Article 2
United Kingdom
Decision ECB/2010/31 is amended as follows:
- (1)
Article 1 is replaced by the following:
‘Opening of cash accounts
Article 1The 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)
Article 2 is replaced by the following:
‘Acceptance of payments on the cash accounts
Article 2An NCB cash account shall only be used to process payments in connection with a Loan Facility Agreement or Financial Assistance Facility Agreement.’.