{
  "url": "https://openlegislation.uk/eu-decision-2020-140/article-5",
  "json_url": "https://openlegislation.uk/eu-decision-2020-140/article-5.json",
  "legislation": "eudn/2020/140",
  "legislation_title": "Decision (EU) 2020/140 of the European Central Bank of 22 January 2020 laying down the measures necessary for the contribution to the European Central Bank’s accumulated equity value and for adjusting the national central banks’ claims equivalent to the transferred foreign reserve assets and repealing Decision (EU) 2019/46 (ECB/2020/6)",
  "legislation_url": "https://openlegislation.uk/eu-decision-2020-140",
  "path": "article/5",
  "kind": "article",
  "number": "5",
  "heading": "General provisions",
  "text": "1. The interest accruing under Article 2(5), Article 3(4) and Article 4(6) shall be calculated on a daily basis, using the actual-over-360-day method of calculation, at a rate equal to the latest available marginal interest rate used by the Eurosystem in its tenders for main refinancing operations.\n2. Each transfer pursuant to Article 2(1), (2) and (5), Article 3(3) and (4) and Article 4(6) and (7) shall take place separately through TARGET2.\n3. The ECB and the euro area NCBs that are under an obligation to effect any of the transfers referred to in paragraph 2 shall, in due course, give the necessary instructions for duly executing such transfers on time.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudn/2020/140/article/5",
    "retrieved_at": "2026-11-01T15:12:23.730720+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}