# Iris Oifigiúil L 163/2022

| | ISSN 1977-0839 |
| --- | --- |
| Iris Oifigiúil
  an Aontais Eorpaigh | L 163 |
| | |
| An t-eagrán Gaeilge | Reachtaíocht | Imleabhar 6517 Meitheamh 2022 |

ISSN 1977-0839

Iris Oifigiúil

an Aontais Eorpaigh

L 163

An t-eagrán Gaeilge

Reachtaíocht

Imleabhar 6517 Meitheamh 2022

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| Clár | | II   Gníomhartha neamhreachtacha | Leathanach |
| --- | --- | --- | --- |
| | | CINNTÍ |
| | * | Cinneadh (AE) 2022/911 ón mBanc Ceannais Eorpach an 19 Aibreán 2022 maidir le téarmaí agus coinníollacha TARGET-BCE agus lena n-aisghairtear Cinneadh 2007/601/CE (BCE/2007/7) (BCE/2022/22) | 1 |
| | | TREOIRLÍNTE |
| | * | Treoirlíne (AE) 2022/912 ón mBanc Ceannais Eorpach an 24 Feabhra 2022 maidir le hUathchóras Nua Giniúna Mearaistrithe Ollsocraíochtaí Fíor-ama Tras- Eorpach (TARGET) agus lena n-aisghairtear Treoirlíne 2013/47/AE (BCE/2012/27) (BCE/2022/8) | 84 |

Clár

II   Gníomhartha neamhreachtacha

Leathanach

CINNTÍ

*

Cinneadh (AE) 2022/911 ón mBanc Ceannais Eorpach an 19 Aibreán 2022 maidir le téarmaí agus coinníollacha TARGET-BCE agus lena n-aisghairtear Cinneadh 2007/601/CE (BCE/2007/7) (BCE/2022/22)

(BCE/2022/22)

1

TREOIRLÍNTE

*

Treoirlíne (AE) 2022/912 ón mBanc Ceannais Eorpach an 24 Feabhra 2022 maidir le hUathchóras Nua Giniúna Mearaistrithe Ollsocraíochtaí Fíor-ama Tras- Eorpach (TARGET) agus lena n-aisghairtear Treoirlíne 2013/47/AE (BCE/2012/27) (BCE/2022/8)

(BCE/2022/8)

84

| GA | Tagraíonn gníomhartha a bhfuil a dteidil i gcló éadrom do bhainistiú cúrsaí talmhaíochta ó lá go lá agus go ginearálta bíonn tréimhse theoranta bailíochta i gceist leo.
  Tá teidil na ngníomhartha eile i gcló trom agus tagann réiltín rompu. |
| --- | --- |

GA

Tagraíonn gníomhartha a bhfuil a dteidil i gcló éadrom do bhainistiú cúrsaí talmhaíochta ó lá go lá agus go ginearálta bíonn tréimhse theoranta bailíochta i gceist leo.

Tá teidil na ngníomhartha eile i gcló trom agus tagann réiltín rompu.

---

II Gníomhartha neamhreachtacha

CINNTÍ

| 17.6.2022 | GA | Iris Oifigiúil an Aontais Eorpaigh | L 163/1 |
| --- | --- | --- | --- |

17.6.2022

GA

Iris Oifigiúil an Aontais Eorpaigh

L 163/1

---

CINNEADH (AE) 2022/911 ÓN mBANC CEANNAIS EORPACH

an 19 Aibreán 2022

maidir le téarmaí agus coinníollacha TARGET-BCE agus lena n-aisghairtear Cinneadh 2007/601/CE (BCE/2007/7) (BCE/2022/22)

TÁ BORD FEIDHMIÚCHÁIN AN BHAINC CEANNAIS EORPAIGH,

Ag féachaint don Chonradh ar Fheidhmiú an Aontais Eorpaigh, agus go háirithe Airteagal 127(2), an chéad fhleasc agus an ceathrú fleasc, de,

Ag féachaint do Reacht an Chórais Eorpaigh Banc Ceannais agus an Bhainc Ceannais Eorpaigh, agus go háirithe d’Airteagal 3.1, Airteagal 17, Airteagal 22 agus Airteagal 23 de,

De bhrí an mhéid seo a leanas:

| (1) | Rialaítear an Córas Mearaistrithe Tras-Eorpach Uathoibrithe le haghaidh Ollsocraíocht Fíor-ama (TARGET2) le Treoirlíne 2013/47/AE ón mBanc Ceannais Eorpach (BCE/2012/27) (1). |
| --- | --- |

(1)

Rialaítear an Córas Mearaistrithe Tras-Eorpach Uathoibrithe le haghaidh Ollsocraíocht Fíor-ama (TARGET2) le Treoirlíne 2013/47/AE ón mBanc Ceannais Eorpach (BCE/2012/27) (1).

| (2) | D’fhormheas an Chomhairle Rialaithe, an 6 Nollaig 2017, Tionscadal Comhdhlúthúcháin T2-T2S, arb é is cuspóir dó TARGET2 agus TARGET2-Urrúis (T2S) a chomhdhlúthú agus a bharrfheabhsú, agus tairbhe a bhaint as cuir chuige úrscothacha agus as an nuálaíocht theicneolaíoch chun laghdú ar chostas oibríochtúil na beirte le chéile, agus chun bainistiú leachtachta ar fud na seirbhísí éagsúla a fheabhsú. Is é an toradh atá ar Thionscadal Comhdhlúthúcháin T2-T2S leagan nua den Chóras Mearaistrithe Tras-Eorpach Uathoibrithe le haghaidh Ollsocraíocht Fíor-ama lena socraítear in euro in airgead bainc ceannais (TARGET). |
| --- | --- |

(2)

D’fhormheas an Chomhairle Rialaithe, an 6 Nollaig 2017, Tionscadal Comhdhlúthúcháin T2-T2S, arb é is cuspóir dó TARGET2 agus TARGET2-Urrúis (T2S) a chomhdhlúthú agus a bharrfheabhsú, agus tairbhe a bhaint as cuir chuige úrscothacha agus as an nuálaíocht theicneolaíoch chun laghdú ar chostas oibríochtúil na beirte le chéile, agus chun bainistiú leachtachta ar fud na seirbhísí éagsúla a fheabhsú. Is é an toradh atá ar Thionscadal Comhdhlúthúcháin T2-T2S leagan nua den Chóras Mearaistrithe Tras-Eorpach Uathoibrithe le haghaidh Ollsocraíocht Fíor-ama lena socraítear in euro in airgead bainc ceannais (TARGET).

| (3) | Ón 21 Samhain 2022 ar aghaidh, cuirfear TARGET in ionad TARGET2. |
| --- | --- |

(3)

Ón 21 Samhain 2022 ar aghaidh, cuirfear TARGET in ionad TARGET2.

| (4) | Fearacht TARGET2, déantar TARGET a struchtúrú ó thaobh an dlí de ina iolarthacht córas íocaíochta, ina bhfuil gach córas comhpháirte TARGET comhchuibhithe a mhéid is féidir. |
| --- | --- |

(4)

Fearacht TARGET2, déantar TARGET a struchtúrú ó thaobh an dlí de ina iolarthacht córas íocaíochta, ina bhfuil gach córas comhpháirte TARGET comhchuibhithe a mhéid is féidir.

| (5) | Cuirtear seirbhísí lárnacha bainistithe leachtachta ar fáil le TARGET, lena n-áirítear socraíocht oibríochtaí bainc ceannais trí phríomhchuntais airgid thirim, ollsocraíocht fíor-ama (RTGS) mórluacha le haghaidh íocaíochtaí trí chuntais airgid thirim atá tiomnaithe do RTGS, íocaíochtaí airgid thirim i ndáil le socraíocht urrús trí chuntais airgid atá tiomnaithe do T2S agus socraíocht íocaíochtaí meandracha trí chuntais airgid thirim atá tiomnaithe do Shocraíocht Íocaíochta Meandraí TARGET (TIPS), agus seirbhísí le haghaidh socraíocht córais choimhdigh (AS) trí fhochuntais, trí chuntais theicniúla RTGS AS, trí chuntais ciste ráthaíochta AS agus trí chuntais theicniúla TIPS AS. |
| --- | --- |

(5)

Cuirtear seirbhísí lárnacha bainistithe leachtachta ar fáil le TARGET, lena n-áirítear socraíocht oibríochtaí bainc ceannais trí phríomhchuntais airgid thirim, ollsocraíocht fíor-ama (RTGS) mórluacha le haghaidh íocaíochtaí trí chuntais airgid thirim atá tiomnaithe do RTGS, íocaíochtaí airgid thirim i ndáil le socraíocht urrús trí chuntais airgid atá tiomnaithe do T2S agus socraíocht íocaíochtaí meandracha trí chuntais airgid thirim atá tiomnaithe do Shocraíocht Íocaíochta Meandraí TARGET (TIPS), agus seirbhísí le haghaidh socraíocht córais choimhdigh (AS) trí fhochuntais, trí chuntais theicniúla RTGS AS, trí chuntais ciste ráthaíochta AS agus trí chuntais theicniúla TIPS AS.

| (6) | Maidir le córais chomhpháirte TARGET2 i dteannta a chéile (2) atá faoi úinéireacht agus atá á n-oibriú ag bainc cheannais an Eurochórais faoi seach faoi réir Rialachán (AE) Uimh. 795/2014 ón mBanc Ceannais Eorpach (BCE/2014/28) (3), sainaithníodh iad ina gcóras íocaíochta a bhfuil tábhacht shistéamach leis (SIPS). Tagann córais chomhpháirte TARGET faoi seach, atá ina gcórais íocaíochta atá á gcur in ionad córais chomhpháirte TARGET2, faoi raon feidhme Rialachán (AE) Uimh. 795/2014 (BCE/2014/28) agus ceanglaítear orthu na ceanglais formhaoirseachta a leagtar síos sa Rialachán sin a chomhlíonadh. |
| --- | --- |

(6)

Maidir le córais chomhpháirte TARGET2 i dteannta a chéile (2) atá faoi úinéireacht agus atá á n-oibriú ag bainc cheannais an Eurochórais faoi seach faoi réir Rialachán (AE) Uimh. 795/2014 ón mBanc Ceannais Eorpach (BCE/2014/28) (3), sainaithníodh iad ina gcóras íocaíochta a bhfuil tábhacht shistéamach leis (SIPS). Tagann córais chomhpháirte TARGET faoi seach, atá ina gcórais íocaíochta atá á gcur in ionad córais chomhpháirte TARGET2, faoi raon feidhme Rialachán (AE) Uimh. 795/2014 (BCE/2014/28) agus ceanglaítear orthu na ceanglais formhaoirseachta a leagtar síos sa Rialachán sin a chomhlíonadh.

| (7) | Is é atá i gcórais chomhpháirte TARGET comharbaí de réir dlí ar chórais chomhpháirte chomhfhreagracha TARGET2. |
| --- | --- |

(7)

Is é atá i gcórais chomhpháirte TARGET comharbaí de réir dlí ar chórais chomhpháirte chomhfhreagracha TARGET2.

| (8) | An 24 Feabhra 2022, ghlac an Chomhairle Rialaithe Treoirlíne (AE) 2022/912 ón mBanc Ceannais Eorpach (BCE/2022/8) (4), lena n-aisghairtear Treoirlíne 2013/47/AE (BCE/2012/27). |
| --- | --- |

(8)

An 24 Feabhra 2022, ghlac an Chomhairle Rialaithe Treoirlíne (AE) 2022/912 ón mBanc Ceannais Eorpach (BCE/2022/8) (4), lena n-aisghairtear Treoirlíne 2013/47/AE (BCE/2012/27).

| (9) | Chun Treoirlíne 2013/47/AE (BCE/2012/27) a aisghairm, ní mór athruithe a dhéanamh ar théarmaí agus ar choinníollacha TARGET2-BCE. Ar chúiseanna deimhneachta dlíthiúla, is iomchuí cinneadh nua a ghlacadh chun na hathruithe sin a chur chun feidhme. Dá bhrí sin, ba cheart Cinneadh 2007/601/CE ón mBanc Ceannais Eorpach (BCE/2007/7) (5) a aisghairm. |
| --- | --- |

(9)

Chun Treoirlíne 2013/47/AE (BCE/2012/27) a aisghairm, ní mór athruithe a dhéanamh ar théarmaí agus ar choinníollacha TARGET2-BCE. Ar chúiseanna deimhneachta dlíthiúla, is iomchuí cinneadh nua a ghlacadh chun na hathruithe sin a chur chun feidhme. Dá bhrí sin, ba cheart Cinneadh 2007/601/CE ón mBanc Ceannais Eorpach (BCE/2007/7) (5) a aisghairm.

| (10) | Chun cur chun feidhme éifeachtach Threoirlíne (AE) 2022/912 (BCE/2022/8) a áirithiú, ba cheart an Cinneadh seo a theacht i bhfeidhm gan mhoill, |
| --- | --- |

(10)

Chun cur chun feidhme éifeachtach Threoirlíne (AE) 2022/912 (BCE/2022/8) a áirithiú, ba cheart an Cinneadh seo a theacht i bhfeidhm gan mhoill,

TAR ÉIS AN TREOIRLÍNE SEO A GHLACADH:

Airteagal 1

Raon Feidhme

1.   Tá córas comhpháirte TARGET de chuid BCE (TARGET-BCE) teoranta do na hoibríochtaí seo a leanas:

| (a) | íocaíochtaí BCE féin a phróiseáil; |
| --- | --- |

(a)

íocaíochtaí BCE féin a phróiseáil;

| (b) | íocaíochtaí custaiméirí de chuid BCE a phróiseáil; |
| --- | --- |

(b)

íocaíochtaí custaiméirí de chuid BCE a phróiseáil;

| (c) | seirbhísí socraíochta a sholáthar d’eintitis a bhainistíonn córais choimhdeacha, lena n-áirítear eintitis atá bunaithe lasmuigh den Limistéar Eorpach Eacnamaíoch, ar choinníoll:






  (i) | go mbeidh na heintitis sin faoi réir formhaoirseacht ag údarás inniúil; |
| --- | --- | --- |

(c)

seirbhísí socraíochta a sholáthar d’eintitis a bhainistíonn córais choimhdeacha, lena n-áirítear eintitis atá bunaithe lasmuigh den Limistéar Eorpach Eacnamaíoch, ar choinníoll:

(i)

go mbeidh na heintitis sin faoi réir formhaoirseacht ag údarás inniúil;

| (ii) | go gcomhlíonfaidh na heintitis sin na ceanglais formhaoirseachta maidir le suíomh na mbonneagar lena dtairgtear seirbhísí in euro, mar a fhoilsítear ar shuíomh gréasáin BCE; |
| --- | --- |

(ii)

go gcomhlíonfaidh na heintitis sin na ceanglais formhaoirseachta maidir le suíomh na mbonneagar lena dtairgtear seirbhísí in euro, mar a fhoilsítear ar shuíomh gréasáin BCE;

| (iii) | gur thug an Chomhairle Rialaithe rochtain ar TARGET2-BCE do na heintitis sin. |
| --- | --- |

(iii)

gur thug an Chomhairle Rialaithe rochtain ar TARGET2-BCE do na heintitis sin.

2.   Féadfaidh BCE glacadh leis na custaiméirí seo a leanas amháin agus féadfaidh BCE gníomhú thar a gceann:

| (a) | bainc cheannais; |
| --- | --- |

(a)

bainc cheannais;

| (b) | eagraíochtaí Eorpacha |
| --- | --- |

(b)

eagraíochtaí Eorpacha

| (c) | eagraíochtaí idirnáisiúnta |
| --- | --- |

(c)

eagraíochtaí idirnáisiúnta

| (d) | rialtais láir na mBallstát nó eintitis phoiblí a n-ainmneoidh rialtais láir den sórt sin iad, de bhun cinneadh ad hoc ón gComhairle Rialaithe. |
| --- | --- |

(d)

rialtais láir na mBallstát nó eintitis phoiblí a n-ainmneoidh rialtais láir den sórt sin iad, de bhun cinneadh ad hoc ón gComhairle Rialaithe.

Airteagal 2

Sainmhínithe

Chun críocha an Chinnidh seo, tá feidhm ag na sainmhínithe a leagtar amach in Iarscríbhinn III.

Airteagal 3

Téarmaí agus Coinníollacha le haghaidh rannpháirtíocht in TARGET-BCE

1.   Déanfar rannpháirtíocht in TARGET-BCE a rialú go heisiach faoi na Coinníollacha le haghaidh rannpháirtíocht in TARGET-BCE a leagtar amach in Iarscríbhinn I.

2.   I gcomhréir le hAirteagal 9(2) de Threoirlíne (AE) 2022/912 (BCE/2022/8), ón 20 Samhain 2023 ar aghaidh, is le haghaidh rannpháirtithe incháilithe amháin a osclóidh BCE cuntais TARGET i gcás ina gcuirfear seirbhísí ar fáil leis na cuntais sin a thagann faoi raon feidhme Threoirlíne (AE) 2022/912 (BCE/2022/8), seachas cuntais ina n-úsáidfear na cuntais sin chun cistí urghafa nó cistí a cuireadh i ngeall do chreidiúnaí tríú páirtí nó cistí dá dtagraítear in Airteagal 3(1)(d) de Rialachán (AE) 2021/378 ón mBanc Ceannais Eorpach (BCE/2021/1) a shealbhú (6).

3.   Déanfar rannpháirtíocht in TARGET-BCE a rialú le hAirteagal 11 de Threoirlíne (AE) 2022/912 (BCE/2022/8), i gcás inarb ábhartha.

Airteagal 4

Cinneadh 2007/601/CE (BCE/2007/7) a aisghairm

Aisghairtear Cinneadh 2007/601/CE (BCE/2007/7) le héifeacht ón 21 Samhain 2022.

Airteagal 5

Teacht i bhfeidhm

Tiocfaidh an Cinneadh seo i bhfeidhm an cúigiú lá tar éis lá a fhoilsithe in Iris Oifigiúil an Aontais Eorpaigh.

Iris Oifigiúil an Aontais Eorpaigh

Beidh feidhm aige ón 21 Samhain 2022.

Arna dhéanamh in Frankfurt am Main, 19 Aibreán 2022.

Uachtarán an BCE

Christine LAGARDE

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(1)  Treoirlíne 2013/47/AE ón mBanc Ceannais Eorpach an 5 Nollaig 2012 maidir le Córas Mearaistrithe Tras-Eorpach Uathoibrithe le haghaidh Ollsocraíocht Fíor-ama (TARGET2) (BCE/2012/27) (IO L 30, 30.1.2013, lch. 1).

1

(2)  Cinneadh 2014/533/AE ón mBanc Ceannais Eorpach an 13 Lúnasa 2014 maidir le TARGET 2 a shainaithint mar chóras íocaíochta a bhfuil tábhacht shistéamach leis de bhun Rialachán (AE) Uimh. 795/2014 maidir le ceanglais formhaoirseachta le haghaidh córais íocaíochta a bhfuil tábhacht shistéamach leo (BCE/2014/35) (IO L 245, 20.8.2014, lch. 5).

2

(3)  Rialachán (AE) Uimh. 795/2014 ón mBanc Ceannais Eorpach an 3 Iúil 2014 maidir le ceanglais formhaoirseachta le haghaidh córais íocaíochta a bhfuil tábhacht shistéamach leo (BCE/2014/28) (IO L 217, 23.7.2014, lch. 16).

3

(4)  Treoirlíne (AE) 2022/912 ón mBanc Ceannais Eorpach an 24 Feabhra 2022 maidir leis an leagan nua den Chóras Mearaistrithe Tras-Eorpach Uathoibrithe le haghaidh Ollsocraíocht Fíor-ama (TARGET) agus lena n-aisghairtear Treoirlíne 2013/47AE (BCE/2012/27) (BCE/2022/8) (féach leathanach 84 den Iris Oifigiúil seo).

4

(5)  Cinneadh 2007/601/CE ón mBanc Ceannais Eorpach an 24 Iúil 2007 maidir le téarmaí agus coinníollacha TARGET2-BCE (BCE/2007/7) (IO L 237, 8.9.2007, lch. 71).

5

(6)  Rialachán (AE) 2021/378 ón mBanc Ceannais Eorpach an 22 Eanáir 2021 maidir le ceanglais cúlchiste íosta a chur i bhfeidhm (BCE/2021/1) (IO L 73, 3.3.2021, lch. 1).

6

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ANNEX I

CONDITIONS FOR PARTICIPATION IN TARGET-ECB

PART I

General terms and conditions

Article 1

Scope

The terms and conditions set out in this Part I govern the relationship between the ECB and its participants in TARGET-ECB. The terms and conditions set out in the following Parts II, III, IV, V, VI and VII apply as far as participants opt for and are granted one or more accounts described in such Parts. The terms and conditions set out in Parts I to VII of this Annex are referred to in this Decision collectively as the ‘Conditions’.

Article 2

Appendices

1.   The following Appendices form an integral part of these Conditions:

| Appendix I: | Technical specifications for the processing of cash transfer orders |
| --- | --- |

Appendix I:

Technical specifications for the processing of cash transfer orders

| Appendix II: | TARGET compensation scheme |
| --- | --- |

Appendix II:

TARGET compensation scheme

| Appendix III: | Terms of reference for capacity and country opinions |
| --- | --- |

Appendix III:

Terms of reference for capacity and country opinions

| Appendix IV: | Business continuity and contingency procedures |
| --- | --- |

Appendix IV:

Business continuity and contingency procedures

| Appendix V: | TARGET operating schedule |
| --- | --- |

Appendix V:

TARGET operating schedule

| Appendix VI: | Fee schedule |
| --- | --- |

Appendix VI:

Fee schedule

| Appendix VII: | Requirements regarding information security management and business continuity management |
| --- | --- |

Appendix VII:

Requirements regarding information security management and business continuity management

2.   In the event of any conflict or inconsistency between the content of any appendix and the content of any other provision in these Conditions, the latter shall prevail.

Article 3

General description of TARGET

1.   TARGET is legally structured as a multiplicity of payment systems composed of all TARGET component systems, each of which is designated as a ‘system’ under the relevant national law implementing Directive 98/26/EC of the European Parleament and of the Council (1). TARGET-ECB is designated as a ‘system’ under § 1(16) of the Kreditwesengesetz (KWG).

2.   TARGET comprises payment systems in euro that settle in central bank money and provide central liquidity management services, real-time gross settlement for payments and services for AS settlement, and enable cash payments in relation to securities settlement and the settlement of instant payments.

3.   TARGET provides:

| (a) | MCAs for the settlement of central bank operations; |
| --- | --- |

(a)

MCAs for the settlement of central bank operations;

| (b) | RTGS DCAs for large value real-time gross settlement of payments and subaccounts if required for AS settlement; |
| --- | --- |

(b)

RTGS DCAs for large value real-time gross settlement of payments and subaccounts if required for AS settlement;

| (c) | T2S DCAs for cash payments in relation to securities settlement; |
| --- | --- |

(c)

T2S DCAs for cash payments in relation to securities settlement;

| (d) | TIPS DCAs for the settlement of instant payments; and |
| --- | --- |

(d)

TIPS DCAs for the settlement of instant payments; and

| (e) | the following accounts for AS settlement: (i) RTGS AS technical accounts; (ii) AS guarantee fund accounts; and (iii) TIPS AS technical accounts. |
| --- | --- |

(e)

the following accounts for AS settlement: (i) RTGS AS technical accounts; (ii) AS guarantee fund accounts; and (iii) TIPS AS technical accounts.

Each account in TARGET-ECB shall be identified by means of a unique account number made up of the elements described in Appendix I, paragraph 2.

Article 4

Access criteria

Entities managing ancillary systems (including entities established outside the European Economic Area (EEA)) and acting in that capacity, whose access to TARGET-ECB has been approved by the Governing Council, shall be the only entities that are eligible for participation in TARGET-ECB.

Article 5

Application procedure

1.   In order to become a participant in TARGET-ECB, an eligible entity as described in Article 4 shall fulfil the following requirements:

| (a) | install, manage, operate, monitor and ensure the security of the necessary IT infrastructure to connect to TARGET-ECB and be able to submit cash transfer orders to it. In doing so, applicant participants may involve third parties but retain sole liability; |
| --- | --- |

(a)

install, manage, operate, monitor and ensure the security of the necessary IT infrastructure to connect to TARGET-ECB and be able to submit cash transfer orders to it. In doing so, applicant participants may involve third parties but retain sole liability;

| (b) | have passed the tests required by the ECB; |
| --- | --- |

(b)

have passed the tests required by the ECB;

| (c) | if it is an applicant for an a RTGS DCA, a T2S DCA or a TIPS DCA it shall also hold or open an MCA with the ECB; |
| --- | --- |

(c)

if it is an applicant for an a RTGS DCA, a T2S DCA or a TIPS DCA it shall also hold or open an MCA with the ECB;

| (d) | provide a capacity opinion in the form specified in Appendix III, unless the information and representations to be provided in such capacity opinion have already been obtained by the ECB in another context; |
| --- | --- |

(d)

provide a capacity opinion in the form specified in Appendix III, unless the information and representations to be provided in such capacity opinion have already been obtained by the ECB in another context;

| (e) | for the entities referred to in Article 4, established outside the EEA, provide a country opinion in the form specified in Appendix III, unless the information and representations to be provided in such country opinion have already been obtained by the ECB in another context; |
| --- | --- |

(e)

for the entities referred to in Article 4, established outside the EEA, provide a country opinion in the form specified in Appendix III, unless the information and representations to be provided in such country opinion have already been obtained by the ECB in another context;

| (f) | if it is an applicant for a TIPS DCA, has adhered to the SCT Inst scheme by signing the SEPA Instant Credit Transfer Adherence Agreement; |
| --- | --- |

(f)

if it is an applicant for a TIPS DCA, has adhered to the SCT Inst scheme by signing the SEPA Instant Credit Transfer Adherence Agreement;

| (g) | if it is an applicant for a TIPS AS technical account, has provided evidence that the disclosure letter showing their intent to be an SCT Inst compliant Clearing and Settlement Mechanism (CSM) has been provided to the European Payments Council (EPC). |
| --- | --- |

(g)

if it is an applicant for a TIPS AS technical account, has provided evidence that the disclosure letter showing their intent to be an SCT Inst compliant Clearing and Settlement Mechanism (CSM) has been provided to the European Payments Council (EPC).

2.   Applicants shall apply to the ECB, as a minimum enclosing the following documents/information:

| (a) | completed reference data collection forms as provided by the ECB; |
| --- | --- |

(a)

completed reference data collection forms as provided by the ECB;

| (b) | the capacity opinion, if required by the ECB, and the country opinion, if required by the ECB; |
| --- | --- |

(b)

the capacity opinion, if required by the ECB, and the country opinion, if required by the ECB;

| (c) | if it is an applicant for a TIPS DCA, evidence of their adherence to the SCT Inst scheme; |
| --- | --- |

(c)

if it is an applicant for a TIPS DCA, evidence of their adherence to the SCT Inst scheme;

| (d) | if the applicant is applying to use the TIPS AS settlement procedure, evidence that they have provided the EPC with the disclosure letter showing their intent to be an SCT Inst compliant CSM; |
| --- | --- |

(d)

if the applicant is applying to use the TIPS AS settlement procedure, evidence that they have provided the EPC with the disclosure letter showing their intent to be an SCT Inst compliant CSM;

| (e) | if the applicant designates a paying agent, the evidence that the paying agent has agreed to act in that role. |
| --- | --- |

(e)

if the applicant designates a paying agent, the evidence that the paying agent has agreed to act in that role.

3.   Applicants which are already TARGET participants and apply for a new account as described in: (i) Part III (RTGS-DCA); (ii) Part IV (T2S DCA); (iii) Part V (TIPS DCA); (iv) Part VI (RTGS AS technical account); and/or (v) Part VII (TIPS AS technical account), shall comply with the provisions of paragraphs 1 and 2 to the extent relevant for the new account applied for.

4.   The ECB may also request any additional information it deems necessary to decide on an application to open a TARGET account.

5.   The ECB shall reject the application to participate if:

| (a) | the applicant is not an eligible entity as described in Article 4; |
| --- | --- |

(a)

the applicant is not an eligible entity as described in Article 4;

| (b) | one or more of the participation requirements referred to in paragraph 1 are not met; and/or |
| --- | --- |

(b)

one or more of the participation requirements referred to in paragraph 1 are not met; and/or

| (c) | according to the ECB’s assessment, such participation would endanger the overall stability, soundness and safety of TARGET-ECB or of any other TARGET component system, or would jeopardise the ECB’s performance of its tasks as described in the Statute of the European System of Central Banks and of the European Central Bank, or poses risks on the grounds of prudence. |
| --- | --- |

(c)

according to the ECB’s assessment, such participation would endanger the overall stability, soundness and safety of TARGET-ECB or of any other TARGET component system, or would jeopardise the ECB’s performance of its tasks as described in the Statute of the European System of Central Banks and of the European Central Bank, or poses risks on the grounds of prudence.

6.   The ECB shall communicate its decision on the application to become a participant in TARGET-ECBto the applicant participant within one month of the ECB’s receipt of the application. Where the ECB requests additional information pursuant to paragraph 4, the decision shall be communicated within one month of the ECB’s receipt of this information from the applicant. Any rejection decision shall contain reasons for the rejection.

Article 6

Participants

AS which use the RTGS AS settlement procedures or the TIPS AS settlement procedure shall be subject to the terms and conditions set out in this Part as well as in Part VI or Part VII, respectively. They may hold one or more MCAs, T2S DCAs and, exceptionally and if approved by the ECB, one or more RTGS DCAs except in relation to the clearing of instant payments pursuant to the SCT Inst scheme. If an AS holds an RTGS DCA or a T2S DCA it shall also hold at least one MCA with the ECB. In the event that an AS holds one or more MCAs or RTGS DCAs or T2S DCAs, the respective Parts of these Conditions shall also apply.

Article 7

Access to a participant’s account by entities other than the participant

1.   To the extent technically possible, a participant may give access to its TARGET accounts to one or more entities it designates, for the purposes of submitting cash transfer orders and performing other actions.

2.   Cash transfer orders submitted or funds received by the entities designated by a participant as referred to in paragraph 1 shall be deemed to have been submitted or received by that participant itself.

3.   The participant shall be bound by such cash transfer orders and any other action taken by the entity or entities referred to in paragraph 1, regardless of the content of, or any non-compliance with, the contractual or other arrangements between that participant and such entity.

Article 8

Billing

1.   The ECB shall identify billable items according to Appendix VI and shall allocate each of them to the participant from which that billable item originates.

2.   Any fee payable in relation to a cash transfer order submitted by or cash transfer received by an AS, irrespective of whether it uses the RTGS AS settlement procedures or an RTGS DCA, shall be exclusively charged to that AS.

3.   Billable items generated by actions taken by the designated entities referred in Article 7, as well as by central banks acting on behalf of a participant, shall be allocated to the participant.

4.   The ECB shall issue separate invoices to the participant for the relevant services described in: (i) Part III (RTGS-DCA); (ii) Part IV (T2S DCA); (iii) Part V (TIPS DCA); (iv) Part VI (RTGS AS settlement procedures); and (v) Part VII (TIPS AS settlement procedure).

5.   The ECB shall settle each invoice by means of a direct debit of an MCA held by the participant, unless the participant has designated another participant in TARGET (which may be in TARGET-ECB or another component system) as a paying agent and instructed the ECB to debit the MCA of that paying agent. Such an instruction shall not release the participant from its obligation to pay each invoice.

6.   Where a paying agent has been designated, the participant will provide the ECB with evidence that the paying agent has agreed to act in that role.

7.   For the purposes of this Article, each AS shall be treated separately, even if two or more of them are operated by the same legal entity, and irrespective of whether or not the AS has been designated under Directive 98/26/EC. In the case of an AS that has not been designated under Directive 98/26/EC, it shall be identified as an AS by reference to the following criteria: (a) it is a formal arrangement, based on a contractual or legislative instrument, e.g. an agreement among the participants and the system operator; (b) it has multiple membership; (c) it has common rules and standardised arrangements; and (d) is for the purpose of clearing, netting and/or settlement of payments and/or securities between the participants.

Article 9

Billing Groups

1.   Upon the request of the participant the ECB shall create a billing group to allow its members to benefit from the degressive pricing applicable to RTGS DCAs. The billing group may only include RTGS DCA holders belonging to the same banking group, from one or more TARGET component systems.

2.   Upon the request of an RTGS DCA holder the ECB shall add that RTGS DCA holder to or delete it from a billing group which may be in TARGET-ECB or in any other TARGET component system. The RTGS DCA holder shall inform all other members of the billing group of such a request prior to making it.

3.   RTGS DCA holders included in a billing group shall be invoiced individually as set out in Article 8.

Article 10

Obligations of the ECB and the participant

1.   The ECB shall offer the services described in Parts II, III, IV, V, VI and VII of these Conditions where a participant has opted for and been granted an account as referred to therein. Save where otherwise provided in these Conditions or required by law, the ECB shall use all reasonable means within its power to perform its obligations under these Conditions, without guaranteeing a result.

2.   The ECB is the provider of services pursuant to these Conditions. Acts and omissions of the Level 3 NCBs shall be considered as acts and omissions of the ECB, for which it shall assume liability in accordance with Article 21. Participation pursuant to these Conditions shall not create a contractual relationship between participants and the Level 3 NCBs when any of the latter acts in its capacity as a Level 3 NCB. Instructions, messages or information which a participant receives from, or sends to, TARGET in relation to the services provided under these Conditions shall be deemed to be received from, or sent to, ECB.

3.   The participant shall pay to the ECB fees in accordance with Article 8.

4.   The participant shall ensure that it is technically connected to TARGET-ECB in accordance with TARGET operating schedule set out in Appendix V. This obligation may be fulfilled through a designated entity referred to in Article 7.

5.   The participant shall represent and warrant to the ECB that the performance of its obligations under these Conditions does not breach any law, regulation or by-law applicable to it or any agreement by which it is bound.

6.   The participant shall pay any applicable stamp duties or other documentary taxes or duties, if applicable, as well as any other costs the participant incurs in opening, maintaining or closing its TARGET account.

Article 11

Cooperation and information exchange

1.   In performing their obligations and exercising their rights under these Conditions, the ECB and participants shall cooperate closely to ensure the stability, soundness and safety of TARGET-ECB. They shall provide each other with any information or documents relevant for the performance of their respective obligations and the exercise of their respective rights under these Conditions, without prejudice to any banking secrecy obligations.

2.   The ECB shall establish and maintain a system support desk to assist participants in relation to difficulties arising in connection with system operations.

3.   Up-to-date information on the operational status of each service shall be available on a TARGET Information System (TIS) on a dedicated webpage on the ECB’s website.

4.   The ECB may communicate system relevant messages to participants by means of a broadcast message or, if this means is not available, by any other appropriate means of communication.

5.   Participants shall update in a timely manner existing reference data collection forms and submit new reference data collection forms to the ECB. Participants shall verify the accuracy of information relating to them that is entered into TARGET-ECB by the ECB.

6.   The participant hereby authorises the ECB to communicate to the Level 3 NCBs any information relating to participants which the Level 3 NCBs may need, in accordance with the agreements between the Level 3 NCBs and the Eurosystem CBs governing the provision of the services to be provided by the Level 3 NCBs.

7.   Participants shall inform the ECB without undue delay about any change in their legal capacity and relevant legislative changes affecting issues covered by the country opinion as set out in the terms of reference given in Appendix III.

8.   The ECB may at any time request an update or renewal of the country or capacity opinions referred to in Article 5(1), points (d) and (e).

9.   Participants shall immediately inform the ECB if an event of default occurs in relation to themselves or if they are subject to crisis prevention measures or crisis management measures within the meaning of Directive 2014/59/EU of the European Parliament and of the Council (2) or any other equivalent applicable legislation.

Article 12

Remuneration of Accounts

1.   MCAs, DCAs and sub-accounts shall either be remunerated at zero per cent or at the deposit facility rate, whichever is lower.

2.   Overnight balances held on a TIPS AS technical account or on an RTGS AS technical account for AS settlement procedure D, and guarantee funds, including those held on an AS guarantee fund account, shall be remunerated at the deposit facility rate.

Article 13

Management of Accounts

1.   Participants shall monitor and manage the liquidity on their accounts in line with the TARGET operating schedule as set out in Appendix V and perform transaction-level reconciliation at least once a day. This obligation may be fulfilled through a designated entity referred to in Article 7.

2.   The participant shall make use of the tools provided by the ECB for the purpose of account reconciliation, in particular the daily statement of account which is made available to each participant. This obligation may be fulfilled through a designated entity referred to in Article 7.

3.   Participants shall immediately inform the ECB in the event that a mismatch occurs in relation to any of their accounts.

Article 14

Floor and ceiling amounts

1.   The participant may set floor and ceiling amounts on its MCA or DCAs.

2.   The participant may choose to receive a notification if the floor or ceiling amount is breached. In addition, for MCAs or RTGS DCAs the participant may opt for the breach to trigger a rule-based liquidity transfer order.

3.   The settlement of a liquidity transfer order shall not trigger a check of whether the floor or ceiling amount has been breached.

Article 15

Account monitoring group

1.   An MCA holder may create one or more account monitoring groups for the purpose of monitoring liquidity on several MCAs or DCAs and will become the leader party for any account monitoring group that it creates.

2.   A participant may add any of its MCAs or DCAs opened within TARGET-ECB or any other TARGET component system to one or more account monitoring groups and thereby become a member of that account monitoring group. A member of an account monitoring group may initiate the removal of its account from that account monitoring group at any time. A participant shall inform the leader party of an account monitoring group prior to adding an account to or removing an account from that account monitoring group.

3.   Only the leader party for an account monitoring group shall be able to view the balances of all accounts included in that account monitoring group.

4.   The leader party may delete the account monitoring group and shall inform the other members of the account monitoring group prior to such deletion.

Article 16

Acceptance and rejection of cash transfer orders

1.   Cash transfer orders submitted by participants shall be deemed accepted by the ECB if:

| (a) | the transfer message complies with the technical requirements of TARGET described in Appendix I; |
| --- | --- |

(a)

the transfer message complies with the technical requirements of TARGET described in Appendix I;

| (b) | the message complies with the formatting rules and conditions described in Appendix I; |
| --- | --- |

(b)

the message complies with the formatting rules and conditions described in Appendix I;

| (c) | the message passes the double-entry check described in Appendix I; |
| --- | --- |

(c)

the message passes the double-entry check described in Appendix I;

| (d) | in cases where a payer has been suspended with regard to debiting its account(s) or a payee has been suspended with regard to crediting its account(s), the suspended participant’s CB’s explicit consent has been obtained; |
| --- | --- |

(d)

in cases where a payer has been suspended with regard to debiting its account(s) or a payee has been suspended with regard to crediting its account(s), the suspended participant’s CB’s explicit consent has been obtained;

| (e) | in cases where the cash transfer order is made as part of an RTGS AS settlement procedure, the participant’s account is included in the settlement bank account group requested by that AS as set out in Part VI, Article 1(7); and |
| --- | --- |

(e)

in cases where the cash transfer order is made as part of an RTGS AS settlement procedure, the participant’s account is included in the settlement bank account group requested by that AS as set out in Part VI, Article 1(7); and

| (f) | in the case of cross-system settlement as part of RTGS AS settlement procedures, the AS concerned is part of a cross-system settlement arrangement as set out in Article 9 of Part VI. |
| --- | --- |

(f)

in the case of cross-system settlement as part of RTGS AS settlement procedures, the AS concerned is part of a cross-system settlement arrangement as set out in Article 9 of Part VI.

2.   The ECB shall immediately reject any cash transfer order that does not fulfil the conditions laid down in paragraph 1. The ECB shall inform the participant of any rejection of a cash transfer order, as specified in Appendix I.

Article 17

Entry of cash transfer orders into the system and their irrevocability

1.   For the purposes of the first sentence of Articles 3(1) and 5 of Directive 98/26/EC and the third sentence of § 116, § 96(2), § 82 and § 340(3) of the Insolvenzordnung (German Insolvency Code) and the sixth sentence of § 46a(1) of the KWG:

| (a) | all cash transfer orders, except as provided for in points b), c) and d) of this paragraph, shall be deemed entered into TARGET-ECB and irrevocable at the moment that the relevant participant’s TARGET account is debited; |
| --- | --- |

(a)

all cash transfer orders, except as provided for in points b), c) and d) of this paragraph, shall be deemed entered into TARGET-ECB and irrevocable at the moment that the relevant participant’s TARGET account is debited;

| (b) | instant payment orders shall be deemed entered into TARGET-ECB and irrevocable at the moment that the relevant funds on the TIPS DCA of the participant or on its TIPS AS technical account are reserved; |
| --- | --- |

(b)

instant payment orders shall be deemed entered into TARGET-ECB and irrevocable at the moment that the relevant funds on the TIPS DCA of the participant or on its TIPS AS technical account are reserved;

| (c) | in the case of transactions that are settled on T2S DCAs and that are subject to matching of two separate transfer orders:






  (i) | such transfer orders, except as provided for in point (ii) of this subparagraph, shall be deemed entered into TARGET-ECB at the moment at which they have been declared compliant with the technical rules of T2S by the T2S Platform and irrevocable at the moment the transaction has been given the status ‘matched’ on the T2S Platform; |
| --- | --- | --- |

(c)

in the case of transactions that are settled on T2S DCAs and that are subject to matching of two separate transfer orders:

(i)

such transfer orders, except as provided for in point (ii) of this subparagraph, shall be deemed entered into TARGET-ECB at the moment at which they have been declared compliant with the technical rules of T2S by the T2S Platform and irrevocable at the moment the transaction has been given the status ‘matched’ on the T2S Platform;

| (ii) | in the case of transactions involving one participating CSD that has a separate matching component where transfer orders are sent directly to that participating CSD to be matched in its separate matching component, such transfer orders shall be deemed entered into TARGET-ECB at the moment at which they have been declared compliant with the technical rules of T2S by that participating CSD and irrevocable from the moment the transaction has been given the status ‘matched’ on the T2S Platform. A list of participating CSDs referred to in this point (ii) is available on the ECB’s website; |
| --- | --- |

(ii)

in the case of transactions involving one participating CSD that has a separate matching component where transfer orders are sent directly to that participating CSD to be matched in its separate matching component, such transfer orders shall be deemed entered into TARGET-ECB at the moment at which they have been declared compliant with the technical rules of T2S by that participating CSD and irrevocable from the moment the transaction has been given the status ‘matched’ on the T2S Platform. A list of participating CSDs referred to in this point (ii) is available on the ECB’s website;

| (d) | cash transfer orders in connection with RTGS AS settlement procedures shall be deemed entered in the TARGET component system of the account to be debited at the moment at which they are accepted by that TARGET component system and irrevocable at that moment. |
| --- | --- |

(d)

cash transfer orders in connection with RTGS AS settlement procedures shall be deemed entered in the TARGET component system of the account to be debited at the moment at which they are accepted by that TARGET component system and irrevocable at that moment.

2.   The provisions of paragraph 1 shall not affect any rules of AS that stipulate a moment of entry into the AS and/or irrevocability of transfer orders submitted to it at a point in time earlier than the moment of entry of the respective AS transfer orders in the relevant TARGET component system.

3.   Cash transfer orders included in an algorithm may not be revoked during the period that the algorithm is running.

Article 18

Business continuity and contingency procedures

1.   In the event of an abnormal external event or any other event which affects transactions on the TARGET accounts, the business continuity and contingency procedures described in Appendix IV shall apply.

2.   In exceptional circumstances the TARGET operating schedule may be changed, in which case participants will be informed by the ECB.

3.   In exceptional circumstances an AS may make a request to the ECB to modify the TARGET operating schedule.

4.   The Eurosystem provides a Contingency Solution for use if the events described in paragraph 1 occur. Connection to and use of the Contingency Solution shall be mandatory for participants considered by the ECB] to be critical and for participants that settle very critical transactions as set out in Appendix IV. Other participants may, on request, connect to the Contingency Solution.

Article 19

Security requirements

1.   Participants shall implement adequate security controls to protect their systems from unauthorised access and use. Participants shall be exclusively responsible for the adequate protection of the confidentiality, integrity and availability of their systems.

2.   Participants shall immediately inform the ECB of any security-related incidents in their technical infrastructure and, where appropriate, security-related incidents that occur in the technical infrastructure of the third-party providers. The ECB may request further information about the incident and, if necessary, request that the participant take appropriate measures to prevent a recurrence of such an event.

3.   The ECB may impose additional security requirements, in particular with regard to cybersecurity or the prevention of fraud, on all participants and/or on participants that are considered critical by the ECB.

4.   Participants shall provide the ECB with: (i) permanent access to their attestation of adherence to their chosen NSP’s endpoint security requirements; and (ii) on an annual basis the TARGET self-certification statement as required for the types of accounts that they hold and as published on the ECB’s website.

5.   The ECB shall assess the participant’s self-certification statement(s) on the participant’s level of compliance with each of the requirements set out in the TARGET selfcertification requirements. These requirements are listed in Appendix VII.

6.   The participant’s level of compliance with the requirements of the TARGET self-certification shall be categorised as follows, in increasing order of severity: ‘full compliance’; ‘minor non-compliance’; or, ‘major non-compliance’. The following criteria apply: full compliance is reached where participants satisfy 100 % of the requirements; minor non-compliance is where a participant satisfies less than 100 % but at least 66 % of the requirements and major non-compliance where a participant satisfies less than 66 % of the requirements. If a participant demonstrates that a specific requirement is not applicable to it, it shall be considered as compliant with the respective requirement for the purposes of the categorisation. A participant which fails to reach ‘full compliance’ shall submit an action plan demonstrating how it intends to reach full compliance. The ECB shall inform the relevant supervisory authorities of the status of such participant’s compliance.

7.   If the participant refuses to grant permanent access to its attestation of adherence to its chosen NSPs endpoint security requirements or does not provide the TARGET self-certification, the participant’s level of compliance shall be categorised as ‘major non-compliance’.

8.   The ECB shall re-assess compliance of participants on an annual basis.

9.   The ECB may impose the following measures of redress on participants whose level of compliance was assessed as minor or major non-compliance, in increasing order of severity:

| (a) | enhanced monitoring: the participant shall provide the ECB with a monthly report, signed by a senior executive, on its progress in addressing the non-compliance. The participant shall additionally incur a monthly penalty charge for each affected account of EUR 1 000. This measure of redress may be imposed in the event the participant receives a second consecutive assessment of minor non-compliance or an assessment of major noncompliance; |
| --- | --- |

(a)

enhanced monitoring: the participant shall provide the ECB with a monthly report, signed by a senior executive, on its progress in addressing the non-compliance. The participant shall additionally incur a monthly penalty charge for each affected account of EUR 1 000. This measure of redress may be imposed in the event the participant receives a second consecutive assessment of minor non-compliance or an assessment of major noncompliance;

| (b) | suspension: participation in TARGET-ECB may be suspended in the circumstances described in Article 24(2), points (b) and/or (c). By way of derogation from Article 24, the participant shall be given three months’ notice of such suspension. The participant shall incur a monthly penalty charge for each suspended account of EUR 2 000. This measure of redress may be imposed in the event the participant receives a second consecutive assessment of major non-compliance; |
| --- | --- |

(b)

suspension: participation in TARGET-ECB may be suspended in the circumstances described in Article 24(2), points (b) and/or (c). By way of derogation from Article 24, the participant shall be given three months’ notice of such suspension. The participant shall incur a monthly penalty charge for each suspended account of EUR 2 000. This measure of redress may be imposed in the event the participant receives a second consecutive assessment of major non-compliance;

| (c) | termination: participation in TARGET-ECB may be terminated in the circumstances described in Article 24(2), points (b) and/or (c). By way of derogation from Article 24, the participant shall be given three months’ notice. The participant shall incur an additional penalty charge of EUR 1 000 for each terminated account. This measure of redress may be imposed if the participant has not addressed the major non-compliance to the satisfaction of the ECB following three months of suspension. |
| --- | --- |

(c)

termination: participation in TARGET-ECB may be terminated in the circumstances described in Article 24(2), points (b) and/or (c). By way of derogation from Article 24, the participant shall be given three months’ notice. The participant shall incur an additional penalty charge of EUR 1 000 for each terminated account. This measure of redress may be imposed if the participant has not addressed the major non-compliance to the satisfaction of the ECB following three months of suspension.

10.   Participants allowing access to their TARGET account by third parties as set out in Article 7 and participants having registered addressable BIC holders as set out in Part III, Article 2, shall address the risk stemming from allowing such access in accordance with the security requirements set out in paragraphs 1 to 9.

Article 20

Compensation Scheme

If a cash transfer order cannot be settled on the same business day on which it was accepted due to a technical malfunction of TARGET, the ECB shall offer to compensate the participant concerned in accordance with the special procedure laid down in Appendix II.

Article 21

Liability regime

1.   In performing their obligations pursuant to these Conditions, the ECB and the participants shall be bound by a general duty of reasonable care in relation to each other.

2.   The ECB shall be liable to its participants in cases of fraud (including but not limited to wilful misconduct) or gross negligence, for any loss arising out of the operation of TARGET-ECB. In cases of ordinary negligence, the ECB’s liability shall be limited to the participant’s direct loss, i.e. the amount of the transaction in question and/or the loss of interest thereon, excluding any consequential loss.

3.   The ECB shall not be liable for any loss that results from any malfunction or failure in the technical infrastructure (including but not limited to the ECB’s computer infrastructure, programmes, data, applications or networks), if such malfunction or failure arises in spite of the ECB having adopted those measures that are reasonably necessary to protect such infrastructure against malfunction or failure, and to resolve the consequences of such malfunction or failure (the latter including but not limited to initiating and completing the business continuity and contingency procedures referred to in Appendix IV).

4.   The ECB shall not be liable:

| (a) | to the extent that the loss is caused by the participant; or |
| --- | --- |

(a)

to the extent that the loss is caused by the participant; or

| (b) | if the loss arises out of external events beyond the ECB’s reasonable control (force majeure). |
| --- | --- |

(b)

if the loss arises out of external events beyond the ECB’s reasonable control (force majeure).

5.   Notwithstanding § § 676a, 676b, 676c, 676e and 676g of the Bürgerliches Gesetzbuch (German Civil Code), paragraphs 1 to 4 shall apply to the extent that the ECB’s liability can be excluded.

6.   The ECB and the participants shall take all reasonable and practicable steps to mitigate any damage or loss referred to in this Article.

7.   In performing some or all of its obligations under these Conditions, the ECB may commission third parties in its own name, particularly telecommunications or other network providers or other entities, if this is necessary to meet the ECB’s obligations or is standard market practice. The ECB’s obligation shall be limited to the due selection and commissioning of any such third parties and the ECB’s liability shall be limited accordingly. For the purposes of this paragraph, the Level 3 NCBs shall not be considered as third parties.

Article 22

Evidence

1.   Unless otherwise provided in these Conditions, all cash transfer orders and related messages, such as confirmations of debits or credits, or statement messages, between the ECB and participants shall be made through the relevant NSP.

2.   Electronic or written records of the messages retained by the ECB or by the relevant NSP shall be accepted as a means of evidence of the payments processed through the ECB. The saved or printed version of the original message of the relevant NSP shall be accepted as a means of evidence, regardless of the form of the original message.

3.   If a participant’s connection to the NSP fails, the participant shall use the alternative means of transmission of messages as agreed with the ECB. In such cases, the saved or printed version of the message produced by the ECB shall have the same evidential value as the original message, regardless of its form.

4.   The ECB shall keep complete records of cash transfer orders submitted and payments received by participants for a period of ten years from the time at which such cash transfer orders are submitted and payments are received.

5.   The ECB’s own books and records shall be accepted as a means of evidence of any obligations of the participants and of any facts and events that the parties rely on.

Article 23

Duration and ordinary termination of participation and closure of accounts

1.   Without prejudice to Article 24, participation in TARGET-ECB shall be for an indefinite period of time.

2.   A participant may terminate any of the following at any time giving 14 business days’ notice thereof, unless it agrees a shorter notice period with the ECB:

| (a) | its entire participation in TARGET-ECB; |
| --- | --- |

(a)

its entire participation in TARGET-ECB;

| (b) | one or more of its DCAs, RTGS AS technical accounts and/or TIPS AS technical accounts; |
| --- | --- |

(b)

one or more of its DCAs, RTGS AS technical accounts and/or TIPS AS technical accounts;

| (c) | one or more of its MCAs, provided that it continues to comply with Article 5. |
| --- | --- |

(c)

one or more of its MCAs, provided that it continues to comply with Article 5.

3.   The ECB may terminate any of the following at any time giving three months’ notice thereof, unless it agrees a different notice period with the relevant participant:

| (a) | a participant’s entire participation in TARGET-ECB; |
| --- | --- |

(a)

a participant’s entire participation in TARGET-ECB;

| (b) | one or more of a participant’s DCAs, RTGS AS technical accounts or TIPS AS technical accounts; |
| --- | --- |

(b)

one or more of a participant’s DCAs, RTGS AS technical accounts or TIPS AS technical accounts;

| (c) | one or more of a participant’s MCAs, provided that the participant continues to hold at least one MCA. |
| --- | --- |

(c)

one or more of a participant’s MCAs, provided that the participant continues to hold at least one MCA.

4.   On termination of participation, the confidentiality duties laid down in Article 27 shall remain in force for a period of five years starting on the date of termination.

5.   On termination of participation, the ECB shall close all TARGET accounts of the participant concerned in accordance with Article 25.

Article 24

Suspension and extraordinary termination of participation

1.   A participant’s participation in TARGET-ECB shall be immediately terminated without prior notice or suspended if one of the following events of default occurs:

| (a) | the opening of insolvency proceedings; and/or |
| --- | --- |

(a)

the opening of insolvency proceedings; and/or

| (b) | the participant no longer meets the access criteria laid down in Article 4. |
| --- | --- |

(b)

the participant no longer meets the access criteria laid down in Article 4.

For the purposes of this paragraph, the taking of crisis prevention measures or crisis management measures within the meaning of Directive 2014/59/EU against a participant shall not automatically qualify as the opening of insolvency proceedings.

2.   The ECB may terminate without prior notice or suspend the participant’s participation in TARGET-ECB if:

| (a) | one or more events of default (other than those referred to in paragraph 1) occur; |
| --- | --- |

(a)

one or more events of default (other than those referred to in paragraph 1) occur;

| (b) | the participant is in material breach of any of these Conditions; |
| --- | --- |

(b)

the participant is in material breach of any of these Conditions;

| (c) | the participant fails to carry out any material obligation to the ECB; |
| --- | --- |

(c)

the participant fails to carry out any material obligation to the ECB;

| (d) | the participant ceases to have a valid agreement with an NSP to provide the necessary connection to TARGET; |
| --- | --- |

(d)

the participant ceases to have a valid agreement with an NSP to provide the necessary connection to TARGET;

| (e) | any other participant-related event occurs which, in the ECB’s assessment, would threaten the overall stability, soundness and safety of TARGET-ECB or of any other TARGET component system, or which would jeopardise the ECB’s performance of its tasks as described in the Statute of the European System of Central Banks and of the European Central Bank, or poses risks on the grounds of prudence; |
| --- | --- |

(e)

any other participant-related event occurs which, in the ECB’s assessment, would threaten the overall stability, soundness and safety of TARGET-ECB or of any other TARGET component system, or which would jeopardise the ECB’s performance of its tasks as described in the Statute of the European System of Central Banks and of the European Central Bank, or poses risks on the grounds of prudence;

| (f) | the ECB suspends or terminates the participant’s access to intraday credit, including auto-collateralisation, pursuant to Part II, Article 13 of Guideline (EU) 2022/912 (ECB/2022/8); and/or |
| --- | --- |

(f)

the ECB suspends or terminates the participant’s access to intraday credit, including auto-collateralisation, pursuant to Part II, Article 13 of Guideline (EU) 2022/912 (ECB/2022/8); and/or

| (g) | the participant is excluded from or otherwise ceases to be a member of one of the NSP Closed Group of Users. |
| --- | --- |

(g)

the participant is excluded from or otherwise ceases to be a member of one of the NSP Closed Group of Users.

3.   In exercising its discretion under paragraph 2, the ECB shall take into account, inter alia, the seriousness of the event of default or events mentioned in points (a) to (c) of paragraph 2.

4.   In the event that the ECB suspends or terminates a participant’s participation in TARGET-ECB under paragraphs 1 or 2, the ECB shall without undue delay inform – by means of a broadcast message or, if that is not available, by any other appropriate means of communication – the respective participant, other CBs and participants in all of the TARGET component systems of such suspension or termination. Such message shall be deemed to have been issued by the home CB of the respective participant.

5.   Once a message issued under paragraph 4 has been received by the participants, they shall be deemed informed of the termination/suspension of a participant’s participation in TARGET-ECB or another TARGET component system. The participants shall bear any losses arising from the submission of a cash transfer order to participants whose participation has been suspended or terminated if such cash transfer order was entered into TARGET-ECB after receipt of the message.

Article 25

Closure of TARGET accounts by the ECB on termination of participation

On termination of a participant’s participation in TARGET-ECB pursuant to either Article 23 or 24, the ECB shall close the TARGET accounts of the participant concerned, after having settled or rejected any queued cash transfer orders, and made use of its rights of pledge and set-off under Article 26.

Article 26

The ECB’s rights of pledge and set-off

1.   The ECB shall have a pledge over the participant’s existing and future credit balances on its TARGET accounts, thereby collateralising any current and future claims arising out of the legal relationship between the parties.

2.   On the occurrence of:

| (a) | an event of default, referred to in Article 24(1); or |
| --- | --- |

(a)

an event of default, referred to in Article 24(1); or

| (b) | any other event of default or event referred to in Article 24(2) that has led to the termination or suspension of the participant’s participation, notwithstanding the commencement of any insolvency proceedings in respect of a participant and notwithstanding any assignment, judicial or other attachment or other disposition of or in respect of the participant’s rights, all obligations of the participant shall be automatically and immediately accelerated, without prior notice and without the need for any prior approval of any authority, so as to be immediately due. 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. |
| --- | --- |

(b)

any other event of default or event referred to in Article 24(2) that has led to the termination or suspension of the participant’s participation, notwithstanding the commencement of any insolvency proceedings in respect of a participant and notwithstanding any assignment, judicial or other attachment or other disposition of or in respect of the participant’s rights, all obligations of the participant shall be automatically and immediately accelerated, without prior notice and without the need for any prior approval of any authority, so as to be immediately due. 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.

3.   The ECB shall promptly give the participant notice of any set-off pursuant to paragraph 4 after such set-off has taken place.

4.   The ECB may without prior notice debit any participant’s TARGET accounts by any amount which the participant owes the ECB resulting from the legal relationship between the participant and the ECB .

5.   The provisions of this Article shall not create any right, pledge, charge or claim or set-off in respect of the following TARGET accounts used by AS:

| (a) | TARGET accounts used in accordance with the AS settlement procedures under Part VI or Part VII; |
| --- | --- |

(a)

TARGET accounts used in accordance with the AS settlement procedures under Part VI or Part VII;

| (b) | TARGET accounts held by AS under Parts II to V, where funds held on such accounts do not belong to the AS but are held on behalf of their customers or are used to settle cash transfer orders on behalf of their customers. |
| --- | --- |

(b)

TARGET accounts held by AS under Parts II to V, where funds held on such accounts do not belong to the AS but are held on behalf of their customers or are used to settle cash transfer orders on behalf of their customers.

Article 27

Confidentiality

1.   The ECB shall keep confidential all sensitive or secret information, including when such information relates to payment, technical or organisational information belonging to the participant, participants from the same group or the participant's customers, unless the participant or its customer has given its written consent to disclose.

2.   By derogation from paragraph 1, the participant agrees that information on any action taken under Article 24 shall not be considered as confidential.

3.   By derogation from paragraph 1, the participant agrees that the ECB may disclose payment, technical or organisational information regarding the participant, participants from the same banking group or the participant's customers, obtained in the course of the operation of TARGET-ECB to:

| (a) | other CBs or third parties that are involved in the operation of TARGET-ECB, to the extent that this is necessary for the efficient functioning of TARGET or the monitoring of the participant's or its banking group's exposure; |
| --- | --- |

(a)

other CBs or third parties that are involved in the operation of TARGET-ECB, to the extent that this is necessary for the efficient functioning of TARGET or the monitoring of the participant's or its banking group's exposure;

| (b) | other CBs in order to carry out the analyses necessary for market operations, monetary policy functions, financial stability or financial integration; or |
| --- | --- |

(b)

other CBs in order to carry out the analyses necessary for market operations, monetary policy functions, financial stability or financial integration; or

| (c) | supervisory, resolution and oversight authorities of Member States and the Union, including CBs, to the extent that this is necessary for the performance of their public tasks, |
| --- | --- |

(c)

supervisory, resolution and oversight authorities of Member States and the Union, including CBs, to the extent that this is necessary for the performance of their public tasks,

and provided that in all such cases the disclosure is not in conflict with applicable law.

4.   The ECB shall not be liable for the financial and commercial consequences of disclosure made in accordance with paragraph 3.

5.   By derogation from paragraph 1 and provided that this does not make it possible, whether directly or indirectly, to identify the participant or the participant's customers, the ECB may use, disclose or publish payment information regarding the participant or the participant's customers for statistical, historical, scientific or other purposes in the exercise of its public functions or of functions of other public entities to which the information is disclosed.

6.   Information relating to the operation of TARGET-ECB to which participants have had access may only be used for the purposes laid down in these Conditions. Participants shall keep such information confidential, unless the ECB has explicitly given its written consent to disclose. Participants shall ensure that any third parties to whom they outsource, delegate or subcontract tasks which have or may have an impact on the performance of their obligations under these Conditions are bound by the confidentiality requirements in this Article.

7.   The ECB shall be authorised, in order to settle cash transfer orders, to process and transfer the necessary data to the NSP.

Article 28

Data protection, prevention of money laundering, administrative or restrictive measures and related issues

1.   Participants shall be deemed to be aware of, shall comply with, and shall be able to demonstrate that compliance to the relevant competent authorities with all obligations on them relating to legislation on data protection. They shall be deemed to be aware of, and shall comply with all obligations on them relating to legislation on prevention of money laundering and the financing of terrorism, proliferation-sensitive nuclear activities and the development of nuclear weapons delivery systems, in particular in terms of implementing appropriate measures concerning any payments debited or credited on their TARGET accounts. Participants shall ensure that they are informed about their chosen NSP’s data retrieval policy prior to entering into the contractual relationship with the NSP.

2.   Participants authorise the ECB to obtain any information relating to them from any financial or supervisory authority or trade body, whether national or foreign, if such information is necessary for the participant’s participation in TARGET-ECB.

3.   Participants, when acting as the payment service provider of a payer or payee, shall comply with all requirements resulting from administrative or restrictive measures imposed pursuant to Article 75 or 215 of the Treaty to which they are subject, including with respect to notification and/or the obtaining of consent from a competent authority in relation to the processing of transactions. In addition:

| (a) | when the ECB is the payment service provider of a participant that is a payer:






  (i) | the participant shall make the required notification or obtain consent on behalf of the central bank that is primarily required to make notification or obtain consent, and shall provide the ECB with evidence of having made a notification or having received consent; |
| --- | --- | --- |

(a)

when the ECB is the payment service provider of a participant that is a payer:

(i)

the participant shall make the required notification or obtain consent on behalf of the central bank that is primarily required to make notification or obtain consent, and shall provide the ECB with evidence of having made a notification or having received consent;

| (ii) | the participant shall not enter any cash transfer order for the transfer of funds to an account held by an entity different than the participant, into TARGET until it has obtained confirmation from the ECB that the required notification has been made or the consent has been obtained by or on behalf of the payment service provider of the payee; |
| --- | --- |

(ii)

the participant shall not enter any cash transfer order for the transfer of funds to an account held by an entity different than the participant, into TARGET until it has obtained confirmation from the ECB that the required notification has been made or the consent has been obtained by or on behalf of the payment service provider of the payee;

| (b) | when the ECB is a payment service provider of a participant that is a payee, the participant shall make the required notification or obtain consent on behalf of the central bank that is primarily required to make notification or obtain consent, and shall provide the ECB with evidence of having made a notification or having received consent. |
| --- | --- |

(b)

when the ECB is a payment service provider of a participant that is a payee, the participant shall make the required notification or obtain consent on behalf of the central bank that is primarily required to make notification or obtain consent, and shall provide the ECB with evidence of having made a notification or having received consent.

