Home     TARGET     CEC     Clearing House     Links     Contact     

ELLIPS is a non-profit institution, which has its registered office in the National Bank of Belgium, boulevard de Berlaimont 14, 1000 Brussels. The board and the general assembly are composed of representatives of the participating banks. The NBB chairs both the decision-making bodies. The NBB runs the system and assumes the daily management on a contractual basis between the NBB and ELLIPS. The banks own the software for the application. The NBB therefore performs a threefold role in ELLIPS:

• assumes the daily management on a contractual basis and fully recovers the costs;

• is the president of the board and the general assembly;

• is a participant in the system.

This institutional pattern balances the interests of both parties, the central bank and the banking sector.