Information for new customers
Next steps
If you want to participate in monetary policy operations for the first time, please proceed as follows:
Step 1
First, please contact your customer service team (KBS). They will provide you with the relevant information on the next steps.
Step 2
In order to collateralise monetary policy operations with marketable assets (securities), you must open an operational safe custody account and a collateral account.
Step 3
You will need to connect to the Bundesbank’s collateral management system via the CAP (Collateralmanagement Access Portal) special procedure using the Bundebank’s ExtraNet. This requires registration with certification.
Step 4
You will also need a TARGET-Bundesbank primary MCA for monetary settlement. Further information and the registration form can be found in "TARGET2/T2S consolidation".
Step 5
If you want to submit credit claims – i.e. non-marketable assets – as collateral using the online procedure, you will also require access to MACCs via the Bundesbank’s ExtraNet in addition to a collateral account.
Step 6
You will also need to register with the OpenMarket Tender Operations System (OMTOS).