For the purposes of this paragraph, the terms ‘payment service provider’, ‘payer’ and ‘payee’ shall have the meanings ascribed to them in the applicable administrative or restrictive measures.

Article 29

Notices

1.   Except where otherwise provided for in these Conditions, all notices required or permitted pursuant to these Conditions shall be sent by registered post, facsimile or other electronic means if agreed bilaterally, or otherwise in writing. Notices to the ECB shall be submitted to the Director-General of the ECB's Directorate-General Payment Systems and Market Infrastructure, at the European Central Bank, Sonnemannstrasse 22, 60314 Frankfurt am Main, GERMANY or to the BIC address of the ECB, ‘ECBFDEFF’, or to the electronic means bilaterally agreed. Notices to the participant shall be sent to it at the address, facsimile number or other electronic means bilaterally agreedor its BIC address as the participant may from time to time notify to the ECB.

2.   To prove that a notice has been sent, it shall be sufficient to prove that the notice was sent either physically or by electronic means to the relevant addressee.

3.   All notices shall be given in English.

4.   Participants shall be bound by all forms and documents of the ECB that the participants have filled in and/or signed, including but not limited to reference data collection forms, as referred to in Article 5(2), point (a), and information provided under Article 11(5), which were submitted in compliance with paragraphs 1 and 2 and which the ECB reasonably believes to have been received from the participants, their employees or agents.

Article 30

Contractual relationship with a NSP

1.   In order to send to or receive from TARGET instructions and messages, participants shall:

| (a) | conclude a contract with an NSP within the framework of the concession contract with that NSP in order to establish a technical connection to TARGET-ECB; or |
| --- | --- |

(a)

conclude a contract with an NSP within the framework of the concession contract with that NSP in order to establish a technical connection to TARGET-ECB; or

| (b) | connect via another entity which has itself concluded a contract with an NSP within the framework of the concession contract with that NSP. |
| --- | --- |

(b)

connect via another entity which has itself concluded a contract with an NSP within the framework of the concession contract with that NSP.

2.   The legal relationship between a participant and the NSP shall be exclusively governed by the terms and conditions of the contract concluded between them.

3.   The services to be provided by the NSP shall not form part of the services to be performed by the ECB in respect of TARGET.

4.   The ECB shall not be liable for any acts, errors or omissions of the NSP (including its directors, staff and subcontractors), or for any acts, errors or omissions of third parties selected by participants to gain access to the NSP’s network.

Article 31

Amendment procedure

The ECB may at any time unilaterally amend these Conditions, including the Appendices. Amendments to these Conditions, including the Appendices, shall be announced by means of communication in writing to the participants. Amendments shall be deemed to have been accepted unless the participant expressly objects within 14 days of being informed of such amendments. In the event that a participant objects to the amendment, the ECB is entitled immediately to terminate that participant’s participation in TARGET-ECB and close any of its TARGET accounts.

Article 32

Third party rights

1.   Participants shall not transfer, pledge or assign any rights, interests, obligations, responsibilities or claims arising from or relating to these Conditions to any third party without the ECB’s written consent.

2.   These Conditions do not create any rights in favour of or obligations in relation to any entity other than the ECB and participants in TARGET-ECB.

Article 33

Governing law, jurisdiction and place of performance

1.   The bilateral relationship between the ECB and participants in TARGET-ECB shall be governed by the law of the the Federal Republic of Germany.

2.   Without prejudice to the competence of the Court of Justice of the European Union, any dispute arising from a matter relating to the relationship referred to in paragraph 1 falls under the exclusive competence of the competent courts of Frankfurt am Main, Germany.

3.   The place of performance concerning the legal relationship between the ECB and the participants shall be Frankfurt am Main, Germany.

Article 34

Severability

If any provision in these Conditions is or becomes invalid, this shall not prejudice the applicability of all the other provisions of these Conditions.

Article 35

Entry into force and binding nature

1.   These Conditions become effective from 21 November 2022.

2.   By requesting to participate in TARGET- ECB, applicant participants automatically agree to these Conditions between themselves and in relation to the ECB.

PART II

Special terms and conditions for main cash accounts (MCAS)

Special terms and conditions for main cash accounts (MCAS)

Article 1

Opening and management of an MCA

1.   The ECB shall open and operate at least one MCA for each participant, except where the participant is an AS that only uses RTGS or TIPS AS settlement procedures, in which case the use of an MCA shall be at the discretion of the AS.

2.   The primary MCA designated by the participant shall be used for the following purposes:

| (a) | remuneration as set out in Part I, Article 12, unless the participant has designated another participant in TARGET-ECB for that purpose; |
| --- | --- |

(a)

remuneration as set out in Part I, Article 12, unless the participant has designated another participant in TARGET-ECB for that purpose;

| (b) | the granting of intraday credit, where applicable. |
| --- | --- |

(b)

the granting of intraday credit, where applicable.

3.   Any negative balance on a primary MCA shall not be lower than the credit line (if granted). There shall be no debit balance on an MCA that is not a primary MCA.

Article 2

Co-management of an MCA

1.   On the request of an MCA holder the ECBshall allow an MCA held by that MCA holder to be co-managed by one of the following:

| (a) | another MCA holder in TARGET- ECB; |
| --- | --- |

(a)

another MCA holder in TARGET- ECB;

| (b) | an MCA holder in another TARGET component system; |
| --- | --- |

(b)

an MCA holder in another TARGET component system;

If the MCA holder holds more than one MCA, each MCA held may be co-managed by a different comanager. The co-manager shall have the same rights and privileges in relation to an MCA that it co-manages as it has in relation to its own MCA.

2.   The MCA holder shall provide the ECB with evidence of the consent of the co-manager to act in that capacity.

3.   An MCA holder acting as co-manager shall fulfil the obligations of the MCA holder of the co-managed MCA under Part I, Article 5(1), point (a), Part I, Article 10(4), and Part I, Article 30(1).

4.   The MCA holder of a co-managed MCA shall fulfil the obligations of a participant under Part I and Part II in respect of the co-managed MCA. In the event that the MCA holder does not have a direct technical connection to TARGET, Part I, Article 5(1), point (a), Part I, Article 10(4), and Part I Article 30(1) shall not apply.

5.   Part I, Article 7 shall apply to an MCA holder that designates an entity to act as co-manager of an MCA holder’s MCA pursuant to this Article.

6.   The MCA holder shall immediately notify the ECB if the co-manager ceases to act or the co-management arrangement between the MCA holder and the co-manager is terminated.

Article 3

MCA liquidity transfer group

1.   On the request of an MCA holder the ECB shall create an MCA liquidity transfer group, for the purpose of enabling the processing of MCA-to-MCA liquidity transfer orders.

2.   On the request of an MCA holder the ECB shall add one of the MCA holder’s MCAs to or delete it from an existing MCA liquidity transfer group created in TARGET-ECB or another TARGET component system. The MCA holder shall inform all other MCA holders in that MCA liquidity transfer group before making such a request.

Article 4

Transactions processed via an MCA

1.   The following transactions shall be processed via an MCA in TARGET-ECB:

| (a) | central bank operations; |
| --- | --- |

(a)

central bank operations;

| (b) | liquidity transfer orders to and from overnight deposit accounts opened by the ECB in the name of the participant; |
| --- | --- |

(b)

liquidity transfer orders to and from overnight deposit accounts opened by the ECB in the name of the participant;

| (c) | liquidity transfer orders to another MCA within the same MCA liquidity transfer group; |
| --- | --- |

(c)

liquidity transfer orders to another MCA within the same MCA liquidity transfer group;

| (d) | liquidity transfer orders to a T2S DCA, TIPS DCA or RTGS DCA, or to a sub-account thereof. |
| --- | --- |

(d)

liquidity transfer orders to a T2S DCA, TIPS DCA or RTGS DCA, or to a sub-account thereof.

Article 5

Liquidity transfer orders

1.   An MCA holder may submit a liquidity transfer order as one of the following:

| (a) | an immediate liquidity transfer order, which shall be an instruction for execution immediately; |
| --- | --- |

(a)

an immediate liquidity transfer order, which shall be an instruction for execution immediately;

| (b) | a standing liquidity transfer order, which shall be an instruction for the recurring execution of the transfer of a specified amount on the occurrence of a predefined event each business day. |
| --- | --- |

(b)

a standing liquidity transfer order, which shall be an instruction for the recurring execution of the transfer of a specified amount on the occurrence of a predefined event each business day.

Article 6

Rule-based liquidity transfer orders

1.   An MCA holder may specify a floor and/or a ceiling amount for its MCA.

2.   By setting a ceiling and opting for a rule-based liquidity transfer order, if, following the settlement of a payment order, the ceiling is breached, the MCA holder instructs the ECB to execute a rule-based liquidity transfer order that credits an RTGS DCA or another MCA within the same MCA liquidity transfer group designated by that MCA holder. The credited RTGS DCA or MCA may be in TARGET-ECB or another TARGET component system.

3.   By setting a floor and opting for a rule-based liquidity transfer order, if, following the settlement of a payment order, the floor is breached, a rule-based liquidity transfer order is initiated which debits an RTGS DCA or another MCA within the same MCA liquidity transfer group designated by that MCA holder. The debited RTGS DCA or MCA may be in TARGET-ECB or another TARGET component system. The holder of the RTGS DCA or MCA to be debited must authorise its account to be debited in this manner.

4.   An MCA holder may authorise its MCA to be debited in the event that a floor is breached in one or more specified RTGS DCAs or MCAs within the same liquidity transfer group in TARGET-ECB or another TARGET component system. By authorising its account to be debited, the MCA holder instructs the ECB to execute a rule-based liquidity transfer order that credits the RTGS DCA(s) or MCA(s) whenever the floor is breached.

5.   An MCA holder may authorise its MCA to be debited in the event that there is insufficient liquidity on an RTGS DCA designated for the purpose of automated liquidity transfer orders under Part III, Article 1(5) and (6) to settle urgent payment orders, AS transfer orders or high priority payment orders. By authorising its account to be debited, the MCA holder instructs the ECB to execute a rulebased liquidity transfer order that credits its RTGS DCA.

Article 7

Processing of cash transfer orders

1.   Cash transfer orders, once accepted, shall settle immediately provided that there is available liquidity on the payer’s MCA.

2.   In the event that there are insufficient funds on an MCA to effect settlement, the relevant rule as set out in points (a) to (e) shall apply depending on the type of cash transfer order.

| (a) | Payment order on the MCA: the instruction shall be rejected if it is initiated by the ECBand would trigger both a change in the participant’s line of intraday credit and a corresponding debit or credit of its MCA. All other instructions shall be queued. |
| --- | --- |

(a)

Payment order on the MCA: the instruction shall be rejected if it is initiated by the ECBand would trigger both a change in the participant’s line of intraday credit and a corresponding debit or credit of its MCA. All other instructions shall be queued.

| (b) | Immediate liquidity transfer order: the order shall be rejected without partial settlement or any further attempt to settle. |
| --- | --- |

(b)

Immediate liquidity transfer order: the order shall be rejected without partial settlement or any further attempt to settle.

| (c) | Standing liquidity transfer order: the order shall be partially settled without any further attempt to settle. |
| --- | --- |

(c)

Standing liquidity transfer order: the order shall be partially settled without any further attempt to settle.

| (d) | Rule-based liquidity transfer order: the order shall be partially settled without any further attempt to settle. |
| --- | --- |

(d)

Rule-based liquidity transfer order: the order shall be partially settled without any further attempt to settle.

| (e) | Liquidity transfer order to an overnight deposit account: the order shall be rejected without partial settlement or any further attempt to settle. |
| --- | --- |

(e)

Liquidity transfer order to an overnight deposit account: the order shall be rejected without partial settlement or any further attempt to settle.

3.   All cash transfer orders in the queue shall be processed following the ‘first in, first out’ (FIFO) principle without prioritisation or reordering.

4.   Cash transfer orders in the queue at the end of the business day shall be rejected.

Article 8

Liquidity reservation orders

1.   An MCA holder may instruct the ECB to reserve a specified amount of liquidity on its MCA for the purpose of settling central bank operations or liquidity transfer orders to overnight deposit accounts using one of the following:

| (a) | a current liquidity reservation order that shall have immediate effect for the current TARGET business day; |
| --- | --- |

(a)

a current liquidity reservation order that shall have immediate effect for the current TARGET business day;

| (b) | a standing liquidity reservation order to be carried out at the start of every TARGET business day. |
| --- | --- |

(b)

a standing liquidity reservation order to be carried out at the start of every TARGET business day.

2.   In the event that the amount of unreserved liquidity is not sufficient to fulfil the current or standing liquidity reservation order, the ECB shall partially execute the reservation order. The ECB is instructed to execute further reservation orders until the outstanding amount to be reserved is reached. Pending reservation orders shall be rejected at the end of the business day.

3.   Central bank operations shall be settled using the liquidity reserved as set out in paragraph 1 and other cash transfer orders shall only be settled using liquidity available after the amount reserved has been deducted.

4.   Notwithstanding paragraph 3, in the event of insufficient unreserved liquidity on the MCA holder’s primary MCA for the purpose of decreasing the MCA holder’s line of intraday credit the ECBshall use the liquidity reserved.

Article 9

Processing of cash transfer orders in the event of suspension or termination

1.   Upon termination of a participant’s participation in TARGET-ECB, the ECB shall not accept any new cash transfer orders from that participant. Cash transfer orders in the queue, warehoused cash transfer orders or new cash transfer orders in favour of that participant shall be rejected.

2.   If a participant is suspended from TARGET-ECB on grounds other than those specified in Part I, Article 24 (1), point (a), the ECB shall store all of that participant’s incoming and outgoing cash transfer orders on its MCA and only submit them for settlement after they have been explicitly accepted by the suspended participant’s CB.

3.   If a participant is suspended from TARGET-ECB on the grounds specified in Part I, Article 24(1), point (a), any outgoing cash transfer orders from that participant’s MCA shall only be processed on the instructions of its representatives, including those appointed by a competent authority or a court, such as the participant’s insolvency administrator, or pursuant to an enforceable decision of a competent authority or a court providing instructions as to how the cash transfer orders are to be processed. All incoming cash transfer orders shall be processed in accordance with paragraph 2.

Article 10

No intraday credit

No intraday credit is provided to participants in TARGET-ECB.

PART III

Special terms and conditions for real-time gross settlement dedicated cash accounts (RTGS DCAS)

Special terms and conditions for real-time gross settlement dedicated cash accounts (RTGS DCAS)

Article 1

Opening and management of an RTGS DCA

1.   The ECB shall on the request of an MCA holder open and operate one or more RTGS DCAs, and one or more sub-accounts if required for use for AS settlement. If the MCA holder has adhered to the SCT Inst scheme by signing the SEPA Instant Credit Transfer Adherence Agreement, the RTGS DCA(s) (and any sub-accounts) shall not be opened or operated unless the MCA holder is and remains reachable at all times, either as a TIPS DCA holder or as a reachable party via a TIPS DCA holder.

2.   The ECB shall on the request of the holder of an account opened pursuant to paragraph 1 (RTGS DCA holder) add the RTGS DCA or its sub-account to a settlement bank account group for AS settlement. The RTGS DCA holder shall provide the ECB with any relevant documents, duly signed by that RTGS DCA holder and the AS.

3.   There shall be no debit balance on an RTGS DCA or its sub-accounts.

4.   Sub-accounts shall have a zero balance overnight.

5.   An RTGS DCA holder shall designate one of its RTGS DCAs in TARGET-ECB for the purpose of processing automated liquidity transfer orders. By such designation the RTGS DCA holder instructs the ECB to execute an automated liquidity transfer that credits the MCA in the event that there are insufficient funds on its primary MCA for the settlement of payment orders that are central bank operations.

6.   A participant holding two or more RTGS DCAs and two or more MCAs shall designate one of its RTGS DCAs in TARGET-ECB, which is not already designated to its primary MCA, for the purpose of processing automated liquidity transfer orders in the event that there are insufficient funds on one of its other MCAs for the settlement of payment orders that are central bank operations.

Article 2

Addressable BIC holders

1.   RTGS DCA holders that are entities as set out in Part I, Article 4 may only register as an addressable BIC holder, any BIC that belongs to the same legal entity.

2.   An addressable BIC holder may submit cash transfer orders to and receive cash transfer orders via an RTGS DCA holder.

3.   An addressable BIC holder may not be registered by more than one RTGS DCA holder.

4.   Cash transfer orders submitted or cash transfers received by addressable BIC holders shall be deemed to have been submitted or received by the participant itself.

5.   The participant shall be bound by such cash transfer orders and any other action taken by the addressable BIC holders, regardless of the content of, or any non-compliance with, the contractual or other arrangements between that participant and such entity.

Article 3

Multi-addressee access

Multi-addressee access is not offered in TARGET-ECB.

Article 4

RTGS liquidity transfer group

1.   On the request of an RTGS DCA holder the ECB shall create an RTGS liquidity transfer group, for the purpose of enabling the processing of RTGS DCA-to-RTGS DCA liquidity transfer orders.

2.   On the request of an RTGS DCA holder the ECB shall add one of the RTGS DCA holder’s RTGS DCAs to or delete it from an existing RTGS liquidity transfer group created in TARGET-ECB or another TARGET component system. The RTGS DCA holder shall inform all other RTGS DCA holders in that RTGS liquidity transfer group before making such a request.

Article 5

Transactions processed on an RTGS DCA and its sub-accounts

1.   Payment orders to other RTGS DCAs and cash transfer orders to AS guarantee fund accounts shall be processed via an RTGS DCA in TARGET-ECB.

2.   Cash transfer orders related to RTGS AS settlement procedures shall be settled via an RTGS DCA or its sub-accounts in TARGET-ECB.

3.   The following transactions may be processed via an RTGS DCA or its sub-accounts in TARGET-ECB:

| (a) | liquidity transfer orders to another RTGS DCA within the same RTGS liquidity transfer group; |
| --- | --- |

(a)

liquidity transfer orders to another RTGS DCA within the same RTGS liquidity transfer group;

| (b) | liquidity transfer orders to a TIPS DCA or an MCA; |
| --- | --- |

(b)

liquidity transfer orders to a TIPS DCA or an MCA;

| (c) | liquidity transfers to an overnight deposit account. |
| --- | --- |

(c)

liquidity transfers to an overnight deposit account.

4.   Liquidity transfer orders to T2S DCAs may be processed via an RTGS DCA in TARGET-ECB.

Article 6

Liquidity transfer orders

1.   An RTGS DCA holder may submit a liquidity transfer order as one of the following:

| (a) | an immediate liquidity transfer order, which shall be an instruction for execution immediately; |
| --- | --- |

(a)

an immediate liquidity transfer order, which shall be an instruction for execution immediately;

| (b) | a standing liquidity transfer order, which shall be an instruction for the recurring execution of the transfer of a specified amount on the occurrence of a predefined event each business day; |
| --- | --- |

(b)

a standing liquidity transfer order, which shall be an instruction for the recurring execution of the transfer of a specified amount on the occurrence of a predefined event each business day;

2.   A standing liquidity transfer order may be input or modified by the RTGS DCA holder at any time during a business day and shall become effective as of the next business day.

3.   An immediate liquidity transfer order may be input by the RTGS DCA holder at any time during a business day. An immediate liquidity transfer order for processing in accordance with RTGS AS settlement procedures C or D may also be input by the relevant AS on behalf of the settlement bank.

Article 7

Rule-based liquidity transfer orders

1.   An RTGS DCA holder may specify a floor and/or a ceiling amount for its RTGS DCA.

| (a) | By setting a ceiling and opting for a rule-based liquidity transfer order, if, following the settlement of a payment order or AS transfer order, the ceiling is breached, the RTGS DCA holder instructs the ECB to execute a rule-based liquidity transfer order that credits an MCA designated by that RTGS DCA holder. The credited MCA may belong to another participant in TARGET-ECB or in another TARGET component system. |
| --- | --- |

(a)

By setting a ceiling and opting for a rule-based liquidity transfer order, if, following the settlement of a payment order or AS transfer order, the ceiling is breached, the RTGS DCA holder instructs the ECB to execute a rule-based liquidity transfer order that credits an MCA designated by that RTGS DCA holder. The credited MCA may belong to another participant in TARGET-ECB or in another TARGET component system.

| (b) | By setting a floor, and opting for a rule-based liquidity transfer order, if, following the settlement of a payment order or AS transfer order, the floor is breached, a rule-based liquidity transfer order is initiated that debits an MCA authorised by the MCA holder. The debited MCA may belong to another participant in TARGET-ECB or in another TARGET component system. The holder of the debited MCA must authorise its MCA to be debited in this manner. |
| --- | --- |

(b)

By setting a floor, and opting for a rule-based liquidity transfer order, if, following the settlement of a payment order or AS transfer order, the floor is breached, a rule-based liquidity transfer order is initiated that debits an MCA authorised by the MCA holder. The debited MCA may belong to another participant in TARGET-ECB or in another TARGET component system. The holder of the debited MCA must authorise its MCA to be debited in this manner.

2.   An RTGS DCA holder may authorise its RTGS DCA to be debited in the event that a floor is breached in one or more specified MCAs in TARGET-ECB or another TARGET component system. By authorising its RTGS DCA to be debited, the RTGS DCA holder instructs the ECB to execute a rule-based liquidity transfer order that credits the MCA(s) whenever the floor is breached.

3.   An RTGS DCA holder may authorise its MCA designated for the purpose of automated liquidity transfer orders under Article 1(5) and (6) to be debited in the event that there is insufficient liquidity on the RTGS DCA to settle urgent payment orders, AS transfer orders or high priority payment orders on its RTGS DCA.

Article 8

Priority rules

1.   The order of priority for the processing of cash transfer orders, in descending level of urgency, shall be:

| (a) | urgent; |
| --- | --- |

(a)

urgent;

| (b) | high; |
| --- | --- |

(b)

high;

| (c) | normal. |
| --- | --- |

(c)

normal.

2.   The following orders shall automatically be assigned the priority ‘urgent’:

| (a) | AS transfer orders; |
| --- | --- |

(a)

AS transfer orders;

| (b) | liquidity transfer orders including automated liquidity transfer orders; |
| --- | --- |

(b)

liquidity transfer orders including automated liquidity transfer orders;

| (c) | cash transfer orders to an AS technical account for RTGS AS settlement procedure D. |
| --- | --- |

(c)

cash transfer orders to an AS technical account for RTGS AS settlement procedure D.

3.   All cash transfer orders not listed in paragraph 2 shall automatically be assigned the priority ‘normal’, except payment orders to which the RTGS DCA holder has at its discretion assigned the priority ‘high’.

Article 9

Processing of cash transfer orders on RTGS DCAs

1.   Cash transfer orders on RTGS DCAs shall be settled immediately they are accepted, or later as indicated by the RTGS DCA holder in accordance with Article 16 or Article 17, provided in all cases that:

| (a) | there is available liquidity on the payer’s RTGS DCA; |
| --- | --- |

(a)

there is available liquidity on the payer’s RTGS DCA;

| (b) | no cash transfer orders of equal or higher priority are queued; and |
| --- | --- |

(b)

no cash transfer orders of equal or higher priority are queued; and

| (c) | any debit limits set in accordance with Article 15 are observed. |
| --- | --- |

(c)

any debit limits set in accordance with Article 15 are observed.

2.   If any of the conditions set out in points (a) to (c) of paragraph 1 are not met in relation to a cash transfer order, the following shall apply.

| (a) | In the case of an automated liquidity transfer order, the ECB is instructed to execute the instruction partially and to execute further liquidity transfers whenever liquidity is available, up to the amount of the initial automated liquidity transfer order. |
| --- | --- |

(a)

In the case of an automated liquidity transfer order, the ECB is instructed to execute the instruction partially and to execute further liquidity transfers whenever liquidity is available, up to the amount of the initial automated liquidity transfer order.

| (b) | In the case of an immediate liquidity transfer order, the order shall be rejected without partial settlement or any further attempt to settle unless the order is initiated by an AS, in which case it shall be partially settled without any further attempt to settle. |
| --- | --- |

(b)

In the case of an immediate liquidity transfer order, the order shall be rejected without partial settlement or any further attempt to settle unless the order is initiated by an AS, in which case it shall be partially settled without any further attempt to settle.

| (c) | In the case of a standing liquidity transfer order or a rule-based liquidity transfer order, the order shall be partially settled without any further attempt to settle. A standing liquidity transfer order triggered by mandatory RTGS AS settlement procedures C or D and for which there are insufficient funds on the RTGS DCA shall be settled following a pro rata reduction of all orders. A standing liquidity transfer order triggered by optional RTGS AS settlement procedure C and for which there are insufficient funds on the RTGS DCA shall be rejected. |
| --- | --- |

(c)

In the case of a standing liquidity transfer order or a rule-based liquidity transfer order, the order shall be partially settled without any further attempt to settle. A standing liquidity transfer order triggered by mandatory RTGS AS settlement procedures C or D and for which there are insufficient funds on the RTGS DCA shall be settled following a pro rata reduction of all orders. A standing liquidity transfer order triggered by optional RTGS AS settlement procedure C and for which there are insufficient funds on the RTGS DCA shall be rejected.

3.   Cash transfer orders on RTGS DCAs, other than those orders referred to in paragraph 2 shall be queued and processed in accordance with the rules set out in Article 10.

Article 10

Queue management and settlement optimisation

1.   Cash transfer orders on RTGS DCAs that are queued in accordance with Article 9(3) shall be processed according to their priority. Subject to paragraph 2 to 5, the ‘first in, first out' (FIFO) principle shall apply within each category or subcategory of cash transfer orders priority as follows:

| (a) | urgent cash transfer orders: the automated liquidity transfer orders shall be placed first in the queue. AS transfer orders and other urgent cash transfer orders shall be placed next in the queue; |
| --- | --- |

(a)

urgent cash transfer orders: the automated liquidity transfer orders shall be placed first in the queue. AS transfer orders and other urgent cash transfer orders shall be placed next in the queue;

| (b) | high priority cash transfer orders shall not be settled while urgent cash transfer orders are queued; |
| --- | --- |

(b)

high priority cash transfer orders shall not be settled while urgent cash transfer orders are queued;

| (c) | normal priority cash transfer orders shall not be settled while urgent or high priority cash transfer orders are queued. |
| --- | --- |

(c)

normal priority cash transfer orders shall not be settled while urgent or high priority cash transfer orders are queued.

2.   The payer may change the priority of its cash transfer orders other than urgent cash transfer orders.

3.   The payer may change the position of its cash transfer orders in the queue. The payer may move such cash transfer orders either behind the automated liquidity transfer orders in the queue or to the end of the respective queue with immediate effect at any time during the settlement window for customer and interbank payments as specified in Appendix V.

4.   To optimise the settlement of queued cash transfer orders, the ECB may:

| (a) | use the optimisation procedures described in Appendix I; |
| --- | --- |

(a)

use the optimisation procedures described in Appendix I;

| (b) | settle cash transfer orders with a lower priority (or of the same priority but accepted later) before cash transfer orders with a higher priority (or of the same priority accepted earlier), if the cash transfer orders with a lower priority would net out with payments to be received and result on balance in a liquidity increase for the payer; |
| --- | --- |

(b)

settle cash transfer orders with a lower priority (or of the same priority but accepted later) before cash transfer orders with a higher priority (or of the same priority accepted earlier), if the cash transfer orders with a lower priority would net out with payments to be received and result on balance in a liquidity increase for the payer;

| (c) | settle cash transfer orders with normal priority before other queued normal priority payments accepted earlier, provided that sufficient funds are available and notwithstanding that this may contravene the FIFO principle. |
| --- | --- |

(c)

settle cash transfer orders with normal priority before other queued normal priority payments accepted earlier, provided that sufficient funds are available and notwithstanding that this may contravene the FIFO principle.

5.   Queued cash transfer orders shall be rejected if they cannot be settled by the cut-off times for the relevant message type as specified in Appendix V.

6.   The provisions regarding settlement of cash transfer orders as set out in Appendix I shall apply.

Article 11

Liquidity reservation orders

1.   An RTGS DCA holder may instruct the ECB to reserve a specified amount of liquidity on its RTGS DCA using one of the following:

| (a) | a current liquidity reservation order that shall have immediate effect for the current TARGET business day; |
| --- | --- |

(a)

a current liquidity reservation order that shall have immediate effect for the current TARGET business day;

| (b) | a standing liquidity reservation order to be carried out at the start of every TARGET business day. |
| --- | --- |

(b)

a standing liquidity reservation order to be carried out at the start of every TARGET business day.

2.   An RTGS DCA holder shall assign one of the following statuses to a current or standing liquidity reservation order:

| (a) | high priority: allows the usage of the liquidity for urgent or high priority cash transfer orders; |
| --- | --- |

(a)

high priority: allows the usage of the liquidity for urgent or high priority cash transfer orders;

| (b) | urgent priority: allows the usage of the liquidity only for urgent cash transfer orders. |
| --- | --- |

(b)

urgent priority: allows the usage of the liquidity only for urgent cash transfer orders.

3.   In the event that the amount of unreserved liquidity is not sufficient to fulfil the current or standing liquidity reservation order, the ECB shall partially execute the reservation order and is instructed to execute further reservation orders until the outstanding amount to be reserved is reached. Pending reservation orders shall be rejected at the end of the business day.

4.   By requesting the reservation of a specified amount of liquidity for usage for urgent cash transfer orders, the RTGS DCA holder instructs the ECB only to settle high priority and normal priority cash transfer orders if there is available liquidity after the amount reserved for usage for urgent cash transfer orders has been deducted.

5.   By requesting the reservation of a specified amount of liquidity for usage for high priority cash transfer orders, the RTGS DCA holder instructs the ECB only to settle normal priority cash transfer orders if there is available liquidity after the amount reserved for usage for urgent and high priority cash transfer orders has been deducted.

Article 12

Recall request and answer

1.   An RTGS DCA holder may enter a recall request to request the return of a settled payment order.

2.   The recall request shall be forwarded to the payee of the settled payment order which may answer positively or negatively. A positive answer does not initiate a return of the funds.

Article 13

RTGS directory

1.   The RTGS directory is a list of BICs used for the purpose of routing information and comprises the BICs of:

| (a) | RTGS DCA holders; |
| --- | --- |

(a)

RTGS DCA holders;

| (b) | any entity with multi-addressee access; |
| --- | --- |

(b)

any entity with multi-addressee access;

| (c) | addressable BIC holders. |
| --- | --- |

(c)

addressable BIC holders.

2.   The RTGS directory shall be updated daily.

3.   Unless otherwise requested by an RTGS DCA holder, its BICs shall be published in the RTGS directory.

4.   RTGS DCA holders may only distribute the RTGS directory to their branches and entities with multiaddressee access.

5.   RTGS DCA holders acknowledge that the ECB and other CBs may publish RTGS DCA holders’ names and BICs. In addition, names and BICs of addressable BIC holders or entities with multi-addressee access may be published and RTGS DCA holders shall ensure that addressable BIC holders or entities with multi-addressee access have agreed to such publication.

Article 14

Processing of cash transfer orders in the event of suspension or termination

1.   Upon termination of an RTGS DCA holder’s participation in TARGET-ECB, the ECB shall not accept any new cash transfer orders from that RTGS DCA holder. Cash transfer orders in the queue, warehoused cash transfer orders or new cash transfer orders in favour of that RTGS DCA holder shall be rejected.

2.   If an RTGS DCA holder’s participation in TARGET-ECB is suspended on grounds other than those specified in Part I, Article 25(1), point (a), the ECB shall store all of that RTGS DCA holder’s incoming and outgoing cash transfer orders on its RTGS DCA and only submit them for settlement after they have been explicitly accepted by the suspended RTGS DCA holder’s CB.

3.   If an RTGS DCA holder’s participation in TARGET-ECB is suspended on the grounds specified in Part I, Article 25(1), point (a), any outgoing cash transfer orders from that RTGS DCA holder’s RTGS DCA shall only be processed on the instructions of its representatives, including those appointed by a competent authority or a court, such as the RTGS DCA holder’s insolvency administrator, or pursuant to an enforceable decision of a competent authority or a court providing instructions as to how the cash transfer orders are to be processed. All incoming cash transfer orders shall be processed in accordance with paragraph 2.

Article 15

Debit limits

1.   An RTGS DCA holder may limit the use of available liquidity for payment orders on its individual RTGS DCAs in relation to other RTGS DCAs, except any of the CBs, by specifying bilateral or multilateral limits. Such limits may only be defined in relation to normal priority payment orders.

2.   By specifying a bilateral limit, an RTGS DCA holder instructs the ECB that an accepted payment order shall not be settled if the sum of its outgoing normal priority payment orders to another RTGS DCA holder’s RTGS DCA minus the sum of all incoming urgent, high priority and normal priority payments from that RTGS DCA (the net bilateral position) would exceed this bilateral limit.

3.   An RTGS DCA holder may specify a multilateral limit for any relationship that is not subject to a bilateral limit. A multilateral limit may only be specified if the RTGS DCA holder has set at least one bilateral limit. If an RTGS DCA holder specifies a multilateral limit, it instructs the ECB that an accepted payment order shall not be settled if the sum of its outgoing normal priority payment orders to all RTGS DCA holders’ RTGS DCAs in relation to which no bilateral limit has been specified minus the sum of all incoming urgent, high priority and normal priority payments from those RTGS DCAs (the net multilateral position) would exceed this multilateral limit.

4.   Limits may be changed in real time with immediate effect or with effect from the next business day. If a limit is changed to zero, it shall not be possible to change it again on the same business day. The definition of a new bilateral or multilateral limit shall only be effective from the next business day.

Article 16

Participants’ instructions with regard to settlement times

1.   An RTGS DCA holder may indicate the earliest time before which a payment order cannot settle or the latest time after which time the payment order will be rejected by using the earliest debit time indicator or the latest debit time indicator, respectively, or may indicate a time range during which the payment order will settle by using both indicators. An RTGS DCA holder may also use the latest debit time indicator solely as a warning indicator. In such cases, the payment order concerned shall not be rejected.

2.   In the event that 15 minutes prior to the indicated latest debit time the payment order has not been settled, the RTGS DCA holder concerned shall be notified accordingly.

Article 17

Payment orders submitted in advance

1.   Payment orders may be submitted up to 10 calendar days before the specified settlement date (warehoused payment orders).

2.   Warehoused payment orders shall be accepted and submitted for processing on the date specified by the RTGS DCA holder at the start of settlement window on that day for customer and interbank payments, as referred to in Appendix V. They shall be placed in front of payment orders of the same priority.

Article 18

Direct debit

1.   An RTGS DCA holder (payer) may give its authorisation for another RTGS DCA holder (payee) in TARGET-ECB or in another TARGET component system to debit the payer’s RTGS DCA by direct debit.

2.   To enable such arrangement the payer shall provide a prior authorisation to the ECB entitling the ECB to debit the payer’s RTGS DCA upon receipt of a valid direct debit instruction.

3.   If a payee receives the authorisation as described in paragraph 1, it may submit direct debit instructions to debit the payer’s RTGS DCA by the amount specified in the instruction.

4.   An RTGS DCA holder that requests to be added to a settlement bank account group of an AS shall be deemed to have given authorisation to the ECB entitling the ECB to debit the RTGS DCA holder’s RTGS DCA and sub-account upon receipt of a valid direct debit instruction by that AS.

Article 19

Back-up payment functionality

In the event of the failure of its payment infrastructure, an RTGS DCA holder may request the ECB to activate the back-up payment functionality. This allows the RTGS DCA holder to enter certain payment orders using the Graphical User Interface (GUI).

Article 20

Security rights in relation to funds on sub-accounts

1.   The ECB shall have a pledge over the balance on an RTGS DCA holder’s sub-account opened under the arrangements between the relevant AS and its CB for the settlement of AS-related payment instructions in accordance with RTGS AS settlement procedure C. Such balance shall collateralise the RTGS DCA holder’s obligation referred to in paragraph 7 towards the ECB in relation to such settlement.

2.   Upon receipt by the ECB of a ‘start-of-cycle’ message, the ECB shall ensure that the balance on the sub-account of the RTGS DCA holder (including increases or reductions of that balance resulting from crediting or debiting cross-system settlement payments to or from the sub-account, or from crediting liquidity transfers to the sub-account) at the moment the AS starts a cycle can only be used for the settlement of AS transfer orders related to that settlement procedure C. Upon receipt by the ECB of an ‘end-of-cycle’ message the balance on the sub-account shall be available for the use of the RTGS DCA holder.

3.   By confirming the balance on the RTGS DCA holder’s sub-account, the ECB guarantees to the AS payment up to the amount of this particular balance. By confirming, where applicable, the increase or reduction of the balance upon crediting or debiting cross-system settlement payments to or from the sub-account or crediting liquidity transfers to the sub-account, the guarantee is automatically increased or reduced by the amount of the payment. Notwithstanding the abovementioned increase or reduction of the guarantee, the guarantee shall be irrevocable, unconditional and payable on first demand. If the ECB is not the AS’s CB, the ECB shall be deemed instructed to issue the abovementioned guarantee to the AS’s CB.

4.   In the absence of any insolvency proceedings in relation to the RTGS DCA holder, the AS transfer orders for the squaring of the RTGS DCA holder’s settlement obligation shall be settled without drawing on the guarantee and without recourse to the security right over the balance on the RTGS DCA holder’s sub-account.

5.   In the event of the RTGS DCA holder’s insolvency, the AS transfer orders for the squaring of the RTGS DCA holder’s settlement obligation shall be a first demand for payment under the guarantee; the debiting of the instructed amount from the RTGS DCA holder’s sub-account (and crediting of the AS’s RTGS AS technical account) shall therefore equally involve the discharge of the guarantee obligation by the ECB and a realisation of its collateral right over the balance on the RTGS DCA holder’s sub-account.

6.   The guarantee shall expire upon receipt by the ECB of an ‘end-of-cycle’ message confirming that the settlement has been completed.

7.   The RTGS DCA holder shall be obliged to reimburse to the ECB any payment made by the latter under such guarantee.

PART IV

Special terms and conditions for TARGET2-securities dedicated cash accounts (T2S DCAs)

Special terms and conditions for TARGET2-securities dedicated cash accounts (T2S DCAs)

Article 1

Opening and management of a T2S DCA

1.   The ECB shall on the request of an MCA holder open and operate one or more T2S DCAs.

2.   There shall be no debit balance on a T2S DCA.

3.   A T2S DCA holder shall designate one MCA for the purpose of processing liquidity transfer orders between T2S DCAs as referred to in Article 3(1), point (c). The designated MCA may be held in TARGET-ECB or another TARGET component system and may belong to a different participant.

Article 2

Links between securities accounts and T2S DCAs

1.   A T2S DCA holder may request the ECB to link its T2S DCA to one or more securities account(s) held on its own behalf or on behalf of its clients which hold securities accounts in one or more participating CSDs.

2.   T2S DCA holders linking their T2S DCA to securities account(s) on behalf of clients as set out in paragraph 1 are responsible for establishing and maintaining the list of linked securities accounts and, where relevant, the set-up of the client-collateralisation feature.

3.   As a result of the request under paragraph 1, the T2S DCA holder is deemed to have given a mandate to the CSD where such linked securities accounts are maintained to debit the T2S DCA with the amounts resulting from securities transactions taking place on these securities accounts.

4.   Paragraph 3 shall apply regardless of any agreements the T2S DCA holder has with the CSD and/or the securities account holders.

Article 3

Transactions processed on T2S DCAs

1.   The following transactions shall be processed via a T2S DCA in TARGET-ECB:

| (a) | the settlement of cash instructions stemming from T2S provided that the T2S DCA holder has designated the relevant securities account(s), as referred to in Article 2; |
| --- | --- |

(a)

the settlement of cash instructions stemming from T2S provided that the T2S DCA holder has designated the relevant securities account(s), as referred to in Article 2;

| (b) | liquidity transfer orders to an RTGS DCA, a TIPS DCA or an MCA; |
| --- | --- |

(b)

liquidity transfer orders to an RTGS DCA, a TIPS DCA or an MCA;

| (c) | liquidity transfer orders between T2S DCAs belonging to the same participant or in respect of which the same MCA has been designated pursuant to Article 1(3); |
| --- | --- |

(c)

liquidity transfer orders between T2S DCAs belonging to the same participant or in respect of which the same MCA has been designated pursuant to Article 1(3);

| (d) | cash transfer orders between the T2S DCA and the T2S DCA of the ECB in the particular context of Article 10(2) and (3). |
| --- | --- |

(d)

cash transfer orders between the T2S DCA and the T2S DCA of the ECB in the particular context of Article 10(2) and (3).

2.   Corporate actions payments may be processed via a T2S DCA.

Article 4

Liquidity transfer orders

A T2S DCA holder may submit liquidity transfer orders as one of the following:

| (a) | an immediate liquidity transfer order, which shall be an instruction for execution immediately; |
| --- | --- |

(a)

an immediate liquidity transfer order, which shall be an instruction for execution immediately;

| (b) | a standing liquidity transfer order, which shall be an instruction for the recurring execution of (i) a transfer of a specified transfer amount or (ii) a transfer to reduce the balance of the T2S DCA to a predefined level with the amount of the reduction being transferred to an RTGS DCA, a TIPS DCA or an MCA, on the occurrence of a predefined event each business day. |
| --- | --- |

(b)

a standing liquidity transfer order, which shall be an instruction for the recurring execution of (i) a transfer of a specified transfer amount or (ii) a transfer to reduce the balance of the T2S DCA to a predefined level with the amount of the reduction being transferred to an RTGS DCA, a TIPS DCA or an MCA, on the occurrence of a predefined event each business day.

| (c) | a predefined liquidity transfer order, which shall be an instruction for the single execution of (i) a transfer of a specified transfer amount or (ii) a transfer to reduce the balance of the T2S DCA to a predefined level with the amount of the reduction being transferred to an RTGS DCA, a TIPS DCA or an MCA, on the occurrence of a predefined event each business day. |
| --- | --- |

(c)

a predefined liquidity transfer order, which shall be an instruction for the single execution of (i) a transfer of a specified transfer amount or (ii) a transfer to reduce the balance of the T2S DCA to a predefined level with the amount of the reduction being transferred to an RTGS DCA, a TIPS DCA or an MCA, on the occurrence of a predefined event each business day.

Article 5

Reservation and blocking of liquidity

1.   Participants may reserve or block liquidity on their T2S DCAs. This does not constitute a settlement guarantee vis-à-vis any third party.

2.   By requesting to reserve or block an amount of liquidity, a participant instructs the ECB to decrease the available liquidity by this amount.

3.   A reservation request is an instruction by which, if the available liquidity is equal to or higher than the amount to be reserved, the reservation is processed. If the available liquidity is lower, it is reserved and the shortfall may be met by incoming liquidity until the full amount of the reservation is available.

4.   A blocking request is an instruction by which, if the available liquidity is equal to or higher than the amount to be blocked, the blocking request is processed. If the available liquidity is lower, no amount is blocked and the blocking request is resubmitted, until the full amount of the blocking request can be met by available liquidity.

5.   The participant may at any time during the business day on which a request to reserve or block liquidity has been processed, instruct the ECB to cancel the reservation or blocking. Partial cancellation shall not be permitted.

6.   All requests for reservation or blocking of liquidity under this article shall expire at the end of the business day.

Article 6

Processing of liquidity transfer orders on T2S DCAs

1.   A timestamp for the processing of liquidity transfer orders is allocated in the sequence of their receipt.

2.   All liquidity transfer orders submitted to TARGET-ECB shall be processed following the ‘first in, first out’ (FIFO) principle without prioritisation or reordering.

3.   After a liquidity transfer order to a TIPS DCA, an MCA, an RTGS DCA or a T2S DCA has been accepted as set out in Part I, Article 16, the TARGET-ECB shall check if sufficient funds are available on the payer’s T2S DCA to effect settlement. If sufficient funds are available, the liquidity transfer order shall be settled immediately. If sufficient funds are not available, the following shall apply:

| (a) | in the case of an immediate liquidity transfer order, the order shall be rejected without partial settlement or any further attempt to settle unless these are initiated by a third party as designated in accordance with Part I, Article 7, in which case they shall be partially settled without any further attempt to settle; |
| --- | --- |

(a)

in the case of an immediate liquidity transfer order, the order shall be rejected without partial settlement or any further attempt to settle unless these are initiated by a third party as designated in accordance with Part I, Article 7, in which case they shall be partially settled without any further attempt to settle;

| (b) | in the case of a predefined or standing liquidity transfer order, the order shall be partially settled without any further attempt to settle. |
| --- | --- |

(b)

in the case of a predefined or standing liquidity transfer order, the order shall be partially settled without any further attempt to settle.

Article 7

Processing of cash transfer orders in the event of suspension or termination

1.   Upon termination of a T2S DCA holder’s participation in TARGET-ECB, the ECB shall not accept any new cash transfer orders from that T2S DCA holder.

2.   If a T2S DCA holder is suspended from TARGET-ECB on grounds other than those specified in Part I, Article 24(1), point (a) , the ECB shall store all of that participant’s incoming and outgoing cash transfer orders on its T2S DCA and only submit them for settlement after they have been explicitly accepted by the suspended T2S DCA holder’s CB.

3.   If a T2S DCA holder is suspended from TARGET- ECB on the grounds specified in Part I, Article 24(1), point (a), any outgoing cash transfer orders from that T2S holder’s T2S DCA shall only be processed on the instructions of its representatives, including those appointed by a competent authority or a court, such as the T2S DCA holder’s insolvency administrator, or pursuant to an enforceable decision of a competent authority or a court providing instructions as to how the cash transfer orders are to be processed. All incoming cash transfer orders shall be processed in accordance with paragraph 2.

Article 8

No auto-collateralisation

No auto-collateralistion is provided to participants in TARGET-ECB.

PART V

Special terms and conditions for TARGET instant payment settlement (TIPS) dedicated cash accounts (TIPS DCAs)

Special terms and conditions for TARGET instant payment settlement (TIPS) dedicated cash accounts (TIPS DCAs)

Article 1

Opening and management of a TIPS DCA

1.   The ECB shall on the request of an MCA holder open and operate one or more TIPS DCAs.

2.   There shall be no debit balance on a TIPS DCA.

Article 2

Sending and receiving messages

1.   A TIPS DCA holder may send messages:

| (a) | directly, and/or |
| --- | --- |

(a)

directly, and/or

| (b) | via one or more instructing parties. |
| --- | --- |

(b)

via one or more instructing parties.

2.   A TIPS DCA holder shall receive messages:

| (a) | directly; or |
| --- | --- |

(a)

directly; or

| (b) | via one instructing party. |
| --- | --- |

(b)

via one instructing party.

3.   Part I, Article 7 shall apply to a TIPS DCA holder that sends or receives messages via an instructing party as though that TIPS DCA holder sends or receives messages directly.

Article 3

Reachable parties

1.   A TIPS DCA holder may designate one or more reachable parties. Reachable parties shall have adhered to the SCT Inst scheme by signing the SEPA Instant Credit Transfer Adherence Agreement.

2.   A TIPS DCA holder shall provide evidence to the ECB of each designated reachable party’s adherence to the SCT Inst scheme.

3.   A TIPS DCA holder shall inform the ECB if any designated reachable party no longer adheres to the SCT Inst scheme and shall, without undue delay, take steps to prevent the reachable party from accessing the TIPS DCA.

4.   A TIPS DCA holder may allow its designated reachable parties access via one or more instructing parties.

5.   Part I, Article 7 shall apply to TIPS DCA holders that designate reachable parties.

6.   A TIPS DCA holder that has designated a reachable party shall ensure that at all times that reachable party is available for the purpose of receiving messages.

Article 4

Transactions processed on TIPS DCAs

1.   The following transactions shall be processed via a TIPS DCA in TARGET-ECB:

| (a) | instant payment orders; |
| --- | --- |

(a)

instant payment orders;

| (b) | positive recall answers; |
| --- | --- |

(b)

positive recall answers;

| (c) | liquidity transfer orders to TIPS AS technical Accounts, MCAs, T2S DCAs or RTGS DCAs; |
| --- | --- |

(c)

liquidity transfer orders to TIPS AS technical Accounts, MCAs, T2S DCAs or RTGS DCAs;

| (d) | liquidity transfer orders to sub-accounts; |
| --- | --- |

(d)

liquidity transfer orders to sub-accounts;

| (e) | Liquidity transfer orders to overnight deposit accounts. |
| --- | --- |

(e)

Liquidity transfer orders to overnight deposit accounts.

Article 5

Immediate liquidity transfer orders

A TIPS DCA holder may submit immediate liquidity transfer orders.

Article 6

Processing of cash transfer orders on TIPS DCAs

1.   A timestamp for the processing of cash transfer orders is allocated in the sequence of their receipt.

2.   All cash transfer orders submitted to TARGET-ECB shall be processed following the ‘first in, first out’ (FIFO) principle without prioritisation or reordering.

3.   After an instant payment order has been accepted as set out in Part I, Article 16, TARGET-ECB shall check if sufficient funds are available on the payer’s TIPS DCA to effect settlement and the following shall apply:

| (a) | if sufficient funds are not available, the instant payment order shall be rejected; |
| --- | --- |

(a)

if sufficient funds are not available, the instant payment order shall be rejected;

| (b) | if sufficient funds are available, the corresponding amount shall be reserved while awaiting the payee’s response. In the event of acceptance by the payee, the instant payment order shall be settled and the reservation shall be simultaneously lifted. In the event of rejection by the payee or the absence of a timely response, within the meaning of the SCT Inst scheme, the instant payment order shall be rejected and the reservation shall be simultaneously lifted. |
| --- | --- |

(b)

if sufficient funds are available, the corresponding amount shall be reserved while awaiting the payee’s response. In the event of acceptance by the payee, the instant payment order shall be settled and the reservation shall be simultaneously lifted. In the event of rejection by the payee or the absence of a timely response, within the meaning of the SCT Inst scheme, the instant payment order shall be rejected and the reservation shall be simultaneously lifted.

4.   Funds reserved in accordance with paragraph 3(b) shall not be available for the settlement of subsequent cash transfer orders.

5.   Without prejudice to paragraph 3(b), the ECB shall reject an instant payment order if the amount of the instant payment order exceeds any applicable credit memorandum balance (CMB).

6.   After an immediate liquidity transfer order has been accepted as set out in Part I, Article 16, TARGET-ECB shall check if sufficient funds are available on the payer’s TIPS DCA. If sufficient funds are not available the liquidity transfer order shall be rejected.

7.   After a positive recall answer has been accepted as set out in Part I, Article 16, TARGET- ECB shall check if sufficient funds are available on the TIPS DCA to be debited. If sufficient funds are not available the positive recall answer shall be rejected. If sufficient funds are available the positive recall answer shall be settled immediately.

8.   Without prejudice to paragraph 7, TARGET-ECB shall reject positive recall answers if the amount of the positive recall answer exceeds any applicable CMB.

Article 7

Recall request

1.   A TIPS DCA holder may submit a recall request.

2.   The recall request shall be forwarded to the payee of the settled instant payment order which may answer with a positive or a negative recall answer.

Article 8

TIPS directory

1.   The TIPS directory is a list of BICs used for the purpose of routing information and comprises the BICs of:

| (a) | TIPS DCA holders; |
| --- | --- |

(a)

TIPS DCA holders;

| (b) | reachable parties. |
| --- | --- |

(b)

reachable parties.

2.   The TIPS directory shall be updated daily.

3.   TIPS DCA holders may only distribute the TIPS directory to their branches, their designated reachable parties and their instructing parties. Reachable parties may only distribute the TIPS directory to their branches.

4.   A specific BIC shall only appear once in the TIPS directory.

5.   TIPS DCA holders acknowledge that the ECB and other CBs may publish their names and BICs. In addition, the ECB and other CBs may publish names and BICs of reachable parties designated by TIPS DCA holders and TIPS DCA holders shall ensure that reachable parties have agreed to such publication.

Article 9

MPL repository

1.   The central Mobile Proxy Lookup (MPL) repository contains the proxy – IBAN mapping table for the purposes of the MPL service.

2.   Each proxy may be linked to only one IBAN. An IBAN may be linked to one or multiple proxies.

3.   Part I, Article 27 shall apply to the data contained in the MPL repository.

Article 10

Processing of cash transfer orders in the event of suspension or extraordinary termination

1.   Upon termination of a TIPS DCA holder’s participation in TARGET-ECB, the ECB shall not accept any new cash transfer orders to or from that TIPS DCA holder.

2.   If a TIPS DCA holder’s participation in TARGET-ECB is suspended on grounds other than those specified in Part I, Article 24(1), point (a), the ECB shall:

| (a) | reject all of its incoming cash transfer orders; |
| --- | --- |

(a)

reject all of its incoming cash transfer orders;

| (b) | reject all of its outgoing cash transfer orders; or |
| --- | --- |

(b)

reject all of its outgoing cash transfer orders; or

| (c) | reject both its incoming and outgoing cash transfer orders. |
| --- | --- |

(c)

reject both its incoming and outgoing cash transfer orders.

3.   If a TIPS DCA holder’s participation in TARGET-ECB is suspended on the grounds specified in Part I, Article 24(1), point (a), the ECB shall reject all of its incoming and outgoing cash transfer orders.

4.   The ECB shall process instant payment orders of a TIPS DCA holder whose participation in TARGET-ECB has been suspended or terminated under Part I, Article 24(1) or (2) and in relation to which the ECB has reserved funds on a TIPS DCA pursuant to Article 6(3), point (b) prior to the suspension or termination.

PART VI

Special terms and conditions for ancillary systems (AS) using real-time gross settlement ancillary system (RTGS AS) settlement procedures

Special terms and conditions for ancillary systems (AS) using real-time gross settlement ancillary system (RTGS AS) settlement procedures

Article 1

Opening and Management of AS technical accounts and use of RTGS AS settlement procedures

1.   The ECB may on the request of an AS open and operate one or more RTGS AS technical accounts to support RTGS AS settlement procedures.

2.   There shall be no debit balance on an RTGS AS technical account.

3.   RTGS AS technical accounts shall not be published in the RTGS directory.

4.   The AS shall select at least one of the following settlement procedures for the purposes of processing AS transfer orders:

| (a) | RTGS AS settlement procedure A; |
| --- | --- |

(a)

RTGS AS settlement procedure A;

| (b) | RTGS AS settlement procedure B; |
| --- | --- |

(b)

RTGS AS settlement procedure B;

| (c) | RTGS AS settlement procedure C; |
| --- | --- |

(c)

RTGS AS settlement procedure C;

| (d) | RTGS AS settlement procedure D; |
| --- | --- |

(d)

RTGS AS settlement procedure D;

| (e) | RTGS AS settlement procedure E. |
| --- | --- |

(e)

RTGS AS settlement procedure E.

5.   The rules set out in Articles 3, 4, 5, 6 and 7 shall apply to RTGS AS settlement procedures A, B, C, D and E, respectively.

6.   The RTGS AS settlement procedures shall be operational during the times set out in Appendix V.

7.   The AS shall request the ECB to create a settlement bank account group.

8.   The AS shall only send AS transfer orders to accounts included in the settlement bank account group referred to in paragraph 7.

Article 2

Priority of AS transfer orders

All AS transfer orders shall automatically be assigned the priority ‘urgent’.

Article 3

RTGS AS settlement procedure A

1.   The AS shall request a dedicated RTGS AS technical account to support the processing of AS transfer orders using settlement procedure A. The balance on such account shall be zero at the end of the day.

2.   The AS may request the opening of an AS guarantee fund account to support settlement in connection with the ‘settlement period’ service. The balances on the AS guarantee fund account shall be used to settle AS transfer orders in the event that there is insufficient available liquidity on a settlement bank's RTGS DCA. The AS guarantee fund account may be held by the ECB, the AS or an eligible participant. The AS guarantee fund account shall not be published in the RTGS directory.

3.   The AS shall submit AS transfer orders as a batch in a single file in which the sum of debits must balance the sum of credits.

4.   The ECB shall first attempt to settle AS transfer orders that debit the RTGS DCAs of settlement banks and crediting the AS's RTGS AS technical account. Only upon settlement of all such AS transfer orders (including possible funding of the RTGS AS technical account from the AS guarantee fund account) the ECB shall attempt to settle AS transfer orders that debit the RTGS AS technical account and that credit the RTGS DCAs of settlement banks.

5.   If an AS transfer order to debit a settlement bank's RTGS DCA is queued, the ECB shall inform the settlement bank by means of a broadcast message.

6.   If an AS guarantee fund account has been opened and a settlement bank has insufficient funds on its RTGS DCA, the AS may instruct the ECB to activate the guarantee fund mechanism by means of a request to debit the AS guarantee fund account and to credit the RTGS AS technical account. If the AS guarantee fund account does not have sufficient funds to complete settlement, the settlement process shall fail.

7.   If the settlement process fails for any reason, including as referred to in paragraph 6, the ECB shall reject all unsettled AS transfer orders in the single file referred to in paragraph 3 and shall reverse any AS transfer orders that have already been settled.

8.   The AS shall be notified on completion or failure of the settlement.

9.   The AS may opt for the following services:

| (a) | the ‘information period’ service, as referred to in Article 8(1); |
| --- | --- |

(a)

the ‘information period’ service, as referred to in Article 8(1);

| (b) | the ‘settlement period’ service, as referred to in Article 8(3). |
| --- | --- |

(b)

the ‘settlement period’ service, as referred to in Article 8(3).

Article 4

RTGS AS settlement procedure B

1.   The AS shall request a dedicated RTGS AS technical account to support the processing of AS transfer orders using settlement procedure B. The balance on such account shall be zero at the end of day.

2.   The AS may request the opening of an AS guarantee fund account to support settlement in connection with the ‘settlement period’ service. The balances on the AS guarantee fund account shall be used to settle the AS transfer orders in the event that there is insufficient available liquidity on a settlement bank's RTGS DCA. The AS guarantee fund account may be held by the ECB, the AS or an eligible participant. The AS guarantee fund account shall not be published in the RTGS directory.

3.   The AS shall submit AS transfer orders as a batch in a single file in which the sum of debits must balance the sum of credits.

4.   Settlement procedure B operates on an ‘all-or-nothing’ basis. The ECB shall attempt to simultaneously settle all AS transfer orders that debit the RTGS DCAs of settlement banks and credit the AS’s RTGS AS technical account, and all AS transfer orders that debit the RTGS AS technical account and credit the RTGS DCAs of settlement banks. If one or more of the AS transfer orders cannot be settled, all AS transfer orders shall be queued and an optimisation algorithm shall be applied, and the settlement banks shall be informed.

5.   If an AS guarantee fund account has been opened and a settlement bank has insufficient funds on its RTGS DCA, the AS may instruct the ECB to activate the guarantee fund mechanism by means of a request to debit the AS guarantee fund account and to credit the RTGS AS technical account. If the AS guarantee fund account does not have sufficient funds to complete settlement, the settlement process shall fail.

6.   If the settlement process fails for any reason, including as referred to in paragraph 5, the ECB shall reject all unsettled AS transfer orders in the single file referred to in paragraph 3.

7.   The AS shall be notified on completion or failure of the settlement.

8.   The AS may opt for the following services:

| (a) | the ‘information period’ service, as referred to in Article 8(1); |
| --- | --- |

(a)

the ‘information period’ service, as referred to in Article 8(1);

| (b) | the ‘settlement period’ service, as referred to in Article 8(3). |
| --- | --- |

(b)

the ‘settlement period’ service, as referred to in Article 8(3).

Article 5

RTGS AS settlement procedure C

1.   Settlement procedure C supports settlement using dedicated liquidity on sub-accounts. The AS shall request a dedicated RTGS AS technical account to support the processing of AS transfer orders using settlement procedure C. The balance on such account shall be zero at the end of the day. This RTGS AS technical account may also be used to support the processing of AS transfer orders using settlement procedure E.

2.   The AS shall ensure that each settlement bank opens at least one sub-account that is only to be used by the AS for the purposes of this settlement procedure.

3.   The ECB shall start a mandatory settlement procedure C automatically on each TARGET business day according to the schedule set out in Appendix V, that shall trigger the settlement of those standing liquidity transfer orders set up for mandatory settlement procedure C by debiting the RTGS DCAs of the settlement banks and crediting the sub-account referred to in paragraph 2.

4.   Settlement procedure C shall close by means of an end-of-procedure message, which may be sent by the AS at any time prior to the cut-off time for interbank payments as set out in Appendix V. If the AS does not send the end-of-procedure message by that cut-off time, the ECB shall close the procedure at that cut-off time.

5.   The closure of the mandatory settlement procedure C leads to an automatic transfer of liquidity from the sub-account referred to in paragraph 2 to the RTGS DCA.

6.   If the mandatory settlement procedure C is closed, the AS may start an optional procedure at any time before the cut-off time for interbank payments as set out in Appendix V, that shall trigger the settlement of those standing liquidity transfer orders set up for optional settlement procedure C by debiting the settlement bank’s RTGS DCA and crediting its RTGS sub-account. The AS may start and close one or several successive optional procedures before the cut-off time for interbank payments. The closure of an optional settlement procedure C leads to an automatic transfer of liquidity from the sub-account referred to in paragraph 2 to the RTGS DCA.

7.   The mandatory settlement procedure C and any subsequent optional settlement procedure C may consist of one or several cycles.

8.   The AS may, at any time after the start of a mandatory or optional settlement procedure C, start a cycle by means of a ‘start-of-cycle’ message. After the start of the cycle, liquidity transfers from the sub-account referred to in paragraph 2 may not be made until an ‘end-of-cycle’ message is sent by the AS. The balance can be changed during the cycle as a result of cross-system settlement payments or if a settlement bank transfers liquidity to its sub-account. The ECB shall notify the AS of the reduction or increase of liquidity on the sub-account as a result of cross-system settlement payments. If the AS so requests, the ECB shall also notify it of the increased liquidity on the sub-account as a result of liquidity transfer orders by the settlement bank.

9.   The AS may submit AS transfer orders as a batch in one or several files while the cycle is open. The cash transfer orders may be for any of the following transactions:

| (a) | the debit of the sub-account of settlement banks and credit of the RTGS AS technical account; |
| --- | --- |

(a)

the debit of the sub-account of settlement banks and credit of the RTGS AS technical account;

| (b) | the debit of the RTGS AS technical account and credit of the sub-accounts of settlement banks; |
| --- | --- |

(b)

the debit of the RTGS AS technical account and credit of the sub-accounts of settlement banks;

| (c) | the debit of the RTGS AS technical account and credit of the RTGS DCAs of settlement banks. |
| --- | --- |

(c)

the debit of the RTGS AS technical account and credit of the RTGS DCAs of settlement banks.

10.   The ECB shall immediately settle those AS transfer orders that can be settled. AS transfer orders that cannot be settled immediately shall be queued and an optimisation algorithm shall be applied. Any AS transfer orders which remain unsettled at the time the cycle is closed shall be rejected.

