the following settings:
Report name: TEFRA D report
Xact OU name: XXXX
Account number: XXXX (4-digit to include all sub-accounts, 7-digit to include only the particular account)
Start date: 18/11/2024
Frequency: Daily Complete/Daily Delta (choose one)
Contact details: XXXX
Alternatively, agents can subscribe to the report directly via Xact Web Portal from 18 November 2024.
Further details on the Xact Web Portal usage will be communicated prior to the implementation date.
Further information
For any further questions, please send an email to ecms.programme@clearstream.com and state “TEFRA D Agent” in the subject line.
------------------------------------------
1. This Announcement is published by Clearstream Banking AG (CBF), registered office at Mergenthalerallee 61, 65760 Eschborn, Germany, registered with the Commercial Register of the District Court in Frankfurt am Main, Germany, under number HRB 7500.