The European Repo and Collateral Council
ICMA's European repo and collateral council (ERCC) which operates under the board's ultimate oversight is the industry representative body responsible for promoting best market practice for the European repo market and providing education and information for the benefit of market participants. For many years, ICMA and the ERCC have sponsored the Global Master Repurchase Agreement (GMRA), the most predominantly used standard master agreement for repo transactions in the cross-border market. The ERCC has also been conducting a semi-annual survey of the European repo market for over a decade which is generally regarded as the authoritative indicator of market size, structure and dominant trends.

The governing board of the ERCC is the European repo and collateral committee consisting of 19 individuals drawn from council member firms and elected by the ERCC on an annual basis.

AGM 2020

ICMA Executive Education