# Decision of the European Central Bank of 24 July 2007 concerning the terms and conditions of TARGET2-ECB (ECB/2007/7) (2007/601/EC), Article 12: Opening and management of the T2S DCA

Extent: E+W+S+N.I.

1. The ECB shall open and operate at least one T2S DCA for each T2S DCA holder . A T2S DCA shall be identified by means of a unique account number of up to 34 characters which will be structured as follows.
Name
Format
Content
Part A
Account type
1 char. exactly
‘ C ’ for cash account
Country code of the central bank
2 char. exactly
ISO country code 3166-1
Currency code
3 char. exactly
EUR
Part B
Account holder
11 char. exactly
BIC Code
Part C
Sub-classification of the account
Up to 17 char.
Free text (alphanumeric) to be provided by the T2S DCA holder
2. No debit balance shall be allowed on T2S DCAs .
3. The T2S DCA shall not hold any funds overnight. At the beginning and end of a business day, there shall be a zero balance on the T2S DCAs . T2S DCA holders shall be deemed to have instructed the ECB to transfer any remaining balance at the end of a business day as defined in Appendix V to the Main PM account referred to in Article 11(1).
4. The T2S DCA shall only be used within the period between the T2S start-of-day and T2S end-of-day as defined in the T2S User Detailed Functional Specifications (UDFS).
5. T2S DCAs shall be interest free.

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Source: https://www.legislation.gov.uk/eudn/2007/7/annex/II/article/12 (the official version)
Page: https://openlegislation.uk/eu-decision-2007-7/annex-II/article-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.