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dca to pm liquidity transfer orders.”;
dca to pm liquidity transfer orders.’;

pm to tips dca liquidity transfer orders.”;
pm to tips dca liquidity transfer orders.’;

pm to t2s dca liquidity transfer orders; and”;
pm to t2s dca liquidity transfer orders; and’;

nlo (net liquidity outflow) wypływy płynności netto
nlo net liquidity outflow

definicja terminu „available liquidity” otrzymuje brzmienie:
the definition of ‘available liquidity’ is replaced by the following:

by means of a pm to dca liquidity transfer order.”;
by means of a pm to dca liquidity transfer order.’;

liquidity transfer orders initiated via the icm are urgent payment orders .
liquidity transfer orders initiated via the icm are urgent payment orders .

if this is not the case , only the liquidity available on the pm account shall be reserved .
if this is not the case , only the liquidity available on the pm account shall be reserved .

the rest of the requested liquidity shall be reserved if additional liquidity becomes available ."
the rest of the requested liquidity shall be reserved if additional liquidity becomes available .'

participants may predefine via the icm the default amount of liquidity set aside for ancillary system settlement .
participants may predefine via the icm the default amount of liquidity set aside for ancillary system settlement .

participants may predefine the default amount of liquidity reserved for highly urgent or urgent payment orders via the icm .
participants may predefine the default amount of liquidity reserved for highly urgent or urgent payment orders via the icm .

by means of a pm to tips dca liquidity transfer order or a tips dca to pm liquidity transfer order.”;
by means of a pm to tips dca liquidity transfer order or a tips dca to pm liquidity transfer order.’;

liquidity transfer orders initiated in the icm shall be immediately returned as non-settled if there is insufficient liquidity .
liquidity transfer orders initiated in the icm shall be immediately returned as non-settled if there is insufficient liquidity .

liql (undrawn committed liquidity line granted to the institution – niewykorzystany instrument płynnościowy przyznany instytucji)
liql (undrawn committed liquidity line granted to the institution)

participants shall be deemed to have instructed the ecb to dedicate liquidity on their behalf if the relevant ancillary system so requests ."
participants shall be deemed to have instructed the ecb to dedicate liquidity on their behalf if the relevant ancillary system so requests .'

‘tips dca to pm liquidity transfer order’ means the instruction to transfer a specified amount of funds from a tips dca to a pm account,
“tips dca to pm liquidity transfer order” means the instruction to transfer a specified amount of funds from a tips dca to a pm account,

8 ) dodaje się art. 15a w brzmieniu : „article 15a standing instructions for liquidity reservation and dedication of liquidity 1 .
( 8 ) the following article 15a is inserted : « article 15a standing instructions for liquidity reservation and dedication of liquidity 1 .

‘payment order’ means a dca to pm liquidity transfer order, a pm to dca liquidity transfer order or a dca to dca liquidity transfer order,
“payment order” means a dca to pm liquidity transfer order, a pm to dca liquidity transfer order or a dca to dca liquidity transfer order,

by means of a pm to t2s dca liquidity transfer order or, when the icm is used in combination with the t2s value added services, a t2s dca to pm liquidity transfer order; and”;
by means of a pm to t2s dca liquidity transfer order or, when the icm is used in combination with the t2s value added services, a t2s dca to pm liquidity transfer order; and’;

upon request by a participant acting as a settlement bank, the ecb shall open one or more sub-accounts in target2-ecb to be used for dedicating liquidity.”;
upon request by a participant acting as a settlement bank, the ecb shall open one or more sub-accounts in target2-ecb to be used for dedicating liquidity.’