11.   The AS shall be notified at the latest by the end of the cycle of the status of the individual AS transfer orders.

Article 6

RTGS AS settlement procedure D

1.   RTGS AS Settlement procedure D supports settlement with the use of pre-funding. The AS shall request a dedicated RTGS AS technical account to support the processing of AS transfer orders using settlement procedure D.

2.   The RTGS AS technical accounts shall only have a zero balance or a positive balance. Liquidity may remain on the RTGS AS technical account overnight whereupon it will be subject to remuneration as set out in Part I, Article 12(2).

3.   The ECB shall notify the AS of liquidity transfers debiting the RTGS DCAs of the settlement banks and crediting the RTGS AS technical account. These liquidity transfers may be made on each TARGET business day according to the schedule set out in Appendix V. The AS may input immediate liquidity transfer orders that debit the RTGS AS technical account and credit the RTGS DCAs of the settlement banks.

Article 7

RTGS AS settlement procedure E

1.   RTGS AS Settlement procedure E supports bilateral settlement and the individual processing of AS transfer orders. The AS may use Settlement Procedure E without an RTGS AS technical account for bilateral settlement. The AS shall request an RTGS AS technical account to support the processing of AS transfer orders using settlement procedure E if it opts for the individual processing of AS transfer orders. The balance on this RTGS AS technical account shall be zero at the end of the day. This RTGS AS technical account may also be used for settlement procedure C.

2.   The AS may submit AS transfer orders as a batch in one or several files between:

| (a) | the RTGS DCAs of the settlement banks and the RTGS AS technical account if used; and |
| --- | --- |

(a)

the RTGS DCAs of the settlement banks and the RTGS AS technical account if used; and

| (b) | the RTGS DCAs of the settlement banks. |
| --- | --- |

(b)

the RTGS DCAs of the settlement banks.

The AS shall be responsible for ensuring the correct sequencing of AS transfer orders in the file to ensure smooth settlement.

3.   The ECB shall settle immediately those AS transfer orders that can be settled. AS transfer orders that cannot be settled immediately shall be queued. If an AS transfer order to debit a settlement bank's RTGS DCA is queued, the settlement bank shall be informed via a broadcast message.

4.   The AS may opt for the following services:

| (a) | the ‘information period’ service, as referred to in Article 8(1); |
| --- | --- |

(a)

the ‘information period’ service, as referred to in Article 8(1);

| (b) | the ‘settlement period’ service, as referred to in Article 8(3). |
| --- | --- |

(b)

the ‘settlement period’ service, as referred to in Article 8(3).

5.   The AS shall be notified of the status of the individual AS transfer orders submitted.

Article 8

Information period and settlement period

1.   The ‘information period’ service allows the AS to inform its settlement banks of the liquidity needed to ensure successful settlement. This optional service allows the AS to define a period before the start of the settlement of the AS transfer orders. During that period, and at the request of the settlement bank, the AS may revoke either single AS transfer orders (for RTGS AS settlement procedure E) or files (for RTGS AS settlement procedures A and B). The AS may also request the ECB to perform such revocation on its behalf.

2.   In the event that an AS, or the ECB on its behalf, revokes single AS transfer orders (for RTGS AS settlement Procedure E) or files (for RTGS AS settlement procedures A and B) during the ‘information period’, the processing of the AS transfer orders shall be cancelled.

3.   The ‘settlement period’ service allows the AS to define a period until which the settlement of the AS transfer orders can take place. This service is a prerequisite for the use of a guarantee fund account, and is optional for the use of AS technical accounts.

4.   During the ‘settlement period’ the AS, or the ECB on its behalf, may revoke either single AS transfer orders (for RTGS AS settlement procedure E) or files (for RTGS AS settlement procedures A and B) that do not have a final status and the following shall apply:

| (a) | if RTGS AS settlement procedure E is used for bilateral settlement, the relevant AS transfer orders shall be reversed; |
| --- | --- |

(a)

if RTGS AS settlement procedure E is used for bilateral settlement, the relevant AS transfer orders shall be reversed;

| (b) | if RTGS AS settlement procedure E is not used for bilateral settlement, or if in RTGS AS settlement procedure A the entire settlement fails, any settled AS transfer orders in the file shall be reversed and all settlement banks and the AS shall be informed via a broadcast message. |
| --- | --- |

(b)

if RTGS AS settlement procedure E is not used for bilateral settlement, or if in RTGS AS settlement procedure A the entire settlement fails, any settled AS transfer orders in the file shall be reversed and all settlement banks and the AS shall be informed via a broadcast message.

| (c) | if RTGS AS settlement procedure B is used, the entire settlement fails and all settlement banks and the AS shall be informed via a broadcast message. |
| --- | --- |

(c)

if RTGS AS settlement procedure B is used, the entire settlement fails and all settlement banks and the AS shall be informed via a broadcast message.

Article 9

Cross system settlement

1.   Cross-system settlement allows an AS to credit the RTGS AS technical account of another AS or sub-account of a settlement bank of another AS and is available for AS using RTGS AS settlement procedure C or D.

2.   The ECB shall, on the request of the AS, allow cross-system settlement between that AS and another AS in TARGET-ECB or another TARGET component system. The requesting AS shall provide the ECB with the authorisation of the other AS.

3.   A cross-system settlement may only be initiated if the two AS have opened a settlement procedure. Furthermore, if the cross-system settlement is initiated by an AS using RTGS AS settlement procedure C, a settlement cycle must also be open for that AS.

4.   An AS using RTGS AS settlement procedure C in the context of cross-system settlement shall only submit AS transfer orders individually that debit the sub-account of one of its AS settlement banks. These AS transfer orders would credit the sub-account of the receiving AS settlement bank if that receiving AS is using RTGS AS settlement procedure C, or would credit the RTGS AS technical account of the receiving AS if that AS is using RTGS AS settlement procedure D.

5.   An AS using RTGS AS settlement procedure D in the context of cross-system settlement shall only submit AS transfer orders individually that debit its RTGS AS technical account. These AS transfer orders would credit the sub-account of the receiving AS settlement bank if that receiving AS is using RTGS AS settlement procedure C, or would credit the RTGS AS technical account of the receiving AS if that AS is using RTGS AS settlement procedure D. Both AS using cross-system settlement shall be notified via a broadcast message of the settlement or rejection of the AS transfer orders.

Article 10

Effect of suspension or termination

If the suspension or termination of the use of the AS settlement procedures by an AS occurs during the settlement cycle of AS transfer orders, the ECB may complete the settlement cycle.

PART VII

Special terms and conditions for ancillary systems using the TARGET instant payment settlement (TIPS) ancillary system settlement procedure (TIPS AS settlement procedure)

Special terms and conditions for ancillary systems using the TARGET instant payment settlement (TIPS) ancillary system settlement procedure (TIPS AS settlement procedure)

Article 1

Opening and management of a TIPS AS technical account

1.   The ECB may on the request of an AS that settles instant payments pursuant to the SCT Inst scheme or near instant payments in its own books, open and operate one or more TIPS AS technical accounts.

2.   There shall be no debit balance on a TIPS AS technical account.

3.   The ancillary system shall use a TIPS AS technical account to collect the necessary liquidity set aside by its clearing members to fund their positions.

4.   The ancillary system may opt to receive notifications of the crediting and debiting of its TIPS AS technical account. If the ancillary system opts for this service notification is provided immediately upon the debit or credit of the TIPS AS technical account.

5.   An ancillary system may send instant payment orders, and positive recall answers to any TIPS DCA holder or TIPS AS. A ancillary system shall receive and process instant payment orders, recall requests and positive recall answers from any TIPS DCA holder or TIPS AS.

Article 2

Sending and receiving messages

1.   A TIPS AS technical account holder may send messages:

| (a) | directly; |
| --- | --- |

(a)

directly;

| (b) | via one or more instructing parties. |
| --- | --- |

(b)

via one or more instructing parties.

2.   A TIPS AS technical account holder shall receive messages:

| (a) | directly; or |
| --- | --- |

(a)

directly; or

| (b) | via one instructing party. |
| --- | --- |

(b)

via one instructing party.

Article 7 of Part I shall apply to a TIPS AS technical account holder that sends or receives messages via an instructing party as though that TIPS AS technical holder sends or receives messages directly.

Article 3

Immediate liquidity transfer orders

A TIPS AS technical account holder may submit immediate liquidity transfer orders.

Article 4

Processing of cash transfer orders on TIPS AS technical accounts

1.   A timestamp for the processing of cash transfer orders is allocated in the sequence of their receipt.

2.   All cash transfer orders submitted to TARGET-ECB shall be processed following the ‘first in, first out’ (FIFO) principle without prioritisation or reordering.

3.   After an instant payment order has been accepted as set out in Part I, Article 17(1), the ECB shall check if sufficient funds are available on the payer’s TIPS AS technical account to effect settlement and the following shall apply:

| (a) | if sufficient funds are not available, the instant payment order shall be rejected; |
| --- | --- |

(a)

if sufficient funds are not available, the instant payment order shall be rejected;

| (b) | if sufficient funds are available, the corresponding amount shall be reserved while awaiting the payee’s response. In the event of acceptance by the payee, the instant payment order shall be settled and the reservation shall be simultaneously lifted. In the event of rejection by the payee or the absence of a timely response, within the meaning of the SCT Inst scheme, the instant payment order shall be rejected and the reservation shall be simultaneously lifted. |
| --- | --- |

(b)

if sufficient funds are available, the corresponding amount shall be reserved while awaiting the payee’s response. In the event of acceptance by the payee, the instant payment order shall be settled and the reservation shall be simultaneously lifted. In the event of rejection by the payee or the absence of a timely response, within the meaning of the SCT Inst scheme, the instant payment order shall be rejected and the reservation shall be simultaneously lifted.

4.   Funds reserved in accordance with paragraph 3(b) shall not be available for the settlement of subsequent cash transfer orders.

5.   Without prejudice to paragraph 3(b), the ECB shall reject an instant payment order if the amount of the instant payment order exceeds any applicable credit memorandum balance (CMB).

6.   After a liquidity transfer order from a TIPS AS technical account to a TIPS DCA has been accepted as set out in Part I, Article 17(1), the ECB shall check if sufficient funds are available on the payer’s TIPS AS technical account. If sufficient funds are not available the liquidity transfer order shall be rejected. If sufficient funds are available the liquidity transfer order shall be settled immediately.

7.   After a positive recall answer has been accepted as set out in Part I, Article 17, the ECB shall check if sufficient funds are available on the TIPS AS technical account to be debited. If sufficient funds are not available the positive recall answer shall be rejected. If sufficient funds are available the positive recall answer shall be settled immediately.

8.   Without prejudice to paragraph 7, the ECB shall reject positive recall answers if the amount of the positive recall answer exceeds any applicable CMB.

Article 5

Recall request

1.   A TIPS AS technical account holder may submit a recall request.

2.   The recall request shall be forwarded to the payee of the settled instant payment order which may answer with a positive or negative recall answer.

Article 6

TIPS AS settlement procedure

The TIPS AS settlement procedure shall be operational during the times set out in Appendix V.

Article 7

Reachable parties via a TIPS AS technical account

1.   A TIPS AS technical account holder may designate one or more reachable parties. Reachable parties shall have adhered to the SCT Inst scheme signing the SEPA Instant Credit Transfer Adherence Agreement.

2.   A TIPS AS technical account holder shall provide evidence to the ECB of each designated reachable party’s adherence to the SCT Inst scheme.

3.   A TIPS AS technical account holder shall inform the ECB if any designated reachable party no longer adheres to the SCT Inst scheme and shall, without undue delay, take steps to prevent the reachable party from accessing the TIPS AS technical account.

4.   A TIPS AS technical account holder may allow its designated reachable parties access via one or more instructing parties.

5.   Part I, Article 7 shall apply to an AS that has designated reachable parties.

6.   A TIPS AS technical account holder that has designated a reachable party shall ensure that reachable party is at all times available for the purpose of receiving messages.

Article 8

Transactions processed on TIPS AS technical accounts

1.   The following transactions shall be processed via a TIPS AS technical account in TARGET-ECB:

| (a) | instant payment orders; |
| --- | --- |

(a)

instant payment orders;

| (b) | positive recall answers; |
| --- | --- |

(b)

positive recall answers;

| (c) | liquidity transfer orders to TIPS DCAs. |
| --- | --- |

(c)

liquidity transfer orders to TIPS DCAs.

Article 9

TIPS directory

1.   The TIPS directory is a list of BICs used for the purpose of routing information and comprises the BICS of:

| (a) | TIPS DCA holders; |
| --- | --- |

(a)

TIPS DCA holders;

| (b) | reachable parties; |
| --- | --- |

(b)

reachable parties;

2.   The TIPS directory shall be updated daily.

3.   TIPS AS technical account holders may only distribute the TIPS directory to their designated reachable parties and their instructing parties. Reachable parties may only distribute the TIPS directory to their branches.

4.   A specific BIC shall only appear once in the TIPS directory.

5.   TIPS AS technical account holders acknowledge that the ECB and other CBs may publish names and BICs of reachable parties designated by the TIPS AS technical account holders and TIPS AS technical account holders shall ensure that reachable parties have agreed to such publication.

Article 10

MPL repository

1.   The central Mobile Proxy Lookup (MPL) repository contains the proxy – IBAN mapping table for the purposes of the MPL service.

2.   Each proxy may be linked to only one IBAN. An IBAN may be linked to one or multiple proxies.

3.   Part I, Article 28 shall apply to the data contained in the MPL repository.

Article 11

Processing of cash transfer orders in the event of suspension or extraordinary termination

1.   Upon termination of a TIPS AS technical account holder’s participation in TARGET-ECB, the ECB shall not accept any new cash transfer orders to or from that TIPS AS technical account holder.

2.   If a TIPS AS technical account holders’ participation in TARGET-ECB is suspended on grounds other than those specified in Part I, Article 24(1), point (a), the ECB shall:

| (a) | reject all of its incoming cash transfer orders; |
| --- | --- |

(a)

reject all of its incoming cash transfer orders;

| (b) | reject all of its outgoing cash transfer orders; or |
| --- | --- |

(b)

reject all of its outgoing cash transfer orders; or

| (c) | reject both its incoming and outgoing cash transfer orders. |
| --- | --- |

(c)

reject both its incoming and outgoing cash transfer orders.

3.   If a TIPS AS Technical Account Holder’s participation in TARGET-ECB is suspended on the grounds specified in Part I, Article 24(1), point (a), the suspended TIPS AS technical account holder’s CB shall reject all of its incoming and outgoing sash transfer orders.

4.   The ECB shall process instant payment orders of a TIPS AS technical account holder whose participation in TARGET-ECB has been suspended or terminated under Part I, Article 24(1) or (2) and in relation to which the ECB has reserved funds on a TIPS AS technical account pursuant to Article 4(3), point (b) prior to the suspension or termination.

---

(1)  Directive 98/26/EC of the European Parliament and of the Council of 19 May 1998 on settlement finality in payment and securities settlement systems (OJ L 166, 11.6.1998, p. 45).

1

(2)  Directive 2014/59/EU of the European Parliament and of the Council of 15 May 2014 establishing a framework for the recovery and resolution of credit institutions and investment firms and amending Council Directive 82/891/EEC, and Directives 2001/24/EC, 2002/47/EC, 2004/25/EC, 2005/56/EC, 2007/36/EC, 2011/35/EU, 2012/30/EU and 2013/36/EU, and Regulations (EU) No 1093/2010 and (EU) No 648/2012, of the European Parliament and of the Council (OJ L 173, 12.6.2014, p. 190).

2

---

APPENDIX I

TECHNICAL SPECIFICATIONS FOR THE PROCESSING OF CASH TRANSFER ORDERS

In addition to the Conditions, the following rules shall apply to the processing of cash transfer orders:

1.   Testing requirements for participation in TARGET-ECB

Each participant shall pass a series of tests to prove its technical and operational competence before it may participate in TARGET-ECB.

2.   Account numbers

Each participant’s account shall be identified by a unique account number of up to 34 characters made up of five sections as follows:

| Name | No. of Characters | Content |
| --- | --- | --- |
| Account type | 1 | M = MCA
  R = RTGS DCA
  C = T2S DCA
  I = TIPS DCA
  T = RTGS AS Technical account
  U = Sub-account
  A = TIPS AS Technical account
  G = AS Guarantee funds account
  D = Overnight deposit account
  X = Contingency Account |
| Country Code of Central Bank | 2 | ISO Country code : 3166-1 |
| Currency code | 3 | EUR |
| BIC | 11 | Account holder BIC |
| Account name | Max. 17 | Free text  (1) |

Name

No. of Characters

Content

Account type

1

M = MCA

R = RTGS DCA

C = T2S DCA

I = TIPS DCA

T = RTGS AS Technical account

U = Sub-account

A = TIPS AS Technical account

G = AS Guarantee funds account

D = Overnight deposit account

X = Contingency Account

Country Code of Central Bank

2

ISO Country code : 3166-1

Currency code

3

EUR

BIC

11

Account holder BIC

Account name

Max. 17

Free text  (1)

3.   Messaging rules in TARGET

| (a) | Each participant shall comply with the message structure and field specifications, as defined in Part 3 of the relevant User Detailed Functional Specifications (UDFS). |
| --- | --- |

(a)

Each participant shall comply with the message structure and field specifications, as defined in Part 3 of the relevant User Detailed Functional Specifications (UDFS).

| (b) | Business application headers shall be attached to all message types processed on MCAs, RTGS DCAs (including sub-accounts) RTGS AS technical accounts, AS guarantee fund accounts and T2S DCAs as follows:






  Message Type | Description |
| --- | --- | --- |
| head.001 | Business application header |
| head.002 | Business file header |

(b)

Business application headers shall be attached to all message types processed on MCAs, RTGS DCAs (including sub-accounts) RTGS AS technical accounts, AS guarantee fund accounts and T2S DCAs as follows:

Message Type

Description

head.001

Business application header

head.002

Business file header

4.   Message types processed in TARGET

| (a) | The following message types are processed on MCAs:






  Message Type | Description |
| --- | --- | --- |
| Administration (admi) | |
| admi.004 | SystemEventNotification |
| admi.005 | ReportQueryRequest |
| admi.007 | ReceiptAcknowledgement |
| Cash Management (camt) | |
| camt.003 | GetAccount |
| camt.004 | ReturnAccount |
| camt.005 | GetTransaction |
| camt.006 | ReturnTransaction |
| camt.018 | GetBusinessDayInformation |
| camt.019 | ReturnBusinessDayInformation |
| camt.025 | Receipt |
| camt.046 | GetReservation |
| camt.047 | ReturnReservation |
| camt.048 | ModifyReservation |
| camt.049 | DeleteReservation |
| camt.050 | LiquidityCreditTransfer |
| camt.053 | BankToCustomerStatement |
| camt.054 | BankToCustomerDebitCreditNotification |
| Payments clearing and Settlement (pacs) | |
| pacs.009 | FinancialInstitutionCreditTransfer |
| pacs.010 | FinancialInstitutionDirectDebit |

(a)

The following message types are processed on MCAs:

Message Type

Description

Administration (admi)

admi.004

SystemEventNotification

admi.005

ReportQueryRequest

admi.007

ReceiptAcknowledgement

Cash Management (camt)

camt.003

GetAccount

camt.004

ReturnAccount

camt.005

GetTransaction

camt.006

ReturnTransaction

camt.018

GetBusinessDayInformation

camt.019

ReturnBusinessDayInformation

camt.025

Receipt

camt.046

GetReservation

camt.047

ReturnReservation

camt.048

ModifyReservation

camt.049

DeleteReservation

camt.050

LiquidityCreditTransfer

camt.053

BankToCustomerStatement

camt.054

BankToCustomerDebitCreditNotification

Payments clearing and Settlement (pacs)

pacs.009

FinancialInstitutionCreditTransfer

pacs.010

FinancialInstitutionDirectDebit

| (b) | The following message types are processed on RTGS DCAs, and where relevant on the RTGS AS technical accounts and AS guarantee funds accounts:







  Administration (admi) | |
| --- | --- | --- |
| admi.004 | SystemEventNotification |
| admi.005 | ReportQueryRequest |
| admi.007 | ReceiptAcknowledgement |
| Cash Management (camt) | |
| camt.003 | GetAccount |
| camt.004 | ReturnAccount |
| camt.005 | GetTransaction |
| camt.006 | ReturnTransaction |
| camt.007 | ModifyTransaction |
| camt.009 | GetLimit |
| camt.010 | ReturnLimit |
| camt.011 | ModifyLimit |
| camt.012 | DeleteLimit |
| camt.018 | GetBusinessDayInformation |
| camt.019 | ReturnBusinessDayInformation |
| camt.021 | ReturnGeneralBusinessInformation |
| camt.025 | Receipt |
| camt.029 | ResolutionOfInvestigation |
| camt.046 | GetReservation |
| camt.047 | ReturnReservation |
| camt.048 | ModifyReservation |
| camt.049 | DeleteReservation |
| camt.050 | LiquidityCreditTransfer |
| camt.053 | BankToCustomerStatement |
| camt.054 | BankToCustomerDebitCreditNotification |
| camt.056 | FIToFIPaymentCancellationRequest |
| Payments Clearing and Settlement (pacs) | |
| pacs.002 | PaymentStatusReport |
| pacs.004 | PaymentReturn |
| pacs.008 | CustomerCreditTransfer |
| pacs.009 | FinancialInstitutionCreditTransfer |
| pacs.010 | FinancialInstitutionDirectDebit |
| Payments Initiation (pain) | |
| pain.998 | ASInitiationStatus |
| pain.998 | ASTransferNotice |
| pain.998 | ASTransferInitiation |

(b)

The following message types are processed on RTGS DCAs, and where relevant on the RTGS AS technical accounts and AS guarantee funds accounts:

Administration (admi)

admi.004

SystemEventNotification

admi.005

ReportQueryRequest

admi.007

ReceiptAcknowledgement

Cash Management (camt)

camt.003

GetAccount

camt.004

ReturnAccount

camt.005

GetTransaction

camt.006

ReturnTransaction

camt.007

ModifyTransaction

camt.009

GetLimit

camt.010

ReturnLimit

camt.011

ModifyLimit

camt.012

DeleteLimit

camt.018

GetBusinessDayInformation

camt.019

ReturnBusinessDayInformation

camt.021

ReturnGeneralBusinessInformation

camt.025

Receipt

camt.029

ResolutionOfInvestigation

camt.046

GetReservation

camt.047

ReturnReservation

camt.048

ModifyReservation

camt.049

DeleteReservation

camt.050

LiquidityCreditTransfer

camt.053

BankToCustomerStatement

camt.054

BankToCustomerDebitCreditNotification

camt.056

FIToFIPaymentCancellationRequest

Payments Clearing and Settlement (pacs)

pacs.002

PaymentStatusReport

pacs.004

PaymentReturn

pacs.008

CustomerCreditTransfer

pacs.009

FinancialInstitutionCreditTransfer

pacs.010

FinancialInstitutionDirectDebit

Payments Initiation (pain)

pain.998

ASInitiationStatus

pain.998

ASTransferNotice

pain.998

ASTransferInitiation

| (c) | The following message types are processed on T2S DCAs:






  Message Type | Description |
| --- | --- | --- |
| Administration (admi) | |
| admi.005 | ReportQueryRequest |
| admi.006 | ResendRequestSystemEventNotification |
| admi.007 | ReceiptAcknowledgement |
| Cash Management (camt) | |
| (camt.003) | GetAccount |
| (camt.004) | ReturnAccount |
| (camt.005) | GetTransaction |
| (camt.006) | ReturnTransaction |
| (camt.009) | GetLimit |
| (camt.010) | ReturnLimit |
| (camt.011) | ModifyLimit |
| (camt.012) | DeleteLimit |
| (camt.018) | GetBusinessDayInformation |
| (camt.019) | ReturnBusinessDayInformation |
| (camt.024) | ModifyStandingOrder |
| (camt.025) | Receipt |
| (camt.050) | LiquidityCreditTransfer |
| (camt.051) | LiquidityDebitTransfer |
| (camt.052) | BankToCustomerAccountReport |
| (camt.053) | BankToCustomerStatement |
| (camt.054) | BankToCustomerDebitCreditNotification |
| (camt.064) | LimitUtilisationJournalQuery |
| (camt.065) | LimitUtilisationJournalReport |
| (camt.066) | IntraBalanceMovementInstruction |
| (camt.067) | IntraBalanceMovementStatusAdvice |
| (camt.068) | IntraBalanceMovementConfirmation |
| (camt.069) | GetStandingOrder |
| (camt.070) | ReturnStandingOrder |
| (camt.071) | DeleteStandingOrder |
| (camt.072) | IntraBalanceMovementModificationRequest |
| (camt.073) | IntraBalanceMovementModificationRequestStatusAdvice |
| (camt.074) | IntraBalanceMovementCancellationRequest |
| (camt.075) | IntraBalanceMovementCancellationRequestStatusAdvice |
| (camt.078) | IntraBalanceMovementQuery |
| (camt.079) | IntraBalanceMovementQueryResponse |
| (camt.080) | IntraBalanceModificationQuery |
| (camt.081) | IntraBalanceModificationReport |
| (camt.082) | IntraBalanceCancellationQuery |
| (camt.083) | IntraBalanceCancellationReport |
| (camt.084) | IntraBalanceMovementPostingReport |
| (camt.085) | IntraBalanceMovementPendingReport |

(c)

The following message types are processed on T2S DCAs:

Message Type

Description

Administration (admi)

admi.005

ReportQueryRequest

admi.006

ResendRequestSystemEventNotification

admi.007

ReceiptAcknowledgement

Cash Management (camt)

(camt.003)

GetAccount

(camt.004)

ReturnAccount

(camt.005)

GetTransaction

(camt.006)

ReturnTransaction

(camt.009)

GetLimit

(camt.010)

ReturnLimit

(camt.011)

ModifyLimit

(camt.012)

DeleteLimit

(camt.018)

GetBusinessDayInformation

(camt.019)

ReturnBusinessDayInformation

(camt.024)

ModifyStandingOrder

(camt.025)

Receipt

(camt.050)

LiquidityCreditTransfer

(camt.051)

LiquidityDebitTransfer

(camt.052)

BankToCustomerAccountReport

(camt.053)

BankToCustomerStatement

(camt.054)

BankToCustomerDebitCreditNotification

(camt.064)

LimitUtilisationJournalQuery

(camt.065)

LimitUtilisationJournalReport

(camt.066)

IntraBalanceMovementInstruction

(camt.067)

IntraBalanceMovementStatusAdvice

(camt.068)

IntraBalanceMovementConfirmation

(camt.069)

GetStandingOrder

(camt.070)

ReturnStandingOrder

(camt.071)

DeleteStandingOrder

(camt.072)

IntraBalanceMovementModificationRequest

(camt.073)

IntraBalanceMovementModificationRequestStatusAdvice

(camt.074)

IntraBalanceMovementCancellationRequest

(camt.075)

IntraBalanceMovementCancellationRequestStatusAdvice

(camt.078)

IntraBalanceMovementQuery

(camt.079)

IntraBalanceMovementQueryResponse

(camt.080)

IntraBalanceModificationQuery

(camt.081)

IntraBalanceModificationReport

(camt.082)

IntraBalanceCancellationQuery

(camt.083)

IntraBalanceCancellationReport

(camt.084)

IntraBalanceMovementPostingReport

(camt.085)

IntraBalanceMovementPendingReport

| (d) | The following message types are processed on TIPS DCAs and TIPS AS technical accounts:






  Message Type | Description |
| --- | --- | --- |
| Administration (admi) | |
| Pacs.002 | FIToFIPayment Status Report |
| Pacs.004 | PaymentReturn |
| Pacs.008 | FIToFICustomerCreditTransfer |
| Pacs.028 | FIToFIPaymentStatusRequest |
| Cash Management (camt) | |
| camt.003 | GetAccount |
| camt.004 | ReturnAccount |
| camt.011 | ModifyLimit |
| camt.019 | ReturnBusinessDayInformation |
| camt.025 | Receipt |
| camt.029 | ResolutionOfInvestigation |
| camt.050 | LiquidityCreditTransfer |
| camt.052 | BankToCustomerAccountReport |
| camt.053 | BankToCustomerStatement |
| camt.054 | BankToCustomerDebitCreditNotification |
| camt.056 | FIToFIPaymentCancellationRequest |
| acmt.010 | AccountRequestAcknowledgement |
| acmt.011 | AccountRequestRejection |
| acmt.015 | AccountExcludedMandateMaintenanceRequest |
| Reference data (reda) | |
| reda.016 | PartyStatusAdviceV01 |
| reda.022 | PartyModificationRequestV01 |

(d)

The following message types are processed on TIPS DCAs and TIPS AS technical accounts:

Message Type

Description

Administration (admi)

Pacs.002

FIToFIPayment Status Report

Pacs.004

PaymentReturn

Pacs.008

FIToFICustomerCreditTransfer

Pacs.028

FIToFIPaymentStatusRequest

Cash Management (camt)

camt.003

GetAccount

camt.004

ReturnAccount

camt.011

ModifyLimit

camt.019

ReturnBusinessDayInformation

camt.025

Receipt

camt.029

ResolutionOfInvestigation

camt.050

LiquidityCreditTransfer

camt.052

BankToCustomerAccountReport

camt.053

BankToCustomerStatement

camt.054

BankToCustomerDebitCreditNotification

camt.056

FIToFIPaymentCancellationRequest

acmt.010

AccountRequestAcknowledgement

acmt.011

AccountRequestRejection

acmt.015

AccountExcludedMandateMaintenanceRequest

Reference data (reda)

reda.016

PartyStatusAdviceV01

reda.022

PartyModificationRequestV01

5.   Double-entry check

All cash transfer orders shall pass a double-entry check, the aim of which is to reject orders that have been submitted more than once (duplicated cash transfer orders). Details can be found in Part I, Section 3 of the relevant UDFS.

6.   Validation rules and error codes

Validation of messages is carried out according to High Value Payments Plus (HVPS+) guidelines on message validations specified by the ISO 20022 standard, and TARGET-specific validations. The detailed validation rules and error codes are described in the respective parts of the UDFS as follows:

| (a) | for MCAs, in Chapter 14 of the CLM UDFS; |
| --- | --- |

(a)

for MCAs, in Chapter 14 of the CLM UDFS;

| (b) | for RTGS DCAs, in Chapter 13 of the RTGS UDFS; |
| --- | --- |

(b)

for RTGS DCAs, in Chapter 13 of the RTGS UDFS;

| (c) | for T2S DCAs, in Chapter 4.1 of the T2S UDFS. |
| --- | --- |

(c)

for T2S DCAs, in Chapter 4.1 of the T2S UDFS.

If an instant payment order or a positive recall answer is rejected for any reason, the TIPS DCA holder shall receive a payment status report [pacs.002], as described in Chapter 4.2 of the TIPS UDFS. If a liquidity transfer order is rejected for any reason, the TIPS DCA holder shall receive a rejection [camt.025], as described in Chapter 1.6 of the TIPS UDFS.

7.   Predetermined settlement times and events

RTGS DCAs

| (a) | For payment orders using the Earliest Debit Time Indicator, the message element ‘/FromTime/’ shall be used. |
| --- | --- |

(a)

For payment orders using the Earliest Debit Time Indicator, the message element ‘/FromTime/’ shall be used.

| (b) | For payment orders using the Latest Debit Time Indicator, two options shall be available.






  (i) | Message element ‘RejectTime’: if the payment order cannot be settled by the indicated debit time, the cash transfer order shall be rejected. |
| --- | --- | --- |

(b)

For payment orders using the Latest Debit Time Indicator, two options shall be available.

(i)

Message element ‘RejectTime’: if the payment order cannot be settled by the indicated debit time, the cash transfer order shall be rejected.

| (ii) | Message element ‘TillTime’: if the payment order cannot be settled by the indicated debit time, the cash transfer order shall not be rejected but shall be kept in the relevant queue. |
| --- | --- |

(ii)

Message element ‘TillTime’: if the payment order cannot be settled by the indicated debit time, the cash transfer order shall not be rejected but shall be kept in the relevant queue.

Under both options, if a payment order with a Latest Debit Time Indicator is not settled 15 minutes prior to the time indicated therein, a notification shall automatically be sent via the GUI.

T2S DCAs

| (a) | For immediate liquidity transfer orders, no specific XML tag is required; |
| --- | --- |

(a)

For immediate liquidity transfer orders, no specific XML tag is required;

| (b) | Predefined liquidity transfer orders and standing liquidity transfer orders may be triggered by a specific time or event on the day of settlement:






  (i) | for settlement at a specific time, the XML tag ‘Time(/ExctnTp/Tm/)’ shall be used, |
| --- | --- | --- |

(b)

Predefined liquidity transfer orders and standing liquidity transfer orders may be triggered by a specific time or event on the day of settlement:

(i)

for settlement at a specific time, the XML tag ‘Time(/ExctnTp/Tm/)’ shall be used,

| (ii) | for settlement upon occurrence of a specific event, the XML tag |
| --- | --- |

(ii)

for settlement upon occurrence of a specific event, the XML tag

‘(EventType/ExctnTp/Evt/)’ shall be used.

| (c) | the validity period for standing liquidity transfer orders shall be set by the following XML tags:

  ‘FromDate/VldtyPrd/FrDt/’ and ‘ToDate/VldtyPrd/ToDt/’. |
| --- | --- |

(c)

the validity period for standing liquidity transfer orders shall be set by the following XML tags:

‘FromDate/VldtyPrd/FrDt/’ and ‘ToDate/VldtyPrd/ToDt/’.

8.   Offsetting of cash transfer orders on RTGS DCAs

Offsetting checks and, if appropriate, extended offsetting checks (both terms as defined in subparagraphs a) and b) shall be carried out on cash transfer orders to facilitate the smooth settlement.

| (a) | An offsetting check shall determine whether the payee’s cash transfer orders that are at the front of the queue for cash transfer orders with the priority ‘urgent’ or, if inapplicable, ’high’ are available to be offset against the payer’s cash transfer order (hereinafter ‘offsetting cash transfer orders’). If an offsetting cash transfer order does not provide sufficient funds for the respective payer’s cash transfer order it shall be determined whether there is sufficient available liquidity on the payer’s RTGS DCA. |
| --- | --- |

(a)

An offsetting check shall determine whether the payee’s cash transfer orders that are at the front of the queue for cash transfer orders with the priority ‘urgent’ or, if inapplicable, ’high’ are available to be offset against the payer’s cash transfer order (hereinafter ‘offsetting cash transfer orders’). If an offsetting cash transfer order does not provide sufficient funds for the respective payer’s cash transfer order it shall be determined whether there is sufficient available liquidity on the payer’s RTGS DCA.

| (b) | If the offsetting check fails, the ECB may apply an extended offsetting check. An extended offsetting check determines whether offsetting cash transfer orders are available in any of the payee’s queues regardless of when they joined the queue. However, if in the queue of the payee there are higher priority cash transfer orders addressed to other participants, the FIFO principle may only be breached if settling such an offsetting cash transfer order would result in a liquidity increase for the payee. |
| --- | --- |

(b)

If the offsetting check fails, the ECB may apply an extended offsetting check. An extended offsetting check determines whether offsetting cash transfer orders are available in any of the payee’s queues regardless of when they joined the queue. However, if in the queue of the payee there are higher priority cash transfer orders addressed to other participants, the FIFO principle may only be breached if settling such an offsetting cash transfer order would result in a liquidity increase for the payee.

9.   Optimisation algorithms on RTGS DCAs and sub-accounts

Four algorithms shall be applied to facilitate the smooth settlement of payment flows. Further information is available in the RTGS UDFS Part 2.

| (a) | Under the ‘partial optimisation’
  algorithm the ECB shall:






  (i) | calculate and check the liquidity positions, limits and reservations of each relevant RTGS DCA; and |
| --- | --- | --- |

(a)

Under the ‘partial optimisation’
  algorithm the ECB shall:

(i)

calculate and check the liquidity positions, limits and reservations of each relevant RTGS DCA; and

| (ii) | if the total liquidity position of one or more relevant RTGS DCA is negative, extract single payment orders until the total liquidity position of each relevant RTGS DCA is positive. |
| --- | --- |

(ii)

if the total liquidity position of one or more relevant RTGS DCA is negative, extract single payment orders until the total liquidity position of each relevant RTGS DCA is positive.

Thereafter, the ECB and the other CBs involved shall, provided there are sufficient funds, settle the relevant remaining cash transfer orders (except the extracted payment orders described in point (ii)) simultaneously on the RTGS DCAs of the participants concerned.

When extracting payment orders, the ECB shall start from the participant’s RTGS DCA with the highest negative total liquidity position and from the payment order at the end of the queue with the lowest priority. The selection process shall only run for a short time, to be determined by the ECB at its discretion.

| (b) | Under the ‘multiple optimisation’
  algorithm the ECB shall:






  (i) | compare pairs of participants’ RTGS DCAs to determine whether queued payment orders can be settled within the available liquidity of the two participants’ RTGS DCAs concerned and within the limits set by them (by starting from the pair of RTGS DCAs with the smallest difference between the payment orders addressed to each other), and the CBs involved shall book those payments simultaneously on the two participants’ RTGS DCAs; and |
| --- | --- | --- |

(b)

Under the ‘multiple optimisation’
  algorithm the ECB shall:

(i)

compare pairs of participants’ RTGS DCAs to determine whether queued payment orders can be settled within the available liquidity of the two participants’ RTGS DCAs concerned and within the limits set by them (by starting from the pair of RTGS DCAs with the smallest difference between the payment orders addressed to each other), and the CBs involved shall book those payments simultaneously on the two participants’ RTGS DCAs; and

| (ii) | if, in relation to a pair of RTGS DCAs as described in point (i), liquidity is insufficient to fund the bilateral position, extract single payment orders until there is sufficient liquidity. In this case the CBs involved shall settle the remaining payments, except the extracted ones, simultaneously on the two participants’ RTGS DCAs. |
| --- | --- |

(ii)

if, in relation to a pair of RTGS DCAs as described in point (i), liquidity is insufficient to fund the bilateral position, extract single payment orders until there is sufficient liquidity. In this case the CBs involved shall settle the remaining payments, except the extracted ones, simultaneously on the two participants’ RTGS DCAs.

After performing the checks specified in points (i) to (ii), the ECB shall check the multilateral settlement positions (between a participant’s RTGS DCA and other participants’ RTGS DCAs in relation to which a multilateral limit has been set). For this purpose, the procedure described under subparagraphs (i) to (ii) shall apply mutatis mutandis.

| (c) | Under the algorithm ‘partial optimisation with AS’
  which supports settlement procedure B, the ECB shall follow the same procedure as for the partial optimisation algorithm, but without extracting AS transfer orders (for an AS which settles on a simultaneous multilateral basis i.e. RTGS AS settlement procedure B). |
| --- | --- |

(c)

Under the algorithm ‘partial optimisation with AS’
  which supports settlement procedure B, the ECB shall follow the same procedure as for the partial optimisation algorithm, but without extracting AS transfer orders (for an AS which settles on a simultaneous multilateral basis i.e. RTGS AS settlement procedure B).

| (d) | The algorithm ‘optimisation on sub-accounts’ is used to optimise the settlement of urgent priority AS transfer orders on participants’ sub-accounts. When using this algorithm the ECB shall calculate the total liquidity position of each participant’s sub-account by establishing whether the aggregate of all outgoing and incoming AS transfer orders pending in the queue is negative or positive. If the outcome of these calculations and checks is positive for each relevant sub-account, the ECB and other CBs involved shall settle all cash transfers simultaneously on the sub-accounts of the participants concerned. If the outcome of these calculations and checks is negative no settlement shall take place. Furthermore, this algorithm does not take account of any limits or reservations. For each settlement bank the total position is calculated and, if the positions for all settlement banks are covered, all transactions shall be settled. Transactions which are not covered are returned to the queue. |
| --- | --- |

(d)

The algorithm ‘optimisation on sub-accounts’ is used to optimise the settlement of urgent priority AS transfer orders on participants’ sub-accounts. When using this algorithm the ECB shall calculate the total liquidity position of each participant’s sub-account by establishing whether the aggregate of all outgoing and incoming AS transfer orders pending in the queue is negative or positive. If the outcome of these calculations and checks is positive for each relevant sub-account, the ECB and other CBs involved shall settle all cash transfers simultaneously on the sub-accounts of the participants concerned. If the outcome of these calculations and checks is negative no settlement shall take place. Furthermore, this algorithm does not take account of any limits or reservations. For each settlement bank the total position is calculated and, if the positions for all settlement banks are covered, all transactions shall be settled. Transactions which are not covered are returned to the queue.

| (e) | Cash transfer orders entered after the multiple optimisation algorithm, the partial optimisation algorithm or the partial optimisation with AS algorithm has started may nevertheless be settled immediately if the positions and limits of the participants’ RTGS DCAs concerned are compatible with both the settlement of these orders and the settlement of cash transfer orders in the current optimisation procedure. |
| --- | --- |

(e)

Cash transfer orders entered after the multiple optimisation algorithm, the partial optimisation algorithm or the partial optimisation with AS algorithm has started may nevertheless be settled immediately if the positions and limits of the participants’ RTGS DCAs concerned are compatible with both the settlement of these orders and the settlement of cash transfer orders in the current optimisation procedure.

| (f) | The partial optimisation algorithm and the multiple optimisation algorithm shall be run sequentially in that order. They shall not be run if RTGS AS settlement procedure B is running. |
| --- | --- |

(f)

The partial optimisation algorithm and the multiple optimisation algorithm shall be run sequentially in that order. They shall not be run if RTGS AS settlement procedure B is running.

| (g) | The algorithms shall run flexibly by setting a pre-defined time lag between the application of different algorithms to ensure a minimum interval between the running of two algorithms. The time sequence shall be automatically controlled. Manual intervention shall be possible. |
| --- | --- |

(g)

The algorithms shall run flexibly by setting a pre-defined time lag between the application of different algorithms to ensure a minimum interval between the running of two algorithms. The time sequence shall be automatically controlled. Manual intervention shall be possible.

| (h) | While included in a running algorithm, a payment order shall not be reordered (change of the position in a queue) or revoked. Requests for reordering or revocation of a payment order shall be queued until the algorithm is complete. If the payment order concerned is settled while the algorithm is running, any request to reorder or revoke shall be rejected. If the payment order is not settled, the participant’s requests shall be taken into account immediately. |
| --- | --- |

(h)

While included in a running algorithm, a payment order shall not be reordered (change of the position in a queue) or revoked. Requests for reordering or revocation of a payment order shall be queued until the algorithm is complete. If the payment order concerned is settled while the algorithm is running, any request to reorder or revoke shall be rejected. If the payment order is not settled, the participant’s requests shall be taken into account immediately.

10.   Connectivity

Participants shall connect to TARGET using one of the following modes.

| (a) | The user to application (U2A) mode: in the U2A mode, participants connect via a GUI which allows users to perform business functions based on their respective access rights. It allows users to enter and maintain business data as well as to retrieve business information. The relevant User Handbook (UHB) provides exhaustive information on each of the business functions that the respective GUI provides. |
| --- | --- |

(a)

The user to application (U2A) mode: in the U2A mode, participants connect via a GUI which allows users to perform business functions based on their respective access rights. It allows users to enter and maintain business data as well as to retrieve business information. The relevant User Handbook (UHB) provides exhaustive information on each of the business functions that the respective GUI provides.

| (b) | The application to application (A2A) mode: in A2A mode software applications communicate with TARGET by exchanging single messages and files based on their respective access rights and message subscription and routing configuration. The A2A communication relies on XML messages, using the ISO 20022 standard where applicable, for both inbound and outbound communication. |
| --- | --- |

(b)

The application to application (A2A) mode: in A2A mode software applications communicate with TARGET by exchanging single messages and files based on their respective access rights and message subscription and routing configuration. The A2A communication relies on XML messages, using the ISO 20022 standard where applicable, for both inbound and outbound communication.

The modes of connection are described in further detail in the ESMIG UDFS.

11.   The UDFS and the User Handbook

Further details and examples explaining the above rules are contained in the respective UDFS and the User Handbooks for each service, as amended from time to time and published on the ECB’s website in English.

---

(1)  For sub-accounts this section must start with the 3-character AS code as defined by the central bank.

---

APPENDIX II

TARGET COMPENSATION SCHEME

1.   General principles

| (a) | If there is a technical malfunction of TARGET, participants may submit claims for compensation in accordance with the TARGET compensation scheme laid down in this Appendix. |
| --- | --- |

(a)

If there is a technical malfunction of TARGET, participants may submit claims for compensation in accordance with the TARGET compensation scheme laid down in this Appendix.

| (b) | Unless otherwise decided by the ECB’s Governing Council, the TARGET compensation scheme shall not apply if the technical malfunction of TARGET arises out of external events beyond the reasonable control of the CBs concerned or as a result of acts or omissions by third parties. |
| --- | --- |

(b)

Unless otherwise decided by the ECB’s Governing Council, the TARGET compensation scheme shall not apply if the technical malfunction of TARGET arises out of external events beyond the reasonable control of the CBs concerned or as a result of acts or omissions by third parties.

| (c) | Compensation under the TARGET compensation scheme shall be the only compensation procedure offered in the event of a technical malfunction of TARGET. Participants may, however, use other legal means to claim for losses. If a participant accepts a compensation offer under the TARGET compensation scheme, this shall constitute the participant’s irrevocable agreement that it thereby waives all claims in relation to the cash transfer orders concerning which it accepts compensation (including any claims for consequential loss) it may have against any CB, and that the receipt by it of the corresponding compensation payment constitutes full and final settlement of all such claims. The participant shall indemnify the CBs concerned, up to a maximum of the amount received under the TARGET compensation scheme, in respect of any further claims which are raised by any other participant or any other third party in relation to the cash transfer order or cash transfer concerned. |
| --- | --- |

(c)

Compensation under the TARGET compensation scheme shall be the only compensation procedure offered in the event of a technical malfunction of TARGET. Participants may, however, use other legal means to claim for losses. If a participant accepts a compensation offer under the TARGET compensation scheme, this shall constitute the participant’s irrevocable agreement that it thereby waives all claims in relation to the cash transfer orders concerning which it accepts compensation (including any claims for consequential loss) it may have against any CB, and that the receipt by it of the corresponding compensation payment constitutes full and final settlement of all such claims. The participant shall indemnify the CBs concerned, up to a maximum of the amount received under the TARGET compensation scheme, in respect of any further claims which are raised by any other participant or any other third party in relation to the cash transfer order or cash transfer concerned.

| (d) | The making of a compensation offer shall not constitute an admission of liability by the ECB or any other CB in respect of a technical malfunction of TARGET. |
| --- | --- |

(d)

The making of a compensation offer shall not constitute an admission of liability by the ECB or any other CB in respect of a technical malfunction of TARGET.

2.   Conditions for compensation offers

| (a) | A payer may submit a claim for an administration fee and interest compensation if, due to a technical malfunction of TARGET cash transfer order was not settled on the business day on which it was accepted. |
| --- | --- |

(a)

A payer may submit a claim for an administration fee and interest compensation if, due to a technical malfunction of TARGET cash transfer order was not settled on the business day on which it was accepted.

| (b) | A payee may submit a claim for an administration fee if due to a technical malfunction of TARGET it did not receive a cash transfer that it was expecting to receive on a particular business day. The payee may also submit a claim for interest compensation if one or more of the following conditions are met:






  (i) | in the case of participants that have access to the marginal lending facility: due to a technical malfunction of TARGET, a payee had recourse to the marginal lending facility; and/or |
| --- | --- | --- |

(b)

A payee may submit a claim for an administration fee if due to a technical malfunction of TARGET it did not receive a cash transfer that it was expecting to receive on a particular business day. The payee may also submit a claim for interest compensation if one or more of the following conditions are met:

(i)

in the case of participants that have access to the marginal lending facility: due to a technical malfunction of TARGET, a payee had recourse to the marginal lending facility; and/or

| (ii) | in the case of all participants: it was technically impossible to have recourse to the money market or such refinancing was impossible on other, objectively reasonable grounds. |
| --- | --- |

(ii)

in the case of all participants: it was technically impossible to have recourse to the money market or such refinancing was impossible on other, objectively reasonable grounds.

3.   Calculation of compensation

| (a) | With respect to a compensation offer for a payer:






  (i) | the administration fee shall be EUR 50 for the first non-settled cash transfer order, EUR 25 for each of the next four such cash transfer orders and EUR 12,50 for each further such cash transfer order. The administration fee shall be calculated separately in relation to each payee; |
| --- | --- | --- |

(a)

With respect to a compensation offer for a payer:

(i)

the administration fee shall be EUR 50 for the first non-settled cash transfer order, EUR 25 for each of the next four such cash transfer orders and EUR 12,50 for each further such cash transfer order. The administration fee shall be calculated separately in relation to each payee;

| (ii) | interest compensation shall be determined by applying a reference rate to be fixed from day to day. This reference rate shall be the lower of the euro short term reference rate (€STR) rate and the marginal lending facility rate. The reference rate shall be applied to the amount of the cash transfer order not settled as a result of the technical malfunction of TARGET for each day in the period from the date of the actual or, in relation to cash transfer orders referred to in paragraph 2(b)(ii), intended submission of the cash transfer order until the date on which the cash transfer order was or could have been successfully settled. Any interest or charges resulting from the placing of any nonsettled cash transfer orders on deposit with the Eurosystem shall be deducted from, or charged to, the amount of any compensation, as the case may be; |
| --- | --- |

(ii)

interest compensation shall be determined by applying a reference rate to be fixed from day to day. This reference rate shall be the lower of the euro short term reference rate (€STR) rate and the marginal lending facility rate. The reference rate shall be applied to the amount of the cash transfer order not settled as a result of the technical malfunction of TARGET for each day in the period from the date of the actual or, in relation to cash transfer orders referred to in paragraph 2(b)(ii), intended submission of the cash transfer order until the date on which the cash transfer order was or could have been successfully settled. Any interest or charges resulting from the placing of any nonsettled cash transfer orders on deposit with the Eurosystem shall be deducted from, or charged to, the amount of any compensation, as the case may be;

| (iii) | no interest compensation shall be payable if and in so far as funds resulting from nonsettled cash transfer orders were placed in the market or used to fulfil minimum reserve requirements. |
| --- | --- |

(iii)

no interest compensation shall be payable if and in so far as funds resulting from nonsettled cash transfer orders were placed in the market or used to fulfil minimum reserve requirements.

| (b) | With respect to a compensation offer for a payee:






  (i) | the administration fee shall be EUR 50 for the first non-settled cash transfer order, EUR 25 for each of the next four such cash transfer orders and EUR 12,50 for each further such cash transfer order. The administration fee shall be calculated separately in relation to each payer; |
| --- | --- | --- |

(b)

With respect to a compensation offer for a payee:

(i)

the administration fee shall be EUR 50 for the first non-settled cash transfer order, EUR 25 for each of the next four such cash transfer orders and EUR 12,50 for each further such cash transfer order. The administration fee shall be calculated separately in relation to each payer;

| (ii) | the method set out in subparagraph (a)(ii) for calculating interest compensation shall apply except that interest compensation shall be payable at a rate equal to the difference between the marginal lending facility rate and the reference rate, and shall be calculated on the amount of any recourse to the marginal lending facility occurring as a result of the technical malfunction of TARGET. |
| --- | --- |

(ii)

the method set out in subparagraph (a)(ii) for calculating interest compensation shall apply except that interest compensation shall be payable at a rate equal to the difference between the marginal lending facility rate and the reference rate, and shall be calculated on the amount of any recourse to the marginal lending facility occurring as a result of the technical malfunction of TARGET.

4.   Procedural rules

| (a) | A claim for compensation shall be submitted on the claim form available on the website of the ECB (see https://www.ecb.europa.eu). Payers shall submit a separate claim form in respect of each payee and payees shall submit a separate claim form in respect of each payer. Sufficient additional information and documents shall be provided to support the information indicated in the claim form. Only one claim may be submitted in relation to a specific payment or payment order. |
| --- | --- |

(a)

A claim for compensation shall be submitted on the claim form available on the website of the ECB (see https://www.ecb.europa.eu). Payers shall submit a separate claim form in respect of each payee and payees shall submit a separate claim form in respect of each payer. Sufficient additional information and documents shall be provided to support the information indicated in the claim form. Only one claim may be submitted in relation to a specific payment or payment order.

| (b) | Within four weeks of a technical malfunction of TARGET, participants shall submit their claim forms to the ECB. Any additional information and evidence requested by the ECB shall be supplied within two weeks of such request being made. |
| --- | --- |

(b)

Within four weeks of a technical malfunction of TARGET, participants shall submit their claim forms to the ECB. Any additional information and evidence requested by the ECB shall be supplied within two weeks of such request being made.

| (c) | The ECB shall review the claims and forward them to the ECB. Unless otherwise decided by the ECB’s Governing Council and communicated to the participants, all received claims shall be assessed no later than 14 weeks after the technical malfunction of TARGET occurs. |
| --- | --- |

(c)

The ECB shall review the claims and forward them to the ECB. Unless otherwise decided by the ECB’s Governing Council and communicated to the participants, all received claims shall be assessed no later than 14 weeks after the technical malfunction of TARGET occurs.

| (d) | The ECB shall communicate the result of the assessment referred to in subparagraph (c) to the relevant participants. If the assessment entails a compensation offer, the participants concerned shall, within four weeks of the communication of such offer, either accept or reject it, in respect of each cash transfer order comprised within each claim, by signing a standard letter of acceptance (in the form available on the website of the ECB (see https://www.ecb.europa.eu). If such letter has not been received by the ECB within four weeks, the participants concerned shall be deemed to have rejected the compensation offer. |
| --- | --- |

(d)

The ECB shall communicate the result of the assessment referred to in subparagraph (c) to the relevant participants. If the assessment entails a compensation offer, the participants concerned shall, within four weeks of the communication of such offer, either accept or reject it, in respect of each cash transfer order comprised within each claim, by signing a standard letter of acceptance (in the form available on the website of the ECB (see https://www.ecb.europa.eu). If such letter has not been received by the ECB within four weeks, the participants concerned shall be deemed to have rejected the compensation offer.

| (e) | The ECB shall make compensation payments on receipt of a participant’s letter of acceptance of compensation. No interest shall be payable on any compensation payment. |
| --- | --- |

(e)

The ECB shall make compensation payments on receipt of a participant’s letter of acceptance of compensation. No interest shall be payable on any compensation payment.

---

APPENDIX III

TERMS OF REFERENCE FOR CAPACITY AND COUNTRY OPINIONS

Terms of reference for capacity opinions for participants in TARGET

| European Central Bank |
| --- |
| Sonnemannstrasse 20 |
| 60314 Frankfurt am Main |
| GERMANY |

European Central Bank

Sonnemannstrasse 20

60314 Frankfurt am Main

GERMANY

Participation in TARGET-ECB

[location]

[date]

Dear Sir or Madam,

We have been asked to provide this Opinion as [in-house or external] legal advisers to [specify name of Participant or branch of Participant] in respect of issues arising under the laws of [jurisdiction in which the Participant is established; hereinafter the ‘jurisdiction’] in connection with the participation of [specify name of Participant] (hereinafter the ‘Participant’) in TARGET-ECB (hereinafter the ‘System’).

This Opinion is confined to the laws of [jurisdiction] as they exist as on the date of this Opinion. We have made no investigation of the laws of any other jurisdiction as a basis for this Opinion, and do not express or imply any opinion in this regard. Each of the statements and opinions presented below applies with equal accuracy and validity under the laws of [jurisdiction], whether or not the Participant acts through its head office or one or more branches established inside or outside of [jurisdiction] in submitting Cash transfer orders and receiving Cash transfers.

I.   DOCUMENTS EXAMINED

For the purposes of this Opinion, we have examined:

| (1) | a certified copy of the [specify relevant constitutional documents] of the Participant such as is/ar in effect on the date hereof; |
| --- | --- |

(1)

a certified copy of the [specify relevant constitutional documents] of the Participant such as is/ar in effect on the date hereof;

| (2) | [if applicable] an extract from the [specify relevant company register] and [if applicable] [register of credit institutions or analogous register]; |
| --- | --- |

(2)

[if applicable] an extract from the [specify relevant company register] and [if applicable] [register of credit institutions or analogous register];

| (3) | [to the extent applicable] a copy of the Participant’s licence or other proof of authorisation to provide banking, investment, funds transfer or other financial services in line with the access criteria for participation in TARGET in [jurisdiction]; |
| --- | --- |

(3)

[to the extent applicable] a copy of the Participant’s licence or other proof of authorisation to provide banking, investment, funds transfer or other financial services in line with the access criteria for participation in TARGET in [jurisdiction];

| (4) | [if applicable] a copy of a resolution adopted by the board of directors or the relevant governin body of the Participant on [insert date], [insert year], evidencing the Participant’s agreement to adhere to the System Documents, as defined below; and |
| --- | --- |

(4)

[if applicable] a copy of a resolution adopted by the board of directors or the relevant governin body of the Participant on [insert date], [insert year], evidencing the Participant’s agreement to adhere to the System Documents, as defined below; and

| (5) | [specify all powers of attorney and other documents constituting or evidencing the requisite power of the person or persons signing the relevant System Documents (as defined below) on behalf of the Participant]; |
| --- | --- |

(5)

[specify all powers of attorney and other documents constituting or evidencing the requisite power of the person or persons signing the relevant System Documents (as defined below) on behalf of the Participant];

and all other documents relating to the Participant’s constitution, powers, and authorisations necessary or appropriate for the provision of this Opinion (hereinafter the ‘Participant Documents’).

For the purposes of this Opinion, we have also examined:

| (1) | Decision (EU) [YYYY/[XX]] of the European Central Bank of [date Month 2022] concerning the terms and conditions of TARGET-ECB ([ECB/2022/XX]) (1) for the System (hereinafter the ‘Rules’); and |
| --- | --- |

(1)

Decision (EU) [YYYY/[XX]] of the European Central Bank of [date Month 2022] concerning the terms and conditions of TARGET-ECB ([ECB/2022/XX]) (1) for the System (hereinafter the ‘Rules’); and

| (2) | [...]. |
| --- | --- |

(2)

[...].

The Rules and the [...] shall be referred to hereinafter as the ‘System Documents’ (and collectively with the Participant Documents as the ‘Documents’).

II.   ASSUMPTIONS

For the purposes of this Opinion we have assumed in relation to the Documents that:

| (1) | the System Documents with which we have been provided are originals or true copies; |
| --- | --- |

(1)

the System Documents with which we have been provided are originals or true copies;

| (2) | the terms of the System Documents and the rights and obligations created by them are valid and legally binding under the laws of the Federal Republic of Germany by which they are expressed to be governed, and the choice of the laws of the Federal Republic of Germany to govern the System Documents is recognised by the laws of the Federal Republic of Germany; |
| --- | --- |

(2)

the terms of the System Documents and the rights and obligations created by them are valid and legally binding under the laws of the Federal Republic of Germany by which they are expressed to be governed, and the choice of the laws of the Federal Republic of Germany to govern the System Documents is recognised by the laws of the Federal Republic of Germany;

| (3) | the Participant Documents are within the capacity and power of and have been validly authorised, adopted or executed and, where necessary, delivered by the relevant parties; and |
| --- | --- |

(3)

the Participant Documents are within the capacity and power of and have been validly authorised, adopted or executed and, where necessary, delivered by the relevant parties; and

| (4) | the Participant Documents are binding on the parties to which they are addressed, and there has been no breach of any of their terms. |
| --- | --- |

(4)

the Participant Documents are binding on the parties to which they are addressed, and there has been no breach of any of their terms.

III.   OPINIONS REGARDING THE PARTICIPANT

| A. | The Participant is a corporation duly established and registered or otherwise duly incorporated or organised under the laws of [jurisdiction]. |
| --- | --- |

A.

The Participant is a corporation duly established and registered or otherwise duly incorporated or organised under the laws of [jurisdiction].

| B. | The Participant has all the requisite corporate powers to execute and perform the rights and obligations under the System Documents to which it is party. |
| --- | --- |

B.

The Participant has all the requisite corporate powers to execute and perform the rights and obligations under the System Documents to which it is party.

| C. | The adoption or execution and the performance by the Participant of the rights and obligations under the System Documents to which the Participant is party do not in any way breach any provision of the laws or regulations of [jurisdiction] applicable to the Participant or the Participant Documents. |
| --- | --- |

C.

The adoption or execution and the performance by the Participant of the rights and obligations under the System Documents to which the Participant is party do not in any way breach any provision of the laws or regulations of [jurisdiction] applicable to the Participant or the Participant Documents.

| D. | No additional authorisations, approvals, consents, filings, registrations, notarisations or other certifications of or with any court or governmental, judicial or public authority that is competent in [jurisdiction] are required by the Participant in connection with the adoption, validity or enforceability of any of the System Documents or the execution or performance of the rights and obligations thereunder. |
| --- | --- |

D.

No additional authorisations, approvals, consents, filings, registrations, notarisations or other certifications of or with any court or governmental, judicial or public authority that is competent in [jurisdiction] are required by the Participant in connection with the adoption, validity or enforceability of any of the System Documents or the execution or performance of the rights and obligations thereunder.

| E. | The Participant has taken all necessary corporate action and other steps necessary under the law of [jurisdiction] to ensure that its obligations under the System Documents are legal, valid and binding. |
| --- | --- |

E.

The Participant has taken all necessary corporate action and other steps necessary under the law of [jurisdiction] to ensure that its obligations under the System Documents are legal, valid and binding.

This Opinion is stated as of its date and is addressed solely to the ECB and the [Participant]. No other persons may rely on this Opinion, and the contents of this Opinion may not be disclosed to persons other than its intended recipients and their legal counsel without our prior written consent, with the exception of the national central banks of the European System of Central Banks and the relevant regulatory authorities of [jurisdiction].

Yours faithfully,

[signature]

Terms of reference for country opinions for non-EEA participants in TARGET

| European Central Bank |
| --- |
| Sonnemannstrasse 20 |
| 60314 Frankfurt am Main |
| GERMANY |

European Central Bank

Sonnemannstrasse 20

60314 Frankfurt am Main

GERMANY

Participation in TARGET-ECB

[location],

[date]

Dear Sir or Madam,

We have been asked as [external] legal advisers to [specify name of Participant or branch of Participant] (the ‘Participant’) in respect of issues arising under the laws of [jurisdiction in which the Participant is established; hereinafter the ‘jurisdiction’] to provide this Opinion under the laws of [jurisdiction] in connection with the participation of the Participant in TARGET-ECB which is a component system of TARGET (hereinafter the ‘System’). References herein to the laws of [jurisdiction] include all applicable regulations of [jurisdiction]. We express an opinion herein under the law of [jurisdiction], with particular regard to the Participant established outside the Federal Republic of Germany in relation to rights and obligations arising from participation in the System, as presented in the System Documents defined below.

This Opinion is confined to the laws of [jurisdiction] as they exist on the date of this Opinion. We have made no investigation of the laws of any other jurisdiction as a basis for this Opinion, and do not express or imply any opinion in this regard. We have assumed that there is nothing in the laws of another jurisdiction which affects this Opinion.

1.   DOCUMENTS EXAMINED

For the purposes of this Opinion, we have examined the documents listed below and such other documents as we have deemed necessary or appropriate:

| (1) | Decision (EU) [YYYY/[XX]] of the European Central Bank of [date Month 2022] concerning the terms and conditions of TARGET-ECB ([ECB/2022/XX]) (2) for the System (hereinafter the ‘Rules’); and |
| --- | --- |

(1)

Decision (EU) [YYYY/[XX]] of the European Central Bank of [date Month 2022] concerning the terms and conditions of TARGET-ECB ([ECB/2022/XX]) (2) for the System (hereinafter the ‘Rules’); and

| (2) | any other document governing the System and/or the relationship between the Participant and other participants in the System, and between the participants in the System and the ECB. |
| --- | --- |

(2)

any other document governing the System and/or the relationship between the Participant and other participants in the System, and between the participants in the System and the ECB.

