EUROPEAN PREISSUANCE MESSAGING
( EPIM) Euroclear Clearing and Settlement glossary
"EPIM automates the pre-issuance information processing and ISIN and Common Code allocation for new issues of European commercial paper ( ECP) and related money-market instruments. EPIM is a central messaging hub, linking the parties involved in the issuance of European commercial paper, including banks, dealers, issuing and paying agents (IPAs), securities depositories and numbering agencies enabling them to request ISINs and Common Codes for the issuance of European commercial paper ( ECP) and related money-market instruments from International Central Securities Depositories (ICSDs) or Central Securities Depositories (CSDs) using standardised message formats. The ICSDs and CSDs then communicate the ISIN and/or Common Code to both the dealer and Issuing and Paying Agent using the EPIM platform." Euroclear Clearing and Settlement glossary