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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. |