The Rules and the [ ... ] shall be referred to hereinafter as the ‘System Documents’.

2.   ASSUMPTIONS

For the purposes of this Opinion we have assumed in relation to the System Documents that:

| (1) | the System Documents are within the capacity and power of and have been validly authorised, adopted or executed and, where necessary, delivered by the relevant parties; |
| --- | --- |

(1)

the System Documents are within the capacity and power of and have been validly authorised, adopted or executed and, where necessary, delivered by the relevant parties;

| (2) | the terms of the System Documents and the rights and obligations created by them are valid and legally binding under the laws of the Federal Republic of Germany, by which they are expressed to be governed, and the choice of the laws of the Federal Republic of Gernany to govern the System Documents is recognised by the laws of the Federal Republic of Gernany; |
| --- | --- |

(2)

the terms of the System Documents and the rights and obligations created by them are valid and legally binding under the laws of the Federal Republic of Germany, by which they are expressed to be governed, and the choice of the laws of the Federal Republic of Gernany to govern the System Documents is recognised by the laws of the Federal Republic of Gernany;

| (3) | the participants in the System through which any Cash transfer orders are sent or Cash transfers are received, or through which any rights or obligations under the System Documents are executed or performed, are licensed to provide funds transfer services, in all relevant jurisdictions; and |
| --- | --- |

(3)

the participants in the System through which any Cash transfer orders are sent or Cash transfers are received, or through which any rights or obligations under the System Documents are executed or performed, are licensed to provide funds transfer services, in all relevant jurisdictions; and

| (4) | the documents submitted to us in copy or as specimens conform to the originals. |
| --- | --- |

(4)

the documents submitted to us in copy or as specimens conform to the originals.

3.   OPINION

Based on and subject to the foregoing, and subject in each case to the points set out below, we are of the opinion that:

3.1.   Country-specific legal aspects [to the extent applicable]

The following characteristics of the legislation of [jurisdiction] are consistent with and in no way set aside the obligations of the Participant arising out of the System Documents: [list of country-specific legal aspects].

3.2.   General insolvency issues

3.2.a.   Types of insolvency proceedings

The only types of insolvency proceedings (including composition or rehabilitation) which, for the purpose of this Opinion, shall include all proceedings in respect of the Participant’s assets or any branch it may have in [jurisdiction] to which the Participant may become subject in [jurisdiction], are the following: [list proceedings in original language and English translation] (together collectively referred to as ‘Insolvency Proceedings’).

In addition to Insolvency Proceedings, the Participant, any of its assets, or any branch it may have in [jurisdiction] may become subject in [jurisdiction] to [list any applicable moratorium, receivership, or any other proceedings as a result of which payments to and/or from the Participant may be suspended, or limitations can be imposed in relation to such payments, or similar proceedings in original language and English translation] (hereinafter collectively referred to as ‘Proceedings’).

3.2.b.   Insolvency treaties

[jurisdiction] or certain political subdivisions within [jurisdiction], as specified, is/are party to the following insolvency treaties: [specify, if applicable which have or may have an impact on this Opinion].

3.3.   Enforceability of System Documents

Subject to the points set out below, all provisions of the System Documents will be binding an enforceable in accordance with their terms under the laws of [jurisdiction], in particular in the event of the opening of any Insolvency Proceedings or Proceedings with respect to the Participant.

In particular, we are of the opinion that:

3.3.a.   Processing of Cash transfer orders

The provisions on processing of Cash transfer orders of the Rules [add the relevant provisions implementing Articles 16 and 17 of Part I of Annex I, Articles 4 to 7 and 9 of Part II of Annex I, Articles 5 to 10 and 14 to 16 of Part III of Annex I, Articles 4 and 6 to 7 of Part IV of Annex I, Articles 6 and 10 of Part V of Annex I] are valid and enforceable. In particular, all Cash transfer orders processed pursuant to such sections will be valid, binding and will be enforceable under the laws of [jurisdiction].

The provision of the Rules which specifies the precise point in time at which Cash transfer orders submitted by the Participant to the System become enforceable and irrevocable [add the relevant provision implementing Article 17 of Annex 1, Part I] is valid, binding and enforceable under the laws of [jurisdiction].

3.3.b.   Authority of the ECB to perform its functions

The opening of Insolvency Proceedings or Proceedings in respect of the Participant will not affect the authority and powers of the ECB arising out of the System Documents. [Specify [to the extent applicable] that: the same opinion is also applicable in respect of any other entity which provides the Participants with services directly and necessarily required for participation in the System, e.g. NSP].

3.3.c.   Remedies in the event of default

[Where applicable to the Participant, the provisions contained in [list of sections] of the Rules regarding accelerated performance of claims which have not yet matured, the set-off of claims for using the deposits of the Participant, the enforcement of a pledge, suspension and termination of participation, claims for default interest, and termination of agreements and transactions ([insert other relevant clauses of the Rules or the System Documents]) are valid and enforceable under the laws of [jurisdiction].]

3.3.d.   Suspension and termination

Where applicable to the Participant, the provisions contained in [list of sections] of the Rules (in respect of suspension and termination of the Participant’s participation in the System on the opening of Insolvency Proceedings or Proceedings or other events of default, as defined in the System Documents, or if the Participant represents any kind of systemic risk or has serious operational problems) are valid and enforceable under the laws of [jurisdiction].

3.3.e.   Penalty regime

Where applicable to the Participant, the provisions contained in [list of sections] of the Rules in respect of penalties imposed on a Participant which is unable to reimburse intraday credit or overnight credit, where applicable, on time are valid and enforceable under the laws of [jurisdiction].

3.3.f.   Assignment of rights and obligations

The rights and obligations of the Participant cannot be assigned, altered or otherwise transferred by the Participant to third parties without the prior written consent of the ECB.

3.3.g.   Choice of governing law and jurisdiction

The provisions contained in [list of sections] of the Rules, and in particular in respect of the governing law, the resolution of a dispute, competent courts, and service of process are valid and enforceable under the laws of [jurisdiction].

3.4.   Voidable preferences

We are of the opinion that no obligation arising out of the System Documents, the performance thereof, or compliance therewith prior to the opening of any Insolvency Proceedings or Proceedings in respect of the Participant may be set aside in any such proceedings as a preference, voidable transaction or otherwise under the laws of [jurisdiction].

In particular, and without limitation to the foregoing, we express this opinion in respect of any Cas transfer orders submitted by any participant in the System. In particular, we are of the opinion that the provisions of [list of sections] of the Rules establishing the enforceability and irrevocability of Cash transfer orders will be valid and enforceable and that a Cash transfer orders submitted by any participant and processed pursuant to [list of sections] of the Rules may not be set aside in any Insolvency Proceedings or Proceedings as a preference, voidable transaction or otherwise under the laws of [jurisdiction].

3.5.   Attachment

If a creditor of the Participant seeks an attachment order (including any freezing order, order for seizure or any other public or private law procedure that is intended to protect the public interest or the rights of the Participant’s creditors) — hereinafter referred to as an ‘Attachment’ — under the laws of [jurisdiction] from a court or governmental, judicial or public authority that is competent in [jurisdiction], we are of the opinion that [insert the analysis and discussion].

3.6.   Collateral [if applicable]

3.6.a.   Assignment of rights or deposit of assets for collateral purposes, pledge and/or repo

Assignments for collateral purposes will be valid and enforceable under the laws of [jurisdiction]. Specifically, the creation and enforcement of a pledge or repo under the [insert reference to the relevant arrangement with the CB] will be valid and enforceable under the laws of [jurisdiction].

3.6.b.   Priority of assignees’, pledgees’ or repo purchasers’ interest over that of other claimants

In the event of Insolvency Proceedings or Proceedings in respect of the Participant, the rights or assets assigned for collateral purposes, or pledged by the Participant in favour of the ECB or other participants in the System, will rank in priority of payment above the claims of all other creditors of the Participant and will not be subject to priority or preferential creditors.

3.6.c.   Enforcing title to security

Even in the event of Insolvency Proceedings or Proceedings in respect of the Participant, other participants in the System and the ECB as [assignees, pledgees or repo purchasers as applicable] will still be free to enforce and collect the Participant’s rights or assets through the action of the ECB pursuant to the Rules.

3.6.d.   Form and registration requirements

There are no form requirements for the assignment for collateral purposes of, or the creation and enforcement of a pledge or repo over the Participant’s rights or assets and it is not necessary for the [assignment for collateral purposes, pledge or repo, as applicable], or any particulars of such [assignment, pledge or repo, as applicable,] to be registered or filed with any court or governmental, judicial or public authority that is competent in [jurisdiction].

3.7.   Branches [to the extent applicable]

3.7.a.   Opinion applies to action through branches

Each of the statements and opinions presented above with regard to the Participant applies with equal accuracy and validity under the laws of [jurisdiction] in situations where the Participant acts through its one or more of its branches established outside [jurisdiction].

3.7.b.   Conformity with law

Neither the execution and performance of the rights and obligations under the System Documents nor the submission, transmission or receipt of Cash transfer orders by a branch of the Participant will in any respect breach the laws of [jurisdiction].

3.7.c.   Required authorisations

Neither the execution and performance of the rights and obligations under the System Documents nor the submission, transmission or receipt of Cash transfer orders by a branch of a Participant will require any additional authorisations, approvals, consents, filings, registrations, notarisations or other certifications of or with any court or governmental, judicial or public authority that is competent in [jurisdiction].

This Opinion is stated as of its date and is addressed solely to the ECB and the [Participant]. No other persons may rely on this Opinion, and the contents of this Opinion may not be disclosed to persons other than its intended recipients and their legal counsel without our prior written consent, with the exception of the European Central Bank and the national central banks of the European System of Central Banks [and [the national central bank/relevant regulatory authorities] of [jurisdiction]].

Yours faithfully,

[signature]

---

(1)  Not yet published in the Official Journal.

(2)  Not yet published in the Official Journal.

---

APPENDIX IV

BUSINESS CONTINUITY AND CONTINGENCY PROCEDURES

1.   GENERAL PROVISIONS

This Appendix sets out the arrangements between the ECB and participants, if TARGET or one or more of the NSPs fail or are affected by an abnormal external event, or if the failure affects any participant.

All references to specific times in this Appendix are to the local time at the seat of the ECB.

Provisions set out in this section 1 shall apply to MCAs, RTGS DCAs and their sub-accounts, RTGS AS technical accounts, T2S DCAs, TIPS DCAs and TIPS AS technical accounts.

1.1.   Measures of business continuity and contingency processing

| (a) | In the event that an abnormal external event occurs and/or there is a failure of TARGET and/or there is a failure of one or more NSPs which affects the normal operation of TARGET, the ECB shall be entitled to adopt business continuity and contingency processing measures. |
| --- | --- |

(a)

In the event that an abnormal external event occurs and/or there is a failure of TARGET and/or there is a failure of one or more NSPs which affects the normal operation of TARGET, the ECB shall be entitled to adopt business continuity and contingency processing measures.

| (b) | The following main business continuity and contingency processing measures shall be available in TARGET:






  (i) | relocating the operation of TARGET to an alternative site; |
| --- | --- | --- |

(b)

The following main business continuity and contingency processing measures shall be available in TARGET:

(i)

relocating the operation of TARGET to an alternative site;

| (ii) | changing the TARGET operating schedule. |
| --- | --- |

(ii)

changing the TARGET operating schedule.

| (c) | In relation to business continuity and contingency processing measures, the ECB shall have full discretion regarding whether and which measures are adopted. |
| --- | --- |

(c)

In relation to business continuity and contingency processing measures, the ECB shall have full discretion regarding whether and which measures are adopted.

1.2.   Incident communication

If an event described under paragraph 1.1(a) occurs, this shall be communicated to participants via the ECB’s website, if available, through the GUI(s) and, if applicable via domestic communication channels. In particular, communications to participants shall include the following information:

| (i) | a description of the event and its impact on TARGET; |
| --- | --- |

(i)

a description of the event and its impact on TARGET;

| (ii) | the time at which resolution of the event is expected (if known); |
| --- | --- |

(ii)

the time at which resolution of the event is expected (if known);

| (iii) | information on the measures already taken (if any); |
| --- | --- |

(iii)

information on the measures already taken (if any);

| (iv) | the advice to participants (if any); |
| --- | --- |

(iv)

the advice to participants (if any);

| (v) | the timestamp of the communication and indication of when an update will be provided. |
| --- | --- |

(v)

the timestamp of the communication and indication of when an update will be provided.

1.3.   Change of operating hours

| (a) | When changing the TARGET operating schedule as provided for in Part I, Article 18(2) of these Conditions, the ECB may delay the cut off times of TARGET for a given business day or delay the start of the following business day, or change the timing of any other event listed in Appendix V. |
| --- | --- |

(a)

When changing the TARGET operating schedule as provided for in Part I, Article 18(2) of these Conditions, the ECB may delay the cut off times of TARGET for a given business day or delay the start of the following business day, or change the timing of any other event listed in Appendix V.

| (b) | The cut off times of TARGET for a given business day may be delayed if a TARGET failure has occurred during that day but has been resolved before 18:00. Such a closing time delay should not normally exceed two hours and shall be announced as early as possible to participants. |
| --- | --- |

(b)

The cut off times of TARGET for a given business day may be delayed if a TARGET failure has occurred during that day but has been resolved before 18:00. Such a closing time delay should not normally exceed two hours and shall be announced as early as possible to participants.

| (c) | Once a delay of the cut off times of TARGET is announced, it may be further delayed but may not be withdrawn. |
| --- | --- |

(c)

Once a delay of the cut off times of TARGET is announced, it may be further delayed but may not be withdrawn.

1.4.   Other provisions

| (a) | In the event of a failure of the ECB, some or all of its technical functions in relation to TARGET-[insert CB/country reference] may be performed by other Eurosystem CBs or by the Level 3 NCBs on its behalf. |
| --- | --- |

(a)

In the event of a failure of the ECB, some or all of its technical functions in relation to TARGET-[insert CB/country reference] may be performed by other Eurosystem CBs or by the Level 3 NCBs on its behalf.

| (b) | The ECB may require that the participants participate in regular or ad hoc testing of business continuity and contingency processing measures, training or any other preventative arrangements, as deemed necessary by the ECB. Any costs incurred by the participants as a result of such testing or other arrangements shall be borne solely by the participants. |
| --- | --- |

(b)

The ECB may require that the participants participate in regular or ad hoc testing of business continuity and contingency processing measures, training or any other preventative arrangements, as deemed necessary by the ECB. Any costs incurred by the participants as a result of such testing or other arrangements shall be borne solely by the participants.

2.   BUSINESS CONTINUITY AND CONTINGENCY PROCEDURES (RTGS DCA AND RTGS AS SETTLEMENT PROCEDURES)

In addition to the provisions set out in section 1, the provisions set out in this section 2 shall apply specifically to RTGS DCA holders and AS that make use of the RTGS AS settlement procedures.

2.1.   Relocation of the operation of TARGET to an alternative site

| (a) | The relocation of the operation of TARGET to an alternative site, as referred to in paragraph 1.1(b)(i), may be to a place within the same region or in another region. |
| --- | --- |

(a)

The relocation of the operation of TARGET to an alternative site, as referred to in paragraph 1.1(b)(i), may be to a place within the same region or in another region.

| (b) | In the event that the operation of TARGET is relocated to another region, the participants shall: (i) refrain from sending new cash transfer orders to TARGET; (ii) at the request of the ECB perform a reconciliation; (iii) resubmit any cash transfer orders identified as missing; and (iv) provide the ECB with all relevant information in this respect. |
| --- | --- |

(b)

In the event that the operation of TARGET is relocated to another region, the participants shall: (i) refrain from sending new cash transfer orders to TARGET; (ii) at the request of the ECB perform a reconciliation; (iii) resubmit any cash transfer orders identified as missing; and (iv) provide the ECB with all relevant information in this respect.

| (c) | The ECB may take any further actions including debiting and crediting participants’ accounts in order to return those participants’ accounts to their status prior to the relocation. |
| --- | --- |

(c)

The ECB may take any further actions including debiting and crediting participants’ accounts in order to return those participants’ accounts to their status prior to the relocation.

2.2.   Change of operating hours

| (a) | If the ECB delays the closing of TARGET as provided for in paragraph 1.3 before 16:50, the minimum period of one hour between the cut-off time for customer and interbank payment orders should normally remain in place. |
| --- | --- |

(a)

If the ECB delays the closing of TARGET as provided for in paragraph 1.3 before 16:50, the minimum period of one hour between the cut-off time for customer and interbank payment orders should normally remain in place.

| (b) | AS shall have established means to cope with cases where the reopening time is delayed due to a TARGET failure on the previous day. |
| --- | --- |

(b)

AS shall have established means to cope with cases where the reopening time is delayed due to a TARGET failure on the previous day.

2.3.   Contingency processing

| (a) | If it deems it necessary to do so, the ECB shall initiate the contingency processing of cash transfer orders using the Contingency Solution of TARGET or other means. In such cases, contingency processing shall be provided on a best efforts basis. The ECB shall inform its participants of the start of contingency processing via any available means of communication. |
| --- | --- |

(a)

If it deems it necessary to do so, the ECB shall initiate the contingency processing of cash transfer orders using the Contingency Solution of TARGET or other means. In such cases, contingency processing shall be provided on a best efforts basis. The ECB shall inform its participants of the start of contingency processing via any available means of communication.

| (b) | In contingency processing using the Contingency Solution of TARGET, cash transfer orders shall be submitted by the RTGS DCA holders and authorised by the ECB. The ECB may, exceptionally, also manually input cash transfer orders on behalf of participants. In addition, the AS may submit files containing payment instructions under RTGS AS settlement procedure A, which the AS authorises the ECB to upload into the Contingency Solution. |
| --- | --- |

(b)

In contingency processing using the Contingency Solution of TARGET, cash transfer orders shall be submitted by the RTGS DCA holders and authorised by the ECB. The ECB may, exceptionally, also manually input cash transfer orders on behalf of participants. In addition, the AS may submit files containing payment instructions under RTGS AS settlement procedure A, which the AS authorises the ECB to upload into the Contingency Solution.

| (c) | The following cash transfer orders shall be considered as ‘very critical’ and the ECB shall use best efforts to process them in a contingency without undue delay:






  (i) | payments related to the settlement of CLS Bank International operations processed on CLSSettlement; |
| --- | --- | --- |

(c)

The following cash transfer orders shall be considered as ‘very critical’ and the ECB shall use best efforts to process them in a contingency without undue delay:

(i)

payments related to the settlement of CLS Bank International operations processed on CLSSettlement;

| (ii) | central counterparty margin calls. |
| --- | --- |

(ii)

central counterparty margin calls.

| (d) | Cash transfer orders other than those listed in point (c) and which are required to avoid systemic risk shall be considered as ‘critical’ and the ECB may decide to initiate contingency processing in relation to them. Critical cash transfer orders shall include but are not limited to:






  (i) | cash transfer orders related to the settlement of other systemically important payment systems as defined in Regulation (EU) No 795/2014 (ECB/2014/28); |
| --- | --- | --- |

(d)

Cash transfer orders other than those listed in point (c) and which are required to avoid systemic risk shall be considered as ‘critical’ and the ECB may decide to initiate contingency processing in relation to them. Critical cash transfer orders shall include but are not limited to:

(i)

cash transfer orders related to the settlement of other systemically important payment systems as defined in Regulation (EU) No 795/2014 (ECB/2014/28);

| (ii) | liquidity transfer orders to T2S DCAs or TIPS DCAs; |
| --- | --- |

(ii)

liquidity transfer orders to T2S DCAs or TIPS DCAs;

| (iii) | liquidity transfer orders that are indispensable to the execution of very critical cash transfer orders as set out in point (c) or to other critical cash transfer orders. |
| --- | --- |

(iii)

liquidity transfer orders that are indispensable to the execution of very critical cash transfer orders as set out in point (c) or to other critical cash transfer orders.

| (e) | Cash transfer orders that have been submitted to TARGET-ECB before the activation of contingency processing, but are queued, may also undergo contingency processing. In such cases the ECB shall endeavour to avoid the double processing of cash transfer orders, but the participants shall bear the risk of such double processing if it occurred. |
| --- | --- |

(e)

Cash transfer orders that have been submitted to TARGET-ECB before the activation of contingency processing, but are queued, may also undergo contingency processing. In such cases the ECB shall endeavour to avoid the double processing of cash transfer orders, but the participants shall bear the risk of such double processing if it occurred.

| (f) | For contingency processing using the Contingency Solution of TARGET, participants shall provide eligible assets as collateral. During contingency processing, incoming cash transfer orders may be used to fund outgoing cash transfer orders. |
| --- | --- |

(f)

For contingency processing using the Contingency Solution of TARGET, participants shall provide eligible assets as collateral. During contingency processing, incoming cash transfer orders may be used to fund outgoing cash transfer orders.

2.4.   Failures linked to participants

| (a) | In the event that a participant has an issue or problem that prevents it from sending cash transfer orders to TARGET, it shall resolve the issue or problem using its own means. In particular, a participant may use any in-house solutions at its disposal, the GUI functionality to process liquidity transfers and payment orders or use the back-up functionality via the GUI. |
| --- | --- |

(a)

In the event that a participant has an issue or problem that prevents it from sending cash transfer orders to TARGET, it shall resolve the issue or problem using its own means. In particular, a participant may use any in-house solutions at its disposal, the GUI functionality to process liquidity transfers and payment orders or use the back-up functionality via the GUI.

| (b) | If the resolution means and/or solutions or functionalities used by the participant as referred to in paragraph (a) are exhausted or if they are insufficient, the participant may then request support from the ECB and the ECB shall provide such support on a best efforts basis. The ECB shall decide what support it offers to the participant. |
| --- | --- |

(b)

If the resolution means and/or solutions or functionalities used by the participant as referred to in paragraph (a) are exhausted or if they are insufficient, the participant may then request support from the ECB and the ECB shall provide such support on a best efforts basis. The ECB shall decide what support it offers to the participant.

| (c) | Insert if applicable, further detailed contingency measures with respect to AS shall be described in additional arrangements between the ECB and the relevant AS. |
| --- | --- |

(c)

Insert if applicable, further detailed contingency measures with respect to AS shall be described in additional arrangements between the ECB and the relevant AS.

3.   BUSINESS CONTINUITY AND CONTINGENCY PROCEDURES (MCA)

In addition to the provisions set out in section 1, the provisions of this section 3 shall apply specifically to MCA holders.

3.1.   Relocation of the operation of TARGET to an alternative site

| (a) | the relocation of the operation of TARGET to an alternative site, as referred to in paragraph 1.1(b)(i), may be to a place within the same region or in another region. |
| --- | --- |

(a)

the relocation of the operation of TARGET to an alternative site, as referred to in paragraph 1.1(b)(i), may be to a place within the same region or in another region.

| (b) | In the event that the operation of TARGET is relocated to another region, the participants shall: (i) refrain from sending new cash transfer orders to TARGET; (ii) at the request of the ECB perform a reconciliation, (iii) resubmit any cash transfer orders identified as missing; and (iv) provide the ECB with all relevant information in this respect. |
| --- | --- |

(b)

In the event that the operation of TARGET is relocated to another region, the participants shall: (i) refrain from sending new cash transfer orders to TARGET; (ii) at the request of the ECB perform a reconciliation, (iii) resubmit any cash transfer orders identified as missing; and (iv) provide the ECB with all relevant information in this respect.

| (c) | The ECB may take any further actions including debiting and crediting participants’ accounts in order to return those participants’ accounts to their status prior to the relocation. |
| --- | --- |

(c)

The ECB may take any further actions including debiting and crediting participants’ accounts in order to return those participants’ accounts to their status prior to the relocation.

3.2.   Contingency processing

| (a) | If it deems it necessary to do so, the ECB shall initiate the contingency processing of cash transfer orders using the Contingency Solution of TARGET or other means. In such cases, contingency processing shall be provided on a best efforts basis. The ECB shall inform its participants of the start of contingency processing via any available means of communication. |
| --- | --- |

(a)

If it deems it necessary to do so, the ECB shall initiate the contingency processing of cash transfer orders using the Contingency Solution of TARGET or other means. In such cases, contingency processing shall be provided on a best efforts basis. The ECB shall inform its participants of the start of contingency processing via any available means of communication.

| (b) | In contingency processing using the Contingency Solution of TARGET, cash transfer orders shall be submitted by the MCA holders and authorised by the ECB. The ECB may, exceptionally, also manually input cash transfer orders on behalf of participants. |
| --- | --- |

(b)

In contingency processing using the Contingency Solution of TARGET, cash transfer orders shall be submitted by the MCA holders and authorised by the ECB. The ECB may, exceptionally, also manually input cash transfer orders on behalf of participants.

| (c) | Cash transfer orders required to avoid systemic risk shall be considered as ‘critical’ and the ECB may decide to initiate contingency processing in relation to them. |
| --- | --- |

(c)

Cash transfer orders required to avoid systemic risk shall be considered as ‘critical’ and the ECB may decide to initiate contingency processing in relation to them.

| (d) | Cash transfer orders that have been submitted to TARGET-ECB before the activation of contingency processing, but are queued, may also undergo contingency processing. In such cases the ECB shall endeavour to avoid the double processing of cash transfer orders, but the participants shall bear the risk of such double processing if it occurred. |
| --- | --- |

(d)

Cash transfer orders that have been submitted to TARGET-ECB before the activation of contingency processing, but are queued, may also undergo contingency processing. In such cases the ECB shall endeavour to avoid the double processing of cash transfer orders, but the participants shall bear the risk of such double processing if it occurred.

| (e) | For contingency processing using the Contingency Solution of TARGET, participants shall provide eligible assets as collateral. During contingency processing, incoming cash transfer orders may be used to fund outgoing cash transfer orders. |
| --- | --- |

(e)

For contingency processing using the Contingency Solution of TARGET, participants shall provide eligible assets as collateral. During contingency processing, incoming cash transfer orders may be used to fund outgoing cash transfer orders.

3.3.   Failures linked to participants

| (a) | In the event that a participant has an issue or problem that prevents it from sending cash transfer orders in TARGET, it shall resolve the issue or problem using its own means. In particular, a participant may use any in-house solutions or the GUI functionality to process liquidity transfers orders. |
| --- | --- |

(a)

In the event that a participant has an issue or problem that prevents it from sending cash transfer orders in TARGET, it shall resolve the issue or problem using its own means. In particular, a participant may use any in-house solutions or the GUI functionality to process liquidity transfers orders.

| (b) | If the resolution means and/or solutions or functionalities used by the participant as referred to in paragraph (a) are exhausted or if they are insufficient, the participant may request support from the ECB and the ECB shall provide such support on a best efforts basis. The ECB shall decide what support it offers to the participant. |
| --- | --- |

(b)

If the resolution means and/or solutions or functionalities used by the participant as referred to in paragraph (a) are exhausted or if they are insufficient, the participant may request support from the ECB and the ECB shall provide such support on a best efforts basis. The ECB shall decide what support it offers to the participant.

4.   BUSINESS CONTINUITY AND CONTINGENCY PROCEDURES (T2S DCA)

In addition to the provisions set out in section 1, the provisions set out in this section 4 shall apply specifically to T2S DCA holders.

4.1.   Relocation of the operation of TARGET to an alternative site

| (a) | The relocation of the operation of TARGET to an alternative site, as set out under paragraph 1.1(b)(i), may be to a place within the same region or in another region (where available). |
| --- | --- |

(a)

The relocation of the operation of TARGET to an alternative site, as set out under paragraph 1.1(b)(i), may be to a place within the same region or in another region (where available).

| (b) | In the event that the operation of TARGET is relocated to another region, the participants shall (i) refrain from sending new cash transfer orders to TARGET; and (ii) at the request of the ECB perform a reconciliation, (iii) resubmit any instructions identified as missing and (iv) provide the ECB with all relevant information in this respect. |
| --- | --- |

(b)

In the event that the operation of TARGET is relocated to another region, the participants shall (i) refrain from sending new cash transfer orders to TARGET; and (ii) at the request of the ECB perform a reconciliation, (iii) resubmit any instructions identified as missing and (iv) provide the ECB with all relevant information in this respect.

| (c) | The ECB shall be allowed to take any further actions including debit and credit on participants’ accounts in order to bring participants’ account balances to the status they had prior to the relocation. |
| --- | --- |

(c)

The ECB shall be allowed to take any further actions including debit and credit on participants’ accounts in order to bring participants’ account balances to the status they had prior to the relocation.

4.2.   Failures linked to participants

| (a) | In the event that a T2S DCA holder has an issue or problem that prevents it from settling cash transfer orders in TARGET-ECB, it shall resolve the issue or problem using its own means. |
| --- | --- |

(a)

In the event that a T2S DCA holder has an issue or problem that prevents it from settling cash transfer orders in TARGET-ECB, it shall resolve the issue or problem using its own means.

| (b) | If the resolution means referred to in paragraph (a) are exhausted or if they are insufficient, the participant may request support from the ECB, and the ECB shall provide such support on a best efforts basis. The ECB shall decide what support it offers to the participant. |
| --- | --- |

(b)

If the resolution means referred to in paragraph (a) are exhausted or if they are insufficient, the participant may request support from the ECB, and the ECB shall provide such support on a best efforts basis. The ECB shall decide what support it offers to the participant.

---

APPENDIX V

TARGET OPERATING SCHEDULE

1.

The value date for transactions settled in TARGET is always the value date on which the system operates.

2.

All days except Saturday, Sunday, New Year’s Day, Good Friday (1), Easter Monday (2), 1 May, Christmas Day, and 26 December are TARGET business days and thus may be value dates for the purpose of settlement in TARGET.

3.

TIPS DCAs and TIPS AS technical accounts are operated on all days. All other types of accounts are operated on all days except for Saturday, Sunday, New Year’s Day, Good Friday (3), Easter Monday (4), 1 May, Christmas Day, and 26 December.

4.

A business day is opened during the evening of the previous business day.

5.

The reference time for the system is the local time at the seat of the ECB.

6.

| HH:MM | MCAs | RTGS DCAs  (7) | T2S DCAs | TIPS DCAs  (8) |
| --- | --- | --- | --- | --- |
| 18:45 (D-1) | Start of business day:
  Change of value date | Start of business day:
  Change of value date | Start of business day:
  Change of value date
  Preparation of the night-time settlement | Processing of instant payment orders and liquidity transfer orders to/from TIPS AS technical accounts.
  No liquidity transfers between TIPS DCAs and other accounts |
| 19:00 (D-1) | Settlement of CBOs
  Reimbursement of marginal lending
  Refunding of overnight deposits
  Processing of automated and rule-based liquidity transfers orders | | Deadline for acceptance of CMS data feeds
  Preparation of the night-time settlement | |
| 19:30 (D-1) | Settlement of CBOs Processing of standing liquidity transfer orders
  Processing of immediate liquidity transfer orders | Settlement of AS transfer orders
  Processing of standing liquidity transfer orders
  Processing of automated, rule-based and immediate liquidity transfer orders | | Processing of instant payment orders and liquidity transfer orders from/to MCAs and RTGS DCAs |
| 20:00 (D-1) | | | Night-time settlement cycles | Processing of liquidity transfer orders from/to T2S DCAs |
| 02:30
  (calendar day following D-1) | Non-optional maintenance window on






  — | business days after closing days including every business day Monday |

HH:MM

MCAs

RTGS DCAs  (7)

T2S DCAs

TIPS DCAs  (8)

18:45 (D-1)

Start of business day:

Change of value date

Start of business day:

Change of value date

Start of business day:

Change of value date

Preparation of the night-time settlement

Processing of instant payment orders and liquidity transfer orders to/from TIPS AS technical accounts.

No liquidity transfers between TIPS DCAs and other accounts

19:00 (D-1)

Settlement of CBOs

Reimbursement of marginal lending

Refunding of overnight deposits

Processing of automated and rule-based liquidity transfers orders

Deadline for acceptance of CMS data feeds

Preparation of the night-time settlement

19:30 (D-1)

Settlement of CBOs Processing of standing liquidity transfer orders

Processing of immediate liquidity transfer orders

Settlement of AS transfer orders

Processing of standing liquidity transfer orders

Processing of automated, rule-based and immediate liquidity transfer orders

Processing of instant payment orders and liquidity transfer orders from/to MCAs and RTGS DCAs

20:00 (D-1)

Night-time settlement cycles

Processing of liquidity transfer orders from/to T2S DCAs

02:30

(calendar day following D-1)

Non-optional maintenance window on

—

business days after closing days including every business day Monday

Optional maintenance window (if needed) from 03:00–05:00 on remaining days

Non-optional maintenance window on

| — | business days after closing days including every business day Monday |
| --- | --- |

—

business days after closing days including every business day Monday

Optional maintenance window (if needed) from 03:00–05:00 on remaining days

Non-optional maintenance window on

| — | business days after closing days including every business day Monday |
| --- | --- |

—

business days after closing days including every business day Monday

Optional maintenance window (if needed) from 03:00–05:00 on remaining days  (9)

Processing of instant payment orders and liquidity transfer orders to/from TIPS AS technical accounts.

No liquidity transfer orders between TIPS DCAs and other accounts

Re-opening time* (D)

Settlement of CBOs

Processing of automated,

rule-based and immediate

liquidity transfer orders

Settlement of AS transfer orders

Processing of automated, rule-based and immediate liquidity transfer orders.

Processing the customer and interbank payment orders

Night-time settlement cycles

Processing of instant payment orders and liquidity transfer orders to/from TIPS AS technical accounts and liquidity transfer orders between TIPS DCAs and other accounts.

05:00 (D)

Day trade/Real-time settlement:

Real-time settlement preparation

Partial settlement windows  (10)

16:00 (D)

Cut-off for DvP orders

16:30 (D)

Automatic auto-collateralisation reimbursement, followed by the optional cash sweep

17:00 (D)

Cut-off for customer payment orders

17:40 (D)

Cut-off for bilaterally agreed treasury management operations (BATM) and CBO cut-off

17:45 (D)

Cut-off for liquidity transfer orders to T2S-DCAs

Cut-off for inbound liquidity transfer orders

Blocking of liquidity transfer orders from TIPS DCAs to T2S DCAs. No liquidity transfer orders between T2S DCAs and TIPS DCAs are processed during this period

18:00 (D)

Cut-off for:

| — | liquidity transfer orders |
| --- | --- |

—

liquidity transfer orders

| — | CBOs, except standing facilities |
| --- | --- |

—

CBOs, except standing facilities

| — | credit line modifications |
| --- | --- |

—

credit line modifications

Cut-off for:

| — | interbank payment orders and |
| --- | --- |

—

interbank payment orders and

| — | liquidity transfer orders |
| --- | --- |

—

liquidity transfer orders

| — | AS transfer orders |
| --- | --- |

—

AS transfer orders

FOP cut-off

End of T2S settlement processing

Recycling and purging

End of day reporting and statements

Processing of instant payment orders and liquidity transfer orders to/from TIPS AS technical accounts.

Blocking of liquidity transfer orders from TIPS DCAs to MCA/RTGS and T2S DCAs. No liquidity transfer orders between TIPS DCAs and other accounts are processed during this period.

Shortly after 18:00:

Change of business day (after receiving the camt.019 message from MCA/RTGS)

Snapshot of TIPS DCAs balances and end-of-day reporting

18:15 (D)

Cut-off for the use of standing facilities

18:40 (D)

Cut-off for use of marginal lending (NCBs only)

End-of-day processing

The operating hours may be changed in the event that business continuity measures are adopted in accordance with Appendix IV. On the last day of the Eurosystem reserve maintenance period, the cut-off times 18:15, 18:40, 18:45, 19:00 and 19:30 for MCAs and RTGS DCAs (as well as RTGS AS technical accounts and sub-accounts and AS guarantee fund accounts) shall occur 15 minutes later.

List of abbreviations and notes to this table:

List of abbreviations and notes to this table:

| * | Re-opening times: may vary according to the situation. The information is provided by the Operator. |
| --- | --- |

*

Re-opening times: may vary according to the situation. The information is provided by the Operator.

| (D-1): | previous business day |
| --- | --- |

(D-1):

previous business day

| (D): | calendar day = business day = value date |
| --- | --- |

(D):

calendar day = business day = value date

| CMS: | Collateral Management System |
| --- | --- |

CMS:

Collateral Management System

| DvP orders: | Delivery versus Payment orders. |
| --- | --- |

DvP orders:

Delivery versus Payment orders.

---

(1)  According to the calendar applicable at the seat of the ECB.

1

(2)  According to the calendar applicable at the seat of the ECB.

2

(3)  According to the calendar applicable at the seat of the ECB.

3

(4)  According to the calendar applicable at the seat of the ECB.

4

(5)  Also applies to RTGS AS technical accounts, sub-accounts and AS guarantee fund accounts.

5

(6)  Also applies to TIPS AS technical accounts.

6

(7)  Also applies to RTGS AS technical accounts, sub-accounts and AS guarantee fund accounts.

7

(8)  Also applies to TIPS AS technical accounts.

8

(9)  For T2S DCAs: for the purpose of the maintenance window, 1 May shall be considered as a business day.

9

(10)  Partial settlement windows take place at 08:00, 10:00, 12:00, 14:00 and 15:30 (or 30 minutes before the beginning of the DvP cut-off time, whichever comes first).

10

---

APPENDIX VI

FEE SCHEDULE

1.   GENERAL

| 1. | The following services are not included in the services offered by the ECB and shall be charged by the relevant service providers in accordance with their terms and conditions:






  (a) | services offered by NSPs; |
| --- | --- | --- |

1.

(a)

services offered by NSPs;

| (b) | non-cash related T2S services. |
| --- | --- |

(b)

non-cash related T2S services.

| 2. | A participant that wishes to change its choice of pricing scheme shall communicate this to the ECB by the twentieth calendar day of the month so that it can be taken into account for the following month. |
| --- | --- |

2.

2.   FEES FOR MCA HOLDERS

MCAs and transactions settled on them shall not incur fees.

3.   FEES FOR RTGS DCA HOLDERS

| 1. | RTGS DCA holders shall choose one of the following two pricing options:






  (a) | a monthly fee, plus a fixed transaction fee per payment order (debit entry).








  Monthly fee | | EUR 150 |
| --- | --- | --- | --- | --- |
| Transaction fee per payment order | | EUR 0,80 |

1.

(a)

a monthly fee, plus a fixed transaction fee per payment order (debit entry).

Monthly fee

EUR 150

Transaction fee per payment order

EUR 0,80

| (b) | a monthly fee, plus a transaction fee based on the volume of payment orders (debit entry) and calculated on a cumulative basis as set out in the following table. For participants in a billing group the monthly volume of payment orders (debit entry) for all participants in that group shall be aggregated.









  Monthly fee | | EUR 1 875 |
| --- | --- | --- | --- |
| Monthly volume of payment orders |
| Band | From | To | Transaction fee per payment order (EUR) |
| 1. | 1 | 10 000 | 0,60 |
| 2. | 10 001 | 25 000 | 0,50 |
| 3. | 25 001 | 50 000 | 0,40 |
| 4. | 50 001 | 75 000 | 0,20 |
| 5. | 75 001 | 100 000 | 0,125 |
| 6. | 100 001 | 150 000 | 0,08 |
| 7. | Above 150 000 | | 0,05 |

(b)

a monthly fee, plus a transaction fee based on the volume of payment orders (debit entry) and calculated on a cumulative basis as set out in the following table. For participants in a billing group the monthly volume of payment orders (debit entry) for all participants in that group shall be aggregated.

Monthly fee

EUR 1 875

Monthly volume of payment orders

Band

From

To

Transaction fee per payment order (EUR)

1.

1

10 000

0,60

2.

10 001

25 000

0,50

3.

25 001

50 000

0,40

4.

50 001

75 000

0,20

5.

75 001

100 000

0,125

6.

100 001

150 000

0,08

7.

Above 150 000

0,05

| 2. | Liquidity transfer orders from RTGS DCAs to sub-accounts, to MCAs, to overnight deposit accounts or to RTGS DCAs held by the same participant or by participants within the same banking group shall be free of charge. |
| --- | --- |

2.

| 3. | Liquidity transfer orders from RTGS DCAs to MCAs or to RTGS DCAs held by participants not belonging to the same banking group shall incur a charge of EUR 0.80 per transaction (debit entry). |
| --- | --- |

3.

| 4. | Liquidity transfer orders from RTGS DCAs to T2S DCAs or to TIPS DCAs shall be free of charge. |
| --- | --- |

4.

| 5. | Cash transfer orders from an RTGS DCA to an AS account (1) shall not be charged to the RTGS DCA holder. |
| --- | --- |

5.

| 6. | The following fees shall apply to RTGS DCA holders:






  Service | Monthly fee (EUR) |
| --- | --- | --- |
| Addressable BIC holder (correspondents  (2)) | 20 |
| Unpublished BIC | 30 |
| Multi-addressee access (based on BIC 8) | 80 |

6.

Service

Monthly fee (EUR)

Addressable BIC holder (correspondents  (2))

20

Unpublished BIC

30

Multi-addressee access (based on BIC 8)

80

4.   FEES FOR AS USING RTGS AS SETTLEMENT PROCEDURES

Fees are charged per ancillary system regardless of the number and type of accounts. AS Operators operating more than one system will be charged for each system.

| 1. | AS using RTGS AS settlement procedures or having been granted an exception allowing them to settle on an RTGS DCA shall choose one of the following two pricing options:






  (a) | a monthly fee, plus a fixed transaction fee per cash transfer order.








  Monthly fee | | EUR 300 |
| --- | --- | --- | --- | --- |
| Transaction fee per cash transfer order | | EUR 1,60 |

1.

(a)

a monthly fee, plus a fixed transaction fee per cash transfer order.

Monthly fee

EUR 300

Transaction fee per cash transfer order

EUR 1,60

| (b) | a monthly fee, plus a transaction fee based on the volume of cash transfer orders an calculated on a cumulative basis as set out in the following table.









  Monthly fee | | EUR 3 750 |
| --- | --- | --- | --- |
| Monthly volume of cash transfer orders |
| Band | From | To | Transaction fee per cash transfer order (EUR) |
| 1. | 1 | 5 000 | 1,20 |
| 2. | 5 001 | 12 500 | 1,00 |
| 3. | 12 501 | 25 000 | 0,80 |
| 4. | 25 001 | 50 000 | 0,40 |
| 5. | Above 50 000 | | 0,25 |

(b)

a monthly fee, plus a transaction fee based on the volume of cash transfer orders an calculated on a cumulative basis as set out in the following table.

Monthly fee

EUR 3 750

Monthly volume of cash transfer orders

Band

From

To

Transaction fee per cash transfer order (EUR)

1.

1

5 000

1,20

2.

5 001

12 500

1,00

3.

12 501

25 000

0,80

4.

25 001

50 000

0,40

5.

Above 50 000

0,25

Cash transfer orders between an RTGS DCA and an AS account (3) shall be charged to the respective A according to the pricing option that the AS has opted for.

| 2. | In addition to the fees set out above, each AS shall be subject to two fixed fees as set out in the following table.














  A. | Fixed fee I |
| --- | --- | --- |

2.

A.

Fixed fee I

Monthly fee per AS

EUR 2 000

| B. | Fixed fee II (based on gross underlying value
   (4)
  ) |
| --- | --- |

B.

Fixed fee II (based on gross underlying value
   (4)
  )

Size (EUR millions/day)

Annual fee (EUR)

Monthly fee (EUR)

from 0 to 999,99

10 000

833

from 1 000 to 2 499,99

20 000

1 667

from 2 500 to 4 999,99

40 000

3 334

from 5 000 to 9 999,99

60 000

5 000

from 10 000 to 49 999,99

80 000

6 666

from 50 000 to 499 999,99

100 000

8 333

500 000 and above

200 000

16 667

5.   FEES FOR T2S DCA HOLDERS

| 1. | The following fees shall be charged for the operation of T2S DCAs:







  Item | Applied rule | Fee per item (EUR) |
| --- | --- | --- | --- |
| Liquidity transfer orders between T2S DCAs | Per transfer for the debited T2S DCA. | 0,141 |
| Intra-balance movements | Any successfully executed intra-balance movement (i.e. blocking, unblocking, reservation of liquidity, etc.). | 0,094 |
| A2A queries | Per business item within each A2A query generated | 0,007 |
| A2A reports | Per business item within each generated A2A report including A2A reports as a result of U2A queries. | 0,004 |
| Messages bundled into a file | Per message in each file containing bundled messages | 0,004 |
| Transmission | Each transmission per T2S party (both inbound and outbound) will be counted and charged for (except for technical acknowledgement messages). | 0,012 |
| U2A queries | Any executed query search function | 0,100 |
| Fee per T2S DCA | Any T2S DCA existing at any time during the monthly billing period
  Currently free of charge, to be reviewed at regular intervals. | 0,000 |
| Auto-collateralisation | Issue or return of auto-collateralisation | 0,000 |

1.

Item

Applied rule

Fee per item (EUR)

Liquidity transfer orders between T2S DCAs

Per transfer for the debited T2S DCA.

0,141

Intra-balance movements

Any successfully executed intra-balance movement (i.e. blocking, unblocking, reservation of liquidity, etc.).

0,094

A2A queries

Per business item within each A2A query generated

0,007

A2A reports

Per business item within each generated A2A report including A2A reports as a result of U2A queries.

0,004

Messages bundled into a file

Per message in each file containing bundled messages

0,004

Transmission

Each transmission per T2S party (both inbound and outbound) will be counted and charged for (except for technical acknowledgement messages).

0,012

U2A queries

Any executed query search function

0,100

Fee per T2S DCA

Any T2S DCA existing at any time during the monthly billing period

Currently free of charge, to be reviewed at regular intervals.

0,000

Auto-collateralisation

Issue or return of auto-collateralisation

0,000

| 2. | Liquidity transfer orders from a T2S DCA to an RTGS DCA, a TIPS DCA or an MCA shall be free of charge. |
| --- | --- |

2.

6.   FEES FOR TIPS DCA HOLDERS

| 1. | Fees for the operation of TIPS DCAs shall be charged to the party indicated as shown in the following table:







  Item | Rule applied | Fee per item (EUR) |
| --- | --- | --- | --- |
| Settled instant payment order | Party to be charged: the owner of the TIPS DCA to be debited | 0,002 |
| Unsettled instant payment order | Party to be charged: the owner of the TIPS DCA to be debited | 0,002 |
| Settled positive recall answer | Party to be charged: the owner of the TIPS DCA to be credited | 0,002 |
| Unsettled positive recall answer | Party to be charged: the owner of the TIPS DCA to be credited | 0,002 |

1.

Item

Rule applied

Fee per item (EUR)

Settled instant payment order

Party to be charged: the owner of the TIPS DCA to be debited

0,002

Unsettled instant payment order

Party to be charged: the owner of the TIPS DCA to be debited

0,002

Settled positive recall answer

Party to be charged: the owner of the TIPS DCA to be credited

0,002

Unsettled positive recall answer

Party to be charged: the owner of the TIPS DCA to be credited

0,002

| 2. | Liquidity transfer orders from TIPS DCAs to: MCAs; RTGS DCAs; sub-accounts; overnight deposit accounts; TIPS AS technical accounts; and T2S DCAs shall be free of charge. |
| --- | --- |

2.

7.   FEES FOR AS USING TIPS AS SETTLEMENT PROCEDURE

| 1. | Fees for the use by an AS of the TIPS AS settlement procedure shall be charged to the party indicated as shown in the following table:







  Item | Rule applied | Fee per item (EUR) |
| --- | --- | --- | --- |
| Settled instant payment order | Party to be charged: the owner of the TIPS AS technical account to be debited | 0,002 |
| Unsettled instant payment order | Party to be charged: the owner of the TIPS AS technical account to be debited | 0,002 |
| Settled positive recall answer | Party to be charged: the owner of the TIPS AS technical account to be credited | 0,002 |
| Unsettled positive recall answer | Party to be charged: the owner of the TIPS AS technical account to be credited | 0,002 |

1.

Item

Rule applied

Fee per item (EUR)

Settled instant payment order

Party to be charged: the owner of the TIPS AS technical account to be debited

0,002

Unsettled instant payment order

Party to be charged: the owner of the TIPS AS technical account to be debited

0,002

Settled positive recall answer

Party to be charged: the owner of the TIPS AS technical account to be credited

0,002

Unsettled positive recall answer

Party to be charged: the owner of the TIPS AS technical account to be credited

0,002

| 2. | Liquidity transfer orders from TIPS AS technical accounts to TIPS DCAs shall be free of charge. |
| --- | --- |

2.

| 3. | In addition to the fees set out above, each AS shall be subject to a monthly fee based on the gross underlying volume of instant payments, near instant payments and positive recall answers settled in the AS’s own platform and enabled by the pre-funded positions on the TIPS AS technical account. The fee shall be EUR 0,0005 per settled instant payment, near instant payment or settled positive recall answer. For each month, each AS shall report the gross underlying volume of its settled instant payments, near instant payments and settled positive recall answers rounded down to the nearest ten thousand, at the latest by the third business day of the following month. The reported gross underlying volume shall be applied by the ECB to calculate the fee for the following month. |
| --- | --- |

3.

---

(1)  Regardless of whether it is a RTGS DCA, an RTGS AS technical account or an AS guarantee funds account.

(2)  Addressable BIC holders are available for different participant types: Addressable BIC holder – Correspondent; Addressable BIC holder – Branch of Participant; and Addressable BIC holder – Branch of correspondent. Only the Addressable BIC holder – Correspondent participation type shall incur the fee. The fee shall be charged for each different BIC 11.

(3)  Regardless of whether it is a RTGS DCA, an RTGS AS technical account or an AS guarantee funds Account.

(4)  The ‘gross underlying value’ is the total amount of gross monetary obligations that are discharged via an AS after settlement has taken place on an RTGS DCA or sub-account. For CCPs, the gross underlying value is the total notional value of future contracts or the mark-to-market value of the future contracts, at values to be settled when futures contracts expire and commissions are applied.

---

APPENDIX VII

REQUIREMENTS REGARDING INFORMATION SECURITY MANAGEMENT AND BUSINESS CONTINUITY MANAGEMENT

MCA HOLDERS, T2S DCA HOLDERS AND TIPS DCA HOLDERS

These requirements regarding information security management or business continuity management shall not apply to MCA holders, T2S DCA holders and TIPS DCA holders.

RTGS DCA HOLDERS AND AS

The requirements set out in section 1 of this Appendix VII (information security management) shall apply to all RTGS DCA holders and AS, except where an RTGS DCA holder or an AS demonstrates that a specific requirement is not applicable to it. In establishing the scope of application of the requirements within its infrastructure, the participant should identify the elements that are part of the Payment Transaction Chain (PTC). Specifically, the PTC starts at a Point of Entry (PoE), i.e. a system involved in the creation of transactions (e.g. workstations, front-office and back-office applications, middleware), and ends at the system responsible to send the message to the NSP.

The requirements set out in section 2 of this Appendix VII (business continuity management) shall apply to RTGS DCA holders and AS designated by the Eurosystem as being critical for the smooth functioning of the TARGET system on the basis of criteria periodically updated and published on the ECB’s website.

1.   Information security management

Requirement 1.1: Information security policy

The management shall set a clear policy direction in line with business objectives and demonstrate support for and commitment to information security through the issuance, approval and maintenance of an information security policy aiming at managing information security and cyber resilience across the organisation in terms of identification, assessment and treatment of information security and cyber resilience risks. The policy should contain at least the following sections: objectives, scope (including domains such as organisation, human resources, asset management etc.), principles and allocation of responsibilities.

Requirement 1.2: Internal organisation

An information security framework shall be established to implement the information security policy within the organisation. The management shall coordinate and review the establishment of the information security framework to ensure the implementation of the information security policy (as per Requirement 1.1) across the organisation, including the allocation of sufficient resources and assignment of security responsibilities for this purpose.

Requirement 1.3: External parties

The security of the organisation’s information and information processing facilities should not be reduced by the introduction of, and/or the dependence on, an external party/parties or products/services provided by them. Any access to the organisation’s information processing facilities by external parties shall be controlled. When external parties or products/services of external parties are required to access the organisation’s information processing facilities, a risk assessment shall be carried out to determine the security implications and control requirements. Controls shall be agreed and defined in an agreement with each relevant external party.

Requirement 1.4: Asset management

All information assets, the business processes and the underlying information systems, such as operating systems, infrastructures, business applications, off-the-shelf products, services and user-developed applications, in the scope of the Payment Transaction Chain shall be accounted for and have a nominated owner. The responsibility for the maintenance and the operation of appropriate controls in the business processes and the related IT components to safeguard the information assets shall be assigned. Note: the owner can delegate the implementation of specific controls as appropriate, but remains accountable for the proper protection of the assets.

Requirement 1.5: Information assets classification

Information assets shall be classified in terms of their criticality to the smooth delivery of the service by the participant. The classification shall indicate the need, priorities and degree of protection required when handling the information asset in the relevant business processes and shall also take into consideration the underlying IT components. An information asset classification scheme approved by the management shall be used to define an appropriate set of protection controls throughout the information asset lifecycle (including removal and destruction of information assets) and to communicate the need for specific handling measures.

Requirement 1.6: Human resources security

Security responsibilities shall be addressed prior to employment in adequate job descriptions and in terms and conditions of employment. All candidates for employment, contractors and third-party users shall be adequately screened, especially for sensitive jobs. Employees, contractors and third-party users of information processing facilities shall sign an agreement on their security roles and responsibilities.

An adequate level of awareness shall be ensured among all employees, contractors and third-party users, and education and training in security procedures and the correct use of information processing facilities shall be provided to them to minimise possible security risks. A formal disciplinary process for handling security breaches shall be established for employees.

Responsibilities shall be in place to ensure that an employee’s, contractor’s or third-party user’s exit from or transfer within the organisation is managed, and that the return of all equipment and the removal of all access rights are completed.

Requirement 1.7: Physical and environmental security

Critical or sensitive information processing facilities shall be housed in secure areas, protected by defined security perimeters, with appropriate security barriers and entry controls. They shall be physically protected from unauthorised access, damage and interference. Access shall be granted only to individuals who fall within the scope of Requirement 1.6. Procedures and standards shall be established to protect physical media containing information assets when in transit.

Equipment shall be protected from physical and environmental threats. Protection of equipment (including equipment used off-site) and against the removal of property is necessary to reduce the risk of unauthorised access to information and to guard against loss or damage of equipment or information.

Special measures may be required to protect against physical threats and to safeguard supporting facilities such as the electrical supply and cabling infrastructure.

Requirement 1.8: Operations management

Responsibilities and procedures shall be established for the management and operation of information processing facilities covering all the underlying systems in the Payment Transaction Chain end-to-end. As regards operating procedures, including technical administration of IT systems, segregation of duties shall be implemented, where appropriate, to reduce the risk of negligent or deliberate system misuse.

Where segregation of duties cannot be implemented due to documented objective reasons, compensatory controls shall be implemented following a formal risk analysis. Controls shall be established to prevent and detect the introduction of malicious code for systems in the Payment Transaction Chain. Controls shall be also established (including user awareness) to prevent, detect and remove malicious code. Mobile code shall be used only from trusted sources (e.g. signed Microsoft COM components and Java Applets). The configuration of the browser (e.g. the use of extensions and plugins) shall be strictly controlled.

Data backup and recovery policies shall be implemented by the management; those recovery policies shall include a plan of the restoration process which is tested at regular intervals at least annually.

Systems that are critical for the security of payments shall be monitored and events relevant to information security shall be recorded. Operator logs shall be used to ensure that information system problems are identified. Operator logs shall be regularly reviewed on a sample basis, based on the criticality of the operations. System monitoring shall be used to check the effectiveness of controls which are identified as critical for the security of payments and to verify conformity to an access policy model.

Exchanges of information between organisations shall be based on a formal exchange policy, carried out in line with exchange agreements among the involved parties and shall be compliant with any relevant legislation. Third party software components employed in the exchange of information with TARGET (e.g. software received from a Service Bureau) must be used under a formal agreement with the third party.

Requirement 1.9: Access control

Access to information assets shall be justified on the basis of business requirements (need-to-know (1)) and according to the established framework of corporate policies (including the information security policy). Clear access control rules shall be defined based on the principle of least privilege (2) to reflect closely the needs of the corresponding business and IT processes. Where relevant, (e.g. for backup management) logical access control should be consistent with physical access control unless there are adequate compensatory controls in place (e.g. encryption, personal data anonymisation).

Formal and documented procedures shall be in place to control the allocation of access rights to information systems and services that fall within the scope of the Payment Transaction Chain. The procedures shall cover all stages in the lifecycle of user access, from the initial registration of new users to the final deregistration of users that no longer require access.

Special attention shall be given, where appropriate, to the allocation of access rights of such criticality that the abuse of those access rights could lead to a severe adverse impact on the operations of the participant (e.g. access rights allowing system administration, override of system controls, direct access to business data). Appropriate controls shall be put in place to identify, authenticate and authorise users at specific points in the organisation’s network, e.g. for local and remote access to systems in the Payment Transaction Chain. Personal accounts shall not be shared in order to ensure accountability.

For passwords, rules shall be established and enforced by specific controls to ensure that passwords cannot be easily guessed, e.g. complexity rules and limited-time validity. A safe password recovery and/or reset protocol shall be established.

A policy shall be developed and implemented on the use of cryptographic controls to protect the confidentiality, authenticity and integrity of information. A key management policy shall be established to support the use of cryptographic controls.

There shall be policy for viewing confidential information on screen or in print (e.g. a clear screen, a clear desk policy) to reduce the risk of unauthorised access.

When working remotely, the risks of working in an unprotected environment shall be considered and appropriate technical and organisational controls shall be applied.

Requirement 1.10: Information systems acquisition, development and maintenance

Security requirements shall be identified and agreed prior to the development and/or implementation of information systems.

Appropriate controls shall be built into applications, including user-developed applications, to ensure correct processing. These controls shall include the validation of input data, internal processing and output data. Additional controls may be required for systems that process, or have an impact on, sensitive, valuable or critical information. Such controls shall be determined on the basis of security requirements and risk assessment according to the established policies (e.g. information security policy, cryptographic control policy).

The operational requirements of new systems shall be established, documented and tested prior to their acceptance and use. As regards network security, appropriate controls, including segmentation and secure management, should be implemented based on the criticality of data flows and the level of risk of the network zones in the organisation. There shall be specific controls to protect sensitive information passing over public networks.

Access to system files and program source code shall be controlled and IT projects and support activities conducted in a secure manner. Care shall be taken to avoid exposure of sensitive data in test environments. Project and support environments shall be strictly controlled. Deployment of changes in production shall be strictly controlled. A risk assessment of the major changes to be deployed in production shall be conducted.

Regular security testing activities of systems in production shall also be conducted according to a predefined plan based on the outcome of a risk-assessment, and security testing shall include, at least, vulnerability assessments. All of the shortcomings highlighted during the security testing activities shall be assessed and action plans to close any identified gap shall be prepared and followed-up in a timely fashion.

Requirement 1.11: Information security in supplier
   (3)
  relationships

To ensure protection of the participant’s internal information systems that are accessible by suppliers, information security requirements for mitigating the risks associated with supplier’s access shall be documented and formally agreed upon with the supplier.

Requirement 1.12: Management of information security incidents and improvements

To ensure a consistent and effective approach to the management of information security incidents, including communication on security events and weaknesses, roles, responsibilities and procedures, at business and technical level, shall be established and tested to ensure a quick, effective and orderly and safely recover from information security incidents including scenarios related to a cyberrelated cause (e.g. a fraud pursued by an external attacker or by an insider). Personnel involved in these procedures shall be adequately trained.

Requirement 1.13: Technical compliance review

A participant’s internal information systems (e.g. back office systems, internal networks and external network connectivity) shall be regularly assessed for compliance with the organisation’s established framework of policies (e.g. information security policy, cryptographic control policy).

Requirement 1.14: Virtualisation

Guest virtual machines shall comply with all the security controls that are set for physical hardware and systems (e.g. hardening, logging). Controls relating to hypervisors must include: hardening of the hypervisor and the hosting operating system, regular patching, strict separation of different environments (e.g. production and development). Centralised management, logging and monitoring as well as managing of access rights, in particular for high privileged accounts, shall be implemented based on a risk assessment. Guest virtual machines managed by the same hypervisor shall have a similar risk profile.

Requirement 1.15: Cloud computing

The usage of public and/or hybrid cloud solutions in the Payment Transaction Chain must be based on a formal risk assessment, taking into account the technical controls and the contractual clauses related to the cloud solution.

If hybrid cloud solutions are used, it is understood that the criticality level of the overall system is the highest one of the connected systems. All on-premises components of the hybrid solutions must be segregated from the other on-premises systems.

2.   Business Continuity Management

The following requirements relate to business continuity management. Each TARGET participant designated by the Eurosystem as being critical for the smooth functioning of the TARGET system shall have a business continuity strategy in place that complies with the following requirements.

Requirement 2.1:

Business continuity plans shall be developed and procedures for maintaining them are in place.

Requirement 2.2:

An alternate operational site shall be available.

Requirement 2.3:

The risk profile of the alternate site shall be different from that of the primary site, in order to avoid that both sites are affected by the same event at the same time. For example, the alternate site shall be on a different power grid and central telecommunication circuit from those of the primary business location.

Requirement 2.4:

In the event of a major operational disruption rendering the primary site inaccessible and/or critical staff unavailable, the critical participant shall be able to resume normal operations from the alternate site, where it shall be possible to properly close the business day and open the following business day(s).

Requirement 2.5:

Procedures shall be in place to ensure that the processing of transactions is resumed from the alternate site within a reasonable timeframe after the initial disruption of service and commensurate to the criticality of the business that was disrupted.

Requirement 2.6:

The ability to cope with operational disruptions shall be tested at least once a year and critical staff shall be aptly trained. The maximum period between tests shall not exceed one year.

---

(1)  The need-to-know principle refers to the identification of the set of information that an individual needs access to in order to carry out her/his duties.

(2)  The principle of least privilege refers to the tailoring a subject’s access profile to an IT system to match the corresponding business role.

(3)  A supplier in the context of this exercise should be understood as any third party (and its personnel) which is under contract (agreement), with the institution, to provide a service and under the service agreement the third party (and its personnel) is granted access, either remotely or on site, to information and/or information systems and/or information processing facilities of the institution in scope or associated to the scope covered under the exercise of the TARGET self-certification.

---

ANNEX II

TARGET GOVERNANCE ARRANGEMENTS

| Level 1 — Governing Council | Level 2 — Technical and operational management body | Level 3 — Level 3 NCBs |
| --- | --- | --- |
| 1. | General provisions |

Level 1 — Governing Council

Level 2 — Technical and operational management body

Level 3 — Level 3 NCBs

1.

