- Short-term markets :
- Repo markets
- Frequently Asked Questions on repo
- ERC contributions to public consultations
- Repo trading practice guidelines & documentation
- Credit claims
- Securities lending
- ICMA European repo market reports and white papers
- The impact of the Financial Transaction Tax on the European repo market
- Shadow banking and repo
- European repo market report
- European repo market white paper on short-selling and settlement failures
- Repo market surveys
- Global Master Repurchase Agreement (GMRA)
- ICMA GMRA Legal opinions
- FAQs for ICMA members
- Euro Commercial Paper
- Repo markets
- Primary markets :
- Secondary markets :
- Asset management :
- Market infrastructure :
- European Commission’s Expert Group on Market Infrastructure (EGMI)
- CESAME
- Code of Conduct on Clearing and Settlement
- CPSS/IOSCO Principles for Financial Market Infrastructures
- European Market Infrastructure Regulation (EMIR)
- Harmonisation of Securities Law
- Settlement Regulation
- TARGET2-Securities and CCBM2
- COGESI
- ISMAG
- New Global Note (bearer notes)
- New Safekeeping Structure (registered notes)
- Legal :
- Collateral Initiatives Coordination Forum :
- ICMA Quarterly Report :
- Other projects :
The “CESAME Group” (the European Commission’s Clearing and Settlement Advisory and Monitoring Expert Group) was set up in July 2004 with the aim of advising and assisting the Commission in the integration of EU securities clearing and settlement systems.
When in June 2008, the mandate of the CESAME Group expired, the “CESAME 2” Group was set up to carry the momentum built by CESAME in order to achieve the goal of a barrier-free Single European Market for clearing and settlement of securities transactions.
ICMA contributions:
12 June 2007
Joint associations' letter to ECOFIN
12 February 2007
TRAX2 Presentation at CESAME Meeting
12 June 2006
EPDA & ICMA/ERC Presentation on Barriers 4 and 7 at CESAME Meeting
23 October 2006
ECSDA & EPDA & ICMA/ERC Presentation at CESAME Meeting on the Harmonisation of Opening Days and Hours in Europe









