Summary
Following the circular on the ECC Clearing Circular 46/2026 ECC Default Management Simulation, ECC would like to remind all Institution Clearing Members (CMs) and Non-Clearing Members (NCMs) of the upcoming Default Management Simulation 2026, which will take place between 5 and 8 October 2026.It will include simulated default auctions and the provision of information regarding the application of recovery measures, in particular the partial tear-up (PTU) process.
Please find detailed information in the document below.
Contact
Default & Recovery Design
defaulttest@ecc.de