SCoREBOARD Billing Processes Monitoring Report

This report is a summary of the H2 2025 monitoring exercise conducted by the Austrian National Stakeholder Group (NSG) regarding the implementation of the Single Collateral Management Rulebook for Europe (SCoRE). The monitoring exercise focuses on the progress of various entities, including Central Securities Depositories (CSDs) and custodians, in achieving the established milestones related to billing processes. Key findings indicate that OeKB CSD has fully implemented the billing standards, while custodians report ongoing development of ISO 20022 messaging. The report outlines the compliance status of different entity types and highlights the challenges faced, particularly concerning the timely implementation of ISO 20022. It also emphasizes the importance of adhering to regulatory obligations, which are consuming significant resources in the Austrian market. The report concludes with remarks on the necessity for timely compliance with SCoRE standards and the ongoing efforts of market participants to address the identified challenges.