Agreement of 16 March 2006 between the European Central Bank and the national... (32006X0325(01))
INHALT
Agreement of 16 March 2006 between the European Central Bank and the national central banks of the Member States outside the euro area laying down the operating procedures for an exchange rate mechanism in stage three of Economic and Monetary Union
- AGREEMENT
- of 16 March 2006
- between the European Central Bank and the national central banks of the Member States outside the euro area laying down the operating procedures for an exchange rate mechanism in stage three of Economic and Monetary Union
- I. CENTRAL RATES AND FLUCTUATION BANDS
- Article 1
- Bilateral central rates and intervention rates between the euro and the participating non-euro area currencies
- II. INTERVENTION
- Article 2
- General provisions
- Article 3
- Intervention at the margins
- Article 4
- Coordinated intramarginal intervention
- Article 5
- Procedures for intervention and other transactions
- III. VERY SHORT-TERM FINANCING FACILITY
- Article 6
- General provisions
- Article 7
- Financing of intervention at the margins
- Article 8
- Financing of intramarginal intervention
- Article 9
- Remuneration
- Article 10
- Automatic renewal
- Article 11
- Renewal by mutual agreement
- Article 12
- Advance repayment
- Article 13
- Netting-out of mutual claims and liabilities
- Article 14
- Means of settlement
- IV. CLOSER EXCHANGE RATE COOPERATION
- Article 15
- Closer exchange rate cooperation
- V. MONITORING THE FUNCTION OF THE SYSTEM
- Article 16
- Tasks of the General Council of the ECB
- Article 17
- Reconsideration of central rates and participation in narrower fluctuation bands
- VI. NON-PARTICIPATION
- Article 18
- Applicability
- Article 19
- Cooperation in the concertation
- VII. FINAL PROVISIONS
- Article 20
- Final provisions
- ANNEX I
- QUOTATION CONVENTION FOR CURRENCIES PARTICIPATING IN ERM II AND THE PAYMENT AFTER PAYMENT PROCEDURE IN THE EVENT OF INTERVENTION AT THE MARGINS
- A. Quotation convention
- B. Payment after payment procedure
- (i) General principles
- (ii) Deadline for the receipt of funds from counterparties
- ANNEX II
- CEILINGS ON ACCESS TO THE VERY SHORT-TERM FINANCING FACILITY REFERRED TO IN ARTICLES 8, 10 AND 11 OF THE CENTRAL BANK AGREEMENT
- with effect from 1 May 2004
- (in millions of EUR)
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