# Regulation (EC) No 1745/2003 of the European Central Bank of 12 September 2003 on the application of minimum reserves (ECB/2003/9), Article 4: Reserve ratios

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

1. A reserve ratio of 0 % shall apply to the following liability categories (as defined within the ECB’s reporting framework for money and banking statistics in Regulation (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.
2. A reserve ratio of 1 % shall apply to all other liabilities included in the reserve base.

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Source: https://www.legislation.gov.uk/eur/2003/1745/article/4 (the official version)
Page: https://openlegislation.uk/eu-regulation-2003-1745/article-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.