Processing of banking operations

In accordance with its remit and Article R.721-20 of the Monetary and Financial Code, the IEOM opens accounts for the Treasury, credit institutions and postal and telecommunications offices in its books.

This NIEC (Note of Instruction to Credit Institutions) details all the banking operations that authorised credit institutions may carry out if they hold an account in the IEOM’s books.

Credit institutions may request the opening of a remunerated deposit account (CDR) in order to use the deposit facility, which is a monetary policy instrument of the IEOM.
Opening a CDR requires the institution to already hold a CCIE account (Current Account with the IEOM).

Note of instruction to Credit Institutions - NIEC