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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 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

Deutsche Bundesbank

Market Operations Division Central Bank Services
+49 69 9566 1600

Banco de España

Payment Services to Other Institutions Division
+34 91 338 5459

Banque de France

Market Operations Division Reserve Management Services
+33 14 292 2762

Banca d'Italia

Payment System Department Payment and Correspondent Services Division
+39 06 4792 5145

Central Bank of Ireland

Payments & Securities Settlement Division
+353 1 224 5447

Lietuvos Bankas

Payments and Settlements Division
+37 05 268 0640

Banque Centrale du Luxembourg

Reserve Management
+35 24 774 4435

De Nederlandsche Bank

Payments and Securities Department
+31 20 524 6150

Banco de Portugal

Payments Infrastructure Division
+351 21 31 30 600

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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