{
  "url": "https://openlegislation.uk/eu-decision-2007-7/annex-III/article-15",
  "json_url": "https://openlegislation.uk/eu-decision-2007-7/annex-III/article-15.json",
  "legislation": "eudn/2007/7",
  "legislation_title": "Decision of the European Central Bank of 24 July 2007 concerning the terms and conditions of TARGET2-ECB (ECB/2007/7) (2007/601/EC)",
  "legislation_url": "https://openlegislation.uk/eu-decision-2007-7",
  "path": "annex/III/article/15",
  "kind": "article",
  "number": "15",
  "heading": "Opening and management of TIPS DCAs",
  "text": "1. The ECB shall open and operate at least one TIPS DCA for each TIPS DCA holder. A TIPS DCA shall be identified by means of a unique account number of up to 34 characters which will be structured as follows.\nName\nFormat\nContent\nPart A\nAccount type\n1 char. exactly\n‘ I ’ for instant payment account\nCountry code of the central bank\n2 char. exactly\nISO country code\n3166-1\nCurrency code\n3 char. exactly\nEUR\nPart B\nAccount holder\n11 char. exactly\nBIC\nPart C\nSub-classification of the account\nUp to 17 char.\nFree text (alphanumeric) to be provided by the TIPS DCA holder\n2. No debit balance shall be allowed on TIPS DCAs.\n3. For the purpose of remuneration of overnight balances the TIPS DCA holder shall link its TIPS DCA with a PM account which it holds with ECB.\n4. TIPS DCAs shall either be remunerated at 0 % or the deposit facility rate, whichever is lower.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Inserted by Decision (EU) 2018/1625 of the European Central Bank of 8 October 2018 amending Decision ECB/2007/7 concerning the terms and conditions of TARGET2-ECB (ECB/2018/24)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudn/2007/7/annex/III/article/15",
    "retrieved_at": "2026-11-01T15:17:18.350563+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}