Article 4 Reserve ratios

United Kingdom

A reserve ratio of 0 % shall apply to the following liability categories (as defined within the ECB’s reporting framework F2for money and banking statistics in F3Regulation (EU) No 1071/2013 (ECB/2013/33) ):

(a)

deposits with agreed maturity over two years;

(b)

deposits redeemable at notice over two years;

(c)

repos;

(d)

debt securities issued with an original maturity over two years.

F42.

A reserve ratio of 1 % shall apply to all other liabilities included in the reserve base.

Annotations

Textual amendments

F1: Substituted by Regulation (EC) No 1052/2008 of the European Central Bank of 22 October 2008 amending Regulation (EC) No 1745/2003 (ECB/2003/9) on the application of minimum reserves (ECB/2008/10).
F2: Deleted by Regulation (EU) 2016/1705 of the European Central Bank of 9 September 2016 amending Regulation (EC) No 1745/2003 (ECB/2003/9) on the application of minimum reserves (ECB/2016/26).
F3: Substituted by Regulation (EU) No 1376/2014 of the European Central Bank of 10 December 2014 amending Regulation (EC) No 1745/2003 on the application of minimum reserves (ECB/2003/9) (ECB/2014/52).
F4: Substituted by Regulation (EU) No 1358/2011 of the European Central Bank of 14 December 2011 amending Regulation (EC) No 1745/2003 on the application of minimum reserves (ECB/2003/9) (ECB/2011/26).