Final competence in relation to all TARGET issues, in particular the rules for the decision making in TARGET, and responsible for safeguarding the public function of TARGET

Conducting technical, functional, operational and financial management tasks in relation to TARGET and implementing the rules on governance decided by Level 1

Taking decisions on the daily running of TARGET based on the service levels defined in the agreement referred to in Article 7(6) of Guideline ECB/2022/8

| 2. | Pricing policy |
| --- | --- |

2.

| — | Deciding on pricing structure/pricing policy |
| --- | --- |

—

Deciding on pricing structure/pricing policy

| — | Deciding on the pricing envelopes |
| --- | --- |

—

Deciding on the pricing envelopes

| — | Regular review of pricing structure/ pricing policy |
| --- | --- |

—

Regular review of pricing structure/ pricing policy

| — | Drafting and monitoring of pricing envelopes |
| --- | --- |

—

Drafting and monitoring of pricing envelopes

(Not applicable)

| 3. | Financing |
| --- | --- |

3.

| — | Deciding on rules for the financial regime of TARGET |
| --- | --- |

—

Deciding on rules for the financial regime of TARGET

| — | Deciding on the financial envelopes |
| --- | --- |

—

Deciding on the financial envelopes

| — | Drafting proposals for the main features of the financial regime as decided by Level 1. |
| --- | --- |

—

Drafting proposals for the main features of the financial regime as decided by Level 1.

| — | Drafting and monitoring of financial envelopes |
| --- | --- |

—

Drafting and monitoring of financial envelopes

| — | Approval and/or initiation of instalments payed by Eurosystem CBs to Level 3 for provision of services |
| --- | --- |

—

Approval and/or initiation of instalments payed by Eurosystem CBs to Level 3 for provision of services

| — | Approval and/or initiation of reimbursement of fees to the Eurosystem CBs |
| --- | --- |

—

Approval and/or initiation of reimbursement of fees to the Eurosystem CBs

Providing cost figures to Level 2 for the service provision

| 4. | Service level |
| --- | --- |

4.

Deciding on the level of service

Verifying that the service was delivered in accordance with the agreed Service level

Delivering the service in accordance with the agreed Service level

| 5. | Operation |
| --- | --- |

5.

| — | Deciding on the rules applicable to incidents and crisis situations |
| --- | --- |

—

Deciding on the rules applicable to incidents and crisis situations

| — | Monitoring business developments |
| --- | --- |

—

Monitoring business developments

Managing the system based on the agreement referred to in Article 7(6) of Guideline ECB/2022/8

| 6. | Change and release management |
| --- | --- |

6.

Deciding in case of escalation

| — | Approving the Change requests |
| --- | --- |

—

Approving the Change requests

| — | Approving the release scoping |
| --- | --- |

—

Approving the release scoping

| — | Approving the release plan and its execution |
| --- | --- |

—

Approving the release plan and its execution

Assessing the Change Requests

Implementing the Change requests in line with the agreed plan

| 7. | Risk management |
| --- | --- |

7.

| — | approving the TARGET Risk Management Framework and the risk tolerance for TARGET as well as accepting remaining risks. |
| --- | --- |

—

approving the TARGET Risk Management Framework and the risk tolerance for TARGET as well as accepting remaining risks.

| — | assuming ultimate responsibility for the activities of the first and second lines of defence. |
| --- | --- |

—

assuming ultimate responsibility for the activities of the first and second lines of defence.

| — | establishing the organisational structure for roles and responsibilities related to risk and control |
| --- | --- |

—

establishing the organisational structure for roles and responsibilities related to risk and control

| — | Conducting the actual risk management |
| --- | --- |

—

Conducting the actual risk management

| — | Conducting risk analysis and follow-up |
| --- | --- |

—

Conducting risk analysis and follow-up

| — | ensuring that all risk management arrangements are maintained and kept-up-to date |
| --- | --- |

—

ensuring that all risk management arrangements are maintained and kept-up-to date

| — | approving and reviewing the business continuity plan as outlined in the relevant operational documentation |
| --- | --- |

—

approving and reviewing the business continuity plan as outlined in the relevant operational documentation

Providing the necessary information for risk analysis according to Level 1/Level 2 requests

| 8. | System rules |
| --- | --- |

8.

| — | Establishing and ensuring adequate implementation of the European System of Central Bank's legal framework for TARGET including the Conditions for participation in TARGET |
| --- | --- |

—

Establishing and ensuring adequate implementation of the European System of Central Bank's legal framework for TARGET including the Conditions for participation in TARGET

(Not applicable)

(Not applicable)

---

ANNEX III

DEFINITIONS

| (1) | ‘account monitoring group’
  means a group of two or more MCAs and/or DCAs in respect of which one participant, the leader party, has a view over the balance on each of the TARGET accounts in the group; |
| --- | --- |

(1)

‘account monitoring group’
  means a group of two or more MCAs and/or DCAs in respect of which one participant, the leader party, has a view over the balance on each of the TARGET accounts in the group;

| (2) | ‘addressable BIC holder’
  means an entity which: (a) holds a Business Identifier Code (BIC); and (b) is a correspondent or customer of a RTGS DCA holder or a branch of a RTGS DCA holder, and is able to submit payment orders to and receive payments from a TARGET component system via that RTGS DCA holder; |
| --- | --- |

(2)

‘addressable BIC holder’
  means an entity which: (a) holds a Business Identifier Code (BIC); and (b) is a correspondent or customer of a RTGS DCA holder or a branch of a RTGS DCA holder, and is able to submit payment orders to and receive payments from a TARGET component system via that RTGS DCA holder;

| (3) | ‘ancillary system’
  (AS) means a system operated by an entity established in the Union or the EEA that is subject to supervision and/or oversight by a competent authority and complies with the oversight requirements for the location of infrastructures offering services in euro, as amended from time to time and published on the ECB's website, in which payments and/or financial instruments are exchanged and/or cleared or recorded with (a) the monetary obligations resulting in cash transfer orders which are settled in TARGET and/or (b) funds held in TARGET, in accordance with Guideline ECB/2022/8; |
| --- | --- |

(3)

‘ancillary system’
  (AS) means a system operated by an entity established in the Union or the EEA that is subject to supervision and/or oversight by a competent authority and complies with the oversight requirements for the location of infrastructures offering services in euro, as amended from time to time and published on the ECB's website, in which payments and/or financial instruments are exchanged and/or cleared or recorded with (a) the monetary obligations resulting in cash transfer orders which are settled in TARGET and/or (b) funds held in TARGET, in accordance with Guideline ECB/2022/8;

| (4) | ‘ancillary system guarantee funds account’
  (AS guarantee funds account) means a technical account used for the purpose of holding guarantee funds to support RTGS AS settlement procedures A and B; |
| --- | --- |

(4)

‘ancillary system guarantee funds account’
  (AS guarantee funds account) means a technical account used for the purpose of holding guarantee funds to support RTGS AS settlement procedures A and B;

| (5) | ‘ancillary system settlement procedure’
  (AS settlement procedure) means any TIPS AS settlement procedure or RTGS AS settlement procedure; |
| --- | --- |

(5)

‘ancillary system settlement procedure’
  (AS settlement procedure) means any TIPS AS settlement procedure or RTGS AS settlement procedure;

| (6) | ‘ancillary system transfer order’
  (AS transfer order) means any cash transfer order that is initiated by an ancillary system for the purpose of an RTGS ancillary system settlement procedure; |
| --- | --- |

(6)

‘ancillary system transfer order’
  (AS transfer order) means any cash transfer order that is initiated by an ancillary system for the purpose of an RTGS ancillary system settlement procedure;

| (7) | ‘auto-collateralisation’
  means intraday credit granted by a euro area national central bank (NCB) in central bank money triggered when a T2S DCA holder has insufficient funds to settle securities transactions, whereby such intraday credit is collateralised either with the securities being purchased (collateral on flow), or with securities held by the T2S DCA holder in favour of the euro area NCB (collateral on stock). An auto collateralisation transaction consists of two distinct transactions, one for the granting of auto-collateralisation and one for its reimbursement. It may also include a third transaction for any eventual relocation of collateral. For the purposes of Annex I, Part I, Article 17 all three transactions are deemed to have been entered into the system and deemed to be irrevocable at the same time as the transaction for the granting of the auto-collateralisation; |
| --- | --- |

(7)

‘auto-collateralisation’
  means intraday credit granted by a euro area national central bank (NCB) in central bank money triggered when a T2S DCA holder has insufficient funds to settle securities transactions, whereby such intraday credit is collateralised either with the securities being purchased (collateral on flow), or with securities held by the T2S DCA holder in favour of the euro area NCB (collateral on stock). An auto collateralisation transaction consists of two distinct transactions, one for the granting of auto-collateralisation and one for its reimbursement. It may also include a third transaction for any eventual relocation of collateral. For the purposes of Annex I, Part I, Article 17 all three transactions are deemed to have been entered into the system and deemed to be irrevocable at the same time as the transaction for the granting of the auto-collateralisation;

| (8) | ‘automated liquidity transfer order’
  means a liquidity transfer order generated automatically to transfer funds from a designated RTGS DCA to the participant’s MCA in the event there are insufficient funds on that MCA for the settlement of central bank operations; |
| --- | --- |

(8)

‘automated liquidity transfer order’
  means a liquidity transfer order generated automatically to transfer funds from a designated RTGS DCA to the participant’s MCA in the event there are insufficient funds on that MCA for the settlement of central bank operations;

| (9) | ‘available liquidity’
  means a credit balance on a participant's account and, if applicable, any intraday credit line granted on the MCA by the relevant euro area NCB in relation to such account but not yet drawn upon, or if applicable, decreased by the amount of any processed reservations of liquidity or blocking of funds on MCAs or DCAs; |
| --- | --- |

(9)

‘available liquidity’
  means a credit balance on a participant's account and, if applicable, any intraday credit line granted on the MCA by the relevant euro area NCB in relation to such account but not yet drawn upon, or if applicable, decreased by the amount of any processed reservations of liquidity or blocking of funds on MCAs or DCAs;

| (10) | ‘banking group’
  means:






  a) | a composition of credit institutions included in the consolidated financial statements of a parent company where the parent company is obliged to present consolidated financial statements under International Accounting Standard 27 (IAS 27), adopted pursuant to Commission Regulation (EC) No 1126/2008 (1) and consisting of either: (i) a parent company and one or more subsidiaries; or (ii) two or more subsidiaries of a parent company; or |
| --- | --- | --- |

(10)

‘banking group’
  means:

a)

a composition of credit institutions included in the consolidated financial statements of a parent company where the parent company is obliged to present consolidated financial statements under International Accounting Standard 27 (IAS 27), adopted pursuant to Commission Regulation (EC) No 1126/2008 (1) and consisting of either: (i) a parent company and one or more subsidiaries; or (ii) two or more subsidiaries of a parent company; or

| b) | a composition of credit institutions as referred to in subparagraph (a)(i) or (ii), where a parent company does not present consolidated financial statements in accordance with IAS 27, but may be able to satisfy the criteria defined in IAS 27 for inclusion in consolidated financial statements, subject to the verification of the CB of the participant; |
| --- | --- |

b)

a composition of credit institutions as referred to in subparagraph (a)(i) or (ii), where a parent company does not present consolidated financial statements in accordance with IAS 27, but may be able to satisfy the criteria defined in IAS 27 for inclusion in consolidated financial statements, subject to the verification of the CB of the participant;

| c) | a bilateral or multilateral network of credit institutions that is: (i) organised through a statutory framework determining the affiliation of credit institutions to such a network; or (ii) characterised by self-organised mechanisms of cooperation (promoting, supporting and representing the business interests of its members) and/or economic solidarity going beyond the ordinary cooperation usual between credit institutions whereby such cooperation and solidarity are permitted by credit institutions’ by-laws or articles of incorporation or established by virtue of separate agreements and in each cases referred to in points (c)(i) and (c)(ii) the ECB’s Governing Council has approved an application to be considered as constituting a banking group; |
| --- | --- |

c)

a bilateral or multilateral network of credit institutions that is: (i) organised through a statutory framework determining the affiliation of credit institutions to such a network; or (ii) characterised by self-organised mechanisms of cooperation (promoting, supporting and representing the business interests of its members) and/or economic solidarity going beyond the ordinary cooperation usual between credit institutions whereby such cooperation and solidarity are permitted by credit institutions’ by-laws or articles of incorporation or established by virtue of separate agreements and in each cases referred to in points (c)(i) and (c)(ii) the ECB’s Governing Council has approved an application to be considered as constituting a banking group;

| (11) | ‘branch’
  means a branch within the meaning of point (17) of Article 4(1) of Regulation (EU) No 575/2013 of the European Parleament and of the Council (2) or point (30) of Article 4(1) of Directive 2014/65/EU of the European Parleament and of the Council (3); |
| --- | --- |

(11)

‘branch’
  means a branch within the meaning of point (17) of Article 4(1) of Regulation (EU) No 575/2013 of the European Parleament and of the Council (2) or point (30) of Article 4(1) of Directive 2014/65/EU of the European Parleament and of the Council (3);

| (12) | ‘broadcast message’
  means information made simultaneously available to all or a selected group of participants; |
| --- | --- |

(12)

‘broadcast message’
  means information made simultaneously available to all or a selected group of participants;

| (13) | ‘business day’ or ‘TARGET business day’
  means any day on which MCAs, RTGS DCAs, or T2S DCAs are available for the settlement of cash transfer orders; |
| --- | --- |

(13)

‘business day’ or ‘TARGET business day’
  means any day on which MCAs, RTGS DCAs, or T2S DCAs are available for the settlement of cash transfer orders;

| (14) | ‘Business Identifier Code’
  (BIC) means a code as defined by ISO Standard No 9362; |
| --- | --- |

(14)

‘Business Identifier Code’
  (BIC) means a code as defined by ISO Standard No 9362;

| (15) | ‘capacity opinion’
  means a participant-specific opinion that contains an assessment of a participant’s legal capacity to enter into and carry out its obligations; |
| --- | --- |

(15)

‘capacity opinion’
  means a participant-specific opinion that contains an assessment of a participant’s legal capacity to enter into and carry out its obligations;

| (16) | ‘cash transfer order’
  means any instruction by a participant or a party acting on its behalf to place at the disposal of a recipient an amount of money from one account by means of a book entry onto another account and which is an ancillary system transfer order, a liquidity transfer order, an instant payment order, a positive recall answer or a payment order; |
| --- | --- |

(16)

‘cash transfer order’
  means any instruction by a participant or a party acting on its behalf to place at the disposal of a recipient an amount of money from one account by means of a book entry onto another account and which is an ancillary system transfer order, a liquidity transfer order, an instant payment order, a positive recall answer or a payment order;

| (17) | ‘central bank’
  (CB) means a Eurosystem CB and/or a connected NCB; |
| --- | --- |

(17)

‘central bank’
  (CB) means a Eurosystem CB and/or a connected NCB;

| (18) | ‘central bank operation’
  means any payment order or liquidity transfer order initiated by a CB on an MCA opened in any TARGET component system; |
| --- | --- |

(18)

‘central bank operation’
  means any payment order or liquidity transfer order initiated by a CB on an MCA opened in any TARGET component system;

| (19) | ‘connected NCB’
  means an NCB, other than a euro area NCB, which is connected to TARGET pursuant to a specific agreement; |
| --- | --- |

(19)

‘connected NCB’
  means an NCB, other than a euro area NCB, which is connected to TARGET pursuant to a specific agreement;

| (20) | ‘Contingency Solution’
  means the functionality that allows CBs and participants to process cash transfer orders in the event that the normal operation of MCAs and/or RTGS DCAs and/or RTGS AS technical accounts is not possible; |
| --- | --- |

(20)

‘Contingency Solution’
  means the functionality that allows CBs and participants to process cash transfer orders in the event that the normal operation of MCAs and/or RTGS DCAs and/or RTGS AS technical accounts is not possible;

| (21) | ‘credit institution’
  means either: (a) a credit institution within the meaning of point (1) of Article 4(1) of Regulation (EU) No 575/2013 (and Article 2(5) of Directive 2013/36/EU of the European Parliament and of the Council (4) as applicable to the credit institution) that is subject to supervision by a competent authority; or (b) another credit institution within the meaning of Article 123(2) of the Treaty that is subject to scrutiny of a standard comparable to supervision by a competent authority; |
| --- | --- |

(21)

‘credit institution’
  means either: (a) a credit institution within the meaning of point (1) of Article 4(1) of Regulation (EU) No 575/2013 (and Article 2(5) of Directive 2013/36/EU of the European Parliament and of the Council (4) as applicable to the credit institution) that is subject to supervision by a competent authority; or (b) another credit institution within the meaning of Article 123(2) of the Treaty that is subject to scrutiny of a standard comparable to supervision by a competent authority;

| (22) | ‘credit memorandum balance’
  (CMB) means a limit set by the TIPS DCA holder for the use of liquidity on the TIPS DCA by a specific reachable party; |
| --- | --- |

(22)

‘credit memorandum balance’
  (CMB) means a limit set by the TIPS DCA holder for the use of liquidity on the TIPS DCA by a specific reachable party;

| (23) | ‘cross-system settlement’
  means the settlement of AS transfer orders debiting the RTGS AS technical account or a sub-account of a settlement bank of one AS using AS settlement procedure C or D and crediting the RTGS AS technical account or a sub-account of a settlement bank of another AS using AS settlement procedure C or D; |
| --- | --- |

(23)

‘cross-system settlement’
  means the settlement of AS transfer orders debiting the RTGS AS technical account or a sub-account of a settlement bank of one AS using AS settlement procedure C or D and crediting the RTGS AS technical account or a sub-account of a settlement bank of another AS using AS settlement procedure C or D;

| (24) | ‘dedicated cash account’
  (DCA) means an RTGS DCA, a T2S DCA or a TIPS DCA; |
| --- | --- |

(24)

‘dedicated cash account’
  (DCA) means an RTGS DCA, a T2S DCA or a TIPS DCA;

| (25) | ‘deposit facility rate’
  means ‘deposit facility rate’ as defined in point (22) of Article 2 of Guideline (EU) 2015/510 (ECB/2014/60); |
| --- | --- |

(25)

‘deposit facility rate’
  means ‘deposit facility rate’ as defined in point (22) of Article 2 of Guideline (EU) 2015/510 (ECB/2014/60);

| (26) | ‘deposit facility’
  means ‘deposit facility’ as defined in point (21) of Article 2 of Guideline (EU) 2015/510 (ECB/2014/60); |
| --- | --- |

(26)

‘deposit facility’
  means ‘deposit facility’ as defined in point (21) of Article 2 of Guideline (EU) 2015/510 (ECB/2014/60);

| (27) | ‘euro area NCB’
  means the national central bank (NCB) of a Member State whose currency is the euro; |
| --- | --- |

(27)

‘euro area NCB’
  means the national central bank (NCB) of a Member State whose currency is the euro;

| (28) | ‘European Payments Council’s SEPA Instant Credit Transfer (SCT Inst) scheme’ or ‘SCT Inst Scheme’
  means an automated, open standards scheme providing a set of interbank rules to be complied with by SCT Inst participants, allowing payment services providers in the Single Euro Payments Area (SEPA) to offer an automated SEPA-wide euro instant credit transfer product; |
| --- | --- |

(28)

‘European Payments Council’s SEPA Instant Credit Transfer (SCT Inst) scheme’ or ‘SCT Inst Scheme’
  means an automated, open standards scheme providing a set of interbank rules to be complied with by SCT Inst participants, allowing payment services providers in the Single Euro Payments Area (SEPA) to offer an automated SEPA-wide euro instant credit transfer product;

| (29) | ‘Eurosystem CB’
  means the ECB or a euro area NCB; |
| --- | --- |

(29)

‘Eurosystem CB’
  means the ECB or a euro area NCB;

| (30) | ‘event of default’
  means any impending or existing event, the occurrence of which may threaten the performance by a participant of its obligations under the Conditions contained in Annex I, Part I or any other rules applying to the relationship between that participant and the participant’s CB or any other CB, including:






  (a) | where the participant no longer meets the access criteria laid down in the national implementation of Part I, Annex I, Article 4 or the requirements laid down in Part I, Annex I, Article 5(1), point (a); |
| --- | --- | --- |

(30)

‘event of default’
  means any impending or existing event, the occurrence of which may threaten the performance by a participant of its obligations under the Conditions contained in Annex I, Part I or any other rules applying to the relationship between that participant and the participant’s CB or any other CB, including:

(a)

where the participant no longer meets the access criteria laid down in the national implementation of Part I, Annex I, Article 4 or the requirements laid down in Part I, Annex I, Article 5(1), point (a);

| (b) | the opening of insolvency proceedings in relation to the participant; |
| --- | --- |

(b)

the opening of insolvency proceedings in relation to the participant;

| (c) | the submission of an application relating to the proceedings referred to in point (b); |
| --- | --- |

(c)

the submission of an application relating to the proceedings referred to in point (b);

| (d) | the issue by the participant of a written declaration of its inability to pay all or any part of its debts or to meet its obligations arising in relation to intraday credit; |
| --- | --- |

(d)

the issue by the participant of a written declaration of its inability to pay all or any part of its debts or to meet its obligations arising in relation to intraday credit;

| (e) | the entry of the participant into a voluntary general agreement or arrangement with its creditors; |
| --- | --- |

(e)

the entry of the participant into a voluntary general agreement or arrangement with its creditors;

| (f) | where the participant is, or is deemed by its CB to be, insolvent or unable to pay its debts; |
| --- | --- |

(f)

where the participant is, or is deemed by its CB to be, insolvent or unable to pay its debts;

| (g) | where the participant's credit balance on any of its TARGET accounts, or all or a substantial part of the participant's assets are subject to a freezing order, attachment, seizure or any other procedure that is intended to protect the public interest or the rights of the participant's creditors; |
| --- | --- |

(g)

where the participant's credit balance on any of its TARGET accounts, or all or a substantial part of the participant's assets are subject to a freezing order, attachment, seizure or any other procedure that is intended to protect the public interest or the rights of the participant's creditors;

| (h) | where participation of the participant in another TARGET component system and/or in an AS has been suspended or terminated; |
| --- | --- |

(h)

where participation of the participant in another TARGET component system and/or in an AS has been suspended or terminated;

| (i) | where any material representation or pre-contractual statement made by the participant or which is implied to have been made by the participant under the applicable law is incorrect or untrue; |
| --- | --- |

(i)

where any material representation or pre-contractual statement made by the participant or which is implied to have been made by the participant under the applicable law is incorrect or untrue;

| (j) | the assignment of all or a substantial part of the participant's assets; |
| --- | --- |

(j)

the assignment of all or a substantial part of the participant's assets;

| (31) | ‘guarantee funds’
  means funds provided by participants of an AS, to be used in the event of the failure, for whatever reason, of one or more participants to meet their payment obligations in the AS; |
| --- | --- |

(31)

‘guarantee funds’
  means funds provided by participants of an AS, to be used in the event of the failure, for whatever reason, of one or more participants to meet their payment obligations in the AS;

| (32) | ‘insolvency proceedings’
  means insolvency proceedings within the meaning of Article 2(j) of Directive 98/26/EC; |
| --- | --- |

(32)

‘insolvency proceedings’
  means insolvency proceedings within the meaning of Article 2(j) of Directive 98/26/EC;

| (33) | ‘instant payment order’
  means, in line with the European Payments Council’s SEPA Instant Credit Transfer (SCT Inst) scheme, a cash transfer order which can be executed 24 hours a day any calendar day of the year, with immediate or close to immediate settlement and notification to the payer, and which includes: (i) TIPS DCA to TIPS DCA instant payment orders; (ii) TIPS DCA to TIPS AS technical account instant payment orders; (iii) TIPS AS technical account to TIPS DCA instant payment orders; and (iv) TIPS AS technical account to TIPS AS technical account instant payment orders; |
| --- | --- |

(33)

‘instant payment order’
  means, in line with the European Payments Council’s SEPA Instant Credit Transfer (SCT Inst) scheme, a cash transfer order which can be executed 24 hours a day any calendar day of the year, with immediate or close to immediate settlement and notification to the payer, and which includes: (i) TIPS DCA to TIPS DCA instant payment orders; (ii) TIPS DCA to TIPS AS technical account instant payment orders; (iii) TIPS AS technical account to TIPS DCA instant payment orders; and (iv) TIPS AS technical account to TIPS AS technical account instant payment orders;

| (34) | ‘instructing party’
  means an entity which has been designated as such by a TIPS DCA holder or the holder of a TIPS AS technical account, and which is allowed to send instant payment orders or liquidity transfer orders and/or receive instant payment orders or liquidity transfer orders on behalf of that account holder or a reachable party of that account holder; |
| --- | --- |

(34)

‘instructing party’
  means an entity which has been designated as such by a TIPS DCA holder or the holder of a TIPS AS technical account, and which is allowed to send instant payment orders or liquidity transfer orders and/or receive instant payment orders or liquidity transfer orders on behalf of that account holder or a reachable party of that account holder;

| (35) | ‘intraday credit’
  means credit extended for a period of less than one business day; |
| --- | --- |

(35)

‘intraday credit’
  means credit extended for a period of less than one business day;

| (36) | ‘investment firm’
  means an investment firm within the meaning of Article 4(1)(1) of Directive 2014/65/EU, excluding the institutions specified in Article 2(1) of Directive 2014/65/EU as applicable to the investment firm, provided that the investment firm in question is:






  a) | authorised and supervised by a recognised competent authority, which has been designated as such under Directive 2014/65/EU; and |
| --- | --- | --- |

(36)

‘investment firm’
  means an investment firm within the meaning of Article 4(1)(1) of Directive 2014/65/EU, excluding the institutions specified in Article 2(1) of Directive 2014/65/EU as applicable to the investment firm, provided that the investment firm in question is:

a)

authorised and supervised by a recognised competent authority, which has been designated as such under Directive 2014/65/EU; and

| b) | entitled to carry out the activities referred to under items 2, 3, 6 and 7 of Section A of Annex I to Directive 2014/65/EU as applicable to the investment firm; |
| --- | --- |

b)

entitled to carry out the activities referred to under items 2, 3, 6 and 7 of Section A of Annex I to Directive 2014/65/EU as applicable to the investment firm;

| (37) | ‘Level 3 NCBs’
  means the Deutsche Bundesbank, the Banque de France, the Banca d’Italia and the Banco de España in their capacity as the CBs developing and operating TARGET for the Eurosystem’s benefit; |
| --- | --- |

(37)

‘Level 3 NCBs’
  means the Deutsche Bundesbank, the Banque de France, the Banca d’Italia and the Banco de España in their capacity as the CBs developing and operating TARGET for the Eurosystem’s benefit;

| (38) | ‘liquidity transfer order’
  means a cash transfer order to transfer a specified amount of funds for the purpose of liquidity management; |
| --- | --- |

(38)

‘liquidity transfer order’
  means a cash transfer order to transfer a specified amount of funds for the purpose of liquidity management;

| (39) | ‘marginal lending facility rate’
  means ‘marginal lending facility rate’ as defined in point (57) of Article 2 of Guideline (EU) 2015/510 (ECB/2014/60); |
| --- | --- |

(39)

‘marginal lending facility rate’
  means ‘marginal lending facility rate’ as defined in point (57) of Article 2 of Guideline (EU) 2015/510 (ECB/2014/60);

| (40) | ‘marginal lending facility’
  means ‘marginal lending facility’ as defined in point (56) of Article 2 of Guideline (EU) 2015/510 (ECB/2014/60); |
| --- | --- |

(40)

‘marginal lending facility’
  means ‘marginal lending facility’ as defined in point (56) of Article 2 of Guideline (EU) 2015/510 (ECB/2014/60);

| (41) | ‘mobile proxy look-up (MPL) service’
  means a service which enables TIPS DCA holders, AS using TIPS AS technical accounts and reachable parties, who receive from their customers a request to execute an instant payment order in favour of a beneficiary identified with a proxy (e.g. a mobile number), to retrieve from the central MPL repository the corresponding beneficiary IBAN and the BIC to be used to credit the relevant TARGET Instant Payment Settlement (TIPS) account; |
| --- | --- |

(41)

‘mobile proxy look-up (MPL) service’
  means a service which enables TIPS DCA holders, AS using TIPS AS technical accounts and reachable parties, who receive from their customers a request to execute an instant payment order in favour of a beneficiary identified with a proxy (e.g. a mobile number), to retrieve from the central MPL repository the corresponding beneficiary IBAN and the BIC to be used to credit the relevant TARGET Instant Payment Settlement (TIPS) account;

| (42) | ‘near instant payment’
  means a transfer of cash order which complies with the European Payments Council’s SEPA Credit Transfer Additional Optional Services (SCT AOS) NL Standard for instant processing of SEPA credit transfers; |
| --- | --- |

(42)

‘near instant payment’
  means a transfer of cash order which complies with the European Payments Council’s SEPA Credit Transfer Additional Optional Services (SCT AOS) NL Standard for instant processing of SEPA credit transfers;

| (43) | ‘network service provider’
  (NSP) means an undertaking that has been awarded a concession with the Eurosystem to provide connectivity services via the Eurosystem Single Market Infrastructure Gateway to the TARGET services; |
| --- | --- |

(43)

‘network service provider’
  (NSP) means an undertaking that has been awarded a concession with the Eurosystem to provide connectivity services via the Eurosystem Single Market Infrastructure Gateway to the TARGET services;

| (44) | ‘non-settled cash transfer order’
  means a cash transfer order that is not settled on the business day on which it is accepted; |
| --- | --- |

(44)

‘non-settled cash transfer order’
  means a cash transfer order that is not settled on the business day on which it is accepted;

| (45) | ‘participant’
  means; a) an entity that holds at least one MCA and may additionally hold one or more DCAs in TARGET; or b) an AS; |
| --- | --- |

(45)

‘participant’
  means; a) an entity that holds at least one MCA and may additionally hold one or more DCAs in TARGET; or b) an AS;

| (46) | ‘payee’
  means, except where used in Article 29, Part I of Annex I, a participant whose MCA or DCA, will be credited as a result of a cash transfer order being settled; |
| --- | --- |

(46)

‘payee’
  means, except where used in Article 29, Part I of Annex I, a participant whose MCA or DCA, will be credited as a result of a cash transfer order being settled;

| (47) | ‘payer’
  means, except where used in Article 29, Part I of Annex I, a participant whose MCA or DCA, will be debited as a result of a cash transfer order being settled; |
| --- | --- |

(47)

‘payer’
  means, except where used in Article 29, Part I of Annex I, a participant whose MCA or DCA, will be debited as a result of a cash transfer order being settled;

| (48) | ‘payment order’
  means any instruction by a participant or a party acting on its behalf to place at the disposal of a recipient an amount of money from one account by means of a book entry onto another account and which is not an AS transfer order, a liquidity transfer order, an instant payment order or a positive recall answer; |
| --- | --- |

(48)

‘payment order’
  means any instruction by a participant or a party acting on its behalf to place at the disposal of a recipient an amount of money from one account by means of a book entry onto another account and which is not an AS transfer order, a liquidity transfer order, an instant payment order or a positive recall answer;

| (49) | ‘positive recall answer’
  means, in line with the European Payments Council’s SEPA Instant Credit Transfer (SCT Inst) scheme, a cash transfer order initiated by the receiver of a recall request, in response to a recall request, for the benefit of the sender of that recall request; |
| --- | --- |

(49)

‘positive recall answer’
  means, in line with the European Payments Council’s SEPA Instant Credit Transfer (SCT Inst) scheme, a cash transfer order initiated by the receiver of a recall request, in response to a recall request, for the benefit of the sender of that recall request;

| (50) | ‘public sector body’
  means an entity within the ‘public sector’, the latter term as defined in Article 3 of Council Regulation (EC) No 3603/93 (5); |
| --- | --- |

(50)

‘public sector body’
  means an entity within the ‘public sector’, the latter term as defined in Article 3 of Council Regulation (EC) No 3603/93 (5);

| (51) | ‘reachable party’
  means an entity which: (a) holds a Business Identifier Code (BIC); (b) is designated as such by a TIPS DCA holder or by an ancillary system holding a TIPS AS technical account; (c) is a correspondent, customer, or branch of a TIPS DCA holder or a participant of an ancillary system; or is a correspondent, customer, or branch of a participant of an ancillary system holding a TIPS AS technical account and (d) is addressable through TIPS and is able to submit cash transfer orders and receive cash transfer orders either via the TIPS DCA holder or by an ancillary system holding a TIPS AS technical account, or directly if so authorised by the TIPS DCA holder or by an ancillary system holding a TIPS AS technical account; |
| --- | --- |

(51)

‘reachable party’
  means an entity which: (a) holds a Business Identifier Code (BIC); (b) is designated as such by a TIPS DCA holder or by an ancillary system holding a TIPS AS technical account; (c) is a correspondent, customer, or branch of a TIPS DCA holder or a participant of an ancillary system; or is a correspondent, customer, or branch of a participant of an ancillary system holding a TIPS AS technical account and (d) is addressable through TIPS and is able to submit cash transfer orders and receive cash transfer orders either via the TIPS DCA holder or by an ancillary system holding a TIPS AS technical account, or directly if so authorised by the TIPS DCA holder or by an ancillary system holding a TIPS AS technical account;

| (52) | ‘Real-time gross settlement ancillary system settlement procedure’
  (RTGS AS settlement procedure) means one of the range of special, predefined services for the submission and settlement of AS transfer orders related to settlement of AS on RTGS DCAs, sub-accounts and RTGS AS technical accounts; |
| --- | --- |

(52)

‘Real-time gross settlement ancillary system settlement procedure’
  (RTGS AS settlement procedure) means one of the range of special, predefined services for the submission and settlement of AS transfer orders related to settlement of AS on RTGS DCAs, sub-accounts and RTGS AS technical accounts;

| (53) | ‘Real-time gross settlement ancillary system technical account’
  (RTGS AS technical account) means an account held by an AS or by the CB in its TARGET component system on behalf of the AS and used in the context of an RTGS AS settlement procedure; |
| --- | --- |

(53)

‘Real-time gross settlement ancillary system technical account’
  (RTGS AS technical account) means an account held by an AS or by the CB in its TARGET component system on behalf of the AS and used in the context of an RTGS AS settlement procedure;

| (54) | ‘recall request’
  means a message from an RTGS DCA holder or a TIPS DCA holder requesting reimbursement of a settled payment order or instant payment order respectively; |
| --- | --- |

(54)

‘recall request’
  means a message from an RTGS DCA holder or a TIPS DCA holder requesting reimbursement of a settled payment order or instant payment order respectively;

| (55) | ‘rule-based liquidity transfer order’
  means a liquidity transfer order that is triggered as a result of: (a) the balance on an MCA or RTGS DCA breaching a pre-defined floor or ceiling; or (b) insufficient funds being available to cover queued urgent payment orders, AS transfer orders or high priority payment orders on an RTGS DCA; |
| --- | --- |

(55)

‘rule-based liquidity transfer order’
  means a liquidity transfer order that is triggered as a result of: (a) the balance on an MCA or RTGS DCA breaching a pre-defined floor or ceiling; or (b) insufficient funds being available to cover queued urgent payment orders, AS transfer orders or high priority payment orders on an RTGS DCA;

| (56) | ‘settlement bank account group’
  means a list of RTGS DCAs and/or sub accounts set in the context of the settlement of an ancillary system using RTGS AS settlement procedures; |
| --- | --- |

(56)

‘settlement bank account group’
  means a list of RTGS DCAs and/or sub accounts set in the context of the settlement of an ancillary system using RTGS AS settlement procedures;

| (57) | ‘settlement bank’
  means an RTGS DCA holder whose RTGS DCA or sub-account is used to settle AS transfer orders submitted by an AS using the RTGS AS settlement procedures; |
| --- | --- |

(57)

‘settlement bank’
  means an RTGS DCA holder whose RTGS DCA or sub-account is used to settle AS transfer orders submitted by an AS using the RTGS AS settlement procedures;

| (58) | ‘suspension’
  means the temporary freezing of the rights and obligations of a participant for a period of time to be determined by the participant’s CB; |
| --- | --- |

(58)

‘suspension’
  means the temporary freezing of the rights and obligations of a participant for a period of time to be determined by the participant’s CB;

| (59) | ‘TARGET account’
  means any account opened in a TARGET component system; |
| --- | --- |

(59)

‘TARGET account’
  means any account opened in a TARGET component system;

| (60) | ‘TARGET component system’
  means any of the CBs’ systems that form part of TARGET; |
| --- | --- |

(60)

‘TARGET component system’
  means any of the CBs’ systems that form part of TARGET;

| (61) | ‘TARGET coordinator’
  means a person appointed by the ECB to ensure the daily operational management of TARGET, to manage and coordinate activity in the event of an abnormal situation occurring and to coordinate the dissemination of information to participants; |
| --- | --- |

(61)

‘TARGET coordinator’
  means a person appointed by the ECB to ensure the daily operational management of TARGET, to manage and coordinate activity in the event of an abnormal situation occurring and to coordinate the dissemination of information to participants;

| (62) | ‘TARGET Instant Payment Settlement (TIPS) ancillary system settlement procedure’
  (TIPS AS settlement procedure) means the predefined service for the submission and settlement of liquidity transfer orders and instant payment orders related to settlement of AS on TIPS DCAs and TIPS AS technical accounts; |
| --- | --- |

(62)

‘TARGET Instant Payment Settlement (TIPS) ancillary system settlement procedure’
  (TIPS AS settlement procedure) means the predefined service for the submission and settlement of liquidity transfer orders and instant payment orders related to settlement of AS on TIPS DCAs and TIPS AS technical accounts;

| (63) | ‘TARGET Instant Payment Settlement (TIPS) ancillary system technical account’
  (TIPS AS technical account) means an account held by an AS or by the CB in its TARGET component system on behalf of the AS for use by the AS for the purpose of settling instant payments or near instant payments in its own books; |
| --- | --- |

(63)

‘TARGET Instant Payment Settlement (TIPS) ancillary system technical account’
  (TIPS AS technical account) means an account held by an AS or by the CB in its TARGET component system on behalf of the AS for use by the AS for the purpose of settling instant payments or near instant payments in its own books;

| (64) | ‘TARGET settlement manager’
  means a person appointed by a Eurosystem CB to monitor the operation of its TARGET component system; |
| --- | --- |

(64)

‘TARGET settlement manager’
  means a person appointed by a Eurosystem CB to monitor the operation of its TARGET component system;

| (65) | ‘TARGET2-Securities’
  (T2S) means the set of hardware, software and other technical infrastructure components through which the Eurosystem provides the services to CSDs and Eurosystem CBs that allow core, neutral and borderless settlement of securities transactions on a delivery-versus-payment basis in central bank money; |
| --- | --- |

(65)

‘TARGET2-Securities’
  (T2S) means the set of hardware, software and other technical infrastructure components through which the Eurosystem provides the services to CSDs and Eurosystem CBs that allow core, neutral and borderless settlement of securities transactions on a delivery-versus-payment basis in central bank money;

| (66) | ‘technical malfunction of TARGET’
  means any defect or failure in the technical infrastructure and/or the computer systems used by the relevant TARGET component system, or any other event that makes it impossible to execute and complete the processing of cash transfer orders according to the relevant parts of this Guideline in the relevant TARGET component system. |
| --- | --- |

(66)

‘technical malfunction of TARGET’
  means any defect or failure in the technical infrastructure and/or the computer systems used by the relevant TARGET component system, or any other event that makes it impossible to execute and complete the processing of cash transfer orders according to the relevant parts of this Guideline in the relevant TARGET component system.

---

(1)  Commission Regulation (EC) No 1126/2008 of 3 November 2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council (OJ L 320, 29.11.2008, p. 1).

(2)  Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and amending Regulation (EU) No 648/2012 (OJ L 176, 27.6.2013, p. 1).

(3)  Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (OJ L 173, 12.6.2014, p. 349).

(4)  Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC (OJ L 176, 27.6.2013, p. 338).

(5)  Council Regulation (EC) No 3603/93 of 13 December 1993 specifying definitions for the application of the prohibitions referred to in Articles 104 and 104b (1) of the Treaty (OJ L 332, 31.12.1993, p. 1).

---

TREOIRLÍNTE

| 17.6.2022 | GA | Iris Oifigiúil an Aontais Eorpaigh | L 163/84 |
| --- | --- | --- | --- |

17.6.2022

GA

Iris Oifigiúil an Aontais Eorpaigh

L 163/84

---

TREOIRLÍNE (AE) 2022/912 ÓN mBANC CEANNAIS EORPACH

an 24 Feabhra 2022

maidir le hUathchóras Nua Giniúna Mearaistrithe Ollsocraíochtaí Fíor-ama Tras- Eorpach (TARGET) agus lena n-aisghairtear Treoirlíne 2013/47/AE (BCE/2012/27) (BCE/2022/8)

TÁ COMHAIRLE RIALAITHE AN BHAINC CEANNAIS EORPAIGH,

Ag féachaint don Chonradh ar Fheidhmiú an Aontais Eorpaigh, agus go háirithe an chéad fhleasc agus an ceathrú fleasc d’Airteagal 127(2) de,

Ag féachaint do Reacht an Chórais Eorpaigh Banc Ceannais agus an Bhainc Ceannais Eorpaigh, agus go háirithe Airteagal 3.1 agus Airteagail 17, 18 agus 22 de,

De bharr an méid seo a leanas:

| (1) | Rialaítear le Treoirlíne 2013/47/AE ón mBanc Ceannais Eorpach an t-uathchóras Mearaistrithe Ollscocraíochtaí Fíor-Ama Tras-Eorpach (BCE/2012/27) (1). |
| --- | --- |

(1)

Rialaítear le Treoirlíne 2013/47/AE ón mBanc Ceannais Eorpach an t-uathchóras Mearaistrithe Ollscocraíochtaí Fíor-Ama Tras-Eorpach (BCE/2012/27) (1).

| (2) | Tháining an “Comhaontú Comhchoiteann” a síníodh idir na bainc cheannais a oibríonn córais chomhpháirteacha de TARGET2 agus na taisclanna lárnacha urrús (TLUanna) a oibríonn ar ardán Urrús-TARGET2 i bhfeidhm an 20 Márta 2018. Baineann an Comhaontú sin le soláthar faisnéise agus le dliteanais i gcás dócmhainneachta rannpháirtí sna córais agus sainmhíníonn sé nóiméad iontrála coiteann d’íocaíochtaí agus d’orduithe aistrithe urrús a socraítear sna córais seo. |
| --- | --- |

(2)

Tháining an “Comhaontú Comhchoiteann” a síníodh idir na bainc cheannais a oibríonn córais chomhpháirteacha de TARGET2 agus na taisclanna lárnacha urrús (TLUanna) a oibríonn ar ardán Urrús-TARGET2 i bhfeidhm an 20 Márta 2018. Baineann an Comhaontú sin le soláthar faisnéise agus le dliteanais i gcás dócmhainneachta rannpháirtí sna córais agus sainmhíníonn sé nóiméad iontrála coiteann d’íocaíochtaí agus d’orduithe aistrithe urrús a socraítear sna córais seo.

| (3) | An 6 Nollaig 2017 cheadaigh an Chomhairle Rialaithe Tionscadal Comhdhlúthaithe T2-T2S, arb é is cuspóir leis TARGET2 agus Urrúis-TARGET2 (T2S) a chomhdhlúthú agus a bharrfheabhsú, ag baint tairbhe as cuir chuige úrscothacha agus nuálaíocht theicneolaíoch, lena cumasaítear laghdú ina gcostas oibríochta comhcheangailte, agus lena feabhsaítear bainistiú leachtachta ar fud na seirbhísí éagsúla. Is é toradh an Tionscadail Comhdhlúthaithe T2-T2S an t-uathchóras nua giniúna Mearaistrithe Ollsocraíochtaí Fíor-Ama Tras-Eorpach a shocraíonn in euro in airgead bainc cheannais (TARGET). |
| --- | --- |

(3)

An 6 Nollaig 2017 cheadaigh an Chomhairle Rialaithe Tionscadal Comhdhlúthaithe T2-T2S, arb é is cuspóir leis TARGET2 agus Urrúis-TARGET2 (T2S) a chomhdhlúthú agus a bharrfheabhsú, ag baint tairbhe as cuir chuige úrscothacha agus nuálaíocht theicneolaíoch, lena cumasaítear laghdú ina gcostas oibríochta comhcheangailte, agus lena feabhsaítear bainistiú leachtachta ar fud na seirbhísí éagsúla. Is é toradh an Tionscadail Comhdhlúthaithe T2-T2S an t-uathchóras nua giniúna Mearaistrithe Ollsocraíochtaí Fíor-Ama Tras-Eorpach a shocraíonn in euro in airgead bainc cheannais (TARGET).

| (4) | Ba cheart TARGET a chur in ionad TARGET2 ón 21 Samhain 2022. Dá bhrí sin, ba cheart Treoirlíne 2013/47/AE (BCE/2012/27) a aisghairm. |
| --- | --- |

(4)

Ba cheart TARGET a chur in ionad TARGET2 ón 21 Samhain 2022. Dá bhrí sin, ba cheart Treoirlíne 2013/47/AE (BCE/2012/27) a aisghairm.

| (5) | Mar is amhlaidh i gcás TARGET2, ba cheart TARGET a struchtúrú go dlíthiúil mar iliomad córas íocaíochta ina ndéantar gach córas comhpháirte de TARGET a chomhchuibhiú a mhéid is féidir. |
| --- | --- |

(5)

Mar is amhlaidh i gcás TARGET2, ba cheart TARGET a struchtúrú go dlíthiúil mar iliomad córas íocaíochta ina ndéantar gach córas comhpháirte de TARGET a chomhchuibhiú a mhéid is féidir.

| (6) | Mar is amhlaidh i gcás TARGET2, ba cheart go mbeadh trí leibhéal rialachais ar leithligh i TARGET. Ba cheart go mbeadh inniúlacht deiridh ag Leibhéal 1 (An Chomhairle Rialaithe) maidir le TARGET agus go chosnaíonn sí a fheidhm phoiblí. Ba cheart go mbeadh inniúlacht fhochuideachta ag Leibhéal 2 (comhlacht bainistíochta teicniúil agus oibríochtúil) maidir le TARGET a bhainistiú agus a stiúradh, agus ba cheart go ndéanfadh Leibhéal 3 (ag soláthar banc ceannais náistúnta) na córais TARGET a fhobairt agus a oibriú chun leasa an Eurochórais. |
| --- | --- |

(6)

Mar is amhlaidh i gcás TARGET2, ba cheart go mbeadh trí leibhéal rialachais ar leithligh i TARGET. Ba cheart go mbeadh inniúlacht deiridh ag Leibhéal 1 (An Chomhairle Rialaithe) maidir le TARGET agus go chosnaíonn sí a fheidhm phoiblí. Ba cheart go mbeadh inniúlacht fhochuideachta ag Leibhéal 2 (comhlacht bainistíochta teicniúil agus oibríochtúil) maidir le TARGET a bhainistiú agus a stiúradh, agus ba cheart go ndéanfadh Leibhéal 3 (ag soláthar banc ceannais náistúnta) na córais TARGET a fhobairt agus a oibriú chun leasa an Eurochórais.

| (7) | Ba cheart go soláthródh TARGET seirbhísí lárnacha bainistithe leachtachta, lena n-áirítear socraíocht oibríochtaí bainc cheannais trí phríomhchuntais airgid (MCAnna), ollsocraíocht fíor-ama (RTGS) ardluach d’íocaíochtaí trí chuntais airgid thiomnaithe RTGS (DCAnna), íocaíochtaí airgid i ndáil le socraíocht urrús trí chuntais airgid thiomnaithe T2S (DCAnna T2S ) agus socraíocht íocaíochtaí meandracha trí chuntais airgid thiomnaithe Shocraíocht Íocaíochtaí Meandracha TARGET (TIPS) (DCAnna TIPS), agus seirbhísí do shocraíocht córais choimhdigh (AS) trí fho-chuntais, trí chuntais theicniúla AS RTGS, trí chuntais chiste ráthaíochta AS agus trí chuntais theicniúla AS TIPS. |
| --- | --- |

(7)

Ba cheart go soláthródh TARGET seirbhísí lárnacha bainistithe leachtachta, lena n-áirítear socraíocht oibríochtaí bainc cheannais trí phríomhchuntais airgid (MCAnna), ollsocraíocht fíor-ama (RTGS) ardluach d’íocaíochtaí trí chuntais airgid thiomnaithe RTGS (DCAnna), íocaíochtaí airgid i ndáil le socraíocht urrús trí chuntais airgid thiomnaithe T2S (DCAnna T2S ) agus socraíocht íocaíochtaí meandracha trí chuntais airgid thiomnaithe Shocraíocht Íocaíochtaí Meandracha TARGET (TIPS) (DCAnna TIPS), agus seirbhísí do shocraíocht córais choimhdigh (AS) trí fho-chuntais, trí chuntais theicniúla AS RTGS, trí chuntais chiste ráthaíochta AS agus trí chuntais theicniúla AS TIPS.

| (8) | D’fhonn soiléireacht agus cóireáil chomhionann a chinntiú, is iomchuí go mbeadh soláthar na seirbhísí seo faoi rialú ag tacair coinníollacha comhchuibhithe le haghaidh rannpháirtíochta i TARGET, ar cheart iad a thabhairt i gcrích idir gach rannpháirtí TARGET agus an banc ceannais náisiúnta (BCN) a oibríonn an córas comhpháirte de TARGET faoi seach. |
| --- | --- |

(8)

D’fhonn soiléireacht agus cóireáil chomhionann a chinntiú, is iomchuí go mbeadh soláthar na seirbhísí seo faoi rialú ag tacair coinníollacha comhchuibhithe le haghaidh rannpháirtíochta i TARGET, ar cheart iad a thabhairt i gcrích idir gach rannpháirtí TARGET agus an banc ceannais náisiúnta (BCN) a oibríonn an córas comhpháirte de TARGET faoi seach.

| (9) | D’fhonn iomaíochas a mhéadú, ba cheart go ndéanfadh TARGET foráil do sholáthraithe seirbhíse líonra iolracha (NSPanna) a bheadh freagrach as an nasc teicniúil le TARGET a bhunú. Ba cheart cead a bheith ag rannpháirtithe TARGET caidreamh conarthach a dhéanamh le NSP faoi chuimsiú an chonartha lamháltais a tugadh i gcrích idir an Banca d’Italia, mar ghníomhaire Eurochórais agus an NSP, nó le fochonraitheoir an NSP dá rogha féin. |
| --- | --- |

(9)

D’fhonn iomaíochas a mhéadú, ba cheart go ndéanfadh TARGET foráil do sholáthraithe seirbhíse líonra iolracha (NSPanna) a bheadh freagrach as an nasc teicniúil le TARGET a bhunú. Ba cheart cead a bheith ag rannpháirtithe TARGET caidreamh conarthach a dhéanamh le NSP faoi chuimsiú an chonartha lamháltais a tugadh i gcrích idir an Banca d’Italia, mar ghníomhaire Eurochórais agus an NSP, nó le fochonraitheoir an NSP dá rogha féin.

| (10) | Tá córais chomhpháirteanna de TARGET2 atá faoi úinéireacht agus á bhfeidhmiú ag BCNanna Eurochórais aitheanta le chéile (2) mar chóras íocaíochta a bhfuil tábhachtach shistéamach leis (SIPS) atá faoi réirRialachán ón mBanc Ceannais Eorpach (AE) Uimh. 795/2014(BCE/ 2014/28) (3). Ba cheart go dtiocfadh na córais chomhpháirteanna de TARGET faoi seach, mar na córais íocaíochta a chuirfear in ionad na gcóras comhpháirteanna de TARGET2 sin, faoi raon feidhme Rialachán (AE) Uimh. 795/2014 (BCE/2014/28) agus go gcomhlíonfadh siad na ceanglais um maoirseacht a leagtar síos sa Rialachán sin. |
| --- | --- |

(10)

Tá córais chomhpháirteanna de TARGET2 atá faoi úinéireacht agus á bhfeidhmiú ag BCNanna Eurochórais aitheanta le chéile (2) mar chóras íocaíochta a bhfuil tábhachtach shistéamach leis (SIPS) atá faoi réirRialachán ón mBanc Ceannais Eorpach (AE) Uimh. 795/2014(BCE/ 2014/28) (3). Ba cheart go dtiocfadh na córais chomhpháirteanna de TARGET faoi seach, mar na córais íocaíochta a chuirfear in ionad na gcóras comhpháirteanna de TARGET2 sin, faoi raon feidhme Rialachán (AE) Uimh. 795/2014 (BCE/2014/28) agus go gcomhlíonfadh siad na ceanglais um maoirseacht a leagtar síos sa Rialachán sin.

| (11) | Tá TARGET riachtanach chun bunchúraimí áirithe an Eurochórais a chomhlíonadh, i.e. beartas airgeadaíochta an Aontais a chur chun feidhme agus oibriú rianúil córais íocaíochta a chur ar aghaidh, |
| --- | --- |

(11)

Tá TARGET riachtanach chun bunchúraimí áirithe an Eurochórais a chomhlíonadh, i.e. beartas airgeadaíochta an Aontais a chur chun feidhme agus oibriú rianúil córais íocaíochta a chur ar aghaidh,

| (12) | Is éard atá i gcórais chomhpháirteanna de TARGET ná comharbaí dlíthiúla ar na córais chomhpháirteanna de TARGET2 chomhfhreagracha, |
| --- | --- |

(12)

Is éard atá i gcórais chomhpháirteanna de TARGET ná comharbaí dlíthiúla ar na córais chomhpháirteanna de TARGET2 chomhfhreagracha,

TAR ÉIS AN TREOIRLÍNE SEO A GHLACADH:

ROINN I

FORÁLACHA GINEARÁLTA

Airteagal 1

Ábhar agus raon feidhme

Soláthraítear le TARGET na cuntais seo a leanas maidir le socraíocht in euro in airgead bainc cheannais,

| (a) | Príomhchuntais airgid (MCAnna) le haghaidh socraíocht oibríochaí le bainc cheannais; |
| --- | --- |

(a)

Príomhchuntais airgid (MCAnna) le haghaidh socraíocht oibríochaí le bainc cheannais;

| (b) | Cuntais airgid thiomnaithe le haghaidh ollsocraíocht fíor-ama (DCAnna RTGS ) agus fochuntais le haghaidh íocaíochtaí fíor-ama idirbhainc agus custaiméirí agus le haghaidh idirbhearta le córais choimhdeacha (AS) a shocrú; |
| --- | --- |

(b)

Cuntais airgid thiomnaithe le haghaidh ollsocraíocht fíor-ama (DCAnna RTGS ) agus fochuntais le haghaidh íocaíochtaí fíor-ama idirbhainc agus custaiméirí agus le haghaidh idirbhearta le córais choimhdeacha (AS) a shocrú;

| (c) | Cuntais theicniúla chórais choimhdeacha le haghaidh ollsocraíochta fíor-ama (cuntais theicniúla AS RTGS), cuntais theicniúla chórais choimhdeacha le haghaidh Socraíocht Íocaíochta Meandraí (TIPS) (cuntais theicniúla AS TIPS) agus cuntais chistí ráthaíochta córas coimhdeach (cuntais chistí ráthaíochta AS) chun idirbhearta a shocrú le jAS; |
| --- | --- |

(c)

Cuntais theicniúla chórais choimhdeacha le haghaidh ollsocraíochta fíor-ama (cuntais theicniúla AS RTGS), cuntais theicniúla chórais choimhdeacha le haghaidh Socraíocht Íocaíochta Meandraí (TIPS) (cuntais theicniúla AS TIPS) agus cuntais chistí ráthaíochta córas coimhdeach (cuntais chistí ráthaíochta AS) chun idirbhearta a shocrú le jAS;

| (d) | Cuntais airgid thiomnaithe Urrúis-TARGET2 (DCAnna T2S) le haghaidh íocaíochtaí airgid i ndáil le hidirbhearta urrús; agus |
| --- | --- |

(d)

Cuntais airgid thiomnaithe Urrúis-TARGET2 (DCAnna T2S) le haghaidh íocaíochtaí airgid i ndáil le hidirbhearta urrús; agus

| (e) | Cuntais airgid thiomnaithe do shocraíocht íocaíochtaí meandracha TARGET (TIPS DCAnna) chun íocaíochtaí meandracha a shocrú. |
| --- | --- |

(e)

Cuntais airgid thiomnaithe do shocraíocht íocaíochtaí meandracha TARGET (TIPS DCAnna) chun íocaíochtaí meandracha a shocrú.

Airteagal 2

Sainmhínithe

Chun críocha na Treoirlíne seo beidh le gach ceann de na téarmaí seo a leanas an bhrí a shanntar dó in Iarscríbhinn III:

| (1) | “grúpa faireacháin cuntas“ (accounting monitoring group); |
| --- | --- |

(1)

“grúpa faireacháin cuntas“ (accounting monitoring group);

accounting monitoring group

| (2) | “sealbhóir BIC inteagmhála” (addressable BIC holder); |
| --- | --- |

(2)

“sealbhóir BIC inteagmhála” (addressable BIC holder);

addressable BIC holder

| (3) | “córas coimhdeach” (AC), (ancillary system); |
| --- | --- |

(3)

“córas coimhdeach” (AC), (ancillary system);

ancillary system

| (4) | “cuntas cistí ráthaíochta córais choimhdigh” (cuntas cistí ráthaíochta AS), (ancillary system guarantee funds account, AS guarantee funds account); |
| --- | --- |

(4)

“cuntas cistí ráthaíochta córais choimhdigh” (cuntas cistí ráthaíochta AS), (ancillary system guarantee funds account, AS guarantee funds account);

ancillary system guarantee funds account, AS guarantee funds account

| (5) | “nós imeachta socraíochta córais choimhdigh“ (nós imeachta socraíochta AS), (ancillary system settlement procedure, AS settlement procedure); |
| --- | --- |

(5)

“nós imeachta socraíochta córais choimhdigh“ (nós imeachta socraíochta AS), (ancillary system settlement procedure, AS settlement procedure);

(ancillary system settlement procedure, AS settlement procedure

| (6) | “ordú aistrithe córais choimhdigh” (ordú aistrithe AS), (ancillary system transfer order, AS transfer order); |
| --- | --- |

(6)

“ordú aistrithe córais choimhdigh” (ordú aistrithe AS), (ancillary system transfer order, AS transfer order);

ancillary system transfer order, AS transfer order

| (7) | “uathsholáthar urrúis chomhthaobhaigh“ (auto-collateralisation); |
| --- | --- |

(7)

“uathsholáthar urrúis chomhthaobhaigh“ (auto-collateralisation);

auto-collateralisation)

| (8) | “uathordú aistrithe leachtacha” (automated liquidity transfer order); |
| --- | --- |

(8)

“uathordú aistrithe leachtacha” (automated liquidity transfer order);

automated liquidity transfer order

| (9) | “leachtacht atá ar fáil“ (available liquidity); |
| --- | --- |

(9)

“leachtacht atá ar fáil“ (available liquidity);

available liquidity

| (10) | “grúpa baincéireachta“ (banking group); |
| --- | --- |

(10)

“grúpa baincéireachta“ (banking group);

banking group

| (11) | “brainse“ (branch); |
| --- | --- |

(11)

“brainse“ (branch);

branch

| (12) | “teachtaireacht craolta“ (broadcast message); |
| --- | --- |

(12)

“teachtaireacht craolta“ (broadcast message);

broadcast message

| (13) | “lá gnó“ nó “lá gnó TARGET“ (business day or TARGET business day); |
| --- | --- |

(13)

“lá gnó“ nó “lá gnó TARGET“ (business day or TARGET business day);

business day or TARGET business day

| (14) | “Cód aitheantais Gnó” (BIC), (business code identifier); |
| --- | --- |

(14)

“Cód aitheantais Gnó” (BIC), (business code identifier);

business code identifier

| (15) | “tuairim acmhainní“ (capacity opinion); |
| --- | --- |

(15)

“tuairim acmhainní“ (capacity opinion);

capacity opinion

| (16) | “ordú aistrithe airgid’ (“cash transfer order”
  ); |
| --- | --- |

(16)

“ordú aistrithe airgid’ (“cash transfer order”
  );

cash transfer order”

| (17) | “banc ceannais” (BC); |
| --- | --- |

(17)

“banc ceannais” (BC);

| (18) | “oibríocht bainc cheannais” (central bank operation); |
| --- | --- |

(18)

“oibríocht bainc cheannais” (central bank operation);

central bank operation)

| (19) | “BCN bainteach” (connected NCB); |
| --- | --- |

(19)

“BCN bainteach” (connected NCB);

connected NCB

| (20) | “Réiteach Teagmhasachta“ (Contingency Solution); |
| --- | --- |

(20)

“Réiteach Teagmhasachta“ (Contingency Solution);

Contingency Solution

| (21) | “instititúid chreidmheasa“ (credit institution); |
| --- | --- |

(21)

“instititúid chreidmheasa“ (credit institution);

credit institution

| (22) | “iarmhéid meabhráin creidmheasa” (CMB), (credit memorandum balance); |
| --- | --- |

(22)

“iarmhéid meabhráin creidmheasa” (CMB), (credit memorandum balance);

credit memorandum balance

| (23) | “socraíocht traschórais“ (cross-system settlement); |
| --- | --- |

(23)

“socraíocht traschórais“ (cross-system settlement);

cross-system settlement

| (24) | “Cuntas airgid tiomnaithe” (DCA), (dedicated cash account); |
| --- | --- |

(24)

“Cuntas airgid tiomnaithe” (DCA), (dedicated cash account);

dedicated cash account

| (25) | “ráta na saoráide taisce“ (deposit facility rate); |
| --- | --- |

(25)

“ráta na saoráide taisce“ (deposit facility rate);

deposit facility rate

| (26) | “saoráid taisce“ (deposit facility); |
| --- | --- |

(26)

“saoráid taisce“ (deposit facility);

deposit facility

| (27) | “BCN sa limistér euro” (euro area NCB); |
| --- | --- |

(27)

“BCN sa limistér euro” (euro area NCB);

euro area NCB

| (28) | “Scéim Aistrithe Creidmheasa Meandraí (SCT Inst.) SEPA de chuid na Comhairle Eorpaí um Íocaíochtaí” nó “Scéim SCT Inst”, (European Payments Council”s SEPA Instant Credit Transfer (SCT Inst) scheme or SCT Inst Scheme); |
| --- | --- |

(28)

“Scéim Aistrithe Creidmheasa Meandraí (SCT Inst.) SEPA de chuid na Comhairle Eorpaí um Íocaíochtaí” nó “Scéim SCT Inst”, (European Payments Council”s SEPA Instant Credit Transfer (SCT Inst) scheme or SCT Inst Scheme);

, (European Payments Council”s SEPA Instant Credit Transfer (SCT Inst) scheme or SCT Inst Scheme);

| (29) | “BC Eurochórais“ (Eurosystem CB); |
| --- | --- |

(29)

“BC Eurochórais“ (Eurosystem CB);

Eurosystem CB

| (30) | “teagmhas mainneachtana“(event of default); |
| --- | --- |

(30)

“teagmhas mainneachtana“(event of default);

(event of default

| (31) | “cistí ráthaíochta“ (cistí rathaíochta); |
| --- | --- |

(31)

“cistí ráthaíochta“ (cistí rathaíochta);

cistí rathaíochta

| (32) | “imeachtaí dócmhainneachta“ (insolvency proceedings); |
| --- | --- |

(32)

“imeachtaí dócmhainneachta“ (insolvency proceedings);

insolvency proceedings

| (33) | “ordú íocaíochta meandraí“ (instant payment order); |
| --- | --- |

(33)

“ordú íocaíochta meandraí“ (instant payment order);

instant payment order

| (34) | “páirtí inrochtana“ (instructing party); |
| --- | --- |

(34)

“páirtí inrochtana“ (instructing party);

instructing party

| (35) | “creidmheas ionlae” (intraday credit); |
| --- | --- |

(35)

“creidmheas ionlae” (intraday credit);

intraday credit

| (36) | “gnólacht infheistíochta“ (investment firm); |
| --- | --- |

(36)

“gnólacht infheistíochta“ (investment firm);

investment firm

| (37) | “BCNanna Leibhéal 3” (level 3 NCBs); |
| --- | --- |

(37)

“BCNanna Leibhéal 3” (level 3 NCBs);

level 3 NCBs

| (38) | “orduithe aistrithe leachtacha” (liquidity transfer order); |
| --- | --- |

(38)

“orduithe aistrithe leachtacha” (liquidity transfer order);

liquidity transfer order

| (39) | “ráta na saoráide iasachta imeallach“ (marginal lending facility rate); |
| --- | --- |

(39)

“ráta na saoráide iasachta imeallach“ (marginal lending facility rate);

marginal lending facility rate

| (40) | “saoráid iasachta imeallach“ (marginal lending facility); |
| --- | --- |

(40)

“saoráid iasachta imeallach“ (marginal lending facility);

marginal lending facility

| (41) | “seirbhís shoghluaiste cuardaigh ionadaithe (MPL)” (mobile proxy look-up (MPL) service); |
| --- | --- |

(41)

“seirbhís shoghluaiste cuardaigh ionadaithe (MPL)” (mobile proxy look-up (MPL) service);

mobile proxy look-up (MPL) service

| (42) | “íocaíocht gar meandrach“ (near instant payment); |
| --- | --- |

(42)

“íocaíocht gar meandrach“ (near instant payment);

near instant payment

| (43) | “solathraí seirbhíse líonra” (network service provider); |
| --- | --- |

(43)

“solathraí seirbhíse líonra” (network service provider);

network service provider

| (44) | “ordú aistrithe airgid neamhshocraithe” (non-settled cash transfer order); |
| --- | --- |

(44)

“ordú aistrithe airgid neamhshocraithe” (non-settled cash transfer order);

non-settled cash transfer order

| (45) | “rannphairtí” (participant); |
| --- | --- |

(45)

“rannphairtí” (participant);

participant

| (46) | “íocaí“ (payee); |
| --- | --- |

(46)

“íocaí“ (payee);

payee

| (47) | “íocóir“ (payer); |
| --- | --- |

(47)

“íocóir“ (payer);

payer

| (48) | “ordú íocaíochta” (payment order); |
| --- | --- |

(48)

“ordú íocaíochta” (payment order);

payment order

| (49) | “freagra dearfach aisghairme“ (positive recall answer); |
| --- | --- |

(49)

“freagra dearfach aisghairme“ (positive recall answer);

positive recall answer

| (50) | “comhlacht earnála poiblí” (public sector body); |
| --- | --- |

(50)

“comhlacht earnála poiblí” (public sector body);

public sector body

| (51) | “páirtí treorach“ (reachable party); |
| --- | --- |

(51)

“páirtí treorach“ (reachable party);

reachable party

| (52) | “nós imeachta socraíochta córais choimhdigh um ollsocraíocht fíor-ama” (Nós imeachta socraíochta AS RTGS), (Real-time gross settlement ancillary system settlement procedure” (RTGS AS settlement procedure); |
| --- | --- |

(52)

“nós imeachta socraíochta córais choimhdigh um ollsocraíocht fíor-ama” (Nós imeachta socraíochta AS RTGS), (Real-time gross settlement ancillary system settlement procedure” (RTGS AS settlement procedure);

Real-time gross settlement ancillary system settlement procedure” (RTGS AS settlement procedure

| (53) | “cuntas teicniúil córais choimhdigh um ollsocraíocht fíor-ama” (Real-time gross settlement ancillary system technical account); |
| --- | --- |

(53)

“cuntas teicniúil córais choimhdigh um ollsocraíocht fíor-ama” (Real-time gross settlement ancillary system technical account);

Real-time gross settlement ancillary system technical account

| (54) | “iarraidh ar aisghairm“ (recall request); |
| --- | --- |

(54)

“iarraidh ar aisghairm“ (recall request);

recall request

| (55) | “ordú aistrithe leachtacha riailbhunaithe” (rules-based liquidity transfer order); |
| --- | --- |

(55)

“ordú aistrithe leachtacha riailbhunaithe” (rules-based liquidity transfer order);

rules-based liquidity transfer order

| (56) | “grúpa cuntas bainc socraíochta” (settlement bank account group) |
| --- | --- |

(56)

“grúpa cuntas bainc socraíochta” (settlement bank account group)

settlement bank account group

| (57) | “banc socraíochta” (settlement bank); |
| --- | --- |

(57)

“banc socraíochta” (settlement bank);

settlement bank

| (58) | “fionraí“ (suspension); |
| --- | --- |

(58)

“fionraí“ (suspension);

suspension

| (59) | “Cuntas TARGET” (TARGET account); |
| --- | --- |

(59)

“Cuntas TARGET” (TARGET account);

TARGET account

| (60) | “córas comhpháirte de TARGET” (TARGET component system); |
| --- | --- |

(60)

“córas comhpháirte de TARGET” (TARGET component system);

TARGET component system

| (61) | “comhordaitheoir TARGET” (TARGET coordinator); |
| --- | --- |

(61)

“comhordaitheoir TARGET” (TARGET coordinator);

TARGET coordinator

| (62) | “nós imeachta socraíochta córais choimhdigh de Shocraíocht Íocaíochtaí Meandracha TARGET“ (Nós imeachta socraíochta AS TIPS), (TARGET Instant Payment Settlement (TIPS) ancillary system settlement procedure), (TIPS AS settlement procedure); |
| --- | --- |

(62)

“nós imeachta socraíochta córais choimhdigh de Shocraíocht Íocaíochtaí Meandracha TARGET“ (Nós imeachta socraíochta AS TIPS), (TARGET Instant Payment Settlement (TIPS) ancillary system settlement procedure), (TIPS AS settlement procedure);

TARGET Instant Payment Settlement (TIPS) ancillary system settlement procedure), (TIPS AS settlement procedure

| (63) | “cuntas teicniúil chórais choimhdigh de Shocraíocht Íocaíochtaí Meandaracha TARGET” (cuntas theicniúil AS TIPS), (TARGET Instant Payment Settlement (TIPS) ancillary system technical account” (TIPS AS technical account); |
| --- | --- |

(63)

“cuntas teicniúil chórais choimhdigh de Shocraíocht Íocaíochtaí Meandaracha TARGET” (cuntas theicniúil AS TIPS), (TARGET Instant Payment Settlement (TIPS) ancillary system technical account” (TIPS AS technical account);

TARGET Instant Payment Settlement (TIPS) ancillary system technical account” (TIPS AS technical account

| (64) | “bainisteoir socraíochta TARGET“ (TARGET settlement manager); |
| --- | --- |

(64)

“bainisteoir socraíochta TARGET“ (TARGET settlement manager);

TARGET settlement manager

| (65) | “Urrúis-TARGET2” (T2S), (TARGET2-Securities); |
| --- | --- |

(65)

“Urrúis-TARGET2” (T2S), (TARGET2-Securities);

TARGET2-Securities

| (66) | “mífheidhm theicniúil TARGET“ (technical malfunction of TARGET). |
| --- | --- |

(66)

“mífheidhm theicniúil TARGET“ (technical malfunction of TARGET).

technical malfunction of TARGET

Airteagal 3

Córais chomhpháirteanna de TARGET

1.   Tá struchtúr dlíthiúil ar TARGET mar iliomad córas íocaíochta atá comhdhéanta de na córais chomhpháirteanna de TARGET.

