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
Date: 2013-06-21
Institutions: European Central Bank, Non-euro area Member States: Denmark, Greece, Sweden, United Kingdom
Subjects: Bulgaria, Croatia, European Central Bank, accession to the European Union, agreement (EU), central bank, exchange rate, third stage of EMU








C_2013187EN.01000101.xml










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.








Българска народна банка (Bulgarian National Bank)





Knyaz Alexander I Sq. 1




1000 София/Sofia




БЪЛГАРИЯ/BULGARIA










Hrvatska narodna banka





Trg hrvatskih velikana 3




10002 Zagreb




HRVATSKA










Česká národní banka





Na Příkopě 28




115 03 Praha 1




ČESKÁ REPUBLIKA










Danmarks Nationalbank





Havnegade 5




1093 København K




DANMARK










Latvijas Banka





K. Valdemara iela 2a




Rīga, LV-1050




LATVIJA










Lietuvos bankas





Totorių g. 4




LT-01121 Vilnius




LIETUVA/LITHUANIA










Magyar Nemzeti Bank





Budapest




Szabadság tér 8–9.




1054




MAGYARORSZÁG/HUNGARY










Narodowy Bank Polski





ul. Świętokrzyska 11/21




00-919 Warszawa




POLSKA/POLAND










Banca Națională a României





Str. Lipscani nr. 25, sector 3




030031 București




ROMÂNIA










Sveriges Riksbank





Brunkebergstorg 11




SE-103 37 Stockholm




SVERIGE










Bank of England





Threadneedle Street




London




EC2R 8AH




UNITED KINGDOM








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.










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.