Initiatives and regulatory update

For further information see https://www.ecb.europa.eu/paym/target/ecms/html/index.en.html

What is SCoRE?

In parallel to ECMS the Eurosystem’s Advisory Group on Market Infrastructures for Securities and Collateral (AMI-SeCo) is working towards developing a Single Collateral Management Rulebook for Europe (SCoRE), which defines common rules for managing collateral. 
The AMI-SeCo identified ten areas where further harmonisation was needed. 

Two of them

• SCoRE Corporate Action (CA) Standards (SCoRE 2)
• SCoRE Billing Processes Standards (SCoRE 6)

are also of relevance for OeKB CSD and will be implemented by OeKB CSD.

The SCoRE CA Standards are intended to facilitate a consistent and timely implementation of harmonised business processes and workflows for the processing of CA and meeting events across AMI-SeCo markets.

OeKB CSD will implement the corresponding standards in accordance with the "Single Collateral Management Rulebook for Europe – Corporate Actions". This can be accessed under the following link: 
Corporate Actions: Single Collateral Management Rulebook for Europe

The SCoRE Billing Processes Standards sets out a single set of rules for the transmission of billing information by post-trade service providers related to custody and collateral management, including the alignment of billing frequency and dates and using ISO 20022 messaging.

OeKB CSD will implement the corresponding standards in accordance with the "Single Collateral Management Rulebook for Europe – Billing Processes". This can be accessed under the following link: 
Billing Processes: Single Collateral Management Rulebook for Europe

The implementation of the standards in the OeKB CSD can be found on the website.