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Decision (EU) 2015/2202 of the European Central Bank (repealed)Dangos y teitl llawn

Decision (EU) 2015/2202 of the European Central Bank of 19 November 2015 amending Decision ECB/2010/23 on the allocation of monetary income of the national central banks of Member States whose currency is the euro (ECB/2015/37) (repealed)

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Article 1Amendments

Decision ECB/2010/23 is amended as follows:

1.

Article 3(1) is replaced by the following:

‘1.The amount of each NCB's monetary income shall be determined by measuring the actual income that derives from the earmarkable assets recorded in its books. As exceptions thereto:

(a)gold shall not be considered to generate income;

(b)the following shall be considered to generate monetary income at the reference rate:

(i)

securities held for monetary policy purposes under Decision ECB/2009/16(1);

(ii)

securities held for monetary policy purposes under Decision ECB/2011/17(2);

(iii)

debt instruments issued by central governments and recognised agencies and substitute debt instruments issued by public non-financial corporations held for monetary policy purposes under Decision (EU) 2015/774 of the European Central Bank (ECB/2015/10)(3).’;

2.

in paragraph A of Annex I, the following point 8 is added:

‘8.Liabilities vis-à-vis the ECB backing a claim that relates to swap agreements between the ECB and a non-Eurosystem central bank which earn net income for the Eurosystem (part of off-balance-sheet liabilities).’;

3.

in paragraph A of Annex II, the following point 10 is added:

‘10.Claims on euro area counterparties that relate to swap agreements between the ECB and a non-Eurosystem central bank which earn net income for the Eurosystem (part of asset item 3.1 of the HBS).’.

Article 2Entry into force

This Decision shall enter into force on 31 December 2015.

Done at Frankfurt am Main, 19 November 2015.

The President of the ECB

Mario Draghi

Yn ôl i’r brig

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