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Document 32013Y0629(01)
Agreement of 21 June 2013 between the European Central Bank and the national central banks of the Member States whose currency is not the euro amending the 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 21 June 2013 between the European Central Bank and the national central banks of the Member States whose currency is not the euro amending the 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 21 June 2013 between the European Central Bank and the national central banks of the Member States whose currency is not the euro amending the 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
OJ C 187, 29.6.2013, p. 1–4
(BG, ES, CS, DA, DE, ET, EL, EN, FR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)
|
29.6.2013 |
EN |
Official Journal of the European Union |
C 187/1 |
AGREEMENT
of 21 June 2013
between the European Central Bank and the national central banks of the Member States whose currency is not the euro amending the 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
2013/C 187/01
|
1. |
|
and
|
2. |
European Central Bank (ECB) |
(hereinafter the ‘Parties’),
Whereas:
|
(1) |
The European Council in its Resolution of 16 June 1997 (hereinafter the ‘Resolution’) agreed to set up an exchange rate mechanism (hereinafter the ‘ERM II’) when the third stage of economic and monetary union began on 1 January 1999. |
|
(2) |
Under the terms of the Resolution, ERM II is designed to help ensure that Member States whose currency is not the euro and who are participating in ERM II orient their policies to stability, foster convergence and thereby help the Member States whose currency is not the euro in their efforts to adopt the euro. |
|
(3) |
With the accession of Croatia to the European Union, its national central bank (NCB), Hrvatska narodna banka, becomes part of the European System of Central Banks on 1 July 2013. The ERM II Central Bank Agreement should therefore be amended accordingly, |
HAVE AGREED AS FOLLOWS:
Article 1
Amendment to the ERM II Central Bank Agreement in view of the accession of Croatia
Hrvatska narodna banka shall become a party to the ERM II Central Bank Agreement with effect from 1 July 2013.
Article 2
Replacement of Annex II to the ERM II Central Bank Agreement
Annex II to the ERM II Central Bank Agreement is replaced by the text set out in the Annex to this Agreement.
Article 3
Final provisions
|
3.1. |
This Agreement amends the ERM II Central Bank Agreement with effect from 1 July 2013. |
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3.2. |
This Agreement shall be drawn up in English and duly signed by the Parties’ authorised representatives. The ECB, which shall retain the original Agreement, shall send a certified copy of the original Agreement to each NCB of the Member States whose currency is the euro and each NCB of the Member States whose currency is not the euro. The Agreement shall be published in the Official Journal of the European Union. |
Done at Frankfurt am Main, 21 June 2013.
For
Българска народна банка (Bulgarian National Bank)
…
For
Hrvatska narodna banka
…
For
Česká národní banka
…
For
Danmarks Nationalbank
…
For
Latvijas Banka
…
For
Lietuvos bankas
…
For
the Magyar Nemzeti Bank
…
For
Narodowy Bank Polski
…
For
Banca Națională a României
…
For
Sveriges Riksbank
…
For
the Bank of England
…
For
the European Central Bank
…
ANNEX
‘ANNEX II
CEILINGS ON ACCESS TO THE VERY SHORT-TERM FINANCING FACILITY REFERRED TO IN ARTICLES 8, 10 AND 11 OF THE ERM II CENTRAL BANK AGREEMENT
with effect from 1 July 2013
|
(million EUR) |
|
|
Central banks party to this Agreement |
Ceilings (1) |
|
Българска народна банка (Bulgarian National Bank) |
510 |
|
Hrvatska Narodna Banka |
430 |
|
Česká národní banka |
690 |
|
Danmarks Nationalbank |
700 |
|
Latvijas Banka |
330 |
|
Lietuvos bankas |
370 |
|
Magyar Nemzeti Bank |
670 |
|
Narodowy Bank Polski |
1 730 |
|
Banca Națională a României |
990 |
|
Sveriges Riksbank |
940 |
|
Bank of England |
4 640 |
|
European Central Bank |
nil |
|
National central banks of Member States whose currency is the euro |
Ceilings |
|
Nationale Bank van België/Banque Nationale de Belgique |
nil |
|
Deutsche Bundesbank |
nil |
|
Central Bank of Ireland |
nil |
|
Bank of Greece |
nil |
|
Banco de España |
nil |
|
Banque de France |
nil |
|
Banca d’Italia |
nil |
|
Central Bank of Cyprus |
nil |
|
Eesti Pank |
nil |
|
Banque centrale du Luxembourg |
nil |
|
Central Bank of Malta |
nil |
|
De Nederlandsche Bank |
nil |
|
Oesterreichische Nationalbank |
nil |
|
Banco de Portugal |
nil |
|
Banka Slovenije |
nil |
|
Národná banka Slovenska |
nil |
|
Suomen Pankki |
nil’ |
(1) The amounts indicated are notional for central banks which do not participate in ERM II.