Decision (EU) 2022/435 of the European Central Bank of 8 March 2022 amending Decision 2010/275/EU concerning the management of pooled bilateral loans for the benefit of the Hellenic Republic (ECB/2022/9)

• CELEX: Decision (EU) 2022/435
• Articles: 2

Article 1 Amendment

Article 5 of Decision 2010/275/EU (ECB/2010/4) is replaced by the following:

‘Article 5

Remuneration

The account maintained with the ECB in the name of the Lenders shall be remunerated as follows:

(a)

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;

(b)

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 2 Entry into force

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 4 April 2022.