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Eurosystem procurement framework

Eurosystem procurement framework

 

SUMMARY OF

Decision 2008/893/EC laying down the framework for joint Eurosystem procurement

Guideline (EU) 2015/280 on the establishment of the Eurosystem Production and Procurement System

WHAT IS THE AIM OF THE DECISION AND GUIDELINE?

  • The decision sets out the rules and practices for joint procurement by national central banks (NCBs) of goods and services necessary for performing Eurosystem tasks, and the roles of the Eurosystem Procurement Coordination Office (EPCO) and of the other public authorities involved.
  • The guideline sets out rules to ensure that different types of printing firms in the public and private sectors can participate in tender procedures for the production of euro banknotes organised and carried out within the EU on equal terms.

KEY POINTS

When EPCO sees the need for a joint procurement of goods and services (due to cost efficiency and effectiveness or for harmonised requirements and standards), it invites the NCBs to participate in a joint tender procedure. The European Central Bank (ECB) Governing Council approves the procedure and the leading central bank proposed by EPCO. The leading central bank carries out the joint tender procedure for the benefit of the central banks participating in the joint tender procedure, in accordance with the procurement rules applicable to it.

Participation by NCBs in EPCO’s activities and in joint tender procedures* is voluntary.

EPCO is hosted by an NCB appointed by the Governing Council of the ECB every 5 years. The Luxembourg NCB currently holds this position (1 January 2020 to 31 December 2024). Central banks finance EPCO’s budget on an annual or multiannual basis.

For the production and procurement of euro banknotes, the Eurosystem Production and Procurement System is established. It covers the production of euro banknotes by NCBs using an in-house printing works as well as the tendering of the production of euro banknotes by NCBs that do not use in-house printing works.

NCBs are responsible for the production and procurement of the euro banknotes that have been allocated to them in accordance with their shares in the ECB’s capital.

FROM WHEN DO THE DECISION AND GUIDELINE APPLY?

  • Decision 2008/893/EC has applied since 1 December 2008.
  • Eurosystem central banks have complied with the guideline from 1 January 2015.

BACKGROUND

  • The ECB Governing Council has the power under the Statute of the ECB (Article 12.1) to adopt guidelines and take decisions to ensure effective operation of the Eurosystem. It also has the exclusive right to authorise the issue of euro banknotes within the EU and to allocate the responsibility for producing euro banknotes to the NCBs.
  • In July 2007 the ECB Governing Council decided to establish the EPCO in order to enhance cooperation within the Eurosystem in the field of procurement. It made it permanent in 2019.

KEY TERMS

Joint tender procedure: a procedure for the joint procurement of goods and services carried out by the leading central bank for the benefit of the central banks participating in the joint tender procedure.

MAIN DOCUMENTS

Decision 2008/893/EC of the European Central Bank of 17 November 2008 laying down the framework for joint Eurosystem procurement (ECB/2008/17) (OJ L 319, 29.11.2008, pp. 76-78)

Successive amendments to Decision 2008/893/EC have been incorporated into the original text. This consolidated version is of documentary value only.

Guideline (EU) 2015/280 of the European Central Bank of 13 November 2014 on the establishment of the Eurosystem Production and Procurement System (ECB/2014/44) (OJ L 47, 20.2.2015, pp. 29-33)

See consolidated version.

RELATED DOCUMENTS

Decision (EU) 2020/628 of the European Central Bank of 4 May 2020 amending Decision ECB/2008/17 laying down the framework for joint Eurosystem procurement (ECB/2020/27) (OJ L 146, 8.5.2020, pp. 11-12)

last update 30.10.2020

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