2.   Oibríonn gach BC sa Eurochóras a chóras comhpháirte de TARGET féin.

3.   Córas a ainmnítear mar sin faoin reachtaíocht náisiúnta ábhartha lena gcuirtear Treoir 98/26/CE ó Pharlaimint na hEorpa agus ón gComhairle chun feidhme a bheidh i ngach córas comhpháirte deTARGET (4).

4.   Ní áireofar in ainmneacha na gcóras comhpháirteanna de TARGET ach “TARGET” agus ainm nó giorrúchán BC ábhartha an Eurochórais nó giorrúchán an Bhallstáit ina bhfuil an BC sin suite. Tabharfar BCE-TARGET ar chóras comhpháirte de TARGET an BCE.

Airteagal 4

Nasc BCNanna na mBallstát sin nach bhfuil an euro mar airgeadra acu

Ní fhéadfaidh BCNanna na mBallstát nach bhfuil an euro mar airgeadra acu bheith nasctha le TARGET ach amháin má thugann siad comhaontú i gcrích le BCanna an Eurochórais. Sonrófar sa chomhaontú sin go gcomhlíonfaidh na BCNanna nasctha sin an Treoirlíne seo, faoi réir aon sonraíochtaí agus modhnuithe iomchuí a chomhaontaítear go frithpháirteach.

Airteagal 5

Idirbhearta laistigh den CEBC

Próiseálfar idirbhearta atá ainmnithe in euro agus a dhéantar laistigh den Chóras Eorpach Banc Ceannais (CEBC) trí TARGET, seachas íocaíochtaí a chomhaontaíonn na BCanna go déthaobhach a phróseáil trí chuntais chomhfhreagracha, más iomchuí.

Airteagal 6

Oibleagáidí agus éilimh laistigh den Eurochóras

1.   Déanfar aon socrú d’orduithe aistrithe airgid idir rannpháirtithe i gcórais éagsúla comhpháirteacha TARGET a chomhiomlánú go huathoibríoch agus beidh siad mar chuid d’oibleagáid nó d’éileamh aonair de gach NBC an limistéir euro i leith an BCE mar atá leagtha amach i gcomhaontú idir BCNanna an Eurochórais. Déanfar aon éileamh nó oibleagáid gach aon BC an limistéir euro i leith an BCE a choigeartú ar bhonn laethúil trí úsáid a bhaint as deilte iarmhéideanna deireadh lae gach cuntas TARGET atá i leabhair NBC an limistéir euro faoi seach.

2.   Coinneoidh gach BCN an limistéir euro cuntas chun a oibleagáid nó a éileamh i leith an BCE a eascróidh as socraíocht íocaíochtaí idir córais chomhpháirteanna de TARGET2 a thaifeadadh.

3.   Osclóidh an BCE cuntas ina leabhair do gach BCN an limistéir euro d’fhonn léiriú a dhéanamh ag deireadh an lae ar oibleagáid nó ar éileamh an BCN sin de limistéar an euro i leith an BCE.

ROINN II

RIALACHAS

Airteagal 7

Leibhéil rialachais

1.   Gan dochar d’Airteagal 8 de Reacht an Chórais Eorpaigh Banc Ceannais agus an Bhainc Ceannais Eorpaigh (dá ngairtear “Reacht an CEBC” anseo feasta), beidh bainistíocht TARGET bunaithe ar scéim rialachais trí leibhéal. Tá na cúraimí a shanntar don Chomhairle Rialaithe (Leibhéal 1), don chomhlacht bainistíochta teicniúil agus oibríochtúil Leibhéal 2 agus do na BCNanna Leibhéal 3 leagtha síos in Iarscríbhinn I.

2.   Beidh an Chomhairle Rialaithe freagrach as treorú, bainistiú agus rialú TARGET. Tagann na cúraimí a shanntar do Leibhéal 1 faoi inniúlacht eisiach na gComhairle Rialaithe.

3.   De réir an tríú fomhír d’Airteagal 12.1 de Reacht an BCE, beidh BCanna an Eurochórais freagrach as na cúraimí a shanntar do Leibhéal 2, laistigh den chreat ginearálta arna sainiú ag an gComhairle Rialaithe. Bhunaigh an Chomhairle Rialaithe comhlacht Leibhéal 2 agus chuir BCanna an Eurochórais cúraimí bainistíochta teicniúla agus oibríochtiúla áirithe a bhaineann le TARGET ar a iontaibh.

4.   Eagróidh BCanna an Eurochórais iad féin trí chomhaontuithe iomchuí a thabhairt i gcrích.

5.   I gcomhréir leis an tríú fomhír d’Airteagal 12.1 de Reacht an CEBC, beidh BCNanna Leibhéal 3 freagrach as na cúraimí a shanntar do Leibhéal 3, laistigh den chreat ginearálta arna shainiú ag an gComhairle Rialaithe.

6.   Déanfaidh na BCNanna Leibhéal 3 comhaontuithe a thabhairt i gcrích le BCanna an Eurochórais lena rialaítear soláthar seirbhísí ón BCNanna Leibhéal 3. Áireofar na BCNanna bainteacha sna comhaontuithe sin freisin, mar is iomchuí.

7.   Déanfaidh an tEurochóras, mar sholáthraí seirbhísí T2S, agus BCanna sa Eurochórais mar oibreoirí a gcórais chomhpháirteanna de TARGET náisiúnta faoi seach comhaontú a thabhairt i gcrích lena rialaítear na seirbhísí atá le soláthar ag an Eurochóras do na BCanna maidir le hoibriú DCAnna T2S. Déanfaidh na BCNanna bainteacha comhaontuithe den sórt sin freisin, mar is iomchuí.

ROINN III

OIBRIÚ TARGET

Airteagal 8

Deasc tacaíochta córais

Bunóidh agus cothabhálfaidh gach aon BC sa Eurochóras deasc tacaíochta córais chun cabhrú le rannpháirtithe a gcóras chomhpháirte de TARGET náisiúnta faoi seach. Soláthrófar an deasc tacaíochta idir 07:00 CET agus 18:15 CET ar a laghad. Leathnófar é seo go 18:30 CET ar an lá deireanach den tréimhse chothabhála cúlchiste Eurochórais.

Airteagal 9

Coinníollacha comhchuibhithe le haghaidh rannpháirtíochta i TARGET

1.   Glacfaidh gach BCN an limistéir euro socruithe chun na Coinníollacha Comhchuibhithe le haghaidh rannpháirtíochta i TARGET mar atá leagtha síos in Iarscríbinn I agus ionas go mbeidh an bhrí a shanntar dóibh in Iarscríbhinn III acu, má tá siad liostaithe in Iarscríbhinn III freisin. Rialófar go heisiach leis na socruithe seo an gaol idir BCN ábhartha an limistéir euro agus a rannphairtí maidir le hoscailt agus le hoibriu cuntas TARGET.

2.   Le héifeacht ón 20 Samhain 2023, ní osclóidh BCanna an Eurochórais cuntais seachas cuntais TARGET do rannpháirtithe atá incháilithe chun páirt a ghlacadh i TARGET chun seirbhísí a thagann faoi raon feidhme na Treoirlíne seo a sholáthar, faoi réir na n-eisceachtaí seo a leanas:

| (a) | cuntais do na rannpháirtithe sin atá liostaithe faoi Iarscríbhinn I, Cuid I, Airteagal 4(2), pointí (a) agus (b) de na Coinníollacha Comhchuibhithe maidir le rannpháirtíocht i TARGET; |
| --- | --- |

(a)

cuntais do na rannpháirtithe sin atá liostaithe faoi Iarscríbhinn I, Cuid I, Airteagal 4(2), pointí (a) agus (b) de na Coinníollacha Comhchuibhithe maidir le rannpháirtíocht i TARGET;

| (b) | cuntais ina gcoinnítear cistí idirlae chun críocha taiscí airgid agus aistarraingtí airgid a dhéanamh agus chun na críche sin amháin; |
| --- | --- |

(b)

cuntais ina gcoinnítear cistí idirlae chun críocha taiscí airgid agus aistarraingtí airgid a dhéanamh agus chun na críche sin amháin;

| (c) | cuntais a úsáidtear chun cistí urghafa nó cistí a ghealltar do chreidiúnaí tríú páirtí nó cistí dá dtagraítear in Airteagal 3(1)(d) de Rialachán (AE) Uimh. 2021/378 ón mBanc Ceannais Eorpach (BCE/2021/1) (5) a shealbhú; |
| --- | --- |

(c)

cuntais a úsáidtear chun cistí urghafa nó cistí a ghealltar do chreidiúnaí tríú páirtí nó cistí dá dtagraítear in Airteagal 3(1)(d) de Rialachán (AE) Uimh. 2021/378 ón mBanc Ceannais Eorpach (BCE/2021/1) (5) a shealbhú;

| (d) | cuntais a úsáideann rannpháirtithe i gcórais a oibríonn BCN agus a úsáidtear chun íocaíochtaí meandracha a chomhlíonann an scéim ACS Inst a imréitiú. |
| --- | --- |

(d)

cuntais a úsáideann rannpháirtithe i gcórais a oibríonn BCN agus a úsáidtear chun íocaíochtaí meandracha a chomhlíonann an scéim ACS Inst a imréitiú.

3.   Glacfaidh an BCE Téarmaí agus Coinníollacha BCE-TARGET trí na Coinníollacha Comhchuibhithe maidir le rannpháirtíocht i TARGET2, mar atá leagtha síos in Iarscríbhinn II, a chur chun feidhme.

| (a) | Ní sholáthróidh BCE-TARGET seirbhísí imréitigh agus socraíochta ach d’eagraíochtaí imréitigh agus socraíochta, lena n-áirítear eintitis a bunaíodh lasmuigh den Limistéar Eorpach Eacnamaíoch (LEE), má tá siad faoi réir maoirseachta ag údarás inniúil agus má tá a rochtain ar BCE-TARGET formheasta ag an gComhairle Rialaithe; |
| --- | --- |

(a)

Ní sholáthróidh BCE-TARGET seirbhísí imréitigh agus socraíochta ach d’eagraíochtaí imréitigh agus socraíochta, lena n-áirítear eintitis a bunaíodh lasmuigh den Limistéar Eorpach Eacnamaíoch (LEE), má tá siad faoi réir maoirseachta ag údarás inniúil agus má tá a rochtain ar BCE-TARGET formheasta ag an gComhairle Rialaithe;

| (b) | Ní sholáthróidh BCE-TARGET creidmheas ionlae nó uathsholáthar urrúis chomhthaobhaigh. |
| --- | --- |

(b)

Ní sholáthróidh BCE-TARGET creidmheas ionlae nó uathsholáthar urrúis chomhthaobhaigh.

4.   Poibleofar na socruithe caighdeánacha arna nglacadh ag BCanna sa Eurochóras chun na Coinníollacha Comhchuibhithe le haghaidh rannpháirtíochta i TARGET a chur chun feidhme.

5.   Féadfaidh BCanna sa Eurochóras maoluithe a iarraidh ar na Coinníollacha Comhchuibhithe le haghaidh rannpháirtíochta i TARGET ar bhonn srianta an dlí náisiúnta. Breithneoidh an Chomhairle Rialaithe iarratais den sórt sin ar bhonn cás-ar-chás agus deonóidh sí maoluithe nuair is iomchuí.

6.   Faoi réir an chomhaontaithe airgeadaíochta ábhartha, féadfaidh an BCE coinníollacha iomchuí a chinneadh maidir le rannpháirtíocht i TARGET ag eintitis dá dtagraítear in Iarschríbhinn I, Cuid I, Airteagal 4(2), pointe (e).

7.   Ní cheadóidh BCanna an Eurochóras d’aon eintiteas a bheith ina shealbhóir BIC inteagmhála nó ina pháirtí inrochtana ina gcóras comhpháirte de TARGET má ghníomhaíonn an t-eintiteas seo trí shealbhóir cuntais TARGET atá ina BCN de Bhallstát ach nach BC sa Eurochóras ná BCN bainteach é.

8.   Ní chláróidh BCanna sa Eurochórais sealbhóirí BIC inteagmhála atá incháilithe chun páirt a ghlacadh i TARGET mar atá leagtha amach in Iarscríbhinn I, Cuid I, Airteagal 4, seachas a mbrainsí féin agus na heintitis sin atá liostaithe faoi Iarscríbhinn I, Cuid I, Airteagal 4(2), pointí (a) agus (b).

9.   Cé is moite de rialacha i ndáil le AS, ní chuirfidh BCanna sa Eurochóras aon rialacha breise i bhfeidhm maidir le rannpháirtíocht i TARGET seachas iad siúd atá leagtha amach sna Coinníollacha Comhchuibhithe le haghaidh rannpháirtíochta i TARGET. Ní ghearrfar aon táillí as TARGET a úsáid nó i dtaca leis, seachas na táillí a leagtar amach in Iarscríbhinn I, Foscríbhinnn VI, cé is moite de tháillí a ghearrtar ar sheirbhísí a bhaineann le BCN a chomhbhainistíonn SCA (mar atá leagtha amach in Iarscríbhinn I, Cuid II, Airteagal 2) má thairgeann BCN sa Eurochórais na seirbhísí seo. Urramóidh BCN Eurochórais a thairgeann comhbhainistíocht SCA prionsabal an aisghabhála costas iomláin agus é ag socrú a tháillí ar na seirbhísí seo agus tabharfaidh sé ar aghaidh, ar a laghad, na costais iomlána a eascraíonn as na seirbhísí seo.

10.   Mar mhaolú ar mhír 9, féadfaidh BCNanna Eurochórais rialacha breise a leagan síos maidir le cuntais TARGET a osclaíodh chun cistí a shealbhú a sholáthraítear mar chomhthaobhacht airgid nó atá mar chuid de chomhthiomsú cumhdaigh.

Airteagal 10

Creidmheas ionlae — Uathsholáthar urrúis chomhthaobhaigh

1.   Féadfaidh BCNanna an limistéir euro creidmheas idirlae a thabhairt do rannpháirtí. Ní fhéadfar creidmheas idirlae a dheonú ach ar a phríomh-SCA agus i gcomhréir leis na socruithe lena gcuirtear i bhfeidhm na rialacha maidir le creidmheas ionlae a sholáthar a leagtar síos in Iarscríbhinn I, Cuid II. Ní dheonófar aon chreidmheas idirlae do rannpháirtí a bhfuil a cháilitheacht mar chontrapháirtí d’oibríochtaí beartais airgeadaíochta an Eurochórais curtha ar fionraí nó a bhfuil deireadh curtha leis.

2.   Tar éis dóibh iarratas a fháil ó rannpháirtí a bhfuil rochtain aige ar chreidmheas ionlae, tairgfidh BCNanna an limistéir euro saoráid uathsholáthar urrúis chomhthaobhaigh ar DCAnna T2S, ar choinníoll go ndéantar é seo i gcomhréir leis na Coinníollacha um Oibríochtaí Uath-sholáthar urrúis chomhthaobhaigh a leagtar síos in Iarscríbhinn I, Cuid IV.

3.   Ní bheidh rannpháirtithe atá faoi réir bearta sriantacha arna nglacadh ag Comhairle an Aontais Eorpaigh nó ag na Ballstáit de bhun Airteagal 65(1), pointe (b), Airteagal 75 nó Airteagal 215 den Conradh, a bhfuil a gcur chun bhfeidhme, dar le BCN ábhartha an limistéir euro agus tar éis an BCE a chur ar an eolas, neamh-chomhoiriúnach le feidhmiú rianúil TARGET, incháilithe le haghaidh creidmheasa idirlae nó uath-sholáthar urrúis chomhthaobhaigh.

4.   Féadfaidh BCNanna an limistéir euro creidmheas ionlae a dheonú do AS mar a leagtar amach in Iarscríbhinn I, Cuid II, Airteagal 10(2), pointe (d) ar choinníoll gur cuireadh na socruithe faoi bhráid na Comhairle Rialaithe roimh ré agus go mbeidh siad formheasta ag an gComhairle Rialaithe.

5.   Féadfaidh BCNanna an limistéir euro creidmheas thar oíche a dheonú do chontrapháirtithe lárnacha incháilithe áirithe (CPLanna), faoi na coinníollacha atá leagtha amach in Iarscríbhinn I, Cuid II, Airteagal 10(5), ar choinníoll gur cuireadh an iarraidh faoi bhráid na Comhairle Rialaithe roimh ré agus go mbeidh sí formheasta ag an gComhairle Rialaithe.

6.   Féadfaidh an Chomhairle Rialaithe, ar thogra ó BCN ábhartha an limistéir euro, na ranna cisteáin dá dtagraítear in Iarscríbhinn I, Cuid II, Airteagal 10(2), pointe (b) a dhíolmhú ón gceanglas comhthaobhacht leordhóthanach a sholáthar sula bhfaigheann siad creidmheas ionlae.

7.   I gcás ina gcinneann BCN an limistéir euro rochtain rannpháirtí ar chreidmheas idirlae nó ar uath-sholáthar urrúis chomhthaobhaigh a chur ar fhionraí, a theorannú nó a fhoirceannadh, ar fhorais stuamachta mar atá leagtha amach in Iarscríbhinn I, Cuid II, Airteagal 13(1), pointe (c) nó Iarscríbhinn I , Cuid IV, Airteagal 11, faoi seach, tabharfaidh sí fógra i scríbhinn láithreach don BCE agus do BCNanna eile an limistéir euro agus do BCNanna bainteacha. Nuair is iomchuí, déanfaidh an Chomhairle Rialaithe cinneadh maidir le cur chun feidhme aonfhoirmeach na mbeart arna nglacadh i ngach córas comhpháirte de TARGET.

8.   Má dhéantar rochtain contrapháirtí ar ionstraimí beartais airgeadaíochta a fhionraí, a theorannú nó a eisiamh ar fhorais stuamachta nó ar shlí eile i gcomhréir leis na forálacha náisiúnta lena gcuirtear chun feidhme Airteagal 158 de Threoirlíne (AE) 2015/510 ón mBanc Ceannais Eorpach (BCE/2014/60) (6), déanfaidh BCN ábhartha an limistéir euro an cinneadh sin a chur chun feidhme maidir le rochtain ar chreidmheas ionlae, de bhun forálacha sna socruithe conarthacha nó rialúcháin arna gcur i bhfeidhm ag BCN ábhartha an limistéir euro.

9.   I gcás ina gcinneann BCN an limistéir euro rochtain chontrapháirtí bheartas airgeadaíochta an Eurochórais ar shaoráidí creidmheasa idirlae nó a chur ar fionraí, a uath-sholáthar urrúis chomhthaobhaightheorannú nó a fhoirceannadh i gcomhréir le hIarscríbhinn I, Cuid II, Airteagal 13(1) nó Iarscríbhinn I, Cuid IV, Airteagal 11, faoi seach, ní thiocfaidh an cinneadh sin i bhfeidhm go dtí go mbeidh sé ceadaithe ag Comhairle Rialaithe BCE.

10.   De mhaolú ó mhír 9, in imthosca práinneacha, féadfaidh BCN an limistéir euro rochtain chontrapháirtí bheartas airgeadaíochta an Eurochórais ar shaoráidí creidmheasa agus/nó uathchomhthaobhachta ionlae a chur ar fionraí le héifeacht láithreach. I gcásanna den sórt sin tabharfaidh BCN an limistéir euro lena mbaineann fógra i scríbhinn don Chomhairle Rialaithe BCE láithreach. Beidh sé de chumhacht ag an gComhairle Rialaithe BCE gníomh BCN an limistéir euro a aisiompú. Mar sin féin, mura gcuireann Comhairle Rialaithe BCE fógra do BCN an limistéir euro faoin aisiompú sin laistigh de 10 lá gnó tar éis don BCE fógra a fháil, measfar gur cheadaigh Comhairle Rialaithe an BCE gníomh BCN an limistéir euro.

11.   Féadfaidh Comhairle Rialaithe an BCE a chinneadh na pionóis a leagtar amach in Iarscríbinn I, Cuid II, Airteagal 12(4) a tharscaoileadh nó a laghdú má tá iarmhéid dochair an eintitis i dtrácht ag deireadh an lae inchurtha i leith force majeure agus/nó mífheidhme teicniúil ar TARGET, an téarma deiridh mar a shainmhínítear in Iarscríbhinn III.

Airteagal 11

Coinníollacha breise le haghaidh AS

1.   I dteannta fhorálacha Airteagal 9(1) go (9), beidh feidhm ag an méid seo a leanas maidir leis an gcaidreamh idir BC sa Eurochóras ábhartha agus an AS lena n-áirítear ASanna a oibríonn BCanna sa Eurochóras.

2.   Soláthróidh BCanna sa Eurochóras seirbhísí aistrithe cistí in airgead bainc cheannais don AS atá ag gníomhú sa cháil sin. Tairgfear na seirbhísí seo trí cheachtar acu:

| (a) | an nós imeachta um Shocraíocht AS TIPS chun tacú le socraíocht íocaíochtaí meandracha de bhun na scéime ACS Inst nó íocaíochtaí beagnach meandracha i leabhair an AS; nó |
| --- | --- |

(a)

an nós imeachta um Shocraíocht AS TIPS chun tacú le socraíocht íocaíochtaí meandracha de bhun na scéime ACS Inst nó íocaíochtaí beagnach meandracha i leabhair an AS; nó

| (b) | Nósanna Imeachta Socraíochta AS RTGS do gach cás gnó eile. |
| --- | --- |

(b)

Nósanna Imeachta Socraíochta AS RTGS do gach cás gnó eile.

3.   Féadfaidh BCanna sa Eurochóras, go heisceachtúil agus tar éis cead a fháil ón gcomhlacht Leibhéal 2 dá dtagraítear in Iarscríbhinn II, úsáid DCA RTGS ag AS a fhorcheadú ach amháin maidir le socraíocht íocaíochtaí meandracha de bhun na scéime ACS Inst. Beidh iarraidh réasúnaithe ón AS de dhíth le haghaidh iarratais ar chead. Má dheonaítear an iarraidh beidh feidhm ag an bpraghsáil atá leagtha amach in Iarscríbhinn I, Foscríbhinn VI, mír 4.

4.   Osclóidh gach BC sa Eurochóras fochuntas ar iarratas le haghaidh aon bhainc um shocraíochtaí a bhfuil DCA RTGS aige dó nuair a ghlacann AS an bhainc um shocraíochtaí páirt i gcóras comhpháirte de TARGET an BCN sin sa Eurochóras nó i gcóras comhpháirte de TARGET difriúil.

5.   Féadfaidh BCanna sa Eurochóras, de bharr na gcoinníollacha sin in Iarscríbhinn I, coinníollacha a leagan síos maidir le rannpháirtíocht AS i TARGET a bhaineann le:

| (a) | leanúnachas gnó agus nósanna imeachta teagmhasachta; |
| --- | --- |

(a)

leanúnachas gnó agus nósanna imeachta teagmhasachta;

| (b) | cineál na teidlíochta ar chistí a choinnítear ar chuntas TARGET i gcás nach leis an AS na cistí a choinnítear; |
| --- | --- |

(b)

cineál na teidlíochta ar chistí a choinnítear ar chuntas TARGET i gcás nach leis an AS na cistí a choinnítear;

| (c) | cearta gealltáin agus fritháirimh na BCanna ar chuntais TARGET atá i seilbh an AS nó thar a cheann; |
| --- | --- |

(c)

cearta gealltáin agus fritháirimh na BCanna ar chuntais TARGET atá i seilbh an AS nó thar a cheann;

| (d) | bailiú agus dáileadh úis fabhraithe; |
| --- | --- |

(d)

bailiú agus dáileadh úis fabhraithe;

| (e) | ceanglais rialála (lena n-áirítear maoirseacht) ar bhainc socraíochta AS nó ar AS (lena n-áirítear iad siúd a chuireann rialtóirí eachtracha i bhfeidhm); |
| --- | --- |

(e)

ceanglais rialála (lena n-áirítear maoirseacht) ar bhainc socraíochta AS nó ar AS (lena n-áirítear iad siúd a chuireann rialtóirí eachtracha i bhfeidhm);

| (f) | malartú faisnéise chun comhlíonadh le beartas an Eurochórais a fhíorú. |
| --- | --- |

(f)

malartú faisnéise chun comhlíonadh le beartas an Eurochórais a fhíorú.

6.   Déanfaidh BCanna sa Eurochóras faisnéis a mhalartú maidir le haon teagmhas suntasach le linn phróiseas socraíochta AS.

Airteagal 12

Maoiniú agus modheolaíocht costais

1.   Cinnfidh an Chomhairle Rialaithe na rialacha is infheidhme maidir le maoiniú TARGET.

2.   Cinnfidh an Chomhairle Rialaithe an struchtúr praghsála do TARGET ag baint úsáide as modheolaíocht costais chomhchoiteann an Eurochórais.

Airteagal 13

Forálacha slándála

Comhlíonfaidh BCanna sa Eurochóras bearta a shonróidh an Chomhairle Rialaithe lena leagtar amach na beartais slándála agus na ceanglais slándála agus na rialuithe slándála is infheidhme maidir le TARGET, lena n-áirítear i ndáil le cibear-athléimneacht agus slándáil faisnéise.

Airteagal 14

Rialacha iniúchóireachta

Déanfar measúnuithe iniúchóireachta i gcomhréir leis na prionsabail agus na socruithe atá leagtha amach i mBeartas Iniúchóireachta CEBC na gComhairle Rialaithe

Airteagal 15

Oibleagáidí i gcás fionraí nó foirceanta

1.   Déanfaidh BCanna sa Eurochóras rannpháirtíocht rannpháirtí sa chóras comhpháirte de TARGET ábhartha a fhoirceannadh nó a fhionraí láithreach, gan fógra a thabhairt roimh ré, más rud é:

| (a) | go n-osclaítear imeachtaí dócmhainneachta i ndáil le rannpháirtí; nó |
| --- | --- |

(a)

go n-osclaítear imeachtaí dócmhainneachta i ndáil le rannpháirtí; nó

| (b) | nach gcomhlíonann rannpháirtí na critéir rochtana maidir le rannpháirtíocht sa chóras comhpháirtech TARGET ábhartha a thuilleadh. |
| --- | --- |

(b)

nach gcomhlíonann rannpháirtí na critéir rochtana maidir le rannpháirtíocht sa chóras comhpháirtech TARGET ábhartha a thuilleadh.

2.   Má dhéanann BC sa Eurochóras rannpháirtíocht rannpháirtí i TARGET a fhionraí nó a fhoirceannadh i gcomhréir le mír 1 nó ar fhorais stuamachta i gcomhréir le hAirteagal 17, tabharfaidh sé fógra láithreach do gach BC eile sa Eurochóras, ag soláthar gach ceann díobh seo a leanas:

| (a) | ainm agus BIC an rannpháirtí; |
| --- | --- |

(a)

ainm agus BIC an rannpháirtí;

| (b) | an fhaisnéis a raibh cinneadh BCN an limistéir euro bunaithe uirthi, lena n-áirítear aon fhaisnéis nó tuairim a fuarthas ón údarás maoirseachta ábhartha; |
| --- | --- |

(b)

an fhaisnéis a raibh cinneadh BCN an limistéir euro bunaithe uirthi, lena n-áirítear aon fhaisnéis nó tuairim a fuarthas ón údarás maoirseachta ábhartha;

| (c) | an beart a glacadh agus tréimhse ama beartaithe lena chur i bhfeidhm. |
| --- | --- |

(c)

an beart a glacadh agus tréimhse ama beartaithe lena chur i bhfeidhm.

Déanfaidh gach BC sa Eurochóras, má iarrann BC eile sa Eurochóras amhlaidh, faisnéis a mhalartú i ndáil leis an rannpháirtí sin, lena n-áirítear faisnéis maidir le orduithe aistrithe airgid a dhírítear air.

3.   Glacfaidh BC sa Eurochóras a chuir deireadh le rannpháirtíocht rannpháirtí ina chóras comhpháirteach TARGET nó a chuir ar fionraí í, i gcomhréir le mír 1, dliteanas air féin i ndáil le BCanna eile sa Eurochóras más rud é:

| (a) | ina dhiaidh sin, go n-údaraíonn sé socraíocht orduithe airgid a dhírítear ar rannpháirtithe a bhfuil a rannpháirtíocht curtha ar fionraí nó foirceanta aige; nó |
| --- | --- |

(a)

ina dhiaidh sin, go n-údaraíonn sé socraíocht orduithe airgid a dhírítear ar rannpháirtithe a bhfuil a rannpháirtíocht curtha ar fionraí nó foirceanta aige; nó

| (b) | nach gcomhlíonann sé leis na hoibleagáidí i míreanna 1 agus 2. |
| --- | --- |

(b)

nach gcomhlíonann sé leis na hoibleagáidí i míreanna 1 agus 2.

4.   Ní dhéanfaidh BC sa Eurochóras a chuir rannpháirtíocht rannpháirtí ina chóras comhpháirteach TARGET ar fionraí de bhun mhír 1(a) íocaíochtaí ón rannpháirtí sin a phróiseáil ach amháin ar threoracha a ionadaithe, lena n-áirítear iad siúd arna gceapadh ag údarás inniúil nó cúirt, amhail riarthóir dócmhainneachta an rannpháirtí, nó de bhun cinnidh infhorghníomhaithe ó údarás inniúil nó ó chúirt a sholáthraíonn treoracha maidir leis an gcaoi a ndéanfar na híocaíochtaí a phróiseáil. Diúltóidh BC sa Eurochóras do gach ordú aistrithe airgid atá ag dul amach ó DCA(nna) TIPS rannpháirtí ar fionraí.

Airteagal 16

Nósanna imeachta maidir le diúltú iarratais ar rannpháirtíocht i TARGET ar fhorais stuamachta

Más rud é, de bhun Iarscrbhínn I, Cuid I, Airteagal 5(5)(c), go ndiúltaíonn BC sa Eurochóras iarratas a bheith rannpháirteach i TARGET ar fhorais stuamachta, cuirfidh BC sin an Eurochórais BCanna eile sa Eurochórais ar an eolas go pras faoin diúltú sin.

Airteagal 17

Nósanna imeachta maidir le fionraí, teorannú nó foirceannadh rannpháirtíochta i TARGET agus maidir le rochtain ar chreidmheas ionlae agus ar uath-sholáthar urrúis chomhthaobhaigh ar fhorais stuamachta.

1.   Más rud é, ar fhorais stuamachta, go ndéanann BCN an limistéir euro rochtain rannpháirtí ar chreidmheas ionlae a fhionraí, a theorannú nó a fhoirceannadh de bhun Iarscríbhinn I, Cuid II, Airteagal 13(1), pointe (c) nó rochtain ar uathsholáthar urrúis chomhthaobhaigh a fhionraí, a theorannú nó a fhoirceannadh de bhun Iarscríbhinn I, Cuid IV, Airteagal 11 nó go ndéanann BC an Eurochórais rannpháirtíocht rannpháirtí i TARGET a fhionraí nó a fhoirceannadh de bhun Iarscríbhinn I, Cuid I, Airteagal 25(2), pointe (e), beidh éifeacht leis an gcinneadh, a mhéid is féidir, ag an am céanna i ngach córas comhpháirte de TARGET2.

2.   Soláthróidh BCN an limistéir euro an fhaisnéis dá dtagraítear in Airteagal 15(2) go pras do na húdaráis mhaoirseachta ábhartha i mBallstát BCN an limistéir euro agus iarrfaidh sé orthu faisnéis a chomhroinnt le húdaráis mhaoirseachta na mBallstát eile ina bhfuil fochuideachta nó brainse ag an rannpháirtí. Agus an cinneadh de bhun mhír 1 á chur san áireamh, deanfaidh BCNanna eile an limistéir euro gníomhaíocht iomchuí agus soláthróidh siad faisnéis faoi sin don BCE go pras.

3.   Féadfaidh Bord Feidhmiúcháin an BCE a mholadh don Chomhairle Rialaithe aon chinntí a dhéanamh d’fhonn a chinntiú go gcuirfear na bearta a glacadh de bhun mhíreanna 1 agus 2 i bhfeidhm go haonfhoirmeach.

4.   Cuirfidh BCNanna an limistéir euro sna Ballstáit ina bhfuil an cinneadh le cur i bhfeidhm an rannpháirtí ar an eolas faoin gcinneadh, agus glacfaidh siad gach beart cur chun feidhme is gá.

Airteagal 18

Nósanna imeachta maidir le comhar ag BCanna sa Eurochóras i ndáil le bearta riaracháin nó sriantacha

Maidir le cur i bhfeidhm Iarscríbhinn I, Cuid I, Airteagal 29(3):

| 1. | roinnfidh aon BC sa Eurochóras gach faisnéis a fhaigheann sé i ndáil le hordú íocaíochta beartaithe go pras le BCanna uile a bhféadfadh tionchar a bheith orthu mar thoradh air, seachas orduithe um aistriú leachtacha idir cuntais éagsúla an rannpháirtí chéanna; |
| --- | --- |

1.

roinnfidh aon BC sa Eurochóras gach faisnéis a fhaigheann sé i ndáil le hordú íocaíochta beartaithe go pras le BCanna uile a bhféadfadh tionchar a bheith orthu mar thoradh air, seachas orduithe um aistriú leachtacha idir cuntais éagsúla an rannpháirtí chéanna;

| 2. | déanfaidh aon BC sa Eurohóras a fhaigheann fianaise ó rannpháirtí go ndearnadh fógra chuig aon údarás inniúil, nó go bhfuarthas toiliú uaidh, an fhianaise sin a tharchur go pras chuig aon BC eile a ghníomhaíonn mar sholáthraí seirbhíse íocaíochta an íocóra nó an íocaí de réir mar is cuí; |
| --- | --- |

2.

déanfaidh aon BC sa Eurohóras a fhaigheann fianaise ó rannpháirtí go ndearnadh fógra chuig aon údarás inniúil, nó go bhfuarthas toiliú uaidh, an fhianaise sin a tharchur go pras chuig aon BC eile a ghníomhaíonn mar sholáthraí seirbhíse íocaíochta an íocóra nó an íocaí de réir mar is cuí;

| 3. | cuirfidh BC sa Eurochóras atá ag gníomhú mar sholáthraí seirbhíse íocaíochta an íocóra in iúl go pras don íocóir ansin gur féidir leis ordú ábhartha um aistriú airgid a iontráil i TARGET. |
| --- | --- |

3.

cuirfidh BC sa Eurochóras atá ag gníomhú mar sholáthraí seirbhíse íocaíochta an íocóra in iúl go pras don íocóir ansin gur féidir leis ordú ábhartha um aistriú airgid a iontráil i TARGET.

Airteagal 19

Nósanna imeachta leanúnachais gnó agus teagmhasachta

1.   Má tharlaíonn teagmhas a dhéanann difear do ghnáthoibriú TARGET, tabharfaidh BC sa Eurochóras lena mbaineann fógra láithreach do chomhordaitheoir TARGET, agus cinnfidh an chomhordaitheoir sin, in éineacht le bainisteoir socraíochta BC sa Eurochóras lena mbaineann ar na céimeanna eile is gá a ghlacadh.

2.   Déanfaidh BCanna sa Eurochóras mainneachtain atá nasctha le rannpháirtí dá dtagraítear in Iarscríbhinn I Aguisín IV, mír 2.4, 3.3 nó 4.2 a thuairisciú do chomhordaitheoir TARGET tráth nach déanaí ná 30 nóiméad tar éis thús na mainneachtana nó ar an gcéad deis tar éis dóibh an mhainneachtain a bhrath dá bhféadfadh an mhainneachtain sin dul i bhfeidhm ar oibriú TARGET nó riosca sistéamach a chruthú nó má tá an rannpháirtí ainmnithe mar rannpháirtí criticiúil ag BCanna sa Eurochóras ar bhonn critéar a dhéantar a nuashonrú go tréimhsiúil agus a fhoilsiú ar shuíomh gréasáin an BCE.

3.   In imthosca eisceachtúla, féadfaidh BCanna an Eurochórais cinneadh a dhéanamh sceideal oibriúcháin TARGET a athrú ar chúiseanna lena n-áirítear ach gan a bheith teoranta do mhainneachtain a dhéanann difear do AS. Déanfaidh BCanna an Eurochórais an cinneadh sin i dteannta a chéile.

4.   I gcás aon imeachtaí eile a d’fhéadfadh tionchar a bheith acu ar ghnáthfheidhmiú TARGET, déanfaidh BC an Eurochórais lena mbaineann faireachán agus bainistíocht ar imeachtaí den sórt sin d’fhonn cosc a chur ar aon iarmhairt ar fheidhmiú rianúil TARGET.

5.   Coinneoidh BCanna an Eurochórais nasc leis an Réiteach Teagmhasachta a choinneáil.

Airteagal 20

An chaoi ina ndéileálfar le héilimh faoi scéim cúitimh TARGET

1.   Mura gcinnfidh an Chomhairle Rialaithe a mhalairt, déanfar an nós imeachta cúitimh a leagtar amach in Iarscríbhinn I, Foscríbhinnn II a bhainistiú i gcomhréir leis an Airteagal seo.

2.   Déanfaidh BC an rannpháirtí a chuireann isteach an t-éileamh ar chúiteamh an t-éileamh sin a mheas ar bhonn réamhshuime agus déanfaidh sé cumarsáid leis an rannpháirtí maidir leis an measúnú sin. Nuair is gá chun éilimh a mheas, tabharfaidh BCanna eile lena mbaineann cúnamh don BC sin. Cuirfidh an BC ábhartha an BCE agus gach BC eile lena mbaineann ar an eolas a luaithe is a bheidh sé féin ar an eolas faoi éilimh atá ar feitheamh.

3.   Laistigh de naoi seachtaine tar éis mífheidhmiú teicniúil TARGET, ullmhóidh BC an rannpháirtí a chuir isteach an t-éileamh réamhthuarascáil mheasúnaithe ina mbeidh measúnú BC ar na héilimh a fuarthas agus cuirfidh sé faoi bhráid an BCE agus gach BC eile lena mbaineann í.

4.   Laistigh de chúig seachtaine tar éis na réamhthuarascála mheasúnaithe a fháil, déanfaidh an Chomhairle Rialaithe an measúnú deiridh ar gach éileamh a fuarthas, agus cinnfidh sí ar na tairiscintí cúitimh atá le déanamh do na rannpháirtithe i gceist. Laistigh de chúig lá gnó tar éis an measúnú deiridh a bheith críochnaithe, cuirfidh an BCE toradh an mheasúnaithe deiridh in iúl do na BCanna lena mbaineann. Cuirfidh na BCanna sin a gcuid rannpháirtithe ar an eolas go pras faoi thoradh an mheasúnaithe deiridh agus, nuair is infheidhme, faoi shonraí na tairisceana cúitimh, mar aon leis an bhfoirm arb éard í an litir ghlactha.

5.   Laistigh de dhá sheachtain tar éis dul in éag don tréimhse dá dtagraítear san abairt dheiridh d’Iarscríbhinn I, Aguisín II, mír 4(d), cuirfidh an BC an BCE agus gach BC eile lena mbaineann ar an eolas faoi na tairiscintí cúitimh ar glacadh leo agus cé na tairiscintí cúitimh ar diúltaíodh dóibh.

6.   Cuirfidh na BCanna an BCE ar an eolas faoi aon éileamh a chuireann a gcuid rannpháirtithe faoina mbráid agus atá lasmuigh de raon feidhme scéim chúitimh TARGET, ach a bhaineann le mífheidhm theicniúil TARGET.

Airteagal 21

An chaoi ina ndéileálfar le caillteanais mar gheall ar mhífheidhm theicniúil TARGET

1.   I gcás mífheidhmiú theicniúil TARGET:

| (a) | Ar thaobh an íocóra, baineann aon BC, a bhfuil íocóir tar éis taisce a chur leis, sochar as gnóthachain airgeadais áirithe arb ionann iad agus an difríocht idir ráta phríomhoibríochtaí athmhaoiniúcháin an Eurochórais agus an ráta taisce a chuirtear i bhfeidhm ar an méadú imeallach ar úsáid shaoráid taisce an Eurochórais ar feadh tréimhse mhífheidhm theicniúil TARGET agus suas go dtí méid na n-orduithe airgid neamhshocraithe. I gcás go bhfágtar cistí barrachais neamhchúitithe ag an íocóir, is ionann na gnóthachain airgeadais agus ráta phríomhoibríochtaí athmhaoiniúcháin an Eurochórais, a chuirtear i bhfeidhm ar mhéid na gcistí barrachais neamhúsmhara ar feadh tréimhse mhífheidhm theicniúil TARGET agus suas go dtí méid na n-orduithe airgid neamhshocraithe. |
| --- | --- |

(a)

Ar thaobh an íocóra, baineann aon BC, a bhfuil íocóir tar éis taisce a chur leis, sochar as gnóthachain airgeadais áirithe arb ionann iad agus an difríocht idir ráta phríomhoibríochtaí athmhaoiniúcháin an Eurochórais agus an ráta taisce a chuirtear i bhfeidhm ar an méadú imeallach ar úsáid shaoráid taisce an Eurochórais ar feadh tréimhse mhífheidhm theicniúil TARGET agus suas go dtí méid na n-orduithe airgid neamhshocraithe. I gcás go bhfágtar cistí barrachais neamhchúitithe ag an íocóir, is ionann na gnóthachain airgeadais agus ráta phríomhoibríochtaí athmhaoiniúcháin an Eurochórais, a chuirtear i bhfeidhm ar mhéid na gcistí barrachais neamhúsmhara ar feadh tréimhse mhífheidhm theicniúil TARGET agus suas go dtí méid na n-orduithe airgid neamhshocraithe.

| (b) | Ar thaobh an íocaí, baineann an BC a bhfuil an t-íocaí ar iasacht uaidh trí úsáid a bhaint as an tsaoráid iasachta imeallach sochar as gnóthachain airgeadais áirithe arb ionann iad agus an difríocht idir an ráta saoráide iasachta imeallach agus ráta phríomhoibríochtaí athmhaoiniúcháin an Eurochórais a chuirtear i bhfeidhm ar an méadú imeallach ar úsáid na saoráide iasachta imeallaí ar feadh tréimhse mhífheidhm theicniúil TARGET agus suas go dtí méid na n-orduithe íocaíochta neamhshocraithe. |
| --- | --- |

(b)

Ar thaobh an íocaí, baineann an BC a bhfuil an t-íocaí ar iasacht uaidh trí úsáid a bhaint as an tsaoráid iasachta imeallach sochar as gnóthachain airgeadais áirithe arb ionann iad agus an difríocht idir an ráta saoráide iasachta imeallach agus ráta phríomhoibríochtaí athmhaoiniúcháin an Eurochórais a chuirtear i bhfeidhm ar an méadú imeallach ar úsáid na saoráide iasachta imeallaí ar feadh tréimhse mhífheidhm theicniúil TARGET agus suas go dtí méid na n-orduithe íocaíochta neamhshocraithe.

2.   Is ionann gnóthachain airgeadais an BCE:

| (a) | an tuilleamh i ndáil leis na BCNanna bainteacha a eascraíonn as luach saothair éagsúil iarmhéideanna deiridh lae na BCNanna bainteacha sin i ndáil leis an BCE; agus |
| --- | --- |

(a)

an tuilleamh i ndáil leis na BCNanna bainteacha a eascraíonn as luach saothair éagsúil iarmhéideanna deiridh lae na BCNanna bainteacha sin i ndáil leis an BCE; agus

| (b) | méid an úis phionósaigh a fhaigheann an BCE ó BCNanna bainteacha aon uair a ghearrann ceann de na BCNanna bainteacha sin pionós ar rannpháirtí mar gheall ar mhainneachtain creidmheas ionlae a aisíoc in am, mar a fhoráiltear sa chomhaontú idir BCanna an Eurochórais agus na BCNanna bainteacha. |
| --- | --- |

(b)

méid an úis phionósaigh a fhaigheann an BCE ó BCNanna bainteacha aon uair a ghearrann ceann de na BCNanna bainteacha sin pionós ar rannpháirtí mar gheall ar mhainneachtain creidmheas ionlae a aisíoc in am, mar a fhoráiltear sa chomhaontú idir BCanna an Eurochórais agus na BCNanna bainteacha.

3.   Déanfaidh na BCanna na gnóthachain airgeadais dá dtagraítear i míreanna 1 agus 2 a chomhthiomsú agus úsáidfear an méid comhthiomsaithe mar thoradh ar sin chun na BCanna sin a thabhaíonn na costais a bhaineann lena rannpháirtithe a chúiteamh a aisíoc. Déanfar aon ghnóthachain airgeadais nó costais a thabhóidh na BCanna as a gcuid rannpháirtithe a chúiteamh a roinnt i measc BCanna an Eurochórais de réir an scála le haghaidh shuibscríobh chaipiteal BCE.

Airteagal 22

Cearta slándála i ndáil le cistí ar fhochuntais agus le ráthaíocht in-Eurochórais

1.   Chun críocha orduithe aistrithe AS a bhaineann le nós imeachta socraíochta C AS RTGS, áiritheoidh aon BC an Eurochórais a bhfuil fochuntais dá shealbhóirí DCA RTGS oscailte aige, nach féidir na hiarmhéideanna ar na fo-chuntais sin (lena n-áirítear méaduithe nó laghduithe ar an iarmhéid sin a eascraíonn as íocaíochtaí socraíochta traschórais a chreidiúnú nó a dhochar chuig an bhfo-chuntas nó uaidh nó ó chreidiúnú aistrithe leachtachta chuig an bhfo-chuntas) tráth a chuireann an AS tús le timthriall socraíochta a úsáid ach amháin chun orduithe aistrithe AS a bhaineann leis an nós imeachta socraíochta C AS RTGS sin a shocrú. Is é sin an cás in ainneoin aon imeachtaí dócmhainneachta maidir leis an sealbhóir ábhartha DCA RTGS agus in ainneoin aon bheart forfheidhmithe aonair a bhaineann le fochuntas shealbhóir sin an DCA RTGS.

2.   Gach uair a aistrítear leachtacht go fochuntas shealbhóir DCA RTGS agus i gcás nach é BC an Eurochórais BC an AS, deimhneoidh BC an Eurochórais sin, ar chumarsáid ón AS (trí theachtaireacht “tús timthrialla”) iarmhéid an fhochuntais don AS ábhartha agus é sin á dhéanamh dó, ráthaíocht íocaíochta suas go dtí méid an iarmhéid áirithe seo a thabhairt do BC an AS. Beidh dearbhú tola ceangailteach ó thaobh dlí ó BC an AC i gceist le deimhniú an iarmhéid don AS go ráthóidh an BC sin íocaíocht suas le méid an iarmhéid deimhnithe don AS. Trí mhéadú nó laghdú an iarmhéid sin a dheimhniú ar orduithe aistrithe socraíochta tras-chórais AS a chreidiúnú nó a dhochar chuig an bhfochuntas nó uaidh nó aistriú leachtachta a chreidiúnú don fhochuntas, dearbhaíonn BC an Eurochórais nach é BC an AS agus BC an AS méadú nó laghdú ar an ráthaíocht i méid na híocaíochta. Beidh an dá ráthaíocht neamh-inchúlghairthe, neamhchoinníollach agus iníoctha ar an gcéad éileamh. Rachaidh an dá ráthaíocht in éag ar chumarsáid ón AS go bhfuil an socraíocht críochnaithe (trí theachtaireacht “deireadh timthrialla”).

ROINN IV

FORÁLACHA IDIRTHRÉIMHSEACHA AGUS CRÍOCHNAITHEACHA

Airteagal 23

Réiteach Díospóidí agus an dlí is infheidhme

1.   I gcás díospóide idir BCanna an Eurochórais i ndáil leis an Treoirlíne seo, déanfaidh na páirtithe dá ndéantar difear iarracht an díospóid a réiteach de réir an Mheabhráin Comhthuisceana maidir le Nós Imeachta um Réiteach Díospóide laistigh den CEBC.

2.   De mhaolú ó mhír 1, mura féidir díospóid a bhaineann le roinnt na gcúraimí idir Leibhéal 2 agus Leibhéal 3 a réiteach trí chomhaontú idir na páirtithe dá ndéantar difear, réiteoidh an Chomhairle Rialaithe an díospóid.

3.   I gcás díospóide den chineál dá dtagraítear i mír 1, cinnfear cearta agus oibleagáidí faoi seach na bpáirtithe go príomha leis na rialacha agus na nósanna imeachta atá leagtha síos sa Treoirlíne seo. I ndíospóidí maidir le orduithe aistrithe airgid idir córais chomhpháirteacha TARGET, beidh feidhm ag dlí an Bhallstáit ina bhfuil suíochán BC Eurochórais an íocaí, ar bhealach forlíontach, ar choinníoll nach dtagann sé salach ar an Treoirlíne seo.

Airteagal 24

Treoirlíne 2013/47/AE (BCE/2012/27) a aisghairm

1.   Aisghairtear Treoirlíne 2013/47/AE (BCE/2012/27) le héifeacht ón 21 Samhain 2022.

2.   Déanfar tagairtí don Treoirlíne aisghairthe a fhorléiriú mar thagairtí don Treoirlíne seo.

Airteagal 25

Teacht i bhfeidhm agus cur chun feidhme

1.   Tiocfaidh an Treoirlíne seo i bhfeidhm an lá a dtabharfar fógra faoi do bhainc cheannais náisiúnta na mBallstát a bhfuil an euro mar airgeadra acu.

2.   Comhlíonfaidh bainc cheannais an Eurochórais an Treoirlíne seo ón 21 Samhain 2022.

3.   Glacfaidh [bainc cheannais náisiúnta na mBallstát a bhfuil an euro mar airgeadra acu] na bearta is gá chun an Treoirlíne seo a chomhlíonadh agus iad a chur i bhfeidhm ón 21 Samhain 2022. Cuirfidh siad téacsanna na mbeart sin agus na modhanna a úsáideadh chun iad a chur i bhfeidhm in iúl don BCE faoin 19 Aibreán 2022 ar a dhéanaí.

Airteagal 26

Forálacha ilghnéitheacha agus idirthréimhseacha

1.   Ar an dáta a shonraítear in Airteagal 25 (2):

| (a) | déanfar iarmhéideanna an rannpháirtí ar a chuntais TARGET2 PM a aistriú sna MCAnna ábhartha mar a shonraítear ag an rannpháirtí; |
| --- | --- |

(a)

déanfar iarmhéideanna an rannpháirtí ar a chuntais TARGET2 PM a aistriú sna MCAnna ábhartha mar a shonraítear ag an rannpháirtí;

| (b) | déanfar DCAnna TIPS de DCAnna TIPS TARGET2; |
| --- | --- |

(b)

déanfar DCAnna TIPS de DCAnna TIPS TARGET2;

| (c) | déanfar DCAnna T2S de DCAnna T2S TARGET2; |
| --- | --- |

(c)

déanfar DCAnna T2S de DCAnna T2S TARGET2;

| (d) | déanfar cuntais theicniúla AS RTGS, cuntais theicniúla AS TIPS agus cuntais chiste ráthaíochta AS faoi seach de chuntais theicniúla TARGET2, cuntais theicniúla AS TIPS TARGET2 agus cuntais ciste ráthaíochta TARGET2; |
| --- | --- |

(d)

déanfar cuntais theicniúla AS RTGS, cuntais theicniúla AS TIPS agus cuntais chiste ráthaíochta AS faoi seach de chuntais theicniúla TARGET2, cuntais theicniúla AS TIPS TARGET2 agus cuntais ciste ráthaíochta TARGET2;

| (e) | déanfar iarmhéideanna ar Chuntais Baile a aistriú sna MCAnna ábhartha mar a shonraítear ag an rannpháirtí. |
| --- | --- |

(e)

déanfar iarmhéideanna ar Chuntais Baile a aistriú sna MCAnna ábhartha mar a shonraítear ag an rannpháirtí.

2.   Ní bheidh aon chaillteanas nó aon bhrabús ag rannpháirtithe mar thoradh ar aistriú iarmhéideanna de bhun mhír 1.

3.   Leanfar de na hoibleagáidí laistigh den Eurochóras a eascraíonn as socraíocht íocaíochtaí idir rannpháirtithe i gcórais éagsúla chomhpháirteanna de TARGET2 de bhun Airteagal 6 de Threoirlíne 2013/47/AE (BCE/2012/27) a thaifeadadh in TARGET i gcomhréir le hAirteagal 6 den Treoirlíne seo.

4.   D’ainneoin Iarscríbhinn I, Cuid I, Airteagal 5(1), pointí (d) agus (e), fanfaidh tuairimí acmhainne agus tuairimí tíre a iarrann BCanna an Eurochórais de bhun Airteagal 13 de Threoirlíne 2013/47/AE (BCE/2012/27) nó de bhun Iarscríbhinn II, Airteagal 8( 2), Iarscríbhinn IIA, Airteagal 6(2), agus Iarscríbhinn IIB, Airteagal 6(2) a ghabhann le Treoirlíne 2013/47/AE (BCE/2012/27), faoi seach, de bheith bailí chun críocha na Treoirlíne seo.

5.   D’ainneoin Iarscríbhinn I, Cuid II, Airteagal 10(2), pointe (d), fanfaidh rochtain ar chreidmheas idirlae arna dheonú ag an gComhairle Rialaithe faoi théarmaí Iarscríbhinn III, mír (2)(e) a ghabhann le Treoirlíne 2013/47/AE (BCE/2012/27) de bheith bailí.

6.   Leanfaidh grúpaí a aithnítear ag an gComhairle Rialaithe i gcomhréir leis an sainmhíniú ar “ghrúpa” in Iarscríbhinn II, Airteagal 1 de Threoirlíne 2013/47/AE (BCE/2012/27) de bheith á n-aithint agus á meas mar ghrúpaí baincéireachta chun críocha na Treoirlíne seo.

Airteagal 27

Seolaithe, bearta cur cun feidhme agus tuairisciú do leibhéal 1

1.   Dírítear an Treoirlíne seo chuig bainc cheannais uile Eurochórais.

2.   Gheobhaidh an Chomhairle Rialaithe tuarascáil ar bhonn bliantúil ó Leibhéal 2 ina mbeidh an fhaisnéis a éileoidh an Chomhairle Rialaithe d’fhonn a freagrachtaí mar Leibhéal 1 a chomhlíonadh.

Arna déanamh in Frankfurt am Maim, 24 Feabhra 2022.

Do Chomhairle Rialaithe an BCE

Uachtarán an BCE

Christine LAGARDE

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(1)  Treoirlíne 2013/47/AE ón mBanc Ceannais Eorpach an 5 Nollaig 2012 maidir le hUathchóras Mearaistrithe Ollsocraíochtaí Fíor-Ama Tras-Eorpach (TARGET2) (BCE/2012/27) (IO L 30, 30.1.2013, lch. 1).

1

(2)  Cinneadh 2014/533/AE ón mBanc Ceannais Eorpach an 13 Lúnasa 2014 maidir le TARGET2 a shainaithint mar chóras íocaíochta atá bhfuil tábhacht shistéamach leis de bhun Rialachán (AE) Uimh. 795/2014 maidir le ceanglais um maoirseacht le haghaidh córais íocaíochta a bhfuil tábhacht shistéamach leo (BCE/2014/35) (IO L 245, 20.8.2014, lch. 5).

2

(3)  Rialachán (AE) 795/2014 ón mBanc Ceannais Eorpach an 3 Iúil 2014 maidir le ceanglais um maoirseacht le aghaidh córais íocaíochta a bhfuil tábhacht shistéamach leo (BCE/2014/28) (IO L 217, 23.7.2014, lch. 16).

3

(4)  Treoir 98/26/CE ó Pharlaimint na hEorpa agus ón gComhairle an 19 Bealtaine 1998 maidir le críochnaitheacht socraíochta i gcórais íocaíochta agus socraíochta urrús (IO L 166, 11.6.1998, lch. 45)

4

(5)  Rialachán (AE) Uimh, 2021/378 ón mBanc Ceannais Eorpach an 22 Eanáir 2021 maidir le ceanglais cúlchiste íosta a chur i bhfeidhm (BCE/2021/1) (IO L 73, 3.3.2021, lch. 1).

5

(6)  Treoirlíne (AE) 2015/510 ón mBanc Ceannais Eorpach an 19 Nollaig 2014 maidir le creat beartais airgeadaíochta an Eurochórais a chur chun feidhme (Treoirlíne maidir le Doiciméadacht Ghinearálta) (BCE/2014/60) (athmhúnlú) ((IO L 91, 2.4.2015, lch. 3).

