Having a euro account at the Bundesbank allows central banks, monetary authorities and international organisations to participate in European cross-border payments via T2. The giro account, which is held on a credit balance basis, is an indispensable precondition for using all other Reserve Management Services, although there is no obligation to maintain a given minimum credit balance. The remuneration of the account is described in the next sub-item “Account remuneration through automated overnight deposits”.
For more information, please refer to Product Annex Basic Services, Section I, which can be found under “Special terms and conditions” on the right.
