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Reserve Management Service

Reserve Management Service

The euro is the second most important reserve currency worldwide behind the US dollar. In order to give central banks outside the Eurosystem as well as international organisations and monetary authorities access to the various euro financial markets, the range of central bank services provided by the Bundesbank includes offering its customers the possibility of opening a bank account and setting up a safe custody account. On this basis, our customers have the option to make use of additional financial services. This means that they can manage their euro reserves at the Bundesbank in a way that is tailored to their individual requirements.

Account management and payment transactions

22.08.2016

Having a euro account at the Bundesbank allows international organisations, central banks and monetary authorities to participate in the European cross-border payment system TARGET2. The account is held on a credit balance basis and forms the basis for the other services which are offered. There is no need to maintain a given minimum credit balance. Accounts are remunerated as described under “Account remuneration through automatic overnight deposits” and “Fixed-term deposits”.

For more information, please refer to Product Annex Basic Services, section I. Giro transactions and account management.

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