Title II: Specific organisation of monetary policy, payment transactions and fund transfers in overseas France

In the collectivities referred to in Article 73 of the Constitution and in the collectivities of Saint-Barthélemy, Saint-Martin and Saint-Pierre-et-Miquelon, the Banque de France carries out the tasks entrusted to it by Articles L. 122-1, L. 141-1 to L. 141-5-1 and L. 141-6-1 as part of its participation in the European System of Central Banks. Operations relating to these tasks in the local authorities referred to in the first paragraph…

The Institut d’émission des départements d’outre-mer is also responsible, in its area of operation defined in the first paragraph of Article L. 721-7: 1° Putting metal coins into circulation and carrying out the general interest tasks entrusted to it by the State; agreements between the State and the Institut define the nature of these services and the terms of their remuneration; 2° Carrying out any research or services on behalf…

In order to carry out the tasks referred to in Article L. 721-7, credit institutions or finance companies established in the form of a branch or having their registered office in the local authorities referred to in the first paragraph of Article L. 721-7 shall open accounts with the Banque de France.

The Institut d’émission des départements d’outre-mer (French overseas departments note-issuing bank) studies issues relating to payment periods applied by companies and public bodies in the local authorities referred to in article L. 721-7. It publishes an annual report on trends in payment periods, the factors behind them and the solutions available to reduce them, which is sent to Parliament and the Minister for the Economy. It makes proposals to ensure…