It is necessary to have a counterparty pool in ECMS maintained by the Deutsche Bundesbank to be able to use MACCs. If such an account has already been set up, there are only a few steps that need to be taken to be able to submit credit claims under German law using the MACCs application.

The ExtraNet is the Deutsche Bundesbank’s e-business-platform. Each counterparty wishing to use MACCs must first register users with the relevant roles in ExtraNet.

All counterparties have two options for submitting credit claims and debtor data: the online procedure and the file-transfer procedure. There is also a backup procedure for both types of submission.

In case of a longer-term TARGET incident, the Deutsche Bundesbank may grant loans as part of the emergency settlement (Enhanced Contingency Solution/ ECONS) covered by sufficient collateral. 

The MACCs documentation contains important information on the submission of debtor and rating data as well as on the submission and administration of credit claims. 

Below we provide a selection of all relevant customer information letters, guidance notices and other information on the MACCs procedure.

Here you find forms for participation in the MACCs procedure, available for download.