TARGET2 offers its participants settlement services in euro, with settlement in central bank money. Every euro payment that is to be settled in real time and in central bank money can be settled via TARGET2.

The Eurosystem may conduct fine-tuning operations in order to smooth unexpected liquidity fluctuations rapidly.

In the CAM, invoices are produced for the previous month and sent to the participants. Under various items, the invoices summarise the fees for submitted payments in line with the schedule of fees.

Hier finden Sie Verfahrensbeschreibungen und Formulare des Imagegestützte Scheckeinzugsverfahrens (ISE).

Alle zu den GLRG‑II verfügbaren Dokumente auf einen Blick

An analysis of future economic developments is indispensible for deciding on the monetary policy stance and assessing economic policy decisions. The Bundesbank therefore regularly prepares extensive forecasts of important economic metrics for Germany.

Pursuant to Eurosystem rules, auctions may be used alongside bilateral transactions as a supplementary procedure for specific market segments under the public sector purchase programme (PSPP). Within this framework, the Bundesbank conducts one multi-ISIN auction covering up to 10 securities on the second and fourth Thursday of every month. Advance notice for the auctions is issued on the Friday prior to the relevant auction.

Der Zinssatz des GLRG-II orientiert sich an der Nettokreditvergabe der Institute. Eine Übersicht finden Sie hier.

The Retail Payment System (RPS) is a payment transaction platform operated by the Deutsche Bundesbank for the cost-effective settlement of non-urgent payments.

The Deutsche Bundesbank checks on a daily basis the eligibility of all of the securities admitted for trading or traded in Germany against the eligibility criteria and reports eligible securities to the ECB. Every business day (at 18.15), the ECB publishes its list of eligible marketable assets.

The International Monetary Fund (IMF) approved an extremely large general allocation of special drawing rights (SDRs) to its member states. The new allocation triples the total stock of SDRs to a new level of roughly SDR 660 billion. Germany is set to receive around €30 billion worth of additional SDRs.

Macroprudential tools can usually be distinguished by the legal binding force of intervention that they entail. They can be broken down into "soft" (communication), "medium" (warnings and recommendations) and "hard" (intervention) tools.

Macroprudential supervision lacks robust, timely and systematic data on the credit standards for mortgages granted to households. These data are vital for identifying risks to financial stability in good time. Following the entry into force of a statutory order in February 2021, the Bundesbank is now planning a data collection exercise aimed at closing these data gaps.

Um einen stabilen und zuverlässigen Betrieb von CashEDI zu gewährleisten, führt die Deutsche Bundesbank verschiedene Testaktivitäten mit ihren Kunden durch.

Counterfeit banknote detectors range from magnifying glasses to UV lamps to electronic devices with built-in testers. When choosing what device to buy, it is usually advisable to give preference to devices which can check more than one banknote security feature.

The decision to apply these standards was based on their design and successful implementation in various areas, including logistics, making them a feasible, secure and future-proof investment for all participating parties.

The German government has decided to mint a €2 collectors’ coin commemorating the Bundesrat (the second house of Parliament). It was issued on 29 January 2019.

Pictures and information on the national sides of the coins in circulation in Luxembourg.

Pictures and information on the national sides of the coins in circulation in Finland.

The Deutsche Bundesbank generally provides to other central banks the same range of services available to cash business partners. Moreover, the Deutsche Bundesbank and the Banco de España provide services to national central banks through the Cash Processing Center (CPC).

Pictures and information on the national sides of the coins in circulation in Estonia.

With the amending directive to the BRRD (Directive (EU) 2017/2399), the creditor hierarchy was harmonised by the EU legislator (the new creditor hierarchy).

Resolution actions available to authorities and the conditions for applying them.

Commission Implementing Regulation (EU) No 680/2014 laying down implementing technical standards with regard to supervisory reporting of institutions was brought into line in 2020 with regard to the liquidity coverage requirement for credit institutions.

Pictures and information on the national sides of the coins in circulation in Portugal.

Since 2014, the Single Supervisory Mechanism has been responsible for supervising banks in the euro area. The new banking supervision system consists of the European Central Bank and the national competent authorities of the participating countries.

Legal norms in Germany consist of laws and statutory orders. These are also fleshed out in BaFin circulars and guidance notices.

The underlying idea behind a securitisation is to bundle together a pool of assets, repackage them as tradable securities and place them in the capital market. This allows firms to sell their customer exposures, obtain funding from the capital market and invest the proceeds. Banks use securitisation for, amongst other things, refinancing, own funds relief, credit risk mitigation and portfolio management.

Here you will find general information about TIPS, for example how the processing of instant payments in TIPS works, what the participation model looks like or how the TIPS accounts are supplied with liquidity.

Some basic information to help you as you enter the world of work in Germany.

The Bundesbank brings its expertise to numerous European and international bodies and organisations in which issues concerning financial stability and the financial and monetary system are analysed and policy measures are coordinated.