6

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IARSCRÍBHINN I

COINNÍOLLLACHA COMHCHUIBHITHE LE HAGHAIDH RANNPHÁIRTÍOCHTA I TARGET

CUID I

Téarmaí agus coinníollacha ginearálta

Airteagal 1

Raon feidhme

Rialaíonn na téarmaí agus na coinníollacha a leagtar amach i gCuid I an gaol idir [cuir isteach ainm BC] agus a rannpháirtithe i TARGET- [cuir isteach BC/tagairt tíre]. Tá feidhm ag na téarmaí agus na coinníollacha a leagtar amach i gCodanna II, III, IV, V, VI agus VII den Iarscríbhinn seo a mhéid a roghnaíonn rannpháirtithe agus a dheonaítear dóibh cuntas amháin nó níos mó a thuairiscítear sna Codanna sin. Tugtar na “Coinníollacha Comhchuibhithe” nó na “Coinníollacha” le chéile anseo feasta ar na téarmaí agus na coinníollacha a leagtar amach i gCodanna I go VII den Iarscríbhinn seo.

Airteagal 2

Foscríbhinní

1.   Is cuid dhílis de na Coinníollacha seo na Foscríbhinní seo a leanas:

| Foscríbhinn I: | Sonraíochtaí teicniúla chun orduithe aistrithe airgid a phróiseáil |
| --- | --- |

Foscríbhinn I:

Sonraíochtaí teicniúla chun orduithe aistrithe airgid a phróiseáil

| Foscríbhinn II: | Scéim chúitimh TARGET |
| --- | --- |

Foscríbhinn II:

Scéim chúitimh TARGET

| Foscríbhinn III: | Téarmaí tagartha maidir le hacmhainn agus tuairimí tíre |
| --- | --- |

Foscríbhinn III:

Téarmaí tagartha maidir le hacmhainn agus tuairimí tíre

| Foscríbhinn IV: | Nósanna imeachta leanúnachais gnó agus nósanna imeachta teagmhasachta |
| --- | --- |

Foscríbhinn IV:

Nósanna imeachta leanúnachais gnó agus nósanna imeachta teagmhasachta

| Foscríbhinn V: | Sceideal oibriúcháin TARGET |
| --- | --- |

Foscríbhinn V:

Sceideal oibriúcháin TARGET

| Foscríbhinn VI: | Sceideal táillí |
| --- | --- |

Foscríbhinn VI:

Sceideal táillí

| Foscríbhinn VII: | Ceanglais maidir le bainistiú slándála faisnéise agus bainistíú leanúnachais gnó |
| --- | --- |

Foscríbhinn VII:

Ceanglais maidir le bainistiú slándála faisnéise agus bainistíú leanúnachais gnó

| [Foscríbhinn VIII: | Cuir isteach más gá: Liosta sainmhínithe atá leagtha amach in Iarscríbinn III a ghabhann leis an Treoirlíne] |
| --- | --- |

[Foscríbhinn VIII:

Cuir isteach más gá: Liosta sainmhínithe atá leagtha amach in Iarscríbinn III a ghabhann leis an Treoirlíne]

2.   I gcás aon choimhlinte nó neamhréireachta idir ábhar aon Fhoscríbhinne agus ábhar aon fhorála eile sna Coinníollacha seo, beidh an ceann deireanach i réim.

Airteagal 3

Cuir síos ginearálta ar TARGET

1.   Tá struchtúr dlíthiúil ar TARGET mar iliomad córas íocaíochta comhdhéanta de na córais chomhpháirteanna de TARGET go léir, a bhfuil gach ceann acu ainmnithe mar “chóras” faoin dlí náisiúnta ábhartha lena gcuirtear Treoir 98/26/CE i bhfeidhm.

2.   Cuimsítear le TARGET córais íocaíochta in euro a shocraítear in airgead bainc cheannais agus a sholáthraíonn seirbhísí bainistíochta leachtachta lárnacha, ollsocraíocht fíor-ama le haghaidh íocaíochtaí agus seirbhísí um shocraíocht AS, agus a chumasaíonn d’íocaíochtaí airgid i ndáil le socraíocht urrús agus socraíocht íocaíochtaí meandracha.

3.   Soláthraíonn TARGET:

| (a) | MCAnna chun oibríochtaí bainc ceannais a shocrú; |
| --- | --- |

(a)

MCAnna chun oibríochtaí bainc ceannais a shocrú;

| (b) | DCAnna RTGS le haghaidh ollsocraíocht fíor-ama mhórluach íocaíochtaí agus fo-chuntais más gá le haghaidh socraíochta AS; |
| --- | --- |

(b)

DCAnna RTGS le haghaidh ollsocraíocht fíor-ama mhórluach íocaíochtaí agus fo-chuntais más gá le haghaidh socraíochta AS;

| (c) | DCAanna T2S le haghaidh íocaíochtaí airgid i ndáil le socraíocht urrús; |
| --- | --- |

(c)

DCAanna T2S le haghaidh íocaíochtaí airgid i ndáil le socraíocht urrús;

| (d) | DCAnna TIPS chun íocaíochtaí meandracha a shocrú; agus |
| --- | --- |

(d)

DCAnna TIPS chun íocaíochtaí meandracha a shocrú; agus

| (e) | na cuntais seo a leanas le haghaidh socraíochta AS: (i) cuntais theicniúla AS RTGS; (ii) cuntais chiste ráthaíochta AS; agus (iii) cuntais theicniúla AS TIPS. |
| --- | --- |

(e)

na cuntais seo a leanas le haghaidh socraíochta AS: (i) cuntais theicniúla AS RTGS; (ii) cuntais chiste ráthaíochta AS; agus (iii) cuntais theicniúla AS TIPS.

Déanfar gach cuntas i TARGET-[cuir isteach ainm BC] a shainaithint trí bhíthin uimhir chuntais uathúil a bheidh comhdhéanta de na heilimintí a ndéantar tuairisc orthu in Iarscríbhinn I, Foscríbhinn I, mír 2.

Airteagal 4

Critéir rochtana

1.   Tá na cineálacha eintiteas seo a leanas incháilithe le bheith ina rannpháirtithe i TARGET-[cuir isteach tagairt BC/tíre], arna iarraidh sin:

| (a) | institiúidí creidmheasa a bunaíodh san Aontas nó sa LEE, lena n-áirítear nuair a ghníomhaíonn siad trí bhrainse a bunaíodh san Aontas nó sa LEE; |
| --- | --- |

(a)

institiúidí creidmheasa a bunaíodh san Aontas nó sa LEE, lena n-áirítear nuair a ghníomhaíonn siad trí bhrainse a bunaíodh san Aontas nó sa LEE;

| (b) | institiúidí creidmheasa a bunaíodh taobh amuigh den LEE, ar choinníoll go ngníomhóidh siad trí bhrainse a bunaíodh san Aontas nó san LEE; |
| --- | --- |

(b)

institiúidí creidmheasa a bunaíodh taobh amuigh den LEE, ar choinníoll go ngníomhóidh siad trí bhrainse a bunaíodh san Aontas nó san LEE;

| (c) | BCNanna na mBallstát agus an BCE; |
| --- | --- |

(c)

BCNanna na mBallstát agus an BCE;

ar choinníoll nach bhfuil na heintitis dá dtagraítear i bpointí (a) agus (b) faoi réir bearta sriantacha arna nglacadh ag Comhairle an Aontais Eorpaigh nó ag na Ballstáit de bhun Airteagal 65(1)(b), Airteagal 75 nó Airteagal 215 den Chonradh, a bhfuil a gcur chun bhfeidhme, dar le [TARGET [tagairt BC/tíre] tar éis an BCE a chur ar an eolas, neamh-chomhoiriúnach le feidhmiú rianúil TARGET.

2.   Féadfaidh [cuir isteach ainm BC], dá rogha féin, na heintitis seo a leanas a ligean isteach mar rannpháirtithe:

| (a) | ranna cisteáin rialtais láir nó réigiúnacha na mBallstát; |
| --- | --- |

(a)

ranna cisteáin rialtais láir nó réigiúnacha na mBallstát;

| (b) | comhlachtaí earnála poiblí na mBallstát atá údaraithe chun cuntais a choinneáil do chustaiméirí; |
| --- | --- |

(b)

comhlachtaí earnála poiblí na mBallstát atá údaraithe chun cuntais a choinneáil do chustaiméirí;

| (c) | (i) | gnólachtaí infheistíochta a bunaíodh san Aontas nó sa LEE, lena n-áirítear nuair a ghníomhaíonn siad trí bhrainse a bunaíodh san Aontas nó sa LEE; agus |
| --- | --- | --- |

(c)

(i)

gnólachtaí infheistíochta a bunaíodh san Aontas nó sa LEE, lena n-áirítear nuair a ghníomhaíonn siad trí bhrainse a bunaíodh san Aontas nó sa LEE; agus

| (ii) | institiúidí creidmheasa a bunaíodh taobh amuigh de LEE, ar choinníoll go ngníomhaíonn siad trí bhrainse a bunaíodh san Aontas nó sa LEE; |
| --- | --- |

(ii)

institiúidí creidmheasa a bunaíodh taobh amuigh de LEE, ar choinníoll go ngníomhaíonn siad trí bhrainse a bunaíodh san Aontas nó sa LEE;

| (d) | eintitis a bhainistíonn AS, agus a ghníomhaíonn sa cháil sin; agus |
| --- | --- |

(d)

eintitis a bhainistíonn AS, agus a ghníomhaíonn sa cháil sin; agus

| (e) | institiúidí creidmheasa nó aon cheann de na heintitis de na cineálacha atá liostaithe i bpointí (a) go (d), sa dá chás sin, i gcás ina mbunaítear iad seo i dtír a ndearna an tAontas comhaontú airgeadaíochta léi lena gceadaítear rochtain ag aon cheann de na heintitis sin ar chórais íocaíochta san Aontas faoi réir na gcoinníollacha atá leagtha amach sa chomhaontú airgeadaíochta agus ar choinníoll go bhfuil an córas dlí ábhartha atá i bhfeidhm sa tír comhionann le reachtaíocht ábhartha an Aontais. |
| --- | --- |

(e)

institiúidí creidmheasa nó aon cheann de na heintitis de na cineálacha atá liostaithe i bpointí (a) go (d), sa dá chás sin, i gcás ina mbunaítear iad seo i dtír a ndearna an tAontas comhaontú airgeadaíochta léi lena gceadaítear rochtain ag aon cheann de na heintitis sin ar chórais íocaíochta san Aontas faoi réir na gcoinníollacha atá leagtha amach sa chomhaontú airgeadaíochta agus ar choinníoll go bhfuil an córas dlí ábhartha atá i bhfeidhm sa tír comhionann le reachtaíocht ábhartha an Aontais.

Airteagal 5

Nós Imeachta iarratais

1.   Chun a bheith ina rannpháirtí i TARGET-[cuir isteach ainm BC/tagairt tíre] beidh eintiteas mar a thuairiscítear in Airteagal 4(1) nó ina eintiteas a bhféadfar ligean isteach [cuir isteach ainm BC] faoi Airteagal 4(2) agus comhlíonfaidh sé na ceanglais seo a leanas:

| (a) | an bonneagair TF riachtanach chun nascadh le TARGET-[cuir isteach tagairt BC/tíre] a shuiteáil, a bhainistiú, a oibriú, a mhonatóiriú agus a shábháilteacht a áirithiú agus a bheith in ann orduithe aistrithe airgid a chur faoina bhráid. Agus é sin á dhéanamh, féadfaidh rannpháirtithe iarrthacha bheith bainteach le tríú páirtithe ach is ag na rannpháirtithe iarrthacha a fhanfaidh an dhliteanas aonair. |
| --- | --- |

(a)

an bonneagair TF riachtanach chun nascadh le TARGET-[cuir isteach tagairt BC/tíre] a shuiteáil, a bhainistiú, a oibriú, a mhonatóiriú agus a shábháilteacht a áirithiú agus a bheith in ann orduithe aistrithe airgid a chur faoina bhráid. Agus é sin á dhéanamh, féadfaidh rannpháirtithe iarrthacha bheith bainteach le tríú páirtithe ach is ag na rannpháirtithe iarrthacha a fhanfaidh an dhliteanas aonair.

| (b) | na tástálacha a éilíonn [cuir isteach ainm BC] a ghnóthú; |
| --- | --- |

(b)

na tástálacha a éilíonn [cuir isteach ainm BC] a ghnóthú;

| (c) | más iarratasóir é ar DCA RTGS, ar DCA T2S nó ar DCA TIPS, déanfaidh sé MCA le [cuir isteach ainm BC] a shealbhú nó a oscailt; |
| --- | --- |

(c)

más iarratasóir é ar DCA RTGS, ar DCA T2S nó ar DCA TIPS, déanfaidh sé MCA le [cuir isteach ainm BC] a shealbhú nó a oscailt;

| (d) | tuairim um acmhainní a sholáthar san fhoirm a shonraítear i bhForscríbhinn III, mura rud é go bhfuil an fhaisnéis agus na huiríll a bheidh le soláthar sa tuairim sin um acmhainní faighte cheana ag [cuir isteach ainm BC] i gcomhthéacs eile; |
| --- | --- |

(d)

tuairim um acmhainní a sholáthar san fhoirm a shonraítear i bhForscríbhinn III, mura rud é go bhfuil an fhaisnéis agus na huiríll a bheidh le soláthar sa tuairim sin um acmhainní faighte cheana ag [cuir isteach ainm BC] i gcomhthéacs eile;

| (e) | maidir leis na heintitis dá dtagraítear in Airteagal 4(1), pointe (b) agus in Airteagal 4(2), pointe (c)(ii), tuairim tíre san fhoirm a shonraítear i bhForschríbinn III, mura rud é go bhfuil an fhaisnéis agus na huiríll atá le soláthar sa tuairim tíre sin faighte cheana ag [cuir isteach ainm BC] i gcomhthéacs eile; |
| --- | --- |

(e)

maidir leis na heintitis dá dtagraítear in Airteagal 4(1), pointe (b) agus in Airteagal 4(2), pointe (c)(ii), tuairim tíre san fhoirm a shonraítear i bhForschríbinn III, mura rud é go bhfuil an fhaisnéis agus na huiríll atá le soláthar sa tuairim tíre sin faighte cheana ag [cuir isteach ainm BC] i gcomhthéacs eile;

| (f) | más iarrathóir DCA TIPS, gur chloigh sé leis an scéim ACS Inst trí Chomhaontú Forleanúna um Aistriú Creidmheasa Meandrach SEPA a shíniú; |
| --- | --- |

(f)

más iarrathóir DCA TIPS, gur chloigh sé leis an scéim ACS Inst trí Chomhaontú Forleanúna um Aistriú Creidmheasa Meandrach SEPA a shíniú;

| (g) | más iarrathóir cuntais theicniúil AS TIPS, go bhfuil fianaise curtha ar fáil aige gur cuireadh an litir nochtaithe lena taispeántar a rún le bheith ina Sásra Imréitigh agus Glanta (CSM) de chuid SCT Inst comhlíontach ar fáil don Chomhairle Eorpach um Íocaíochtaí (CEI). |
| --- | --- |

(g)

más iarrathóir cuntais theicniúil AS TIPS, go bhfuil fianaise curtha ar fáil aige gur cuireadh an litir nochtaithe lena taispeántar a rún le bheith ina Sásra Imréitigh agus Glanta (CSM) de chuid SCT Inst comhlíontach ar fáil don Chomhairle Eorpach um Íocaíochtaí (CEI).

2.   Déanfaidh iarratasóirí iarratas ar [cuir isteach ainm BC], lena cuimsítear na doiciméid/an fhaisnéis seo a leanas ar a laghad:

| (a) | foirmeacha bailithe sonraí tagartha, agus iad comhlíonta, arna soláthar ag [cuir isteach ainm BC]; agus |
| --- | --- |

(a)

foirmeacha bailithe sonraí tagartha, agus iad comhlíonta, arna soláthar ag [cuir isteach ainm BC]; agus

| (b) | an tuairim um acmhainní, ma éilíonn [cuir isteach ainm BC] í, agus an tuairim tíre, má éilíonn [cuir isteach ainm BC] í”; |
| --- | --- |

(b)

an tuairim um acmhainní, ma éilíonn [cuir isteach ainm BC] í, agus an tuairim tíre, má éilíonn [cuir isteach ainm BC] í”;

| (c) | más iarrathóir DCA TIPS, fianaise gur chloigh sé leis an scéim SCT Inst; |
| --- | --- |

(c)

más iarrathóir DCA TIPS, fianaise gur chloigh sé leis an scéim SCT Inst;

| (d) | má tá an t-iarratasóir ag déanamh iarratais ar nós imeachta socraíochta TIPS AS a úsáid, fianaise gur chuir sé an litir nochtaithe lena taispeántar go bhfuil sé ar intinn aige a bheith ina CSM a chomhlíonann SCT Inst ar fáil don CEI; |
| --- | --- |

(d)

má tá an t-iarratasóir ag déanamh iarratais ar nós imeachta socraíochta TIPS AS a úsáid, fianaise gur chuir sé an litir nochtaithe lena taispeántar go bhfuil sé ar intinn aige a bheith ina CSM a chomhlíonann SCT Inst ar fáil don CEI;

| (e) | i gcás go n-ainmneoidh an t-iarratasóir gníomhaire íocaíochta, an fhianaise gur chomhaontaigh an gníomhaire íocaíochta gníomhú sa ról sin. |
| --- | --- |

(e)

i gcás go n-ainmneoidh an t-iarratasóir gníomhaire íocaíochta, an fhianaise gur chomhaontaigh an gníomhaire íocaíochta gníomhú sa ról sin.

3.   ComhlíonfaidhiI iarratasóirí atá ina rannpháirtithe TARGET cheana féin agus a dhéanann iarratas ar chuntas nua mar a thuairiscítear i: (i) gCuid III (DCA-RTGS); (ii) gCuid IV (DCA-T2S ); (iii) gCuid V (DCA-TIPS); (iv) gCuid VI (cuntas teicniúil AS RTGS); agus/nó (v) gCuid VII (cuntas teicniúil AS TIPS) forálacha mhíreanna 1 agus 2 a mhéid is ábhartha don chuntas nua a ndéantar iarratas ina leith.

4.   Féadfaidh [cuir isteach ainm BC] aon fhaisnéis bhreise a mheasann sé is gá a iarraidh chun cinneadh a dhéanamh ar iarratas chun TARGET a oscailt.

5.   Diúltóidh [cuir isteach ainm BC] don iarratas páirt a ghlacadh más rud é:

| (a) | Nach eintiteas incháilithe mar a thuairiscítear in Airteagal 4(1) an t-iarratasóir nó nach eintiteas é a bhféadfar ligean isteach ag [cuir isteach ainm BC] faoi Airteagal 4(2); |
| --- | --- |

(a)

Nach eintiteas incháilithe mar a thuairiscítear in Airteagal 4(1) an t-iarratasóir nó nach eintiteas é a bhféadfar ligean isteach ag [cuir isteach ainm BC] faoi Airteagal 4(2);

| (b) | nach gcomhlíontar ceann amháin nó níos mó de na ceanglais rannpháirtíochta dá dtagraítear i mír 1; agus/nó |
| --- | --- |

(b)

nach gcomhlíontar ceann amháin nó níos mó de na ceanglais rannpháirtíochta dá dtagraítear i mír 1; agus/nó

| (c) | i mheasúnú [cuir isteach ainm BC], chuirfeadh an rannpháirtíocht sin cobhsaíocht, fóntacht agus sábháilteacht fhoriomlán TARGET-[cuir isteach tagairt BC/tíre] nó aon chóras comhpháirte eile de TARGET i mbaol, nó chuirfeadh sé feidhmíocht chúraimí [cuir isteach ainm BC], mar a thuairiscítear i [déan tagairt don dlí náisiúnta ábhartha] agus i Reacht an Chórais Eorpaigh Banc Ceannais agus an Bhainc Ceannais Eorpaigh i gcontúirt, nó cruthaíonn sé rioscaí ar fhorais stuamachta. |
| --- | --- |

(c)

i mheasúnú [cuir isteach ainm BC], chuirfeadh an rannpháirtíocht sin cobhsaíocht, fóntacht agus sábháilteacht fhoriomlán TARGET-[cuir isteach tagairt BC/tíre] nó aon chóras comhpháirte eile de TARGET i mbaol, nó chuirfeadh sé feidhmíocht chúraimí [cuir isteach ainm BC], mar a thuairiscítear i [déan tagairt don dlí náisiúnta ábhartha] agus i Reacht an Chórais Eorpaigh Banc Ceannais agus an Bhainc Ceannais Eorpaigh i gcontúirt, nó cruthaíonn sé rioscaí ar fhorais stuamachta.

6.   Cuirfidh [cuir isteach ainm BC] a chinneadh maidir leis an iarratas a bheith rannpháirteach i TARGET-[cuir isteach ainm BC/tagairt tíre] in iúl don rannpháirtí iarrthach laistigh de mhí tar éis do [cuir isteach ainm BC] an t-iarratas a fháil. I gcás go n-iarrann [cuir isteach ainm BC] faisnéis bhreise de bhun mhír 4, cuirfear an cinneadh in iúl laistigh de mhí tar éis do [cuir isteach ainm BC] an fhaisnéis bhreise seo a fháil ón iarratasóir. Beidh cúiseanna leis an diúltú in aon chinneadh diúltaithe.

Airteagal 6

Rannpháirthithe

1.   Beidh MCA amháin ar a laghad le [cuir isteach ainm BC] ag rannpháirtithe nach AS iad agus féadfaidh siad freisin DCA RTGS, DCA T2S agus/nó DCA TIPS amháin nó níos mó le [cuir isteach ainm BC] a shealbhú.

2.   Beidh AS a úsáideann nósanna imeachta socraíochta RTGS AS nó nós imeachta socraíochta TIPS AS faoi réir na dtéarmaí agus na gcoinníollacha a leagtar amach sa Chuid agus sa Chuid VI nó Cuid VII, faoi seach. Féadfaidh siad MCA, DCAnna T2S agus, go heisceachtúil agus má cheadaítear iad le [cuir isteach ainm BC], DCA RTGS amháin nó níos mó a bheith acu ach amháin maidir le híocaíochtaí meandreacha a ghlanadh de bhun na scéime SCT Inst. Má tá DCA RTGS nó DCA T2S ag AS, beidh MCA amháin ar a laghad aige freisin leis an [cuir isteach ainm BC]. Sa chás go bhfuil MCA nó DCA RTGS nó DCAnna T2S amháin nó níos mó ag AS, beidh feidhm ag na Codanna faoi seach de na Coinníollacha seo freisin.

Airteagal 7

Rochtain ar chuntas rannpháirtí ag eintitis seachas an rannpháirtí

1.   A mhéid is féidir ó thaobh na teicneolaíochta de, féadfaidh rannpháirtí rochtain ar a chuntais TARGET a thabhairt d’eintiteas amháin nó níos mó a ainmníonn sé, chun críocha orduithe aistrithe airgid a chur isteach agus chun gníomhaíochtaí eile a dhéanamh.

2.   Maidir le horduithe aistrithe airgid arna gcur isteach nó cistí arna bhfáil ag na heintitis arna n-ainmniú ag rannpháirtí dá dtagraítear i mír 1, measfar iad a bheith curtha isteach nó faighte ag an rannpháirtí sin féin.

3.   Beidh an rannpháirtí faoi cheangal ag na horduithe aistrithe airgid sin agus ag aon ghníomh eile arna dhéanamh ag an eintiteas nó na heintitis dá dtagraítear i mír 1, beag beann ar ábhar na socruithe conarthacha nó aon socruithe eile idir an rannpháirtí sin agus an t-eintiteas sin agus beag beann ar aon neamhchomhlíonadh leo.

Airteagal 8

Billeáil

1.   Sainaithneoidh [cuir isteach ainm BC] ítimí inbhilleáilte de réir Foscríbhinn VI agus leithdháilfidh sé gach ceann acu ar an rannpháirtí as a dtagann an ítimí inbhilleáilte sin.

2.   Déanfar aon táille is iníoctha i ndáil le hordú aistrithe airgid arna thíolacadh ag AS nó i ndáil le haistriú airgid a fhaigheann AS a mhuirearú go heisiach ar an AS sin, is cuma má úsáideann sé nósanna imeachta socraíochta AS RTGS nó DCA RTGS.

3.   Leithdháilfear ítimí inbhilleáilte arna nginiúint ag gníomhaíochtaí arna nglacadh ag na heintitis ainmnithe dá dtagraítear in Airteagal 7, agus ag bainc cheannais ag gníomhú thar ceann rannpháirtí, ar an rannpháirtí sin.

4.   Eiseoidh [cuir isteach ainm BC] sonraisc ar leithligh chuig an rannpháirtí as na seirbhísí ábhartha a thuairiscítear in: (i) Cuid III (DCA-RTGS); (ii) Cuid IV (DCA T2S); (iii) Cuid V (DCA TIPS); (iv) Cuid VI (nósanna imeachta socraíochta AS RTGS); agus (v) Cuid VII (nós imeachta socraíochta AS TIPS).

5.   Socróidh [cuir isteach ainm BC] gach sonrasc trí dhochar díreach ar MCA atá i seilbh an rannpháirtí, mura rud é go bhfuil rannpháirtí eile ainmnithe ag an rannpháirtí i TARGET (a fhéadfaidh a bheith i TARGET-[cuir isteach ainm BC/tagairt tíre]) nó i gcóras comhpháirte eile) mar ghníomhaire íocaíochta agus go bhfuil treoir tugtha do [cuir isteach ainm BC] MCA an ghníomhaire íocaíochta sin a chur do dhochar. Ní dhéanfaidh treoir den sórt sin an rannpháirtí a scaoileadh óna oibleagáid gach sonrasc a íoc.

6.   I gcás ina bhfuil gníomhaire íocaíochta ainmnithe, cuirfidh an rannpháirtí fianaise ar fáil don [cuir isteach ainm an BC] gur chomhaontaigh an gníomhaire íocaíochta gníomhú sa cháil sin.

7.   Chun críocha an Airteagail seo, déileálfar ar leithligh le gach AS, fiú má oibríonn an t-eintiteas dlíthiúil céanna dhá cheann nó níos mó díobh, agus is cuma an bhfuil an AS ainmnithe faoi Threoir 98/26/CE. I gcás AS nach bhfuil ainmnithe faoi Threoir 98/26/CE, sainaithneofar é mar AS trí thagairt do na critéir seo a leanas: (a) gur socrú foirmiúil é, bunaithe ar ionstraim conarthach nó reachtach, e.g. comhaontú i measc na rannpháirtithe agus oibreoir an chórais; (b) go bhfuil ballraíocht iolrach aige; (c) go bhfuil comhrialacha agus socruithe caighdeánaithe aige; agus (d) gur córas é chun íocaíochtaí agus/nó urrúis a imréitigh, a ghlanluacháil agus/nó a shocrú idir na rannpháirtithe.

Airteagal 9

Grúpaí Billeála

1.   Arna iarraidh sin don rannpháirtí, cruthóidh [cuir isteach ainm BC] grúpa billeála chun go bhféadfaidh a chomhaltaí leas a bhaint as an bpraghsáil chéimlaghdaitheach is infheidhme maidir le DCAnna RTGS. Ní fhéadfaidh an grúpa billeála a áireamh ach sealbhóirí DCA RTGS a bhaineann leis an ngrúpa baincéireachta céanna, ó chóras comhpháirte amháin nó níos mó de TARGET.

2.   Ar iarratas ó shealbhóir DCA RTGS cuirfidh [cuir isteach ainm BC] sealbhóir an DCA RTGS sin le nó scriosfaidh sé é ó ghrúpa billeála a d’fhéadfadh a bheith i TARGET-[cuir isteach ainm BC/tagairt tíre] nó i gcóras comhpháirte eile de TARGET. Cuirfidh sealbhóir an DCA RTGS gach ball eile den ghrúpa billeála ar an eolas faoin iarratas sin sula ndéanfar é.

3.   Sonraiscfear sealbhóirí DCA RTGS a chuimsítear i ngrúpa billeála ina n-aonair mar a leagtar amach in Airteagal 8.

Airteagal 10

Oibleagáidí [cuir isteach ainm BC] agus an rannpháirtí

1.   Tairgfidh [cuir isteach ainm BC] na seirbhísí a thuairiscítear i gCodanna II, III, IV, V, VI agus VII de na Coinníollacha seo i gcás inar roghnaigh rannpháirtí cuntas dá dtagraítear ann agus gur deonaíodh dó é. Ach amháin mar a fhoráiltear a mhalairt sna Coinníollacha seo nó a cheanglaítear le dlí, úsáidfidh [cuir isteach ainm BC] gach modh réasúnach de réir na gcumhachtaí atá aige chun a oibleagáidí faoi na Coinníollacha seo a chomhlíonadh, gan toradh a ráthú.

2.   Is é [cuir isteach ainm BC] an soláthróir seirbhísí de bhun na Coinníollacha seo. Measfar gur gníomhartha agus neamhghníomhartha [cuir isteach ainm BC] gníomhartha agus neamhghníomhartha na BCNanna Leibhéal 3, a nglacfaidh sé dliteanas ina leith i gcomhréir le hAirteagal 22 I. Ní chruthóidh rannpháirtíocht de bhun na gCoinníollacha seo caidreamh conarthach idir rannpháirthithe agus na BCNanna Leibhéal 3 nuair a ghníomhaíonn aon cheann acu sin ina cháil mar BCN Leibhéal 3. Maidir le treoracha, teachtaireachtaí nó faisnéis a fhaigheann rannpháirtí ón TARGET, nó a sheolann sé chuig TARGETi ndáil leis na seirbhísí a sholáthraítear faoi na Coinníollacha seo, measfar iad a bheith faighte ó nó seolta chuig [cuir isteach ainm BC].

3.   Íocfaidh an rannpháirtí táillí le [cuir isteach ainm BC] i gcomhréir le hAirteagal 8.

4.   Áiritheoidh an rannpháirtí go bhfuil sé nasctha go teicniúil le TARGET-[cuir isteach tagairt BC/tíre] i gcomhréir le sceideal oibriúcháin TARGET atá leagtha amach i bhFoscríbhinn V. Féadfar an oibleagáid seo a chomhlíonadh trí aonán ainmnithe dá dtagraítear in Airteagal 7.

5.   Déanfaidh an rannpháirtí uiríoll agus baránta do [cuir isteach ainm BC] nach sáraíonn comhlíonadh a oibleagáidí faoi na Coinníollacha seo aon dlí, rialachán nó fodhlí is infheidhme ina leith nó aon chomhaontú atá ina cheangal air.

6.   Íocfaidh an rannpháirtí aon dleachtanna stampa is infheidhme nó aon chánacha nó dleachtanna doiciméadacha eile, más infheidhme, mar aon le haon chostais eile a thabhóidh an rannpháirtí agus a chuntas TARGET á oscailt, á chothabháil nó á dhúnadh aige.

Airteagal 11

Comhar agus malartú faisnéise

1.   Agus a n-oibleagáidí á gcomhlíonadh acu agus a gcearta faoi na Coinníollacha seo á bhfeidhmiú acu, comhoibreoidh [cuir isteach ainm BC] agus na rannpháirtithe go dlúth chun cobhsaíocht, fóntacht agus sábháilteacht TARGET-[cuir isteach tagairt BC/tíre] a chinntiú. Cuirfidh siad ar fáil dá chéile aon fhaisnéis nó doiciméid atá ábhartha chun a n-oibleagáidí faoi seach a chomhlíonadh agus chun a gcearta faoi seach a fheidhmiú faoi na Coinníollacha seo, gan dochar d’aon oibleagáidí rúndachta baincéireachta.

2.   Bunóidh agus cothabhálfaidh [cuir isteach ainm BC] deasc tacaíochta córais chun cabhrú le rannpháirtithe maidir le deacrachtaí a thagann chun cinn i ndáil le hoibríochtaí córais.

3.   Beidh faisnéis cothrom le dáta ar stádas oibríochta gach seirbhíse ar fáil ar Chóras Faisnéise TARGET (TIS) ar leathanach gréasáin tiomnaithe ar shuíomh gréasáin an BCE.

4.   Féadfaidh an [cuir isteach ainm BC] teachtaireachtaí ábhartha an chórais a chur in iúl do rannpháirtithe trí theachtaireacht chraolta nó, mura bhfuil an acmhainn sin ar fáil, trí aon mhodh cumarsáide iomchuí eile.

5.   Déanfaidh rannpháirtithe na foirmeacha bailithe sonraí tagartha atá ann cheana a nuashonrú go tráthúil agus cuirfidh siad foirmeacha bailithe sonraí tagartha nua faoi bhráid [cuir isteach ainm BC]. Fíoróidh na rannpháirtithe cruinneas na faisnéise a bhaineann leo agus a chuirtear isteach i TARGET-[cuir isteach tagairt BC/tíre] ag an [cuir isteach ainm BC].

6.   Údararaíonn an rannpháirtí leis seo [cuir isteach ainm BC] aon fhaisnéis a bhaineann le rannpháirtithe a d’fhéadfadh a bheith ag teastáil ó na BCNanna Leibhéal 3 a chur in iúl dóibh i gcomhréir leis an gconradh a rinneadh leis na comhaontuithe NSPanna idir na BCN Leibhéal 3 agus Comhlachtaí Deimhniúcháin Chóras an Euro lena rialaítear soláthar na seirbhísí atá le soláthar ag na BCN Leibhéal 3.

7.   Cuirfidh na rannpháirtithe [cuir isteach ainm BC] ar an eolas gan mhoill mhíchuí faoi aon athrú ar a gcumas dlíthiúil agus faoi aon athruithe reachtaíochta ábhartha a dhéanann difear do na saincheisteanna a chuimsítear i dtuairim na tíre a bhaineann leo, mar a leagtar amach sna téarmaí tagartha a thugtar i bhFoscríbhinn III.

8.   Féadfaidh [cuir isteach ainm BC] nuashonrú nó athnuachan na dtuairimí tíre nó na dtuairimí acmhainne dá dtagraítear in Airteagal 5(1), pointí (d) agus (e) a iarraidh tráth ar bith.

9.   Cuirfidh rannpháirtithe [cuir isteach ainm BC] ar an eolas láithreach má tharlaíonn teagmhas mainneachtana i ndáil leo féin nó má tá siad faoi réir bearta um chosc géarchéime nó bearta bainistithe géarchéime de réir bhrí Threoir 2014/59/AE ó Pharlaimint na hEorpa agus ón gComhairle (1) nó aon reachtaíocht choibhéiseach eile is infheidhme.

Airteagal 12

Luach Saothair Cuntas

1.   Íocfar MCAnna, DCAnna agus fochuntais ag nialas faoin gcéad nó ag ráta na saoráide taisce, cibé acu is ísle, mura n-úsáidtear iad aon cheann de na nithe seo a leanas chun coinneáil:

| (a) | cúlchistí íosta; |
| --- | --- |

(a)

cúlchistí íosta;

| (b) | cúlchistí barrachais; |
| --- | --- |

(b)

cúlchistí barrachais;

| (c) | taiscí rialtais mar atá sainmhínithe in Airteagal 2, pointe (5) de Threoirlíne (AE) 2019/671 ón mBanc Ceannais Eorpach (BCE/2019/7) (2). |
| --- | --- |

(c)

taiscí rialtais mar atá sainmhínithe in Airteagal 2, pointe (5) de Threoirlíne (AE) 2019/671 ón mBanc Ceannais Eorpach (BCE/2019/7) (2).

I gcás cúlchistí íosta, beidh ríomh agus íoc luach saothair sealúchas faoi rialú ag Rialachán (CE) Uimh. 2531/98 (3) ón gComhairle agus ag Rialachán (AE) 2021/378 (BCE/2021/1).

I gcás cúlchistí barrachais, beidh ríomh agus íoc luach saothair sealúchas faoi rialú ag Cinneadh (AE) Uimh. 2019/1743 ón mBanc Ceannais Eorpach (BCE/2019/31) (4).

I gcás taiscí rialtais, rialófar luach saothair sealúchas leis na forálacha a bhaineann leis na taiscí rialtais sin mar a leagtar amach in Airteagal 4 de Threoirlíne (AE) 2019/671 ón mBanc Ceannais Eorpach (BCE/2019/7).

2.   Íocfar luach saothair iarmhéideanna thar oíche a shealbhaítear ar chuntas teicniúil AS TIPS nó ar chuntas teicniúil AS RTGS do nós imeachta socraíochta D an chórais choimhdigh, agus cistí ráthaíochta, lena n-áirítear iad siúd a shealbhaítear ar chuntas ciste ráthaíochta AS, ag ráta na saoráide taisce.

Airteagal 13

Bainistíocht cuntas

1.   Déanfaidh rannpháirtithe monatóireacht agus bainistíocht ar an leachtacht ar a gcuntais de réir sceideal oibriúcháin TARGET mar atá leagtha amach i bhFoscríbhinn V agus déanfaidh siad réiteach ar leibhéal an idirbhirt uair amháin sa lá ar a laghad. Féadfar an oibleagáid seo a chomhlíonadh trí eintiteas ainmnithe dá dtagraítear in Airteagal 7.

2.   Bainfidh an rannpháirtí úsáid as na huirlisí a sholáthraíonn [cuir isteach ainm BC] chun críche réitigh cuntas, go háirithe an ráiteas cuntais laethúil a chuirtear ar fáil do gach rannpháirtí. Féadfar an oibleagáid seo a chomhlíonadh trí eintiteas ainmnithe dá dtagraítear in Airteagal 7.

3.   Cuirfidh na rannpháirtithe an [cuir isteach ainm BC] ar an eolas láithreach i gcás go dtarlóidh neamhréir i ndáil le haon cheann dá gcuntais.

Airteagal 14

Cúlchistí íosta

1.   Arna iarraidh sin do rannpháirtí atá faoi réir íoscheanglais chúlchiste, déanfaidh [cuir isteach ainm BC] MCA nó DCA amháin nó níos mó a bhaineann leis an rannpháirtí sin a mharcáil i TARGET-[cuir isteach tagairt BC/tíre] mar ar seilbh chun ceanglais chúlchiste íosta a chomhlíonadh.

2.   Chun ceanglais chúlchiste a chomhlíonadh, más infheidhme maidir leis an rannpháirtí, cuirfear san áireamh suim iarmhéideanna deiridh lae na gcuntas go léir atá i seilbh an rannpháirtí sin le [cuir isteach ainm BC] agus atá marcáilte chun na críche sin.

Airteagal 15

Íosteorainneacha agus uasteorainneacha

1.   Féadfaidh an rannpháirtí íosteorainn agus uasteorainn a shocrú ar a MCAnna nó ar a DCAnna.

2.   Féadfaidh an rannpháirtí rogha a dhéanamh fógra a fháil má sháraítear an íosteorainn nó an uasteorainn. Ina theannta sin, i gcás MCAnna nó DCAnna RTGS, féadfaidh an rannpháirtí a roghnú go spreagfaidh an sárú ordú aistrithe leachtachta riailbhunaithe.

3.   Ní spreagfaidh socrú ordaithe aistrithe leachtachta seiceáil ar sáraíodh an íosteorainn nó an uasteorainn.

Airteagal 16

Grúpa monatóireachta cuntas

1.   Féadfaidh sealbhóir MCA grúpa monatóireachta cuntas amháin nó níos mó a chruthú chun monatóireacht a dhéanamh ar leachtacht ar roinnt MCAnna nó DCAnna agus tiocfaidh sé chun bheith ina pháirtí ceannais d’aon ghrúpa monatóireachta cuntas a chruthaíonn sé.

2.   Féadfaidh rannpháirtí aon cheann dá MCAnna nó DCAnna a osclaíodh laistigh de TARGET-[cuir isteach tagairt BC/ íre] nó aon chóras comhpháirte eile de TARGET a chur le grúpa monatóireachta cuntas amháin nó níos mó agus ar an gcaoi sin a bheith ina bhall den ghrúpa monatóireachta cuntas sin. Féadfaidh ball de ghrúpa monatóireachta cuntas tús a chur lena chuntas a bhaint den ghrúpa monatóireachta cuntas sin tráth ar bith. Cuirfidh rannpháirtí páirtí ceannais grúpa monatóireachta cuntas ar an eolas sula gcuirfidh sé cuntas leis an ngrúpa monatóireachta cuntas sin nó sula mbainfidh sé cuntas uaidh.

3.   Ní bheidh ach an páirtí ceannais do ghrúpa monatóireachta cuntas in ann iarmhéideanna na gcuntas go léir a chuimsítear sa ghrúpa monatóireachta cuntas sin a fheiceáil.

4.   Féadfaidh an páirtí ceannais an grúpa monatóireachta cuntas a scriosadh agus cuirfidh sé baill eile an ghrúpa monatóireachta cuntas ar an eolas roimh an scriosadh sin.

Airteagal 17

Orduithe aistrithe airgid a ghlacadh agus a dhiúltú

1.   Measfar go nglacann an [cuir isteach ainm BC] le horduithe aistrithe airgid a chuireann rannpháirtithe isteach:

| (a) | má chomhlíonann an teachtaireacht aistrithe ceanglais theicniúla TARGET a ndéantar tuairisc orthu i bhFoscríbhinn I; |
| --- | --- |

(a)

má chomhlíonann an teachtaireacht aistrithe ceanglais theicniúla TARGET a ndéantar tuairisc orthu i bhFoscríbhinn I;

| (b) | má chomhlíonann an teachtaireacht na rialacha formáidithe agus na coinníollacha a ndéantar tuairisc orthu i bhFoscríbhinn I; |
| --- | --- |

(b)

má chomhlíonann an teachtaireacht na rialacha formáidithe agus na coinníollacha a ndéantar tuairisc orthu i bhFoscríbhinn I;

| (c) | má éiríonn leis an teachtaireacht an seiceáil iontrála dúbailte a thuairiscítear i bhFoscríbhínn I; |
| --- | --- |

(c)

má éiríonn leis an teachtaireacht an seiceáil iontrála dúbailte a thuairiscítear i bhFoscríbhínn I;

| (d) | i gcásanna inar cuireadh íocóir ar fionraí maidir lena chunta(i)s a dhochar nó má cuireadh íocaí ar fionraí maidir le creidiúnú a dhéanamh ar a chunta(i)s, fuarthas toiliú sainráite BC an rannpháirtí ar fionraí; |
| --- | --- |

(d)

i gcásanna inar cuireadh íocóir ar fionraí maidir lena chunta(i)s a dhochar nó má cuireadh íocaí ar fionraí maidir le creidiúnú a dhéanamh ar a chunta(i)s, fuarthas toiliú sainráite BC an rannpháirtí ar fionraí;

| (e) | i gcásanna ina ndéantar an t-ordú aistrithe airgid mar chuid de nós imeachta socraíochta AS RTGS, go bhfuil cuntas an rannpháirtí san áireamh sa ghrúpa cuntas bainc socraíochta a d’iarr an AS sin mar atá leagtha amach i gCuid VI, Airteagal 1(7); agus |
| --- | --- |

(e)

i gcásanna ina ndéantar an t-ordú aistrithe airgid mar chuid de nós imeachta socraíochta AS RTGS, go bhfuil cuntas an rannpháirtí san áireamh sa ghrúpa cuntas bainc socraíochta a d’iarr an AS sin mar atá leagtha amach i gCuid VI, Airteagal 1(7); agus

| (f) | más rud é, más ábhartha i gcás socraíochta traschórais mar chuid de nósanna imeachta socraíochta RTGS AS, go bhfuil an AS lena mbaineann mar chuid de shocrú socraíochta traschórais mar atá leagtha amach in Airteagal 9 de Chuid VI. |
| --- | --- |

(f)

más rud é, más ábhartha i gcás socraíochta traschórais mar chuid de nósanna imeachta socraíochta RTGS AS, go bhfuil an AS lena mbaineann mar chuid de shocrú socraíochta traschórais mar atá leagtha amach in Airteagal 9 de Chuid VI.

2.   Déanfaidh [cuir isteach ainm BC] aon ordú aistrithe airgid nach gcomhlíonann na coinníollacha a leagtar síos i mír 1 a dhiúltú láithreach. Cuirfidh [cuir isteach ainm BC] an rannpháirtí ar an eolas faoi aon diúltú d’ordú airigd aistrithe, mar a shonraítear i bhForscríbhinn I.

Airteagal 18

Orduithe aistrithe airgid a iontráil sa chóras agus a ndo-athraitheacht

1.   Chun críocha na chéad abairte d’Airteagal 3(1) agus d’Airteagal 5 de Threoir 98/26/CE agus [cuir isteach forálacha dlí náisiúnta lena gcuirtear na hAirteagail seo de Threoir 98/26/CE chun feidhme]:

| (a) | measfar gach ordú aistrithe airgid, ach amháin mar a fhoráiltear i bpointí b), c) agus d) den mhír seo, a bheith curtha isteach i TARGET-[cuir isteach tagairt BC/tíre] agus neamh-inchúlghairthe ag an nóiméad a bhfuil cuntas TARGET an rannpháirtí ábhartha curtha chun dochair; |
| --- | --- |

(a)

measfar gach ordú aistrithe airgid, ach amháin mar a fhoráiltear i bpointí b), c) agus d) den mhír seo, a bheith curtha isteach i TARGET-[cuir isteach tagairt BC/tíre] agus neamh-inchúlghairthe ag an nóiméad a bhfuil cuntas TARGET an rannpháirtí ábhartha curtha chun dochair;

| (b) | meastar go ndéantar orduithe íocaíochta meandraí a bheith curtha isteach i TARGET-[cuir isteach tagairt BC/tíre] agus a bheith neamhinchúlghairthe ag an nóiméad a fhorchoimeádtar na cistí ábhartha ar DCA TIPS an rannpháirtí nó ar a chuntas teicniúil DCA TIPS; |
| --- | --- |

(b)

meastar go ndéantar orduithe íocaíochta meandraí a bheith curtha isteach i TARGET-[cuir isteach tagairt BC/tíre] agus a bheith neamhinchúlghairthe ag an nóiméad a fhorchoimeádtar na cistí ábhartha ar DCA TIPS an rannpháirtí nó ar a chuntas teicniúil DCA TIPS;

| (c) | i gcás idirbheart atá socraithe ar DCAnna T2S agus atá faoi réir dhá ordú aistrithe ar leith a chomhoiriúnú:






  (i) | meastar go ndéantar orduithe aistrithe den sórt sin curtha isteach i TARGET-[cuir isteach tagairt BC/tíre] tráth ar dearbhaíodh ar Ardán T2S go gcomhlíonann siad rialacha teicniúla T2S agus meastar gur neamhinchúlghairthe iad tráth a dtugadh an stádas “comhoiriúnaithe” don idirbheart ar Ardán T2S; |
| --- | --- | --- |

(c)

i gcás idirbheart atá socraithe ar DCAnna T2S agus atá faoi réir dhá ordú aistrithe ar leith a chomhoiriúnú:

(i)

meastar go ndéantar orduithe aistrithe den sórt sin curtha isteach i TARGET-[cuir isteach tagairt BC/tíre] tráth ar dearbhaíodh ar Ardán T2S go gcomhlíonann siad rialacha teicniúla T2S agus meastar gur neamhinchúlghairthe iad tráth a dtugadh an stádas “comhoiriúnaithe” don idirbheart ar Ardán T2S;

| (ii) | i gcás idirbheart a bhaineann le TLU rannpháirteach amháin a bhfuil comhpháirt comhoiriúnaithe ar leithligh aige ina seoltar orduithe aistrithe go díreach chuig an TLU rannpháirteach sin chun comhoiriúnú a dhéanamh orthu ina chomhpháirt comhoiriúnaithe ar leithligh, meastar go gcuirtear orduithe aistrithe den sórt sin isteach i TARGET-[cuir isteach tagairt BC/tíre] tráth ar dearbhaíodh iad a bheith comhlíonta le rialacha teicniúla T2S ag an TLU rannpháirteach sin agus meastar go bhfuil siad neamhinchúlghairthe tráth a dtugtar stádas “comhoiriúnaithe” don idirbheart ar Ardán T2S. Tá liosta de na TLUanna rannpháirteacha dá dtagraítear sa phointe (ii) seo ar fáil ar shuíomh gréasáin an BCE; |
| --- | --- |

(ii)

i gcás idirbheart a bhaineann le TLU rannpháirteach amháin a bhfuil comhpháirt comhoiriúnaithe ar leithligh aige ina seoltar orduithe aistrithe go díreach chuig an TLU rannpháirteach sin chun comhoiriúnú a dhéanamh orthu ina chomhpháirt comhoiriúnaithe ar leithligh, meastar go gcuirtear orduithe aistrithe den sórt sin isteach i TARGET-[cuir isteach tagairt BC/tíre] tráth ar dearbhaíodh iad a bheith comhlíonta le rialacha teicniúla T2S ag an TLU rannpháirteach sin agus meastar go bhfuil siad neamhinchúlghairthe tráth a dtugtar stádas “comhoiriúnaithe” don idirbheart ar Ardán T2S. Tá liosta de na TLUanna rannpháirteacha dá dtagraítear sa phointe (ii) seo ar fáil ar shuíomh gréasáin an BCE;

| (d) | measfar orduithe aistrithe airgid i dtaca le nósanna imeachta socraíochta AS RTGS a bheith curtha isteach i gcóras comhpháirte de TARGET an chuntais atá le cur chun dochair tráth a ghlacfaidh an córas comhpháirte de TARGET sin leo agus measfar go bhfuil siad neamhinchúlghairithe ag an nóiméad sin. |
| --- | --- |

(d)

measfar orduithe aistrithe airgid i dtaca le nósanna imeachta socraíochta AS RTGS a bheith curtha isteach i gcóras comhpháirte de TARGET an chuntais atá le cur chun dochair tráth a ghlacfaidh an córas comhpháirte de TARGET sin leo agus measfar go bhfuil siad neamhinchúlghairithe ag an nóiméad sin.

2.   Ní dhéanfaidh forálacha mhír 1 difear d’aon rialacha AS a shonraíonn nóiméad iontrála san AS agus/nó do-athraitheacht na n-orduithe aistrithe a chuirtear faoina bhráid ag pointe ama níos luaithe ná nóiméad iontrála na n-orduithe aistrithe AS faoi seach sa chóras comhpháirte ábhartha de TARGET.

3.   Ní fhéadfar orduithe aistrithe airgid a chuimsítear in algartam a chúlghairm le linn na tréimhse ina bhfuil an t-algartam á reáchtáil.

Airteagal 19

Nósanna imeachta leanúnachais gnó agus teagmhasachta

1.   I gcás teagmhais sheachtraigh neamhghnácha nó aon teagmhas eile a dhéanann difear d’idirbhearta ar chuntais TARGET, beidh feidhm ag na nósanna imeachta leanúnachais gnó agus nósanna imeachta teagmhasachta a thuairiscítear i bhFoscríbhinn IV.

2.   I gcúinsí eisceachtúla féadfar sceideal oibriúcháin TARGET a athrú, agus sa chás sin cuirfear na rannpháirtithe ar an eolas trí [cuir isteach ainm BC].

3.   I gcúinsí eisceachtúla féadfaidh AS iarraidh a dhéanamh ar [cuir isteach ainm BC] sceideal oibriúcháin TARGET a mhodhnú.

4.   Soláthraíonn an tEurochóras Réiteach Teagmhasachta le húsáid má tharlaíonn na himeachtaí a thuairiscítear i mír 1. Beidh nasc leis an Réiteach Teagmhasachta agus a úsáid éigeantach do rannpháirtithe a mheasann [cuir isteach ainm BC] a bheith ríthábhachtach agus do rannpháirtithe a shocraíonn idirbhearta ríthábhachtacha, mar atá leagtha amach i bhFoscríbhinn IV. Féadfaidh rannpháirtithe eile, arna iarraidh sin, ceangal a dhéanamh leis an Réiteach Teagmhasachta.

Airteagal 20

Ceanglais slándála

1.   Cuirfidh rannpháirtithe rialuithe slándála leordhóthanacha i bhfeidhm chun a gcórais a chosaint ar rochtain agus úsáid neamhúdaraithe. Beidh na rannpháirtithe freagrach go heisiach as rúndacht, sláine agus infhaighteacht a gcóras a chosaint go leordhóthanach.

2.   Cuirfidh na rannpháirtithe [cuir isteach ainm BC] ar an eolas láithreach faoi aon teagmhas a bhaineann le slándáil ina mbonneagar teicniúil agus, nuair is iomchuí, teagmhais a bhaineann le slándáil a tharlaíonn do bhonneagar teicniúil na soláthraithe tríú páirtí. Féadfaidh [cuir isteach ainm BC] tuilleadh faisnéise a iarraidh faoin teagmhas agus, más gá, a iarraidh ar an rannpháirtí bearta iomchuí a dhéanamh chun atarlú teagmhais den sórt sin a chosc.

3.   Féadfaidh [cuir isteach ainm BC] ceanglais bhreise slándála a fhorchur, go háirithe maidir le cibearshlándáil nó chun calaois a chosc, ar gach rannpháirtí agus/nó ar rannpháirtithe a mheastar a bheith an-thábhachtach ag [cuir isteach ainm BC].

4.   Soláthróidh na rannpháirtithe na nithe seo a leanas do [cuir isteach ainm BC]: (i) rochtain bhuan ar a bhfianú ar chloí le riachtanais slándála críochphointe a NSP roghnaithe; agus (ii) ar bhonn bliantúil ráiteas féindeimhnithe TARGET de réir mar is gá do na cineálacha cuntas a shealbhaíonn siad agus mar a fhoilsítear ar shuíomh gréasáin [cuir isteach ainm BC] agus ar shuíomh gréasáin an BCE i mBéarla.

5.   Déanfaidh [cuir isteach ainm BC] measúnú ar ráiteas (ráitis) féindeimhnithe an rannpháirtí ar leibhéal comhlíonta an rannpháirtí le gach ceann de na ceanglais atá leagtha amach i gceanglais féindeimhnithe TARGET. Liostaítear na ceanglais seo i bhFoscríbhinn VII.

6.   Déanfar leibhéal comhlíonta an rannpháirtí le riachtanais fhéindeimhnithe TARGET a chatagóiriú mar seo a leanas, in ord méaditheach déine: “comhlíonadh iomlán”; “mion-neamhchomhlíonadh”; nó, “neamhchomhlíonadh mór”. Tá feidhm ag na critéir seo a leanas: sroichtear comhlíonadh iomlán nuair a shásaíonn na rannpháirtithe 100% de na riachtanais; is é mion-neamhchomhlíonadh cás ina shásaíonn rannpháirtí níos lú ná 100% ach 66% ar a laghad de na ceanglais agus is é neamhchomhlíonadh mór cás ina shásaíonn rannpháirtí níos lú ná 66% de na ceanglais. Má thaispeánann rannpháirtí nach bhfuil ceanglas sonrach infheidhme maidir leis, measfar go gcomhlíonann sé an ceanglas faoi seach chun críocha an chatagóirithe. Déanfaidh rannpháirtí nach dtagainn ar “chomhlíonadh iomlán” plean gníomhaíochta a thíolacadh a thaispeánfaidh conas atá sé ar intinn aige comhlíonadh iomlán a bhaint amach. Cuirfidh [cuir isteach ainm BC] na húdaráis mhaoirseachta ábhartha ar an eolas faoi stádas chomhlíonadh an rannpháirtí sin.

7.   Má dhiúltaíonn an rannpháirtí rochtain bhuan a dheonú ar a fhianú ar chloí riachtanais slándála críochphointe a NSP roghnaithe nó mura soláthraíonn sé féindeimhniúchán TARGET, déanfar leibhéal comhlíonta an rannpháirtí a chatagóiriú mar “neamhchomhlíonadh mór”.

8.   Déanfaidh [cuir isteach ainm BC] athmheasúnú ar chomhlíonadh na rannpháirtithe ar bhonn bliantúil.

9.   Féadfaidh an [cuir isteach ainm BC] na bearta sásaimh seo a leanas a fhorchur ar rannpháirtithe ar measadh go raibh a leibhéal comhlíonta mar mion-neamhchomhlíonadh nó neamhchomhlíonadh mór, in ord méadaitheach déine:

| (a) | níos mó monatóireachta: soláthróidh an rannpháirtí tuarascáil mhíosúil do [cuir isteach ainm BC], arna síniú ag feidhmeannach sinsearach, ar a dhul chun cinn maidir le dul i ngleic leis an neamhchomhlíonadh. Ina theannta sin, gearrfaidh an rannpháirtí muirear pionóis míosúil de EUR 1 000 ar gach cuntas lena mbaineann. Féadfar an beart sásaimh seo a fhorchur i gcás go bhfaighidh an rannpháirtí an dara measúnú leantach ar mhion-neamhchomhlíonadh nó measúnú ar neamhchomhlíonadh mór; |
| --- | --- |

(a)

níos mó monatóireachta: soláthróidh an rannpháirtí tuarascáil mhíosúil do [cuir isteach ainm BC], arna síniú ag feidhmeannach sinsearach, ar a dhul chun cinn maidir le dul i ngleic leis an neamhchomhlíonadh. Ina theannta sin, gearrfaidh an rannpháirtí muirear pionóis míosúil de EUR 1 000 ar gach cuntas lena mbaineann. Féadfar an beart sásaimh seo a fhorchur i gcás go bhfaighidh an rannpháirtí an dara measúnú leantach ar mhion-neamhchomhlíonadh nó measúnú ar neamhchomhlíonadh mór;

| (b) | fionraí: féadfar rannpháirtíocht i TARGET-[cuir isteach tagairt BC/tíre] a chur ar fionraí sna himthosca a thuairiscítear in Airteagal 25 (2), pointí (b) agus/nó (c). De mhaolú ar Airteagal 25, tabharfar fógra trí mhí faoin bhfionraí sin don rannpháirtí. Gearrfaidh an rannpháirtí muirear pionóis míosúil de EUR 2 000 ar gach cuntas fionraithe. Féadfar an beart sásaimh seo a fhorchur i gcás go bhfaighidh an rannpháirtí an dara measúnú leantach ar neamhchomhlíonadh mór; |
| --- | --- |

(b)

fionraí: féadfar rannpháirtíocht i TARGET-[cuir isteach tagairt BC/tíre] a chur ar fionraí sna himthosca a thuairiscítear in Airteagal 25 (2), pointí (b) agus/nó (c). De mhaolú ar Airteagal 25, tabharfar fógra trí mhí faoin bhfionraí sin don rannpháirtí. Gearrfaidh an rannpháirtí muirear pionóis míosúil de EUR 2 000 ar gach cuntas fionraithe. Féadfar an beart sásaimh seo a fhorchur i gcás go bhfaighidh an rannpháirtí an dara measúnú leantach ar neamhchomhlíonadh mór;

| (c) | foirceannadh: féadfar rannpháirtíocht i TARGET-[cuir isteach tagairt BC/tíre] a chur ar fionraí sna himthosca a thuairiscítear in Airteagal 25(2), pointí (b) agus/nó (c). De mhaolú ar Airteagal 25, tabharfar fógra trí mhí don rannpháirtí. Gearrfaidh an rannpháirtí muirear pionóis breise de EUR 1 000 i leith gach cuntais fhoirceanta. Féadfar an beart sásaimh seo a fhorchur mura ndeachaigh an rannpháirtí i ngleic leis an neamhchomhlíonadh mór chun sástacht [cuir isteach ainm BC] tar éis trí mhí a bheith ar fionraí. |
| --- | --- |

(c)

foirceannadh: féadfar rannpháirtíocht i TARGET-[cuir isteach tagairt BC/tíre] a chur ar fionraí sna himthosca a thuairiscítear in Airteagal 25(2), pointí (b) agus/nó (c). De mhaolú ar Airteagal 25, tabharfar fógra trí mhí don rannpháirtí. Gearrfaidh an rannpháirtí muirear pionóis breise de EUR 1 000 i leith gach cuntais fhoirceanta. Féadfar an beart sásaimh seo a fhorchur mura ndeachaigh an rannpháirtí i ngleic leis an neamhchomhlíonadh mór chun sástacht [cuir isteach ainm BC] tar éis trí mhí a bheith ar fionraí.

10.   Maidir le rannpháirtithe a cheadaíonn rochtain ar a gcuntas TARGET ag tríú páirtithe, mar atá leagtha amach in Airteagal 7 agus rannpháirtithe a bhfuil sealbhóirí BIC inteagmhálacha cláraithe acu mar atá leagtha amach i gCuid III, Airteagal 2, tabharfaidh siad aghaidh ar an riosca a eascróidh as rochtain den sórt sin a cheadú, i gcomhréir leis na ceanglais slándála atá leagtha amach i míreanna 1 go 9.

Airteagal 21

Scéim chúitimh

Mura féidir ordú um aistriú airgid a shocrú ar an lá gnó céanna ar glacadh leis mar gheall ar mhífheidhm theicniúil TARGET, tairgfidh [cuir isteach ainm BC] an rannpháirtí lena mbaineann a chúiteamh de réir an nós imeachta speisialta atá leagtha síos i bhFoscríbhinn II.

Airteagal 22

Córas dliteanais

1.   Agus a n-oibleagáidí á gcomhlíonadh acu de bhun na gCoinníollacha seo, beidh [cuir isteach ainm BC] agus na rannpháirtithe faoi cheangal ag dualgas ginearálta cúraim réasúnaigh i ndáil lena chéile.

2.   Beidh [cuir isteach ainm BC] faoi dhliteanas dá rannpháirtithe i gcásanna calaoise (lena n-áirítear ach gan a bheith teoranta do mhí-iompar toiliúil) nó mórfhaillí, as aon chaillteanas a eascróidh as oibriú TARGET-[cuir isteach tagairt BC/tíre]. I gcásanna gnáthfhaillí, beidh dliteanas [cuir isteach ainm BC] teoranta do chaillteanas díreach an rannpháirtí, i.e. méid an idirbhirt atá i gceist agus/nó an caillteanas úis air, gan aon chaillteanas iarmhartach a áireamh.

3.   Ní bheidh [cuir isteach ainm BC] faoi dhliteanas as aon chaillteanas a eascraíonn as aon mhífheidhmiú nó aon chliseadh i mbonneagar teicniúil (lena n-áirítear bonneagar ríomhaireachta, cláir, sonraí, feidhmchláir nó líonraí [cuir isteach ainm BC]), má tharlaíonn mífheidhmiú nó cliseadh den sórt sin in ainneoin gur ghlac [cuir isteach ainm BC] na bearta sin is gá le réasún chun an bonneagar sin a chosaint ar mhífheidhmiú nó ar chliseadh, agus chun iarmhairtí an mhífheidhmithe nó an chliste sin a réiteach (lena n-áirítear ach nach bhfuil teoranta do nósanna imeachta leanúnachais gnó agus teagmhasachta dá dtagraítear i bhFoscríbhinn IV a thionscnamh agus a chríochnú).

4.   Ní bheidh [cuir isteach ainm BC] faoi dhliteanas:

| (a) | a mhéid is gurb é an rannpháirtí is cúis leis an gcaillteanas; nó |
| --- | --- |

(a)

a mhéid is gurb é an rannpháirtí is cúis leis an gcaillteanas; nó

| (b) | má eascraíonn an caillteanas ó theagmhais sheachtracha nach raibh neart réasúnach ag [cuir isteach ainm BC] orthu (force majeure). |
| --- | --- |

(b)

má eascraíonn an caillteanas ó theagmhais sheachtracha nach raibh neart réasúnach ag [cuir isteach ainm BC] orthu (force majeure).

5.   D’ainneoin na [cuir isteach forálacha dlí náisiúnta is infheidhmne] chun feidhme, beidh feidhm ag míreanna 1 go 4 a mhéid is féidir dliteanas [cuir isteach ainm BC] a eisiamh.

