Where the European Central Bank or the national central banks receive from the public sector, for collection, cheques issued by third parties and credit the public sector's account before the drawee bank has been debited, this operation shall not be considered as a credit facility within the meaning of Article 104 of the Treaty if a fixed period of time corresponding to the normal period for the collection of cheques by the central bank of the Member State concerned has elapsed since receipt of the cheque, provided that any float which may arise is exceptional, is of a small amount and averages out in the short term.
V smislu člena 104 Pogodbe ne šteje za kreditiranje, če Evropska centralna banka ali nacionalne centralne banke od javnega sektorja sprejmejo v vnovčitev čeke, izdane s strani tretjih oseb, in jih knjižijo v dobro računa javnega sektorja, še preden je bila obremenjena izplačilna banka, če je rok, ki je potekel od sprejema čeka, v skladu z običajnim rokom za vnovčitev čekov s strani centralne banke zadevne države članice, tako da so morebitni dobički iz naslova valutacije izrednega značaja, zadevajo manjše zneske in jih je mogoče izravnati v krajšem času.