Decision (EU) 2024/2939 of the European Central Bank of 14 November 2024 amending Decision (EU) 2016/2248 on the allocation of monetary income of the national central banks of Member States whose currency is the euro (ECB/2016/36) (ECB/2024/33)

• CELEX: Decision (EU) 2024/2939
• Articles: 3

Article 1 Amendment

1.   Article 1(j) of Decision (EU) 2016/2248 (ECB/2016/36) is replaced by the following:

‘(j)

“reference rate” means the latest available interest rate applied to the deposit facility offered by the Eurosystem in accordance with Articles 21 to 23 of Guideline (EU) 2015/510 of the European Central Bank (ECB/2014/60)  ( *1 ) ;

2.   Annexes I and II are amended in accordance with the Annex to this Decision.

Article 2 Entry into force

This Decision shall enter into force on 1 January 2025.

Schedules & Appendices

ANNEX

ANNEX

1.

Annex I of Decision (EU) 2016/2248 (ECB/2016/36) is amended as follows:

(a)

in section A, paragraph 4 is replaced by the following:

‘4.

Net intra-Eurosystem liabilities resulting from TARGET transactions remunerated at the reference rate (liability item 10.2 of the HBS).’;

(b)

in section A, paragraph 6 is deleted.

2.

Annex II of Decision (EU) 2016/2248 (ECB/2016/36) is amended as follows:

(a)

in section A, paragraph 4 is replaced by the following:

‘4.

Net intra-Eurosystem claims resulting from TARGET transactions remunerated at the reference rate (asset item 9.3 of the HBS).’;

(b)

in section A, paragraph 5 is replaced by the following:

‘5.

Net intra-Eurosystem claims on euro banknotes in circulation including those resulting from the application of Article 4 of this Decision (part of asset item 9.4 of the HBS).’;

(c)

in section A, paragraph 8 is replaced by the following:

‘8.

Outstanding claims and securities arising from the default of eligible counterparties or issuers in the context of Eurosystem monetary policy operations, and/or financial assets or claims vis-à-vis third parties appropriated and/or acquired in the context of the realisation of collateral submitted by defaulted Eurosystem counterparties in the context of Eurosystem credit operations reclassified from asset item 5 of the HBS (part of asset item 11.6 of the HBS).’.