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The ECB published the draft Collateral Central Bank Management CCBM2 user requirements for public consultation. CCBM2 is a common platform for Eurosystem collateral management, which may be used by the Eurosystem NCBs on a voluntary basis. Its objective is to consolidate and increase the efficiency of the Eurosystem’s internal systems for collateral management. In particular, it aims, to the extent possible, to address the drawbacks identified in the current set-up by optimising the cost of mobilising collateral and by enhancing liquidity management.
Work will be conducted in parallel with the TARGET2-Securities (T2S) project in order to exploit all possible synergies and avoid any overlap.
The user requirements document contains a management summary followed by nine chapters describing the features of the CCBM2 in more detail. Specific user cases are set out in an annex. It should be noted that some of the features described in the user requirements document are currently being explored by the Eurosystem and thus may be subject to revision at a later stage.
Deadline for comments is