Article 1 Definitions

For the purposes of this Decision:

1. (a)

   ‘accumulated equity value’ means the total of the ECB’s reserves, revaluation accounts and provisions equivalent to reserves as calculated by the ECB as at 31 January 2020 plus the ECB’s accumulated net profit or minus the ECB’s accumulated net loss, as the case may be, from 1 January 2020 until 31 January 2020. The ECB’s reserves and those provisions equivalent to reserves shall include, without limitation to the generality of the accumulated equity value, the general reserve fund and the provision for financial risks;

2. (b)

   ‘transfer date’ means 28 February 2020;

3. (c)

   the ‘ECB’s income on euro banknotes in circulation’ shall have the same meaning as the term ‘ECB’s income on euro banknotes in circulation’ as set out in Article 1(c) of Decision (EU) 2015/298 of the European Central Bank (ECB/2014/57)^f1;

4. (d)

   the ‘ECB’s income from securities’ shall have the same meaning as the term ‘ECB’s income arising from securities’ as set out in Article 1(d) of Decision (EU) 2015/298 (ECB/2014/57).