# Correspondent central banking model (CCBM)

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- Post ID: 590921
- Modified: 2023-07-25T21:00:42+00:00
- Language: en

## Definition

an automated process established by the European System of Central Banks with the purpose of enabling counterparties to use eligible collateral in a cross-border context. In the CCBM, national central banks act as custodians for one another. In practice this means that each national central bank has a securities account in its securities administration for each of the other national central banks and the ECB). - In the correspondent central banking model, the national central banks act as custodians for one another. This means that the national central banks hold securities accounts for each other - and for the ECB. - The ECB may use special versions of this model (special versions of the system) for the cross-border use of nonmarketable assets. - See settlement, fully automated. - See ECB Annual Report 2001, p. 140 f.; ECB Annual Report 2003, p. 97 (clear presentation of the individual steps of the system); ECB Monthly Report October 2007, p. 93 ff. (comparison of collateral arrangements at the ECB with the U.S. and Japan; many overviews); ECB Annual Report 2007, p. 121 ff. (improvement of the system; interlinkages; volume of transactions). Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

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