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Document 02010D0004(01)-20220404
Decision of the European Central Bank of 10 May 2010 concerning the management of pooled bilateral loans for the benefit of the Hellenic Republic and amending Decision ECB/2007/7 (ECB/2010/4) (2010/275/EU)
Consolidated text: Decision of the European Central Bank of 10 May 2010 concerning the management of pooled bilateral loans for the benefit of the Hellenic Republic and amending Decision ECB/2007/7 (ECB/2010/4) (2010/275/EU)
Decision of the European Central Bank of 10 May 2010 concerning the management of pooled bilateral loans for the benefit of the Hellenic Republic and amending Decision ECB/2007/7 (ECB/2010/4) (2010/275/EU)
02010D0004(01) — EN — 04.04.2022 — 001.001
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DECISION OF THE EUROPEAN CENTRAL BANK of 10 May 2010 concerning the management of pooled bilateral loans for the benefit of the Hellenic Republic and amending Decision ECB/2007/7 (ECB/2010/4) (OJ L 119 13.5.2010, p. 24) |
Amended by:
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DECISION (EU) 2022/435 OF THE EUROPEAN CENTRAL BANK of 8 March 2022 |
L 88 |
196 |
16.3.2022 |
DECISION OF THE EUROPEAN CENTRAL BANK
of 10 May 2010
concerning the management of pooled bilateral loans for the benefit of the Hellenic Republic and amending Decision ECB/2007/7
(ECB/2010/4)
(2010/275/EU)
Article 1
Amendment to Decision ECB/2007/7
Article 1(2) of Decision ECB/2007/7 is replaced by the following:
Article 2
Opening of an account
The ECB shall, in connection with the Loan Facility Agreement, and upon request by the European Commission, open an account in the name of the Lenders.
Article 3
Acceptance of payments on the account
The ECB shall only accept payments to be made from or to the account in the name of the Lenders, if those payments arise in connection with the Loan Facility Agreement.
Article 4
Acceptance of instructions
The ECB shall, in relation to the account in the name of the Lenders, only accept and act upon the European Commission’s instructions and shall not accept any instructions from an individual Lender.
Article 5
Remuneration
The account maintained with the ECB in the name of the Lenders shall be remunerated as follows:
if the deposit facility rate on the relevant calendar day is zero or higher (positive), at zero per cent or the euro short-term rate (€STR), whichever is lower;
if the deposit facility rate on the relevant calendar day is lower than zero (negative), at the deposit facility rate or the euro short-term rate (€STR), whichever is lower.
Article 6
Entry into force
This Decision shall enter into force on 12 May 2010.