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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)

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)

Decision (EU) 2024/2939 · Decision · 3 articles

Data as of 2026-07-04 · Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗

Amendment

Article 1

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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.

Entry into force

Article 2

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This Decision shall enter into force on 1 January 2025.

Supplementary provisions

ANNEXSupplementary provisions

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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).’.

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

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