# Decision of the European Central Bank of 31 October 2011 amending Decision ECB/2010/15 concerning the administration of EFSF loans to Member States whose currency is the euro, and amending Decision ECB/2010/31 concerning the opening of accounts for the processing of payments in connection with EFSF loans to Member States whose currency is the euro (ECB/2011/16) (2011/728/EU), Article 2

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

Decision ECB/2010/31 is amended as follows:
(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) 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.’.

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Source: https://www.legislation.gov.uk/eudn/2011/16/article/2 (the official version)
Page: https://openlegislation.uk/eu-decision-2011-16/article-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.