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European Central Bank

Overview

European Central Bank (ECB) is the prime component of the Eurosystem and the European System of Central Banks (ESCB) with headquarters in Frankfurt am Main, DE. The ECB makes monetary policy for the Eurozone and the European Union, administers the foreign exchange reserves, and monitors foreign exchange operations. The key functionality delivered by the service provider is currency exchange based on live market prices.

Supported regions

Companies from the following regions can integrate:

  • EU (European Union)

  • EEA (European Economic Area)

  • Other countries not included into international sanctioned lists

Prerequisites

An active financial services license is required to implement the integration. Contact your manager for additional details.

Website

https://www.ecb.europa.eu/home/html/index.en.html

Products and services

The following table describes the services delivered by European Central Bank.

Service name

Description

Execution details

FX exchange

The functionality allows to exchange fiat currencies within client’s accounts by means of global marketplaces.

Only fixed rates are provided—live updates are not available for exchange rates.

Exchanged currencies

Refer to https://www.ecb.europa.eu/stats/policy_and_exchange_rates/euro_reference_exchange_rates/html/index.en.html for supported currencies.

Rates update

Exchange rates are updated once a day.

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