As part of its wider focus on market efficiency, driving post-trade automation and STP in repo markets through best practice are at the core of the remit of ICMA and its European Repo and Collateral Council (ERCC). Manufactured payments are a bottleneck in this regard as the process is still very manual and prone to delays. Based on discussions with members, led by the ERCC Operations Group, we are keen to explore current issues and ways to make this process more efficient and are seeking views from the membership on the topic through this online survey.

The following survey consists of 11 questions (some with sub-questions) and should be relatively quick to complete. Your feedback would be extremely helpful to inform our further discussion on the topic. The first part of the survey seeks firms’ views on current issues with the processing of manufactured payments, including indications of quantitative impact, as well as potential solutions. The second part of the survey focuses on the issue of identifying SFTs as part of the settlement process, through the ‘transaction type’ identifier, which would be a pre-requisite for an automated solution for the processing of manufactured payments and has also been identified as a problem more generally.

For further background on the topic of manufactured payments and the transaction type identifier, as well as relevant existing best practices, please refer to the related ERCC background note.

We invite feedback from all relevant stakeholders, members and non-members. Please complete the online survey by Wednesday 30 April. All the responses will be fully anonymised and aggregated.

If you have any questions related to the survey, please reach out to ercc@icmagroup.org.

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* Name of respondent

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* Email address

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* Company