
Article 1 
Article 22 of Regulation (EU) 2015/323 is replaced by the following:
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Article 22 

1. Calls for contributions shall first use up the amounts laid down for previous European Development Funds, one after the other.
2. The contributions of the Member States shall be expressed in euro and shall be paid in euro.
3. The contribution referred to in point (a) of Article 21(7) shall be credited by each Member State to a special account entitled “European Commission — European Development Fund” opened with the central bank of the relevant Member State or the financial institution designated by it. The amount of such contributions shall remain in those special accounts until the payments need to be made.
4. The account referred to in paragraph 3 shall be kept free of any charge and interest.
5. Where negative interest is applied to the account referred to in paragraph 3, the Member State concerned shall, at the latest on the date of payment of each instalment referred to in Article 21, credit the account with an amount corresponding to the amount of such negative interest applied until the first day of the month preceding the payment of the instalment.
6. Without prejudice to paragraph 7, the Commission shall endeavour to make any withdrawals from the special accounts in such a way as to maintain a distribution of assets in those accounts that corresponds to the contribution key pursuant to point (a) of Article 1(2) of the Internal Agreement.
7. When covering the EDF cash resource requirements in accordance with paragraph 3, the Commission shall aim to reduce the impact of the obligation on Member States to credit amounts of negative interest pursuant to paragraph 5 by drawing with priority on the sums credited to the accounts concerned.
8. The contribution referred to in point (b) of Article 21(7) shall be credited by each Member State in accordance with Article 53(1).'.
Article 2 
This Regulation shall enter into force on the third day following that of its publication in the Official Journal of the European Union.
This Regulation shall be binding in its entirety and directly applicable in all Member States.Done at Luxembourg, 6 June 2016.
For the Council
The President
H.G.J. KAMP