It is necessary to have a collateral account at 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 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: the online procedure and the file-transfer procedure. There is also a backup procedure for both types of submission.

At the end of June 2022, the temporary acceptance of additional credit claims as monetary policy collateral at Deutsche Bundesbank was terminated.

In case of a longer-term TARGET incident, the Deutsche Bundesbank may grant interest-free loans as part of the emergency settlement (Enhanced Contingency Solution, ECONS) which have to be 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.

In this section you find a selection of previous 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.