The BIS is an international organization fostering the cooperation of central banks and international financial institutions. The BIS does not accept deposits from or generally provide financial services to private individuals or corporate entities. The BIS functions as a forum for international monetary and financial cooperation, with the services offered by the BIS in hosting meetings of central bankers and in providing facilities for various committees, both standing and ad hoc, making a significant contribution to the promotion of international financial stability; a bank for central banks, providing a broad range of financial services for managing their external reserves; a center for monetary and economic research, contributing to a better understanding of international financial markets and the interaction of national monetary and financial policies; an agent or trustee, facilitating the implementation of various international financial agreements.