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Decision (EU) 2015/929 of the European Central BankShow full title
Decision (EU) 2015/929 of the European Central Bank of 26 May 2015 amending Decision ECB/2007/7 concerning the terms and conditions of TARGET2-ECB (ECB/2015/22)
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Article 23Duration and ordinary termination of DCAs
1.Without prejudice to Article 24, a DCA in TARGET2-ECB is opened for an indefinite period of time.
2.A DCA holder may terminate its DCA in TARGET2-ECB at any time giving 14 business days' notice thereof, unless it agrees a shorter notice period with the ECB.
3.The ECB may terminate a DCA holder's DCA in TARGET2-ECB at any time giving three months' notice thereof, unless it agrees a different notice period with that DCA holder.
4.On termination of the DCA, the confidentiality duties laid down in Article 27 remain in force for a period of five years starting on the date of termination.
5.On termination of the DCA, it shall be closed in accordance with Article 25.
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