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)
THE EXECUTIVE BOARD OF THE EUROPEAN CENTRAL BANK,
Having regard to the Treaty on the Functioning of the European Union, and in particular the first and fourth indents of Article 127(2) thereof,
Having regard to the Statute of the European System of Central Banks and of the European Central Bank, and in particular Article 3.1 and Articles 17, 18 and 22 thereof,
Whereas:
(1)
On 22 September 2017, the Governing Council amended Guideline ECB/2012/27 , in order to: (a) reflect in the TARGET2 legal framework the decision of the Governing Council of 9 June 2016 harmonising the remuneration of the guarantee funds of financial market infrastructures held with the Eurosystem, (b) reflect that, upon completion of the TARGET2-Securities (T2S) migration plan in September 2017, the integrated model used in settlement procedures for ancillary systems will no longer be offered, (c) introduce a new ancillary system settlement procedure supporting the emergence of a pan-European solution for instant payments (settlement procedure 6 real-time), and (d) clarify certain aspects of Guideline ECB/2012/27.
(2)
To reflect the amendments made to Guideline ECB/2012/27 as regards the terms and conditions of TARGET2-ECB, where necessary, and to clarify a few other points in the terms and conditions, Decision ECB/2007/7 should be amended accordingly,
HAS ADOPTED THIS DECISION:
Guideline ECB/2012/27 of 5 December 2012 on a Trans-European Automated Real-time Gross settlement Express Transfer system (TARGET2) (OJ L 30, 30.1.2013, p. 1).
Decision ECB/2007/7 of 24 July 2007 concerning the terms and conditions of TARGET2-ECB (OJ L 237, 8.9.2007, p. 71).