Eurosystem reserve management services
Eurosystem reserve management services (ERMS) are a range of banking and custody services offered by the Eurosystem to central banks, monetary authorities, state institutions located outside the euro area and international organisations to enable them to manage their euro-denominated reserve assets comprehensively, efficiently and in a safe, confidential and reliable environment.
The ERMS are provided by certain national central banks of the Eurosystem – referred to as ERMS providers – within a single framework coordinated by the ECB under harmonised terms and conditions that ensure consistency throughout the euro area.
As the reserve management services provided under the Eurosystem framework are addressed to the specific group of customers to meet their needs and concerns, they should not be seen as competing with the services offered by private financial institutions.
More detailed information on the services available within the ERMS framework can be obtained by contacting the ERMS providers, or by contacting the ECB at [email protected] or by telephone on +49 69 1344 3470.
ERMS providers
The ERMS providers comprise Eurosystem members who undertake to provide all or a subset of Eurosystem reserve management services under harmonised terms and conditions.
- Nationale Bank van België/Banque Nationale de Belgique
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Payments and securities
+32 2 221 20 48
[email protected]
www.nbb.be/en - Deutsche Bundesbank
-
Market Operations Division Central Bank Services
+49 69 9566 31600
[email protected]
www.bundesbank.de - Banco de España
-
Payment Services to Other Institutions Division
+34 91 338 5459
[email protected]
www.bde.es - Banque de France
-
International Investors Division
+33 1 4292 3324
[email protected]
www.banque-france.fr/en - Banca d'Italia
-
Payment System Department Payment and Correspondent Services Division
+39 06 4792 5145
[email protected]
www.bancaditalia.it - Central Bank of Ireland
-
Financial Operations Processing Division
+353 1 224 6170
[email protected]
www.centralbank.ie/ - Lietuvos bankas
-
Financial Operations Processing Division
+37 05 268 0640
[email protected]
www.lb.lt/ - Banque Centrale du Luxembourg
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Reserve Management
+35 24 774 4435
[email protected]
www.bcl.lu - De Nederlandsche Bank
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Financial Markets Department
+31 20 524 2497
[email protected]
www.dnb.nl - Banco de Portugal
-
Payments Infrastructure Division
+351 21 31 30 600
[email protected]
www.bportugal.pt/en - Suomen Pankki/ Bank of Finland
-
Banking Services
+358 9 183 2234
[email protected]
www.bof.fi/en - Croatian National Bank
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Financial Asset Management Department
+385 1 4564 647
[email protected]
www.hnb.hr/en
- Guideline (EU) 2021/564 of the European Central Bank of 17 March 2021 on the Eurosystem’s provision of reserve management services in euro to central banks and countries located outside the euro area and to international organisations (ECB/2021/9) (recast)
- Guideline (EU) 2024/1211 of the European Central Bank of 16 April 2024 on the Eurosystem’s provision of reserve management services in to central banks and countries located outside the euro area and to international organisations (ECB/2024/13) (recast)
- Decision (EU) 2024/1209 of the European Central Bank of 16 April 2024 on the remuneration of non-monetary policy deposits held with national central banks and the European Central Bank (ECB/2024/11)
FX Global Code
The Eurosystem participated in the development of the FX Global Code, which sets out a common set of guidelines for best practice in the wholesale foreign exchange market. The Eurosystem is committed to conducting all its foreign exchange market activities in line with the principles of the Code.