CCBM2

On 8 March 2007, the Governing Council of the ECB decided to review the current Eurosystem collateral management handling procedures, in particular, the Correspondent Central Banking Model (CCBM).

The Governing Council of the ECB has decided to develop a single platform, allowing the Eurosystem to manage collateral both for domestic and cross-border operations based on the existing systems such as that of the Nationale Bank van België/Banque Nationale de Belgique and De Nederlandsche Bank.

Work will be conducted in parallel with the TARGET2-Securities (T2S) project in order to exploit all possible synergies and avoid any overlap.