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if a limit is changed to zero , it shall not be possible to change it again on the same business day .
if a limit is changed to zero , it shall not be possible to change it again on the same business day .
Last Update: 2011-10-23
Usage Frequency: 1
Quality:
if a payment order cannot be settled on the same business day on which it was accepted due to a technical malfunction of target2 , the ecb shall offer to compensate the direct participants concerned in accordance with the special procedure laid down in appendix ii .
if a payment order cannot be settled on the same business day on which it was accepted due to a technical malfunction of target2 , the ecb shall offer to compensate the direct participants concerned in accordance with the special procedure laid down in appendix ii .
Last Update: 2011-10-23
Usage Frequency: 1
Quality:
title vii compensation , liability regime and evidence article 24 compensation scheme if a payment order cannot be settled on the same business day on which it was accepted due to a technical malfunction of target2 , the ecb shall offer to compensate the direct participants concerned in accordance with the special procedure laid down in appendix ii .
title vii compensation , liability regime and evidence article 24 compensation scheme if a payment order cannot be settled on the same business day on which it was accepted due to a technical malfunction of target2 , the ecb shall offer to compensate the direct participants concerned in accordance with the special procedure laid down in appendix ii .
Last Update: 2011-10-23
Usage Frequency: 1
Quality:
this facility authorises these entities to submit their payment orders through the direct participant 's pm account without that participant 's involvement , --- « network service provider » means the undertaking appointed by the ecb 's governing council to provide computerised network connections for the purpose of submitting payment messages in target2 , --- « non-settled payment order » means a payment order that is not settled on the same business day as that on which it is accepted , --- « participant » ( or « direct participant ') means an entity that holds at least one pm account with the ecb , --- « participant interface ( pi ) » means the technical device allowing direct participants to submit and settle payment orders via the services offered in the pm , --- « payee » means a target2 participant whose pm account will be credited as a result of a payment order being settled , --- « payer » means a target2 participant whose pm account will be debited as a result of a payment order being settled , --- « payment instruction » or « as payment instruction » means a credit instruction or a debit instruction , --- « payment order » means a credit transfer order , a liquidity transfer order or a direct debit instruction , --- « payments module ( pm ) » means an ssp module in which payments of target2 participants are settled on pm accounts , --- « pm account » means an account held by a target2 participant in the pm with a cb which is necessary for such target2 participant to : ( a ) submit payment orders or receive payments via target2 ;
this facility authorises these entities to submit their payment orders through the direct participant 's pm account without that participant 's involvement , --- « network service provider » means the undertaking appointed by the ecb 's governing council to provide computerised network connections for the purpose of submitting payment messages in target2 , --- « non-settled payment order » means a payment order that is not settled on the same business day as that on which it is accepted , --- « participant » ( or « direct participant ') means an entity that holds at least one pm account with the ecb , --- « participant interface ( pi ) » means the technical device allowing direct participants to submit and settle payment orders via the services offered in the pm , --- « payee » means a target2 participant whose pm account will be credited as a result of a payment order being settled , --- « payer » means a target2 participant whose pm account will be debited as a result of a payment order being settled , --- « payment instruction » or « as payment instruction » means a credit instruction or a debit instruction , --- « payment order » means a credit transfer order , a liquidity transfer order or a direct debit instruction , --- « payments module ( pm ) » means an ssp module in which payments of target2 participants are settled on pm accounts , 2007d0007 --- en --- 12.05.2010 --- 003.001 --- 7 ▼b --- « pm account » means an account held by a target2 participant in the pm with a cb which is necessary for such target2 participant to : ( a ) submit payment orders or receive payments via target2 ;
Last Update: 2011-10-23
Usage Frequency: 1
Quality:
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