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Decision (EU) 2019/1743 of the European Central BankShow full title
Decision (EU) 2019/1743 of the European Central Bank of 15 October 2019 on the remuneration of holdings of excess reserves and of certain deposits (recast) (ECB/2019/31)
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Changes over time for: Article 2
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[F1Article 2 U.K. Remuneration of certain deposits held with the ECB
Accounts maintained with the ECB in accordance with Decision ECB/2003/14 of the European Central Bank (1) , Decision ECB/2010/31 of the European Central Bank (2) , Decision ECB/2010/17 of the European Central Bank (3) and Council Regulation (EU) 2020/672 (4) shall continue to be remunerated at the deposit facility rate. However, when deposits need to be held in those accounts in advance of the date on which a payment must be made in accordance with the legal or contractual rules applicable to the relevant facility, such deposits shall be remunerated during this advance period at zero per cent or the deposit facility rate, whichever is higher.]
Textual Amendments
(1)
[F1Decision ECB/2003/14 of the European Central Bank of 7 November 2003 concerning the administration of the borrowing-and-lending operations concluded by the European Community under the medium-term financial assistance facility ( OJ L 297, 15.11.2003, p. 35 ).]
(2)
[F1Decision ECB/2010/31 of the European Central Bank of 20 December 2010 concerning the opening of accounts for the processing of payments in connection with EFSF loans to Member States whose currency is the euro ( OJ L 10, 14.1.2011, p. 7 ).]
(3)
[F1Decision ECB/2010/17 of the European Central Bank of 14 October 2010 concerning the administration of the borrowing and lending operations concluded by the Union under the European financial stabilisation mechanism ( OJ L 275, 20.10.2010, p. 10 ).]
(4)
[F1Council Regulation (EU) 2020/672 of 19 May 2020 on the establishment of a European instrument for temporary support to mitigate unemployment risks in an emergency (SURE) following the COVID-19 outbreak ( OJ L 159, 20.5.2020, p. 1 ).]
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