Regulation and implementation

The rules and agreements presented in this section constitute the main legal relationship between the National Bank of Belgium and its counterparties for the implementation of monetary policy. These documents define the tools, instruments and procedures needed for conducting monetary policy operations.  The National Bank of Belgium may issue additional rules that are not included on this page.  Furthermore, other decisions and regulations may apply. 

NBB Terms and Conditions

The National Bank of Belgium‘s Terms and Conditions, together with their Annexes,  reproduce and  implement the Guideline ECB/2014/60 of 19 December 2014 on the implementation of the Eurosystem monetary policy framework.  The provisions of this Guideline are supplemented with legal and technical provisions specific to the NBB.

The NBB’s Annexes to these Terms and Conditions form an integral part of this agreement.


Counterparties requesting further guidance on these issues can contact [email protected] for additional information.