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.
In securities trading, our customers also have the option of purchasing or selling all eligible securities. They can choose between delivery versus payment (DVP) and free of payment (FOP).
In addition, our range of services includes participating in primary market auctions for German government bonds and those of other euro countries, such as France, Spain and the Netherlands.
For more information, please refer to Product Annex Investment Services, section V.