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Focus session (virtual)

Eurosystem Collateral Management System

When, where

3 June 2022, 09:30-12:00 CET
Virtual event

Video recording

The event is available to watch again.


Registration and login


Practical information


Welcome address

The new Eurosystem Collateral Management System (ECMS), is part of the Eurosystem TARGET Services and will bring cash, securities and collateral management closer together thus optimising liquidity management in central bank money for market participants in the EU. In this context, the ECMS is the new system set to go live in November 2023. Learn more about the ongoing project and how it will plug into the current and evolving TARGET Services.

  • Dimitri Pattyn, Deputy Director General, ECB

What benefits will the Eurosystem Collateral Management System bring?


The ECMS replaces the 19 local systems run by national central banks to manage assets used as collateral for Eurosystem credit operations. What new functionalities will ECMS bring? What will change compared to today’s setup?

  • Audren Plançon, Senior Expert, ECB

Connectivity to Eurosystem Single Market Infrastructure Gateway

The Eurosystem Collateral Management System (ECMS) will be accessible through the Eurosystem Single Market Infrastructure Gateway (ESMIG). What do you need to know to connect to ECMS via ESMIG? Learn how to connect from the network service providers.

  • Gilles Mary, Banque de France (10 minute presentation)
  • Stefano Pizzera, SIA (10 minute presentation)
  • Yves Joosen, SWIFT (10 minute presentation)

Preparing for user testing and migration


The Eurosystem Collateral Management System (ECMS) will go-live in November 2023. To ensure that everyone is ready on time strategies for testing and migration have been put in place. Where are we today and what needs to be done in the months ahead?

  • Manas Manjari Sinha, Expert, ECB

How ready is the market?


The ECB conducts regular market readiness surveys. How prepared is the market now? Where is special attention needed?

  • Jean-Pierre De Haeck, Team Lead, ECB

Closing remarks

  • Dimitri Pattyn, Deputy Director General, ECB

End of event

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