# 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 3a: Remuneration of Guarantee Funds

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

1. ‘ Guarantee Funds ’ means funds provided by an ancillary system's participants, to be used in the event of the failure, for whatever reason, of one or more participants to meet their payment obligations in the ancillary system.
2. Guarantee Funds shall be remunerated at the deposit facility rate.

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Source: https://www.legislation.gov.uk/eudn/2007/7/article/3a (the official version)
Page: https://openlegislation.uk/eu-decision-2007-7/article-3a
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.