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Article 2

United Kingdom

Original text. Later amendments are not shown.

Decision ECB/2010/31 is amended as follows:

  1. (1)

    Article 1 is replaced by the following:

    ‘Opening of cash accounts

    Article 1

    The ECB may, upon request of the NCB of a borrower Member State, open cash accounts in the name of such NCB for the processing of payments in connection with a Loan Facility Agreement or Financial Assistance Facility Agreement (hereinafter an ‘NCB cash account’).’;

  2. (2)

    Article 2 is replaced by the following:

    ‘Acceptance of payments on the cash accounts

    Article 2

    An NCB cash account shall only be used to process payments in connection with a Loan Facility Agreement or Financial Assistance Facility Agreement.’.