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 erms@ecb.europa.eu 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
euroaccountmanagement@nbb.be
www.nbb.be/en - Deutsche Bundesbank
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Market Operations Division Central Bank Services
+49 69 9566 1600
cbs@bundesbank.de
www.bundesbank.de - Banco de España
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Payment Services to Other Institutions Division
+34 91 338 5459
rms.spain@bde.es
www.bde.es - Banque de France
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Market Operations Division Reserve Management Services
+33 14 292 2762
rms@banque-france.fr
www.banque-france.fr/en - Banca d'Italia
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Payment System Department Payment and Correspondent Services Division
+39 06 4792 5145
rms@bancaditalia.it
www.bancaditalia.it - Central Bank of Ireland
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Payments & Securities Settlement Division
+353 1 224 5447
govaccs@centralbank.ie
www.centralbank.ie/ - Lietuvos Bankas
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Payments and Settlements Division
+37 05 268 0640
back-office@lb.lt
www.lb.lt/ - Banque Centrale du Luxembourg
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Reserve Management
+35 24 774 4435
rms@bcl.lu
www.bcl.lu - De Nederlandsche Bank
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Payments and Securities Department
+31 20 524 6150
erms@dnb.nl
www.dnb.nl - Banco de Portugal
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Payments Infrastructure Division
+351 21 31 30 600
gestao.operacoes@bportugal.pt
www.bportugal.pt/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.