# 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 23: Duration and ordinary termination of T2S DCAs

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

1. Without prejudice to Article 24, a T2S DCA in TARGET2-ECB is opened for an indefinite period of time.
2. A T2S DCA holder may terminate its T2S DCA in TARGET2-ECB at any time giving 14 business days' notice thereof, unless it agrees a shorter notice period with the ECB.
3. The ECB may terminate a T2S DCA holder's T2S DCA in TARGET2-ECB at any time giving three months' notice thereof, unless it agrees a different notice period with that T2S DCA holder .
4. On termination of the T2S DCA , the confidentiality duties laid down in Article 27 remain in force for a period of five years starting on the date of termination.
5. On termination of the T2S DCA , it shall be closed in accordance with Article 25.

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Source: https://www.legislation.gov.uk/eudn/2007/7/annex/II/article/23 (the official version)
Page: https://openlegislation.uk/eu-decision-2007-7/annex-II/article-23
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.