2009/555/EC: Decision of the European Central Bank of 19 June 2009 amending Decision ECB/2003/14 concerning the administration of the borrowing-and-lending operations concluded by the European Community under the medium-term financial assistance facility (ECB/2009/17)

Payments connected with the European Community's borrowing-and-lending operations shall be effected through accounts in the ECB's name and/or, having regard to the borrowing-and-lending arrangements between the European Community and the Member State in question, through accounts opened with the ECB in the name of the national central bank of that Member State or in the name of the Commission of the European Communities.’;

The ECB shall record each borrowing and lending operation in its books on the following accounts in euro: (a) an account on the liabilities side for recording the funds received for the account of the European Community and their transfer to the national central bank of the Member State receiving the corresponding loan; (b) a memorandum account, entitled “European Community liabilities in respect of European Community borrowing operations”, divided, where applicable, into sub-accounts corresponding to the individual creditors in respect of borrowing arrangements; (c) a memorandum account, entitled “European Community claims in respect of European Community lending operations”.’;

The ECB shall book the financial operations described in Article 3 on their value date by debiting or crediting the accounts referred to in this Decision.’;

1 The ECB shall check the transfer dates and the due dates laid down in the borrowing-and-lending arrangements for the payment of interest and the repayment of the principal.

2 At least 15 calendar days before each transfer date the ECB shall notify the national central bank of the Member State that is in debt to the European Community.’

The Executive Board of the ECB shall make all the arrangements necessary to give effect to this Decision.

This Decision shall enter into force on the day following its publication in the Official Journal of the European Union.