2010/275/: 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)
Data as of 2026-07-04 Β· Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. Β· Read the official text β
Amendment to Decision ECB/2007/7
Article 1(2) of Decision ECB/2007/7 is replaced by the following: β2.Β Β Β The ECB may only accept central banks, European and international organisations, and, pursuant to an ad-hoc decision of the Governing Council, central governments of the European Union Member States or public entities designated by such central governments to act on their behalf as customers.β
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.
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.
Acceptance of instructions
The ECB shall, in relation to the account in the name of the Lenders, only accept and act upon the European Commissionβs instructions and shall not accept any instructions from an individual Lender.
Remuneration
The ECB shall pay interest on the balance of the account in the name of the Lenders in an amount equivalent to the applicable ECB deposit facility rate on an actual/360 basis.
Entry into force
This Decision shall enter into force on 12 May 2010.
Source: EUR-Lex (Publications Office of the EU), Β© European Union, reuse permitted under Commission Decision 2011/833/EU.