Eurosystem Reserve Management Services
Introduction.
In order to support the euro in its role as a reserve currency, the Eurosystem has developed an operational framework within which the national central banks of the euro area (NCBs) will offer a series of standard services to central banks and monetary authorities outside the Eurosystem. These services will enable the non-euro area central banks that so desire to manage their euro reserves more safely and effectively. All the euro area NCBs will provide these services in a similar manner.
All the services offered by the Eurosystem will be available to customers from any national central bank. Thus, for example, through a single central bank they will be able to receive custodian and settlement services for a wide range of fixed-income securities issued throughout the euro area.
These services provide financial safety and legal certainty, along with the confidentiality offered by the Eurosystem.
Initially, the full range of harmonised services will be offered by the central banks of the following countries: Germany, France, Italy, Spain, the Netherlands and Luxembourg.
The services offered by the Banco de España are as follows:
- Securities custodian service.
- Securities settlement service.
- Cash service.
- Deposit transactions.
- Foreign exchange purchase and sale transactions.
- Investment transactions.