Article 2, Paragraph 4. · ECB/2024/11

Contents

4.The remuneration of deposits held with the ECB falling within the scope of Decision (EU) 2019/1743 (ECB/2019/31) shall be as follows:

(a)for accounts maintained in accordance with Decisions ECB/2003/14^note, ECB/2010/4^note, ECB/2010/17^note and ECB/2010/31^note of the European Central Bank, and Council Regulation (EU) 2020/672^note:

(i)€STR minus 20 basis points, except where point (ii) applies;

(ii)during any period when deposits need to be held in the relevant accounts in advance of the date on which a payment must be made in accordance with the legal or contractual rules applicable to the relevant facility: either zero percent or €STR minus 20 basis points, whichever is higher;

(b)for other deposit accounts for the European Stability Mechanism and for the European Financial Stability Facility not covered under point (a): €STR minus 20 basis points;

(c)for the dedicated account maintained 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 the NextGenerationEU program, the Instrument for providing support to Ukraine for 2023 (macro-financial assistance+)^note, or other Union financing programmes as agreed by the ECB and the European Commission:

(i)€STR minus 20 basis points, except where point (ii) applies;

(ii)for an aggregated amount of deposits not exceeding EUR 20 billion: either zero percent or €STR minus 20 basis points, whichever is higher.

(d)for the dedicated account maintained with the ECB for the purposes of receiving, holding and making transfers of amounts that are allocated to the Ukraine Loan Cooperation Mechanism – established by Regulation (EU) 2024/2773 of the European Parliament and of the Council^note – pursuant to Article 4(1) of that Regulation, for the purpose of Article 5(1), point (a), thereof, and subject to the provisions of Article 8(4) thereof: €STR minus 20 basis points.