[F1 Article 3a U.K. Remuneration of Guarantee Funds

1. ‘ Guarantee Funds ’ means funds provided by an ancillary system's participants, to be used in the event of the failure, for whatever reason, of one or more participants to meet their payment obligations in the ancillary system.

2. Guarantee Funds shall be remunerated at the deposit facility rate.]

Textual Amendments

F1 Inserted by Decision (EU) 2017/2081 of the European Central Bank of 10 October 2017 amending Decision ECB/2007/7 concerning the terms and conditions of TARGET2-ECB (ECB/2017/30).