Monetary operations

As a central bank, De Nederlandsche Bank (DNB) is one of the players in the financial markets. Dutch credit institutions are required to hold minimum reserves with us. These institutions have access to the Eurosystem's standing facilities: the deposit facility and the marginal lending facility. They can also participate in the Eurosystem’s monetary policy operations. The assets used as collateral for this purpose must meet the eligibility criteria. Furthermore, we make the vast majority of purchases of Dutch debt securities under the European APP and PEPP purchase programmes. We use various trading methods for these purchases, including reverse auctions. Last but not least, we maintain reserves to buttress monetary policy, financial stability and trust in the financial system.