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or incoming payments from other target2 participants , subject to the applicable optimisation procedures .
or incoming payments from other target2 participants , subject to the applicable optimisation procedures .
Last Update: 2011-10-23
Usage Frequency: 1
Quality:
or ( b ) incoming payments from other target2 participants , subject to the applicable optimisation procedures .
or ( b ) incoming payments from other target2 participants , subject to the applicable optimisation procedures .
Last Update: 2011-10-23
Usage Frequency: 1
Quality:
and ( c ) is a correspondent or customer of a direct participant or a branch of a direct or indirect participant , and is able to submit payment orders to and receive payments from a target2 component system via the direct participant ,
and ( c ) is a correspondent or customer of a direct participant or a branch of a direct or indirect participant , and is able to submit payment orders to and receive payments from a target2 component system via the direct participant ,
Last Update: 2011-10-23
Usage Frequency: 1
Quality:
if a participant sets a multilateral limit , it instructs the ecb that an accepted payment order shall not be settled if the sum of its outgoing normal payment orders to all target2 participants » pm accounts in relation to which no bilateral limit has been set , minus the sum of all incoming urgent and normal payments from such pm accounts would exceed this multilateral limit .
if a participant sets a multilateral limit , it instructs the ecb that an accepted payment order shall not be settled if the sum of its outgoing normal payment orders to all target2 participants » pm accounts in relation to which no bilateral limit has been set , minus the sum of all incoming urgent and normal payments from such pm accounts would exceed this multilateral limit .
Last Update: 2011-10-23
Usage Frequency: 1
Quality:
and ( c ) is a correspondent or customer of a direct participant or a branch of a direct or indirect participant , and is able to submit payment orders to and receive payments from a target2 component system via the direct participant , « ancillary system ( as ) » means a system managed by an entity that is subject to supervision and / or oversight by a competent authority , in which payments and / or financial instruments are exchanged and / or cleared while the resulting monetary obligations are settled in target2 in accordance with guideline ecb / 2007/2 and a bilateral arrangement between the ancillary system and the relevant cb , « ancillary system central bank ( ascb ) » means the eurosystem cb with which the relevant as has a bilateral arrangement for the settlement of as payment instructions in the pm , « ancillary system interface ( asi ) » means the technical device allowing an as to use a range of special , predefined services for the submission and settlement of as payment instructions , « available liquidity » ( or « liquidity ') means a credit balance on a target2 participant 's pm account and , if applicable , any intraday credit line granted by the relevant cb in relation to such account , « banking directive » means directive 2006/48 / ec of the european parliament and of the council of 14 june 2006 relating to the taking up and pursuit of the business of credit institutions ( recast ) ( 1 ) ;
and ( c ) is a correspondent or customer of a direct participant or a branch of a direct or indirect participant , and is able to submit payment orders to and receive payments from a target2 component system via the direct participant , « ancillary system ( as ) » means a system managed by an entity that is subject to supervision and / or oversight by a competent authority , in which payments and / or financial instruments are exchanged and / or cleared while the resulting monetary obligations are settled in target2 in accordance with guideline ecb / 2007/2 and a bilateral arrangement between the ancillary system and the relevant cb , « ancillary system central bank ( ascb ) » means the eurosystem cb with which the relevant as has a bilateral arrangement for the settlement of as payment instructions in the pm , « ancillary system interface ( asi ) » means the technical device allowing an as to use a range of special , predefined services for the submission and settlement of as payment instructions , « available liquidity » ( or « liquidity ') means a credit balance on a target2 participant 's pm account and , if applicable , any intraday credit line granted by the relevant cb in relation to such account , « banking directive » means directive 2006/48 / ec of the european parliament and of the council of 14 june 2006 relating to the taking up and pursuit of the business of credit institutions ( recast ) ( 1 ) ;
Last Update: 2011-10-23
Usage Frequency: 1
Quality:
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