BCL Circular 2007/215 of 13 December 2007 — Modification of the BCL General Conditions

Luxembourg, 13 December 2007

To all credit institutions and to the financial services of the Post and Telecommunications Company (postal checking account service)

BCL CIRCULAR 2007/215

MODIFICATION OF THE BCL GENERAL CONDITIONS

Ladies and Gentlemen,

Pursuant to Article 1.21 of the General Conditions of Operations, we inform you that the General Conditions of Operations have been modified and that a new Annex 16 has been added to the annexes of the General Conditions of Operations.

The modifications implement a decision of the Governing Council of the European Central Bank concerning the provision of US dollar liquidity to Eurosystem counterparties. This decision was the subject of a press release on 12 December 2007.

The modifications occurred on the following pages:

• General Conditions of Operations: page 6, addition of Annex 16; page 8, Article 1.2, first line;
• Annex 16 "Provision of US dollar liquidity to market counterparties": new annex.

The modified General Conditions of Operations, including the new Annex 16, enter into force on 14 December 2007.

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The updated versions of the aforementioned documents are available from 14 December 2007 on the BCL website: www.bcl.lu.

A printed version of the BCL General Conditions is available upon request.

Please accept, Ladies and Gentlemen, the assurance of our very distinguished sentiments.

CENTRAL BANK OF LUXEMBOURG

The Management

Serge KOLB

Andrée BILLON Yves MERSCH