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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

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

Reserve Management
+35 24 774 4435
[email protected]
www.bcl.lu

De Nederlandsche Bank

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

Financial Asset Management Department
+385 1 4564 647
[email protected]
www.hnb.hr/en

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.

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