[F1Article 12 U.K. Opening and management of the [F2T2S DCA]
1. The ECB shall open and operate at least one [F2T2S DCA for each [F2T2S DCA holder] . A T2S DCA] shall be identified [F2by means of a unique account number of up to 34 characters] which will be structured as follows.
| Name | Format | Content | |
|---|---|---|---|
| Part A | Account type | 1 char. exactly | ‘ C ’ for cash account |
| Country code of the central bank | 2 char. exactly | ISO country code 3166-1 | |
| Currency code | 3 char. exactly | EUR | |
| Part B | Account holder | 11 char. exactly | BIC Code |
| Part C | Sub-classification of the account | Up to 17 char. | Free text (alphanumeric) to be provided by the [F2T2S DCA holder] |
2. No debit balance shall be allowed on [F2T2S DCAs] .
3. The [F2T2S DCA] shall not hold any funds overnight. At the beginning and end of a business day, there shall be a zero balance on the [F2T2S DCAs] . [F2T2S DCA holders] shall be deemed to have instructed the ECB to transfer any remaining balance at the end of a business day as defined in Appendix V to the Main PM account referred to in Article 11(1).
4. The [F2T2S DCA] shall only be used within the period between the T2S start-of-day and T2S end-of-day as defined in the T2S User Detailed Functional Specifications (UDFS).
5. [F2T2S DCAs] shall be interest free.]