Interlayer exchange coupling is an interaction that favors particular relative orientations of magnetization in different magnetic layers. In a metallic multilayer, spacer electrons can mediate coupling even when a nonmagnetic layer separates the magnets.
A simple model writes energy per area as . Positive favors parallel alignment and negative favors antiparallel alignment. Spacer material and thickness affect the coupling; magnetic-field sweeps can reveal the field needed to overcome it. Correlated interface roughness can instead produce orange-peel coupling, so a preferred alignment alone does not uniquely establish exchange mediation. [ref]
Electrons reflected by two magnetic interfaces can mediate an interaction across a nonmagnetic metal spacer. The phase accumulated on traversing the spacer varies with its thickness, producing oscillatory contributions to from Fermi surface spanning vectors. In the sign convention in the title, positive favours parallel moments and negative antiparallel moments. Multiple periods, interface phase shifts, disorder and finite temperature prevent a universal sign rule based on thickness alone.

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