ERM definition
Examples of ERM in a sentence
The payment after payment procedure shall be applied when intervention at the margins in ERM II takes place between the euro and the currencies of the non-euro area Member States participating in ERM II.
The provisions of Article 1, 2.1, 3, 4, 6 to 15 and 17 of this Agreement shall not apply to non-euro area NCBs which do not participate in ERM II.
The ECB and the participating non-euro area NCBs shall inform each other about all foreign exchange intervention intended to safeguard the cohesion of ERM II.
In terms of promoting market access and tackling non-discrimination, one of the main aims here in the ERM chapter is to eliminate export restrictions of energy and raw material goods, including the elimination in principle of all duties (or any measure having an equivalent effect).
Counterparties shall, as an additional eligibility criterion, also be required to provide the NCB concerned in advance with their standard settlement instructions in the ERM II currencies and any further updates to these instructions.