SCoRE and ECMS: Client testing - Update II
Note: This announcement, originally published on 21 December 2023 and updated on 16 February 2024, has been further updated to include a new test window and the addition of the ECMS Triparty Collateral Management client testing registration form.
Further to Announcement D23053, Clearstream Banking1 is committed to assisting clients to prepare the implementation of the AMI-SeCo Single Collateral Management Rulebook for Europe (SCoRE) Standards and of the Eurosystem Collateral Management System (ECMS).
Therefore, Clearstream Banking will offer clients the possibility to test the enhancements resulting from the implementation of SCoRE and ECMS during three dedicated testing windows according to the following preliminary timeline:
Scope | Test window | Test registration deadline | |
Phase 1 | Corporate Actions (ISO 15022 format) | 5 March 2024 - 28 March 2024 | 31 January 2024 |
Phase 2 | Triparty Collateral Management (ISO 15022 format) | 1 July 2024 - 20 September 2024 Connectivity testing only: Guided testing Cycle 1: Test environment downtime: Connectivity testing only: Guided testing Cycle 2: During the remaining weeks clients can participate in free testing. More information will be available in the related client test guide. | 31 May 2024 |
Phase 3 | Corporate Actions (ISO 20022 format) | October 2024 (exact dates to be confirmed) | To be announced. |
Phase 1: Corporate Actions Standards (ISO 15022)
The aim of this client testing phase is to ensure connectivity and a functional message exchange between Clearstream Banking and its clients in ISO 15022 format for Corporate Actions, including enhancements resulting from the implementation of SCoRE.
Clients will be able to communicate with Clearstream Banking via the following connectivity channels:
- Xact via Swift;
- Xact via File Transfer;
- Xact Web Portal.
Messages in scope are the following:
Message identifier | Message definitions |
MT564 | Corporate Action Notification |
MT565 | Corporate Action Instruction |
MT566 | Corporate Action Confirmation |
MT567 | Corporate Action Status and Processing Advice |
Phase 2: Triparty Collateral Management (ISO 15022)
The aim of this client testing phase is to ensure connectivity and a functional message exchange between Clearstream Banking and its clients in ISO 15022 format for Triparty Collateral Management, including enhancements resulting from the implementation of SCoRE and ECMS.
Clients will be able to communicate with Clearstream Banking via the following connectivity channels:
- Xact via Swift;
- Xact via File Transfer;
- Xact Web Portal.
Further to the connectivity between clients and Clearstream Banking, clients will have the opportunity to test the end-to-end flow with ECMS and view in ECMS the end result of the actions they have taken in Clearstream Banking.
Messages in scope are the following:
Message identifier | Message definitions |
MT527 | Triparty Collateral Instruction |
MT558 | Triparty Collateral Status and Processing Advice |
MT569 | Triparty Collateral and Exposure Statement for Collateral Giver |
Phase 3: Corporate Actions Standards (ISO 20022)
The aim of this client testing phase is to ensure connectivity and a functional message exchange between Clearstream Banking and its clients in ISO 20022 format for Corporate Actions, including enhancements resulting from the implementation of SCoRE.
Clients will be able to communicate with Clearstream Banking via the following connectivity channels:
- Xact via Swift;
- Xact via File Transfer;
- Xact Web Portal.
Message identifier | Message definition |
seev.031 | Corporate Action Notification |
seev.032 | Corporate Action Event Processing Status Advice |
seev.033 | Corporate Action Instruction |
seev.034 | Corporate Action Instruction Status Advice |
seev.035 | Corporate Action Movement Preliminary Advice |
seev.036 | Corporate Action Movement Confirmation |
seev.037 | Corporate Action Reversal Advice |
seev.039 | Corporate Action Cancellation Advice |
seev.040 | Corporate Action Instruction Cancellation Request |
seev.041 | Corporate Action Instruction Cancellation Request Status Advice |
seev.044 | Corporate Action Movement Preliminary Advice Cancellation Advice |
Participation in client testing
Clients wishing to participate in the testing must register. Test registration forms for each phase, as well as practical information on testing (including detailed test cases description, event calendars, and ISINs available for testing) are available in the attachments below and on the Clearstream ECMS web page.
Further information
If clients have further questions, please do not hesitate to contact us at ECMS.programme@clearstream.com.
For further information, clients may contact Clearstream Banking Client Services or their Relationship Manager.
------------------------------------------
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.