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in addition , the mutual obligations of the participant and the ecb shall automatically be set off against each other , and the party owing the higher amount shall pay to the other the difference .
in addition , the mutual obligations of the participant and the ecb shall automatically be set off against each other , and the party owing the higher amount shall pay to the other the difference .
Dernière mise à jour : 2011-10-23
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( c ) under algorithm 3 (' multiple ') the ecb shall : ( i ) compare pairs of target2 participants » pm accounts to determine whether queued payment orders can be settled within the available liquidity of the two target2 participants » pm accounts concerned and within the limits set by them ( by starting from the pair of pm accounts with the smallest difference between the payment orders addressed to each other ) , and the cb ( s ) involved shall book those payments simultaneously on the two target2 participants » pm accounts ;
( c ) under algorithm 3 (' multiple ') the ecb shall : ( i ) compare pairs of target2 participants » pm accounts to determine whether queued payment orders can be settled within the available liquidity of the two target2 participants » pm accounts concerned and within the limits set by them ( by starting from the pair of pm accounts with the smallest difference between the payment orders addressed to each other ) , and the cb ( s ) involved shall book those payments simultaneously on the two target2 participants » pm accounts ;
Dernière mise à jour : 2011-10-23
Fréquence d'utilisation : 1
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