Article 1, Point (2) · ECB/2023/9

Contents

(2)paragraph 2 is replaced by the following:‘2.The rate specified in paragraph 1 shall also apply to the dedicated account maintained with the ECB in accordance with Article 13(2) of Commission Implementing Decision of 14 April 2021 establishing the necessary arrangements for the administration of the borrowing operations under Council Decision (EU, Euratom) 2020/2053 and for the lending operations related to loans granted in accordance with Article 15 of Regulation (EU) 2021/241 of the European Parliament and of the Council^note and used for the purposes of prudential cash holdings in relation to:

(a)NextGenerationEU (“NGEU”);

(b)the Instrument for providing support to Ukraine for 2023 (macro-financial assistance+)^note;

(c)any other European Union financing programme which the ECB and the Commission may agree to include.

However, an aggregate amount of deposits held in that dedicated account not exceeding EUR 20 billion shall be remunerated at zero per cent or the euro short-term rate (€STR) minus 20 basis points, whichever is higher.