Decision (EU) 2022/435 of the European Central Bank of 8 March 2022 amending Decision 2010/275/EU concerning the management of pooled bilateral loans for the benefit of the Hellenic Republic (ECB/2022/9)

Article 5 of Decision 2010/275/EU (ECB/2010/4) is replaced by the following:

Article 5

Remuneration

The account maintained with the ECB in the name of the Lenders shall be remunerated as follows:

(a) if the deposit facility rate on the relevant calendar day is zero or higher (positive), at zero per cent or the euro short-term rate (€STR), whichever is lower;

(b) if the deposit facility rate on the relevant calendar day is lower than zero (negative), at the deposit facility rate or the euro short-term rate (€STR), whichever is lower..

Article 2

Entry into force

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

It shall apply from 4 April 2022.

Done at Frankfurt am Main, 8 March 2022.

The President of the ECB

Christine Lagarde