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Decision (EU) 2020/1264 of the European Central Bank of 8 September 2020 amending Decision (EU) 2019/1743 of the European Central Bank on the remuneration of holdings of excess reserves and of certain deposits (ECB/2020/38)

Decision (EU) 2020/1264 of the European Central Bank of 8 September 2020 amending Decision (EU) 2019/1743 of the European Central Bank on the remuneration of holdings of excess reserves and of certain deposits (ECB/2020/38)

Decision (EU) 2020/1264 Β· Decision Β· 2 articles

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

Article 1

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Article 2 of Decision (EU) 2019/1743 (ECB/2019/31) is replaced as follows: β€˜Article 2 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 Β ( *1 ) , Decision ECB/2010/31 of the European Central Bank Β ( *2 ) , Decision ECB/2010/17 of the European Central Bank Β ( *3 ) and Council Regulation (EU) 2020/672 Β ( *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.

Entry into force

Article 2

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This Decision shall enter into force on the fifth day following that of its publication in the Official Journal of the European Union. It shall apply from the sixth reserve maintenance period of 2020 starting on 16 September 2020.

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Source: EUR-Lex (Publications Office of the EU), Β© European Union, reuse permitted under Commission Decision 2011/833/EU.

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