Article 3, Paragraph 3. · ECB/2023/33

Contents

1. The transfers described in Article 2 shall take place thro…
2. Where an NCB does not have access to TARGET, the amounts d…
3. Any interest accruing under Article 2(2) shall be calculat…
4. The ECB and the NCBs that are under an obligation to make…

3.Any interest accruing under Article 2(2) shall be calculated on a daily basis, using the actual-over-360-day method of calculation, at a rate equal to the latest available marginal interest rate used by the Eurosystem in its tenders for main refinancing operations.