Common use of Minimum reserves Clause in Contracts

Minimum reserves. 1. Upon request of a participant subject to a minimum reserve requirement, the NBB shall mark one or more MCAs or DCAs belonging to that participant in TARGET-BE as held for the purpose of fulfilling minimum reserve requirements. 2Guideline (EU) 2019/671 of the European Central Bank of 9 April 2019 on domestic asset and liability management operations by the national central banks (ECB/2019/7) (OJ L 113, 29.04.2019, p. 11). 3Council Regulation (EC) No 2531/98 of 23 November 1998 concerning the application of minimum reserves by the European Central Bank (OJ L 318, 27.11.1998, p. 1). 4Decision (EU) 2019/1743 of the European Central Bank of 15 October 2019 on the remuneration of holdings of excess reserves and of certain deposits (ECB/2019/31) (OJ L 267, 21.10.2019, p. 12). 2. For the purpose of fulfilment of minimum reserve requirements, where applicable to the participant, the sum of the end-of-day balances of all accounts held by that participant with the NBB and marked for that purpose, shall be taken into account.