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the participant shall be responsible for sending such backup lump sum payments exclusively to other participants with which it has bilaterally agreed on the use of such payments and for any further steps in relation to such payments .
the participant shall be responsible for sending such backup lump sum payments exclusively to other participants with which it has bilaterally agreed on the use of such payments and for any further steps in relation to such payments .
and allows participants to initiate backup lump sum and backup contingency payments in the event of a failure of the participant 's payment infrastructure .
and allows participants to initiate backup lump sum and backup contingency payments in the event of a failure of the participant 's payment infrastructure .
if a participant decides to use the icm functionality for making backup lump sum payments , the ecb shall , if the participant so requests , open this functionality via the icm .
if a participant decides to use the icm functionality for making backup lump sum payments , the ecb shall , if the participant so requests , open this functionality via the icm .