6.   Glacfaidh [cuir isteach ainm BC] agus na rannpháirtithe gach beart réasúnach agus indéanta chun aon damáiste nó caillteanas dá dtagraítear san Airteagal seo a mhaolú.

7.   Agus cuid dá chuid oibleagáidí nó gach ceann dá chuid oibleagáidí faoi na Coinníollacha seo á gcomhlíonadh aige, féadfaidh [cuir isteach ainm BC] tríú páirtithe a choimisiúnú ar a son, go háirithe soláthraithe teileachumarsáide nó líonra eile nó eintitis eile, más gá sin chun oibleagáidí [cuir isteach ainm BC] a chomhlíonadh] nó más gnáthchleachtas margaidh é. Beidh oibleagáid [cuir isteach ainm BC] teoranta do roghnú agus do choimisiúnú cuí aon tríú páirtithe den sórt sin agus beidh dliteanas [cuir isteach ainm BC] teoranta dá réir. Chun críocha na míre seo, ní mheasfar gur tríú páirtithe iad na BCNanna Leibhéal 3

Airteagal 23

Fianaise

1.   Mura bhforáiltear a mhalairt sna Coinníollacha seo, déanfar gach teachtaireacht a bhaineann le horduithe aistrithe airgid amhail deimhnithe dochair nó creidmheasanna, nó teachtaireachtaí ráitis, idir [cuir isteach ainm BC] agus na rannpháirtithe, tríd an NSP ábhartha.

2.   Glacfar le taifid leictreonacha nó i scríbhinn de na teachtaireachtaí arna gcoimeád ag [cuir isteach ainm BC] nó ag an NSP ábhartha mar mhodh fianaise ar na híocaíochtaí arna bpróseáil trí [cuir isteach ainm BC]. Glacfar leis an leagan sábháilte nó an leagan clóite den teachtaireacht bhunaidh NSP mar mhodh fianaise, beag beann ar fhoirm na teachtaireachta bunaidh.

3.   Má theipeann ar nasc rannpháirtí leis an NSP, úsáidfidh an rannpháirtí na bealaí malartacha chun teachtaireachtaí a tharchur mar a a aontaíodh le [cuir isteach ainm BC]. I gcásanna den sórt sin, beidh an luach fianaise céanna ag an leagan sábháilte nó clóite den teachtaireacht arna táirgeadh ag [cuir isteach ainm BC] agus a bhí ag an teachtaireacht bhunaidh, beag beann ar a foirm.

4.   Coinneoidh [cuir isteach ainm BC] taifid iomlána ar orduithe aistrithe airgid a chuireann rannpháirtithe isteach agus ar íocaíochtaí a fhaigheann siad ar feadh tréimhse [cuir isteach tréimhse a cheanglaítear leis an dlí náisiúnta ábhartha] ón am a gcuirtear na horduithe aistrithe airgid sin isteach agus a fhaightear na híocaíochtaí sin, ar choinníoll go gcumhdóidh na taifid iomlána sin cúig bliana ar a laghad le haghaidh aon rannpháirtí i TARGET atá faoi réir aireachais leanúnaigh de bhun bearta sriantacha arna nglacadh ag Comhairle an Aontais Eorpaigh nó ag na Ballstáit, nó níos mó má éilítear le rialacháin shonracha é.

5.   Glacfar le leabhair agus taifid [cuir isteach ainm BC] féin mar mhodh fianaise ar aon oibleagáidí a bhaineann leis na rannpháirtithe agus ar aon fhíorais agus teagmhais a bhfuil na páirtithe ag brath orthu.

Airteagal 24

Fad agus gnáthfhoirceannadh rannpháirtíochta agus dúnadh cuntas

1.   Gan dochar d’Airteagal 25, beidh rannpháirtíocht i TARGET-[cuir isteach tagairt BC/tíre] ar feadh tréimhse éiginnte.

2.   Féadfaidh rannpháirtí aon cheann díobh seo a leanas a fhoirceannadh tráth ar bith agus fógra 14 lá gnó a thabhairt ina thaobh, mura rud é go gcomhaontaíonn sé tréimhse fógra níos giorra le [cuir isteach ainm BC].

| (a) | a rannpháirtíocht iomlán i TARGET-[cuir isteach tagairt BC/tíre]; |
| --- | --- |

(a)

a rannpháirtíocht iomlán i TARGET-[cuir isteach tagairt BC/tíre];

| (b) | ceann amháin nó níos mó dá DCAnna, cuntais theicniúla AS RTGS agus/ nó cuntais theicniúla AS TIPS ; |
| --- | --- |

(b)

ceann amháin nó níos mó dá DCAnna, cuntais theicniúla AS RTGS agus/ nó cuntais theicniúla AS TIPS ;

| (c) | ceann amháin nó níos mó dá MCAnna, ar choinníoll go leanann sé de bheith ag cloí le hAirteagal 6. |
| --- | --- |

(c)

ceann amháin nó níos mó dá MCAnna, ar choinníoll go leanann sé de bheith ag cloí le hAirteagal 6.

3.   Féadfaidh [cuir isteach ainm BC] aon cheann díobh seo a leanas a fhoirceannadh tráth ar bith agus fógra trí mhí a thabhairt ina thaobh, mura gcomhaontaíonn sé tréimhse fógra níos giorra leis an rannpháirtí ábhartha:

| (a) | rannpháirtíocht iomlán rannpháirtí i TARGET-[cuir isteach tagairt BC/tíre]; |
| --- | --- |

(a)

rannpháirtíocht iomlán rannpháirtí i TARGET-[cuir isteach tagairt BC/tíre];

| (b) | ceann amháin nó níos mó de DCAnna aonair ,cuntais theicniúla RTGS AS nó cuntais theicniúla TIPS AS rannpháirtí; |
| --- | --- |

(b)

ceann amháin nó níos mó de DCAnna aonair ,cuntais theicniúla RTGS AS nó cuntais theicniúla TIPS AS rannpháirtí;

| (c) | ceann amháin nó níos mó de MCAnna rannpháirtí, ar choinníoll go leanann sé MCA amháin ar a laghad a shealbhú. |
| --- | --- |

(c)

ceann amháin nó níos mó de MCAnna rannpháirtí, ar choinníoll go leanann sé MCA amháin ar a laghad a shealbhú.

4.   Ar fhoirceannadh rannpháirtíochta, fanfaidh na dualgais rúndachta atá leagtha síos in Airteagal 28 i bhfeidhm ar feadh tréimhse cúig bliana a thosóidh le dáta an fhoirceanta.

5.   Ar fhoirceannadh rannpháirtíochta, dúnfaidh [cuir isteach ainm BC] cuntais TARGET uile an rannpháirtí lena mbaineann i gcomhréir le hAirteagal 26.

Airteagal 25

Fionraí agus foirceannadh urghnách rannpháirtíochta

1.   Déanfar rannpháirtíocht rannpháirtí i TARGET-[cuir isteach tagairt BC/tíre] a fhoirceannadh láithreach gan fógra roimh ré nó a chur ar fionraí má tharlaíonn ceann de na teagmhais mhainneachtana seo a leanas:

| (a) | tionsnamh imeachtaí dócmhainneachta; agus/nó |
| --- | --- |

(a)

tionsnamh imeachtaí dócmhainneachta; agus/nó

| (b) | níchomhlíonann an rannpháirtí na critéir rochtana atá leagtha síos in Airteagal 4 a thuilleadh. |
| --- | --- |

(b)

níchomhlíonann an rannpháirtí na critéir rochtana atá leagtha síos in Airteagal 4 a thuilleadh.

Chun críocha na míre seo, ní cháileoidh bearta um chosc géarchéime nó bearta um bainistíocht géarchéime de réir bhrí Threoir 2014/59/AE i gcoinne rannpháirtí go huathoibríoch mar thionsnamh imeachtaí dócmhainneachta.

2.   Féadfaidh [cuir isteach ainm BC] rannpháirtíocht rannpháirti i TARGET-[cuir isteach tagairt BC/tíre] a fhoircheannadh gan fógra a thabhairt roimh ré nó an rannpháirtíocht sin a chur ar fionraí más rud é:

| (a) | go dtarlaíonn teagmhas mainneachtana amháin nó níos mó (seachas iad siúd dá dtagraítear i mír 1); |
| --- | --- |

(a)

go dtarlaíonn teagmhas mainneachtana amháin nó níos mó (seachas iad siúd dá dtagraítear i mír 1);

| (b) | go bhfuil sárú ábhartha déanta ag an rannpháirtí ar aon cheann de na Coinníollacha seo; |
| --- | --- |

(b)

go bhfuil sárú ábhartha déanta ag an rannpháirtí ar aon cheann de na Coinníollacha seo;

| (c) | go mainníonn an rannpháirtí aon oibleagáid ábhartha a chur i gcrích i ndáil le [cuir isteach ainm BC]; |
| --- | --- |

(c)

go mainníonn an rannpháirtí aon oibleagáid ábhartha a chur i gcrích i ndáil le [cuir isteach ainm BC];

| (d) | go scoirfidh an rannpháirtí de chomhaontú bailí a bheith aige le NSP chun an nasc riachtanach le TARGET a sholáthar; |
| --- | --- |

(d)

go scoirfidh an rannpháirtí de chomhaontú bailí a bheith aige le NSP chun an nasc riachtanach le TARGET a sholáthar;

| (e) | go dtarlaíonn aon teagmhas eile a bhaineann le rannpháirtíocht, a chuirfeadh, i measúnú [cuir isteach ainm BC], bagairt ar chobhsaíocht, fhóntacht agus shábháilteacht fhoriomlán TARGET-[cuir isteach tagairt BC/tíre] nó aon chóras comhpháirte eile de TARGET, nó a chuirfeadh feidhmíocht chúraimí [cuir isteach ainm BC] i mbaol mar a thuairiscítear i [déan tagairt don dlí náisiúnta ábhartha] agus i Reacht an Chórais Eorpaigh Banc Ceannais agus an Bhainc Ceannais Eorpaigh, nó a chruthaíonn rioscaí ar fhorais stuamachta; |
| --- | --- |

(e)

go dtarlaíonn aon teagmhas eile a bhaineann le rannpháirtíocht, a chuirfeadh, i measúnú [cuir isteach ainm BC], bagairt ar chobhsaíocht, fhóntacht agus shábháilteacht fhoriomlán TARGET-[cuir isteach tagairt BC/tíre] nó aon chóras comhpháirte eile de TARGET, nó a chuirfeadh feidhmíocht chúraimí [cuir isteach ainm BC] i mbaol mar a thuairiscítear i [déan tagairt don dlí náisiúnta ábhartha] agus i Reacht an Chórais Eorpaigh Banc Ceannais agus an Bhainc Ceannais Eorpaigh, nó a chruthaíonn rioscaí ar fhorais stuamachta;

| (f) | go ndéanann BCN rochtain an rannpháirtí ar chreidmheas idirlae a chur ar fionraí nó a fhoirceannadh, lena n-áirítear uathchomhthaobhacht, de bhun Chuid II, Airteagal 13; agus/nó |
| --- | --- |

(f)

go ndéanann BCN rochtain an rannpháirtí ar chreidmheas idirlae a chur ar fionraí nó a fhoirceannadh, lena n-áirítear uathchomhthaobhacht, de bhun Chuid II, Airteagal 13; agus/nó

| (g) | go bhfuil an rannpháirtí eisiata ó nó go scoirfidh sé ar dhóigh eile de bheith ina bhall de cheann de Ghrúpa Dúnta Úsáideoirí an NSP. |
| --- | --- |

(g)

go bhfuil an rannpháirtí eisiata ó nó go scoirfidh sé ar dhóigh eile de bheith ina bhall de cheann de Ghrúpa Dúnta Úsáideoirí an NSP.

3.   Agus a lánrogha á fheidhmiú aige faoi mhír 2, cuirfidh [ainm BC isteach] san áireamh, inter alia, tromchúis an teagmhais mainneachtana nó na teagmhas a luaitear i bpointí (a) go (c) d’Airteagal 2.

4.   I gcás go gcuirfidh [cuir isteach ainm BC] rannpháirtíocht rannpháirtí i TARGET-[cuir isteach tagairt BC/tíre] ar fionraí nó go ndéanfaidh sé an rannpháirtíocht sin a fhoirceannadh faoi mhíreanna 1 nó 2, cuirfidh [cuir isteach ainm BC] na BCanna eile agus sealbhóirí cuntais PM i ngach ceann de chórais chomhpháirteanna de TARGET ar an eolas gan mhoill mhíchuí – trí bhíthin teachtaireacht craolta, faoin bhfionraí nó faoin bhfoirceannadh sin. Measfar gur eisíodh an teachtaireacht sin ó BC baile an rannpháirtí faoi seach.

5.   A luaithe a gheobhaidh na rannpháirtithe teachtaireacht a eisítear faoi mhír 4, measfar go bhfuil siad curtha ar an eolas faoi fhoirceannadh/fhionraí rannpháirtíocht rannpháirtí i TARGET- [cuir isteach tagairt BC/tíre] nó i gcóras comhpháirte eile de TARGET. Íocfaidh na rannpháirtithe aon chaillteanais a eascróidh as ordú aistrithe airgid a chur isteach chuig rannpháirtithe a bhfuil a rannpháirtíocht curtha ar fionraí nó a fhoirceannadh má rinneadh an t-ordú aistrithe airgid sin i TARGET-[cuir isteach tagairt BC/tíre] tar éis an teachtaireacht a fháil.

Airteagal 26

Cuntais TARGET a dhúnadh ag [cuir isteach ainm BC] ar an rannpháirtíocht a fhoirceannadh

Ar fhoirceannadh rannpháirtíocht rannpháirtí i TARGET-[cuir isteach tagairt BC/tíre] de bhun Airteagal 24 nó Airteagal 25, dúnfaidh [cuir isteach ainm BC] cuntais TARGET an rannpháirtí lena mbaineann, tar éis dó aon orduithe aistrithe airgid scuaine a shocrú nó a dhiúltú, agus úsáid a bhaint as a chearta gealltáin agus fritháirimh faoi Airteagal 27.

Airteagal 27

Cearta gealltáin agus fritháirimh [cuir isteach ainm BC]

1.   [Cuir isteach más infheidhme: Beidh gealltán ag [cuir isteach ainm BC] maidir le hiarmhéideanna creidmheasa an rannpháirtí atá ann cheana agus a bheidh ann sa todhchaí ar a chuntais TARGET, agus ar an gcaoi sin déanann sé aon éileamh reatha agus aon éileamh sa todhchaí a eascróidh as an gcaidreamh dlíthiúil idir na páirtithe a chomhthaobhú]

| (a) | [cuir isteach más infheidhme: Aistreofar éilimh rannpháirtí atá ann cheana agus a bheidh ann i leith [cuir isteach ainm BC] agus a eascróidh as iarmhéid creidmheasa ar an gcuntas TARGET chuig [cuir isteach ainm BC] mar chomhthaobhacht, i.e. mar aistriú muiníneach, le haghaidh aon éilimh [cuir isteach ainm BC] atá ann cheana nó a bheidh ann i gcoinne an rannpháirtí a éiríonn as an [cuir isteach tagairt don socrú a chuireann na Coinníollacha seo chun feidhme]. Bunófar an chomhthaobhacht sin toisc na cistí a bheith curtha chun sochair do chuntais TARGET an rannpháirtí agus dá thoisc sin amháin.] |
| --- | --- |

(a)

[cuir isteach más infheidhme: Aistreofar éilimh rannpháirtí atá ann cheana agus a bheidh ann i leith [cuir isteach ainm BC] agus a eascróidh as iarmhéid creidmheasa ar an gcuntas TARGET chuig [cuir isteach ainm BC] mar chomhthaobhacht, i.e. mar aistriú muiníneach, le haghaidh aon éilimh [cuir isteach ainm BC] atá ann cheana nó a bheidh ann i gcoinne an rannpháirtí a éiríonn as an [cuir isteach tagairt don socrú a chuireann na Coinníollacha seo chun feidhme]. Bunófar an chomhthaobhacht sin toisc na cistí a bheith curtha chun sochair do chuntais TARGET an rannpháirtí agus dá thoisc sin amháin.]

| (b) | [Cuir isteach más infheidhme: Beidh muirear foluaineach ag [cuir isteach ainm BC] thar iarmhéideanna creidmheasa an rannpháirtí atá ann cheana nó a bheidh ann ar a chuntais TARGET, agus ar an gcaoi sin déanfaidh sé aon éilimh atá ann cheana nó a bheidh ann agus a eascróidh as an gcaidreamh dlíthiúil idir na páirtithe, a chomhthaobhú.] |
| --- | --- |

(b)

[Cuir isteach más infheidhme: Beidh muirear foluaineach ag [cuir isteach ainm BC] thar iarmhéideanna creidmheasa an rannpháirtí atá ann cheana nó a bheidh ann ar a chuntais TARGET, agus ar an gcaoi sin déanfaidh sé aon éilimh atá ann cheana nó a bheidh ann agus a eascróidh as an gcaidreamh dlíthiúil idir na páirtithe, a chomhthaobhú.]

2.   [Cuir isteach más infheidhme: Beidh an ceart dá dtagraítear i mír 1 ag [cuir isteach ainm BC] fiú mura bhfuil a éilimh ach teagmhasach nó mura bhfuil siad dlite fós.]

3.   [Cuir isteach más infheidhme: Admhaíonn an rannpháirtí leis seo, ag gníomhú dó ina cháil mar shealbhóir cuntas TARGET, gealltán a chruthú i bhfabhar [cuir isteach ainm BC], ar osclaíodh an cuntas sin leis; is éard a bheidh san admháil seo soláthar sócmhainní atá curtha in ngeall do [cuir isteach ainm BC] dá dtagraítear faoin dlí [cuir isteach aidiacht náisiúnta ábhartha]. Geallfar go neamh-inchúlghairthe, agus gan aon teorainn, aon mhéideanna a íoctar isteach i gcuntais TARGET a bhfuil a n-iarmhéid curtha i ngeall toisc gur íocadh isteach iad agus toisc sin amháin, mar urrús comhthaobhachta chun na hoibleagáidí urraithe a chomhlíonadh go hiomlán.]

4.   Nuair a tharlaíonn:

| (a) | teagmhas mainneachtana, dá dtagraítear in Airteagal 25(1); nó |
| --- | --- |

(a)

teagmhas mainneachtana, dá dtagraítear in Airteagal 25(1); nó

| (b) | aon teagmhas mainneachtana eile nó aon teagmhas dá dtagraítear in Airteagal 25(2) as ar eascair foirceannadh nó fionraí rannpháirtíocht an rannpháirtí, d’ainneoin tús a bheith curtha le haon imeachtaí dócmhainneachta i leith rannpháirtí agus d’ainneoin aon sanndh, astú breithiúnach nó astú eile nó diúscairt chearta an rannpháirtí nó diúscairt ina leith, cuirfidh dlús láithreach agus uathoibríoch le gach oibleagáid atá ag an rannpháirtí, |
| --- | --- |

(b)

aon teagmhas mainneachtana eile nó aon teagmhas dá dtagraítear in Airteagal 25(2) as ar eascair foirceannadh nó fionraí rannpháirtíocht an rannpháirtí, d’ainneoin tús a bheith curtha le haon imeachtaí dócmhainneachta i leith rannpháirtí agus d’ainneoin aon sanndh, astú breithiúnach nó astú eile nó diúscairt chearta an rannpháirtí nó diúscairt ina leith, cuirfidh dlús láithreach agus uathoibríoch le gach oibleagáid atá ag an rannpháirtí,

gan fhógra roimh ré agus gan gá le ceadú roimh ré ó aon údarás, ionas go mbeidh sé dlite láithreach. Ina theannta sin, déanfar oibleagáidí frithpháirteacha an rannpháirtí agus [cuir isteach ainm BC] a fhritháireamh go huathoibríoch i gcoinne a chéile, agus íocfaidh an páirtí a bhfuil an méid féichiúnais is airde aige an difríocht leis an bpáirtí eile.

5.   Tabharfaidh [cuir isteach ainm BC] fógra go pras don rannpháirtí faoi aon fhritháireamh de bhun mhír 4 tar éis don fhritháireamh sin a bheith déanta.

6.   Féadfaidh [cuir isteach ainm BC] gan fógra roimh ré dochar a dhéanamh do chuntas TARGET an rannpháirtí de mhéid ar bith a dhlíonn an rannpháirtí do [cuir isteach ainm BC] agus a eascraíonn as an gcaidreamh dlíthiúil idir an rannpháirtí agus [cuir isteach ainm BC].

7.   Ní dhéanfaidh forálacha an Airteagail seo aon cheart, gealltán, muirear éilimh nó cuntais fritháirimh a chruthú a leith cuntais TARGET seo a leanas a úsáideann AS:

| (a) | cuntais TARGET a úsáidtear de réir na nósanna imeachta socraíochta AS faoi Chuid VI nó faoi Chuid VII; |
| --- | --- |

(a)

cuntais TARGET a úsáidtear de réir na nósanna imeachta socraíochta AS faoi Chuid VI nó faoi Chuid VII;

| (b) | cuntais TARGET arna sealbhú ag AS faoi Chodanna II go V, i gcás nach leis an AS na cistí a choinnítear sna cuntais sin ach go gcoinnítear iad thar ceann a gcustaiméirí nó go n-úsáidtear iad chun orduithe aistrithe airgid a shocrú thar ceann a gcustaiméirí. |
| --- | --- |

(b)

cuntais TARGET arna sealbhú ag AS faoi Chodanna II go V, i gcás nach leis an AS na cistí a choinnítear sna cuntais sin ach go gcoinnítear iad thar ceann a gcustaiméirí nó go n-úsáidtear iad chun orduithe aistrithe airgid a shocrú thar ceann a gcustaiméirí.

Airteagal 28

Rúndacht

1.   Coinneoidh [cuir isteach ainm BC] gach faisnéis íogair nó rúnda faoi rún, lena n-áirítear nuair a bhaineann an fhaisnéis sin le híocaíocht, faisnéis theicniúil nó eagraíochtúil an rannpháirtí, rannpháirtithe ón ngrúpa céanna nó chustaiméirí an rannpháirtí, mura rud é gur thug an rannpháirtí nó a chustaiméir thoiliú i scríbhinn leis an bhfaisnéis sin a nochtadh [cuir isteach an frása seo a leanas más infheidhme faoin dlí náisiúnta: nó mura rud é go bhfuil nochtadh den sórt sin ceadaithe nó riachtanach faoin dlí [cuir isteach aidiacht a bhaineann le hainm tíre].

2.   De mhaolú ar mhír 1, aontaíonn an rannpháirtí nach measfar gur faisnéis faoi rún í, faisnéis um aon ghníomh a dhéantar faoi Airteagal 25.

3.   De mhaolú ar mhír 1, aontaíonn an rannpháirtí go bhféadfaidh [cuir isteach ainm BC] faisnéis íocaíochta, theicniúil nó eagraíochtúil maidir leis an rannpháirtí, rannpháirtithe ón ngrúpa céanna nó custaiméirí an rannpháirtí a fuarthas le linn oibriú TARGET-[cuir isteach tagairt BC/tíre] a nochtadh do:

| (a) | BCanna eile nó tríú páirtithe a bhfuil baint acu le hoibriú TARGET-[cuir isteach tagairt BC/tíre], a mhéid is gá chun feidhmiú éifeachtach TARGET nó chun faireachán a dhéanamh ar risíocht an rannpháirtí nó a ghrúpa baincéireachta; |
| --- | --- |

(a)

BCanna eile nó tríú páirtithe a bhfuil baint acu le hoibriú TARGET-[cuir isteach tagairt BC/tíre], a mhéid is gá chun feidhmiú éifeachtach TARGET nó chun faireachán a dhéanamh ar risíocht an rannpháirtí nó a ghrúpa baincéireachta;

| (b) | BCanna eile d’fhonn na hanailísí is gá a dhéanamh ar oibríochtaí margaidh, feidhmeanna beartais airgeadaíochta, cobhsaíocht airgeadais nó comhtháthú airgeadais; nó |
| --- | --- |

(b)

BCanna eile d’fhonn na hanailísí is gá a dhéanamh ar oibríochtaí margaidh, feidhmeanna beartais airgeadaíochta, cobhsaíocht airgeadais nó comhtháthú airgeadais; nó

| (c) | údaráis mhaoirseachta, réitigh agus formhaoirseachta na mBallstát agus an Aontais, lena n-áirítear BCanna, a mhéid is gá sin chun a gcúraimí poiblí a chomhlíonadh,
  agus ar choinníoll nach bhfuil sé neamhréir leis an dlí is infheidhme. |
| --- | --- |

(c)

údaráis mhaoirseachta, réitigh agus formhaoirseachta na mBallstát agus an Aontais, lena n-áirítear BCanna, a mhéid is gá sin chun a gcúraimí poiblí a chomhlíonadh,

agus ar choinníoll nach bhfuil sé neamhréir leis an dlí is infheidhme.

4.   Ní bheidh [cuir isteach ainm BC] faoi dhliteanas as iarmhairtí airgeadais agus tráchtála an nochta a dhéanfar i gomhréir le mír 3.

5.   De mhaolú ar mhír 1 agus ar choinníoll nach féidir leis sin, cibé acu go díreach nó go hindíreach, an rannpháirtí nó custaiméirí an rannpháirtí a shainaithint, féadfaidh [cuir isteach ainm BC] faisnéis íocaíochta a úsáid, a nochtadh nó a fhoilsiú maidir leis an rannpháirtí nó le custaiméirí an rannpháirtí chun críocha staidrimh, staire, eolaíochta nó chun críocha eile i bhfeidhmiú a fheidhmeanna poiblí nó feidhmeanna eintiteas poiblí eile a nochtar an fhaisnéis dóibh.

6.   Ní féidir faisnéis a bhaineann le hoibriú TARGET-[cuir isteach tagairt BC/tíre] a raibh rochtain ag rannpháirtithe uirthi, a úsáid ach chun na gcríoch atá leagtha síos sna Coinníollacha seo. Coinneoidh na rannpháirtithe an fhaisnéis sin faoi rún, mura rud é gur thug [cuir isteach ainm BC] a thoiliú i scríbhinn le nochtadh. Cinnteoidh na rannpháirtithe go mbeidh aon tríú páirtithe a ndéanann siad cúraimí a eisfhoinsiú, a tharmligean nó a ligean ar fhochonradh dóibh, agus a bhfuil nó a bhféadfadh tionchar a bheith acu ar chomhlíonadh oibleagáidí na bpáirtithe faoi na Coinníollacha seo, faoi cheangal ag na ceanglais rúndachta san Airteagal seo.

7.   Údarófar [cuir isteach ainm BC], d’fhonn orduithe aistrithe airgid a shocrú, na sonraí riachtanacha a phróiseáil agus a aistriú chuig an NSP.

Airteagal 29

Cosaint sonraí, sciúradh airgid a chosc, bearta riaracháin nó sriantacha agus saincheisteanna gaolmhara

1.   Measfar go bhfuil rannpháirtithe ar an eolas faoina gcuid oibleagáidí go léir a bhaineann le reachtaíocht maidir le cosaint sonraí agus comhlíonfaidh siad na hoibleagáidí go léir orthu a bhaineann leis an reachtaíocht sin agus beidh siad in ann an comhlíonadh sin a thaispeáint do na húdaráis inniúla. Measfar go bhfuil na rannpháirtithe ar an eolas faoina n-oibleagáidí go léir a bhaineann le reachtaíocht maidir le cosc ar sciúradh airgid agus maoiniú sceimhlitheoireachta, gníomhaíochtaí núicléacha atá leathadh-íogair agus forbairt na gcóras seachadta arm núicléach, agus comhlíonfaidh siad na hoibleagáidí uile sin, go háirithe i dtéarmaí bearta iomchuí a chur chun feidhme maidir le haon íocaíochtaí a chuirtear do dhochar nó do shochar a gcuntais TARGET. Cinnteoidh na rannpháirtithe go gcuirfear ar an eolas iad faoi bheartas aisghabhála sonraí a NSP roghnaithe sula dtéann siad i mbun an chaidrimh chonarthaigh leis an NSP.

2.   Údaraíonn na rannpháirtithe do [cuir isteach ainm BC] aon fhaisnéis a bhaineann leo a fháil ó aon údarás airgeadais nó maoirseachta nó comhlacht trádála, cibé acu náisiúnta nó eachtrannach é, más gá an fhaisnéis sin chun go mbeidh an rannpháirtí rannpháirteach i TARGET-[cuir isteach tagairt BC/tíre].

3.   Comhlíonfaidh na rannpháirtithe, agus iad ag gníomhú mar sholáthraí seirbhíse íocaíochta íocóra nó íocaí, na ceanglais go léir a eascróidh as bearta riaracháin nó sriantacha a fhorchuirtear de bhun Airteagal 75 nó Airtegal 215 den Chonradh agus a bhfuil siad faoina réir, lena n-áirítear iad siúd maidir le fógra agus/nó cead a fháil ó údarás inniúil i ndáil le hidirbhearta a phróiseáil. Ina theannta sin:

| (a) | nuair is é [cuir isteach ainm BC] soláthraí seirbhíse íocaíochta rannpháirtí ar íocóir é:






  (i) | tabharfaidh an rannpháirtí an fógra riachtanach nó gheobhaidh sé toiliú thar ceann an bhainc ceannais a éilítear go príomha fógra a thabhairt nó toiliú a fháil, agus soláthróidh sé fianaise do [cuir isteach ainm BC] gur thug sé fógra nó go bhfuair sé toiliú; |
| --- | --- | --- |

(a)

nuair is é [cuir isteach ainm BC] soláthraí seirbhíse íocaíochta rannpháirtí ar íocóir é:

(i)

tabharfaidh an rannpháirtí an fógra riachtanach nó gheobhaidh sé toiliú thar ceann an bhainc ceannais a éilítear go príomha fógra a thabhairt nó toiliú a fháil, agus soláthróidh sé fianaise do [cuir isteach ainm BC] gur thug sé fógra nó go bhfuair sé toiliú;

| (ii) | ní dhéanfaidh an rannpháirtí aon ordú aistrithe airgid chun cistí a aistriú chuig cuntas atá i seilbh eintitis nach é an rannpháirtí é, isteach i TARGET go dtí go bhfaighidh sé deimhniú ó [cuir isteach ainm BC] gur tugadh an fógra riachtanach nó go bhfuair soláthróir seirbhíse íocaíochta an íocaí an toiliú nó go bhfuarthas é thar a cheann; |
| --- | --- |

(ii)

ní dhéanfaidh an rannpháirtí aon ordú aistrithe airgid chun cistí a aistriú chuig cuntas atá i seilbh eintitis nach é an rannpháirtí é, isteach i TARGET go dtí go bhfaighidh sé deimhniú ó [cuir isteach ainm BC] gur tugadh an fógra riachtanach nó go bhfuair soláthróir seirbhíse íocaíochta an íocaí an toiliú nó go bhfuarthas é thar a cheann;

| (b) | nuair is [cuir isteach ainm BC] soláthraí seirbhíse íocaíochta rannpháirtí ar íocaí é, tabharfaidh an rannpháirtí an fógra riachtanach nó gheobhaidh sé toiliú thar ceann an bhainc ceannais a éilítear go príomha chun fógra a thabhairt nó toiliú a fháil, agus déanfaidh sé fianaise a sholáthar don [cuir isteach ainm BC] go ndearna sé fógra nó go bhfuair sé toiliú. |
| --- | --- |

(b)

nuair is [cuir isteach ainm BC] soláthraí seirbhíse íocaíochta rannpháirtí ar íocaí é, tabharfaidh an rannpháirtí an fógra riachtanach nó gheobhaidh sé toiliú thar ceann an bhainc ceannais a éilítear go príomha chun fógra a thabhairt nó toiliú a fháil, agus déanfaidh sé fianaise a sholáthar don [cuir isteach ainm BC] go ndearna sé fógra nó go bhfuair sé toiliú.

Chun críocha na míre seo, beidh leis na téarmaí “soláthraí seirbhíse íocaíochta”, “íocóir” agus “íocaí” na bríonna a shanntar dóibh sna bearta riaracháin nó sriantacha is infheidhme.

Airteagal 30

Fógraí

1.   Ach amháin mar a fhoráiltear a mhalairt sna Coinníollacha seo, seolfar gach fógra a éilítear nó a cheadaítear de bhun na gCoinníollacha seo leis an bpost cláraithe, leis an fhacsamhail, trí mhodhanna leictreonacha, má chomhaontaítear é sin go déthaobhach nó ar shlí eile i scríbhinn. Cuirfear fógraí do [cuir isteach ainm BC] faoi bhráid cheann na [cuir isteach roinn na gcóras íocaíochta nó an t-aonad ábhartha BC] de [cuir isteach ainm BC], [cuir seoladh ábhartha BC san áireamh] nó chuig [cuir isteach seoladh BIC an BC]. Seolfar fógraí chuig an rannpháirtí ag an seoladh, an uimhir facs nó a sheoladh BIC de réir mar a thugann an rannpháirtí le fios ó am go ham don [cuir isteach ainm BC] iad.

2.   Chun a chruthú gur seoladh fógra, is leor a chruthú gur seoladh an fógra go fisiciúil nó go leictreonach chuig an seolaí ábhartha

3.   Scríobhfar gach fógra i [cuir isteach an teanga náisiúnta ábhartha agus/nó i “mBéarla”].

4.   Beidh na rannpháirtithe faoi cheangal ag gach foirm agus doiciméad [cuir isteach ainm BC] a líon agus/nó a shínigh siad, lena n-áirítear ach gan a bheith teoranta d’fhoirmeacha bailithe sonraí tagartha, dá dtagraítear in Airteagal 5(2), pointe (a), agus faisnéis arna soláthar faoi Airteagal 11(54), a cuireadh isteach de réir mhíreanna 1 agus 2 agus a gcreideann [cuir isteach ainm BC] le réasún a fuarthas ó na rannpháirtithe, a bhfostaithe nó a ngníomhairí.

Airteagal 31

Caidreamh conarthach le NSP

1.   D’fhonn treoracha agus teachtaireachtaí a sheoladh chuig nó a fháil ó TARGET, caithfidh rannpháirtithe:

| (a) | conradh a thabhairt i gcrích le NSP faoi chuimsiú an chonartha lamháltais leis an NSP sin d’fhonn nasc teicniúil a bhunú le TARGET [cuir isteach tagairt BC/tíre]; nó |
| --- | --- |

(a)

conradh a thabhairt i gcrích le NSP faoi chuimsiú an chonartha lamháltais leis an NSP sin d’fhonn nasc teicniúil a bhunú le TARGET [cuir isteach tagairt BC/tíre]; nó

| (b) | nasc a dhéanamh trí aonán eile a chuir conradh é féin le NSP i gcrích faoi chuimsiú a chonartha lamháltais leis an NSP sin. |
| --- | --- |

(b)

nasc a dhéanamh trí aonán eile a chuir conradh é féin le NSP i gcrích faoi chuimsiú a chonartha lamháltais leis an NSP sin.

2.   Beidh an caidreamh dlíthiúil idir rannpháirtí agus an NSP á rialú go heisiach ag téarmaí agus coinníollacha an chonartha a tugadh i gcrích eatarthu.

3.   Ní bheidh na seirbhísí atá le soláthar ag NSP mar chuid de na seirbhísí a bheidh le déanamh ag [cuir isteach ainm BC] i leith TARGET.

4.   Ní bheidh [cuir isteach ainm BC] faoi dhliteanas as aon ghníomhartha, earráidí nó easnaimh de chuid NSP (lena n-áirítear a stiúrthóirí, a fhoireann agus a fhochonraitheoirí) nó as aon ghníomhartha, earráidí nó easnaimh tríú páirtithe a roghnaíonn rannpháirtithe chun rochtain a fháil ar líonra NSP.

Airteagal 32

Nós Imeachta leasuithe

Féadfaidh [cuir isteach ainm BC] na Coinníollacha seo, lena n-áirítear na Foscríbhinní, a leasú go haontaobhach. Fógrófar leasuithe ar na Coinníollacha seo, lena n-áirítear na Foscríbhinní, trí [cuir isteach modh ábhartha fógartha]. Measfar gur glacadh le leasuithe mura ndéanann an rannpháirtí agóid go sainráite laistigh de 14 lá tar éis dó a bheith curtha ar an eolas faoi na leasuithe sin. Sa chás go ndéanann an rannpháirtí agóid in aghaidh an leasaithe, tá an [cuir isteach ainm BC] i dteideal rannpháirtíocht an rannpháirtí sin i TARGET-[cuir isteach tagairt BC/tíre] a fhoirceannadh agus aon cheann dá chuntais TARGET a dhúnadh.

Airteagal 33

Cearta tríú páirtithe

1.   Ní dhéanfaidh rannpháirtithe aon chearta, leasanna, oibleagáidí, freagrachtaí nó éilimh a eascróidh as na Coinníollacha seo nó a bhaineann leo a aistriú, a gheallúint nó a shannadh do thríú páirtí ar bith gan toiliú i scríbhinn ón [cuir isteach ainm BC].

2.   Ní chruthaíonn na Coinníollacha seo aon chearta i bhfabhar nó aon oibleagáidí i ndáil le haon eintiteas seachas [cuir isteach ainm BC] agus rannpháirtithe i TARGET-[cuir isteach tagairt BC/tíre].

Airteagal 34

Dlí rialaithe, dlínse agus ionad feidhmíochta

1.   Beidh an caidreamh déthaobhach idir an [cuir isteach ainm BC] agus rannpháirtithe i TARGET-[cuir isteach tagairt BC/tíre] faoi rialú ag an dlí [cuir isteach aidiacht a bhaineann le hainm na tíre].

2.   Gan dochar d’inniúlacht Chúirt Bhreithiúnais an Aontais Eorpaigh, tagann aon díospóid a eascraíonn as ábhar a bhaineann leis an gcaidreamh dá dtagraítear i mír 1 faoi inniúlacht eisiach na gcúirteanna inniúla [cuir isteach áit shuíochán an BC].

3.   Is é [cuir isteach áit shuíochán BC] an t-ionad feidhmíochta maidir leis an gcaidreamh dlíthiúil idir [cuir isteach tagairt do BC] agus na rannpháirtithe.

Airteagal 35

Inscoiteacht

Má tá nó má éiríonn aon fhoráil sna Coinníollacha seo neamhbhailí, ní dhéanfaidh sin dochar d’infheidhmeacht fhorálacha eile na Coinníollacha seo.

Airteagal 36

Teacht i bhfeidhm agus nádúr ceangailteach

1.   Tiocfaidh na Coinníollacha seo i bhfeidhm ón [cuir isteach an dáta ábhartha].

2.   [Cuir isteach más iomchuí faoin dlí náisiúnta ábhartha: Trí iarraidh a bheith rannpháirteach i TARGET- cuir isteach tagairt BC/tíre] aontaíonn rannpháirtithe iarrathacha go huathoibríoch leis na Coinníollacha seo eatarthu féin agus maidir le [cuir isteach ainm BC].]

CUID II

Téarmaí agus coinníollacha speisialta do phríomh-chuntais airgid (MCAS)

Téarmaí agus coinníollacha speisialta do phríomh-chuntais airgid (MCAS)

Airteagal 1

Oscailt agus bainistíú MCA

1.   Osclóidh agus oibreoidh [cuir isteach ainm BC] cuntas MCA amháin ar a laghad do gach rannpháirtí ach amháin i gcás gur AS an rannpháirtí nach n-úsáideann ach nósanna imeachta socraíochta RTGS nó AS TIPS, agus sa chás sin is faoi rogha an AS a bheidh úsáid MCA.

2.   Chun críche oibríochtaí beartais airgeadaíochta a shocrú mar atá leagtha amach in [cuir isteach tagairt don doiciméadacht Ghinearálta], agus chun úis ó oibríochtaí den sórt sin a shocrú, ainmneoidh an rannpháirtí MCA príomha a shealbhaítear i [cuir isteach ainm BC].

3.   Úsáidfear an MCA príomha a ainmneofar i gcomhréir le mír 2 chun na críocha seo a leanas:

| (a) | luach saothair mar atá leagtha amach i gCuid I, Airteagal 12, mura rud é go bhfuil rannpháirtí eile i TARGET-[cuir isteach tagairt BC/tíre] ainmnithe ag an rannpháirtí chun na críche sin; |
| --- | --- |

(a)

luach saothair mar atá leagtha amach i gCuid I, Airteagal 12, mura rud é go bhfuil rannpháirtí eile i TARGET-[cuir isteach tagairt BC/tíre] ainmnithe ag an rannpháirtí chun na críche sin;

| (b) | deonú creidmheasa idirlae nuair is infheidhme. |
| --- | --- |

(b)

deonú creidmheasa idirlae nuair is infheidhme.

4.   Ní bheidh aon iarmhéid diúltach ar MCA príomha níos ísle ná an líne creidmheasa (má dheonaítear é). Ní bheidh aon iarmhéid dochair ar MCA nach MCA príomha é.

Airteagal 2

Comhbhainistíú MCA

1.   Ar iarraidh ó shealbhóir MCA, ligfidh [cuir isteach ainm BC] do MCA atá i seilbh an tsealbhóra MCA sin á chomhbhainistiú ag ceann amháin díobh seo a leanas:

| (a) | sealbhóir MCA eile i TARGET-[cuir isteach tagairt BC/tíre]; |
| --- | --- |

(a)

sealbhóir MCA eile i TARGET-[cuir isteach tagairt BC/tíre];

| (b) | sealbhóir MCA i gcóras comhpháirte eile de TARGET; |
| --- | --- |

(b)

sealbhóir MCA i gcóras comhpháirte eile de TARGET;

| (c) | [cuir isteach ainm BC] más infheidhme]. |
| --- | --- |

(c)

[cuir isteach ainm BC] más infheidhme].

Má tá níos mó ná MCA amháin ag sealbhóir an MCA, féadfaidh gach MCA a shealbhaítear á chomhbhainistiú ag comhbhainisteoir difriúil.

Beidh na cearta agus na pribhléidí céanna ag an gcomhbhainisteoir maidir le MCA a chomhbhainistíonn sé agus atá aige maidir lena MCA féin.

2.   Soláthróidh sealbhóir an MCA fianaise do [cuir isteach ainm BC] maidir le toiliú an chomhbhainisteora chun gníomhú sa cháil sin. [Le cuir isteach má úsáidtear 1(c) - Ní bheidh gá le fianaise den sórt sin maidir le toiliú chun gníomhú i gcás gurb é an comhbhainisteoir [cuir isteach ainm BC]

3.   Comhlíonfaidh sealbhóir MCA atá ag gníomhú mar chomhbhainisteoir oibleagáidí shealbhóir MCA an MCA comhbhainistithe faoi Chuid I, Airteagal 5(1), pointe (a)(i), Cuid I, Airteagal 10(4), agus Cuid I, Airteagal 31(1).

4.   Comhlíonfaidh sealbhóir MCA MCA comhbhainistithe oibleagáidí rannpháirtí faoi Chuid I agus Cuid II i leith an MCA comhbhainistithe. Sa chás nach bhfuil nasc díreach teicniúil ag sealbhóir an MCA le TARGET, ní bheidh feidhm ag Cuid I, Airteagal 5(1), pointe (a)(i), Cuid I, Airteagal 10(4), agus Cuid I, Airteagal 31(1 ).

5.   Beidh feidhm ag Cuid I, Airteagal 7 maidir le sealbhóir aerárthach lag-chomhlíontach a ainmneoidh eintiteas chun gníomhú mar chomhbhainisteoir ar aerárthach lag-chomhlíontach de bhun an Airteagail seo.

6.   Tabharfaidh sealbhóir an MCA fógra [láithreach] don [cuir isteach ainm BC] má scoireann an comhbhainisteoir de ghníomhú nó má chuirtear deireadh leis an socrú comhbhainistíochta idir sealbhóir an MCA agus an comhbhainisteoir.

Airteagal 3

Grúpa aistrithe leachtachta MCA

1.   Ar iarratas ó shealbhóir MCA, cruthóidh [cuir isteach ainm BC] grúpa aistrithe leachtachta MCA, chun próiseáil orduithe aistrithe leachtachta MCA-go-MCA a chumasú.

2.   Ar iarratas ó shealbhóir MCA cuirfidh [cuir isteach ainm BC] ceann de MCAnna shealbhóir an MCA le nó scriosfaidh sé é ó ghrúpa aistrithe leachtachta MCA atá ann cheana a cruthaíodh i TARGET-[cuir isteach tagairt Bc/tíre] nó córas comhpháirte eile de TARGET. Cuirfidh sealbhóir an MCA gach sealbhóir MCA eile sa ghrúpa aistrithe leachtachta MCA sin ar an eolas sula ndéanfaidh sé iarratas den chineál sin.

Airteagal 4

Idirbhearta arna bpróiseáil trí MCA

1.   Déantar na hidirbhearta seo a leanas a phróiseáil trí MCA i TARGET-[cuir isteach tagairt BC/tíre):

| (a) | oibríochtaí bainc ceannais; |
| --- | --- |

(a)

oibríochtaí bainc ceannais;

| (b) | orduithe aistrithe leachtachta chuig agus ó chuntais taisce thar oíche arna n-oscailt ag [cuir isteach ainm BC] in ainm an rannpháirtí; |
| --- | --- |

(b)

orduithe aistrithe leachtachta chuig agus ó chuntais taisce thar oíche arna n-oscailt ag [cuir isteach ainm BC] in ainm an rannpháirtí;

| (c) | orduithe aistrithe leachtachta chuig MCA eile laistigh den ghrúpa aistrithe leachtachta MCA céanna; |
| --- | --- |

(c)

orduithe aistrithe leachtachta chuig MCA eile laistigh den ghrúpa aistrithe leachtachta MCA céanna;

| (d) | orduithe aistrithe leachtachta chuig DCA T2S, DCA TIPS nó DCA RTGS, nó chuig fochuntas de. |
| --- | --- |

(d)

orduithe aistrithe leachtachta chuig DCA T2S, DCA TIPS nó DCA RTGS, nó chuig fochuntas de.

2.   Déantar an t-idirbheart seo a leanas a phróiseáil trí MCA i TARGET-[cuir isteach tagairt BC/tíre):

| (a) | [cuir isteach más gá [orduithe aistrithe airgid a eascraíonn as lóisteálacha agus aistarraingtí.]] |
| --- | --- |

(a)

[cuir isteach más gá [orduithe aistrithe airgid a eascraíonn as lóisteálacha agus aistarraingtí.]]

Airteagal 5

Orduithe aistrithe leachtacha

1.   Féadfaidh sealbhóir MCA orduú aistrithe leachtachtach a chur isteach mar cheann de na orduithe aistrithe leachtacha seo a leanas:

| (a) | ordú aistrithe leachtachta láithreach, ar treoir é maidir le forghníomhú láithreach; |
| --- | --- |

(a)

ordú aistrithe leachtachta láithreach, ar treoir é maidir le forghníomhú láithreach;

| (b) | buanordú aistrithe leachtachta, a bheidh ina threoir chun méid aistrithe sonraithe a fhorghníomhú go athfhillteach nuair a tharlaíonn teagmhas réamhshainithe gach lá gnó. |
| --- | --- |

(b)

buanordú aistrithe leachtachta, a bheidh ina threoir chun méid aistrithe sonraithe a fhorghníomhú go athfhillteach nuair a tharlaíonn teagmhas réamhshainithe gach lá gnó.

Airteagal 6

Orduithe aistrithe leachtacha riailbhunaithe

1.   Féadfaidh sealbhóir MCA íosteorainn agus/nó uasteorainn a shonrú le haghaidh a MCA

2.   Trí uasteorainn a shocrú agus ordú aistrithe leachtachta riailbhunaithe a roghnú, más rud é, tar éis ordú íocaíochta a shocrú, go sáraítear an uasteorainn, tugann sealbhóir an MCA treoir do [cuir isteach ainm BC] ordú aistrithe leachtachta riailbhunaithe a fhorghníomhú a thugann creidmheas do DCA RTGS nó MCA eile arna ainmniú ag an sealbhóir MCA sin agus atá laistigh den ghrúpa aistrithe leachtachta MCA céanna. Féadfaidh an DCA RTGS nó MCA creidiúnaithe bheith i TARGET-[cuir isteach tagairt BC/tíre] nó i gcóras comhpháirte eile deTARGET.

3.   Trí uasteorainn a shocrú agus ordú aistrithe leachtachta riailbhunaithe a roghnú, más rud é, tar éis ordú íocaíochta a shocrú, go sáraítear an íosteorainn, tionscnaítear ordú aistrithe leachtachta riailbhunaithe a chuireann dochair do DCA RTGS nó MCA eile arna ainmniú ag an sealbhóir MCA sin agus atá laistigh den ghrúpa aistrithe leachtachta MCA céanna. Féadfaidh an DCA RTGS nó MCA atá le cur do dhochar bheith i TARGET-[cuir isteach tagairt BC/tíre] nó i gcóras comhpháirte eile de TARGET. Caithfidh sealbhóir an DCA RTGS nó an MCA atá le cur do dhochar a údarú go ndéanfar a chuntas a chur do dhochar ar an mbealach seo.

4.   Féadfaidh sealbhóir MCA a MCA a údarú le bheith curtha do dhochar i gcás go sáraítear íosteorainn i gceann amháin nó níos mó de DCAnna RTGS nó MCAnna sonraithe atá laistigh den ghrúpa aistrithe leachtachta céanna i TARGET-[cuir isteach tagairt BC/tíre] nó i gcóras comhpháirte eile de TARGET. Trí údarú a thabhairt a chuntas a bheith curtha do dhochar, tugann sealbhóir an MCA treoir do [cuir isteach ainm BC] ordú aistrithe leachtachta riailbhunaithe a fhorghníomhú lena tugtar creidmheas do DCA(nna) RTGS nó MCA(nna) aon uair a sháraítear an íosteorainn.

5.   i gcás nach bhfuil go leor leachtacha ar DCA RTGS arna ainmniú chun críche orduithe aistrithe leachtachta uathoibrithe faoi Chuid III, Airteagal 1(5) agus (6), féadfaidh sealbhóir MCA a MCA a údarú le bheith curtha do dhochar chun orduithe íocaíochta práinneacha, orduithe aistrithe AS nó orduithe íocaíochta ardtosaíochta a shocrú. Trí údarú a thabhairt a chuntas a bheith curtha do dhochar, tugann sealbhóir an MCA treoir do [cuir isteach ainm BC] ordú aistrithe leachtachta riailbhunaithe a fhorghníomhú lena tugtar creidmheas dona DCA RTGS.

Airteagal 7

Orduithe forchoimeádas leachtachta

1.   Nuair a ghlacfar le horduithe aistrithe airgid, socrófar láithreach iad ar choinníoll go bhfuil leachtacht ar fáil ar MCA an íocóra.

2.   Sa chás nach bhfuil go leor airgid ar MCA chun socraíocht a chur i bhfeidhm, beidh feidhm ag an riail ábhartha mar atá leagtha amach i bpointí (a) go (e) [ag brath ar chineál an ordaithe aistrithe airgid]

| (a) | Ordú íocaíochta ar an MCA: diúltófar don treoir má thionscnaíonn an [cuir isteach ainm BC] é agus spreagfadh sé athrú ar líne creidmheasa idirlae an rannpháirtí agus dochair nó chreidmheas comhfhreagrach dá MCA. Ciúálfar gach treoir eile. |
| --- | --- |

(a)

Ordú íocaíochta ar an MCA: diúltófar don treoir má thionscnaíonn an [cuir isteach ainm BC] é agus spreagfadh sé athrú ar líne creidmheasa idirlae an rannpháirtí agus dochair nó chreidmheas comhfhreagrach dá MCA. Ciúálfar gach treoir eile.

| (b) | Ordú aistrithe leachtachta láithreach: diúltófar don ordú gan socraíocht páirteach nó aon iarracht bhreise é a shocrú. |
| --- | --- |

(b)

Ordú aistrithe leachtachta láithreach: diúltófar don ordú gan socraíocht páirteach nó aon iarracht bhreise é a shocrú.

| (c) | Buan-ordú aistrithe leachtachta : socrófar an t-ordú go páirteach gan aon iarracht eile é a shocrú. |
| --- | --- |

(c)

Buan-ordú aistrithe leachtachta : socrófar an t-ordú go páirteach gan aon iarracht eile é a shocrú.

| (d) | Ordú aistrithe leachtachta riailbhunaithe: socrófar an t-ordú go páirteach gan aon iarracht bhreise é a shocrú. |
| --- | --- |

(d)

Ordú aistrithe leachtachta riailbhunaithe: socrófar an t-ordú go páirteach gan aon iarracht bhreise é a shocrú.

| (e) | Ordú aistrithe leachtachta chuig cuntas taisce thar oíche: diúltófar don ordú gan socrú páirteach nó aon iarracht bhreise é a shocrú. |
| --- | --- |

(e)

Ordú aistrithe leachtachta chuig cuntas taisce thar oíche: diúltófar don ordú gan socrú páirteach nó aon iarracht bhreise é a shocrú.

3.   Próiseálfar gach ordú aistrithe airgid sa chiú de réir an phrionsabail “is túisce isteach is túisce amach” (FIFO) gan tosaíocht nó athordú a dhéanamh.

4.   Diúltófar d’orduithe aistrithe airgid sa chiú ag deireadh an lae gnó.

Airteagal 8

Orduithe Leachtachta

1.   Féadfaidh sealbhóir MCA treoir a thabhairt do [cuir isteach ainm BC] méid sonraithe leachtachta a fhorchoimeád ar a MCA chun oibríochtaí bainc cheannais nó orduithe aistrithe leachtachta chuig cuntais taisce thar oíche a shocrú ag baint úsáide as ceann amháin díobh seo a leanas:

| (a) | ordú cúl-leachtachta reatha a mbeidh éifeacht láithreach aige don lá gnó TARGET reatha; |
| --- | --- |

(a)

ordú cúl-leachtachta reatha a mbeidh éifeacht láithreach aige don lá gnó TARGET reatha;

| (b) | buanordú cúl-leachtachta a bheidh le déanamh ag tús gach lá gnó TARGET. |
| --- | --- |

(b)

buanordú cúl-leachtachta a bheidh le déanamh ag tús gach lá gnó TARGET.

2.   Sa chás nach leor an méid leachtachta nach cúl-leachtacht í chun an t-ordú cúl-leachtachta reatha nó buan a chomhlíonadh, déanfaidh [cuir isteach ainm BC] an ordú cúl-leachtacht go páirteach. Tugtar treoir do [cuir isteach ainm BC] tuilleadh orduithe cúl-leachtachta a fhorghníomhú go dtí go sroichfear an méid neamhíoctha a fhorchoimeád. Déanfar orduithe cúl-leachtachta atá ar feitheamh a dhiúltú ag deireadh an lae gnó.

3.   Socrófar oibríochtaí bainc ceannais ag baint úsáide as an cúl-leachtacht mar atá leagtha amach i mír 1 agus ní shocrófar orduithe aistrithe airgid eile ach amháin trí úsáid a bhaint as leachtacht atá ar fáil tar éis an méid a fhorchoimeádtar a asbhaint.

4.   D’ainneoin mhír 2, i gcás nach leor leachtacht nach cúl-leachtacht í ar phríomh-MCA shealbhóir an MCA chun líne creidmheasa ionlae shealbhóir an MCA a laghdú, úsáidfidh [cuir isteach ainm BC] an cúl-leachtacht.

Airteagal 9

Próiseáil orduithe aistrithe airgid i gcás fionraí nó foirceanta

1.   Ar fhoirceannadh rannpháirtíocht rannpháirtí i TARGET-[cuir isteach tagairt BC/tíre], ní ghlacfaidh [cuir isteach ainm BC] le haon orduithe nua aistrithe airgid ón rannpháirtí sin. Diúltófar d’orduithe aistrithe airgid sa chiú, d’orduithe aistrithe airgid stórasaithe nó d’orduithe nua aistrithe airgid i bhfabhar an rannpháirtí sin.

2.   Má chuirtear rannpháirtí ar fionraí ó TARGET-[cuir isteach tagairt BC/tíre] ar fhorais seachas na forais a shonraítear i gCuid I, Airteagal 25(1), pointe (a), stórálfaidh an [cuir isteach ainm BC] gach ceann d’orduithe aistrithe airgid isteach agus amach ar MCA an rannpháirtí sin agus gan iad a thíolacadh le haghaidh socraíochta ach amháin tar éis do BC an rannpháirtí fionraithe glacadh leo go sainráite.

3.   Má chuirtear rannpháirtí ar fionraí ó TARGET-[cuir isteach tagairt BC/tíre] ar na forais a shonraítear i gCuid I, Airteagal 25(1), pointe (a), ní phróiseálfar aon orduithe aistrithe airgid amach ó MCA an rannpháirtí sin ach ar threoracha a ionadaithe, lena n-áirítear iad siúd arna gceapadh ag údarás inniúil nó ag cúirt, mar riarthóir dócmhainneachta an rannpháirtí, nó de bhun cinnidh infhorghníomhaithe ó údarás inniúil nó ó chúirt lena soláthraítear treoracha maidir leis an gcaoi a ndéanfar na horduithe aistrithe airgid a phróiseáil. Próiseálfar gach orduithe aistrithe airgid isteach i gcomhréír le mír 2.

Airteagal 10

Eintitis atá incháilithe le haghaidh creidmheas ionlae

1.   Soláthróidh [cuir isteach ainm BC] creidmheas ionlae d’institiúidí creidmheasa a bunaíodh san Aontas nó sa LEE agus atá ina gcontrapháirtithe incháilithe d’oibríochtaí beartais airgeadaíochta an Eurochórais, agus a bhfuil rochtain acu ar an saoráid iasachta imeallach agus a bhfuil cuntas acu leis an BCN ábhartha an limistéir euro, lena n-áirítear nuair a ghníomhaíonn na hinstitiúidí creidmheasa sin trí bhrainse a bunaíodh san Aontas nó sa LEE agus lena n-áirítear freisin brainsí a bunaíodh san Aontas nó sa LEE d’institúidí creidmheasa a bunaítear lasmuigh de LEE, ar choinníoll go mbunaítear brainsí den sórt sin sa tír chéanna le BCN ábhartha an limistéir euro. Ní féidir creidmheas ionlae a sholáthar d’entitis atá faoi réir bearta sriantacha arna nglacadh ag Comhairle an Aontais Eorpaigh nó ag na Ballstáit de bhun Airteagal 65(1)(b), Airteagal 75 nó Airteagal 215 den Conradh, a bhfuil a gcur chun bhfeidhme, dar le [cuir isteach ainm BC] tar éis an BCE a chur ar an eolas, neamh-chomhoiriúnach le feidhmiú rianúil TARGET.

2.   Féadfaidh [cuir isteach ainm BCN] creidmheas idirlae a dheonú do na heintitis seo a leanas freisin:

| (a) | institiúidí creidmheasa a bunaíodh san Aontas nó sa LEE nach contrapháirtithe incháilithe iad le haghaidh oibríochtaí beartais airgeadaíochta an Eurochórais agus/nó nach bhfuil rochtain acu ar an tsaoráid iasachta imeallach, lena n-áirítear nuair a ghníomhaíonn siad trí bhrainse a bunaíodh san Aontas nó sa LEE agus lena n-áirítear brainsí a bunaíodh san Aontas nó sa LEE d’institiúidí creidmheasa a bhunaítear lasmuigh den LEE; |
| --- | --- |

(a)

institiúidí creidmheasa a bunaíodh san Aontas nó sa LEE nach contrapháirtithe incháilithe iad le haghaidh oibríochtaí beartais airgeadaíochta an Eurochórais agus/nó nach bhfuil rochtain acu ar an tsaoráid iasachta imeallach, lena n-áirítear nuair a ghníomhaíonn siad trí bhrainse a bunaíodh san Aontas nó sa LEE agus lena n-áirítear brainsí a bunaíodh san Aontas nó sa LEE d’institiúidí creidmheasa a bhunaítear lasmuigh den LEE;

| (b) | ranna cisteáin rialtais láir nó réigiúnacha na mBallstát agus comhlachtaí earnála poiblí na mBallstát atá údaraithe chun cuntais a choinneáil do chustaiméirí; |
| --- | --- |

(b)

ranna cisteáin rialtais láir nó réigiúnacha na mBallstát agus comhlachtaí earnála poiblí na mBallstát atá údaraithe chun cuntais a choinneáil do chustaiméirí;

| (c) | institúidí creidmheasa a bunaíodh san Aontas nó sa LEE, ar choinníoll go bhfuil socrú curtha i gcrích acu le rannpháirtí a bhfuil rochtain aige ar chreidmheas idirlae, mar a leagtar amach i mhír 1 thuas, chun a chinntiú go gcumhdófar aon staid dochair iarmharaigh ag deireadh an lae ábhartha; agus |
| --- | --- |

(c)

institúidí creidmheasa a bunaíodh san Aontas nó sa LEE, ar choinníoll go bhfuil socrú curtha i gcrích acu le rannpháirtí a bhfuil rochtain aige ar chreidmheas idirlae, mar a leagtar amach i mhír 1 thuas, chun a chinntiú go gcumhdófar aon staid dochair iarmharaigh ag deireadh an lae ábhartha; agus

| (d) | eintitis seachas iad siúd a thagann faoi phointe (a) a bhainistíonn AS agus a ghníomhaíonn sa cháil sin; |
| --- | --- |

(d)

eintitis seachas iad siúd a thagann faoi phointe (a) a bhainistíonn AS agus a ghníomhaíonn sa cháil sin;

ar choinníoll, sna cásanna a shonraítear i bpointí (b) go (d), go mbunaítear an t-eintiteas a fhaigheann creidmheas ionlae sa dlínse chéanna le [cuir isteach ainm an BC].

3.   Ní féidir creidmheas ionlae a dheonú ach ar laethanta gnó TARGET.

4.   Maidir leis na heintitis a luaitear i mír 2(b) go (d), agus i gcomhréir le [cuir insteach forálacha náisiúnta lena gcuirtear i bhfeidhm Airteagal 19 de Threoirlíne (AE) 2015/510 (BCE/2014/60)], beidh creidmheas idirlae teoranta don lá a dheonaithe agus ní fhéadfar aon síneadh creidmheasa thar oíche a fháil.

5.   Féadfaidh [cuir isteach ainm BC] rochtain ar an tsaoráid chreidmheasa thar oíche a sholáthar do CPLanna incháilithe áirithe,faoi raon feidhme Airteagail 139(2)(c) den Chonradh i gcomhar le hAirteagail 18 agus 42 de Reacht an CEBC agus [cuir isteach forálacha náisiúnta lena gcuirtear i bhfeidhm Airteagal 1(1) de Threoirlíne (AE) 2015/510 (BCE/2014/60)]. Is CPLanna incháilithe iad siúd, ag gach tráth iomchuí:

| (a) | atá ina n-eintitis incháilithe chun críocha mhír 2(d), ar choinníoll freisin go bhfuil na heintitis incháilithe sin údaraithe mar CPLanna de réir reachtaíocht an Aontais is infheidhme nó an reachtaíochta náisiúnta is infheidhme; |
| --- | --- |

(a)

atá ina n-eintitis incháilithe chun críocha mhír 2(d), ar choinníoll freisin go bhfuil na heintitis incháilithe sin údaraithe mar CPLanna de réir reachtaíocht an Aontais is infheidhme nó an reachtaíochta náisiúnta is infheidhme;

| (b) | atá bunaithe i limistéar an euro; |
| --- | --- |

(b)

atá bunaithe i limistéar an euro;

| (c) | a bhfuil rochtain acu ar chreidmheas ionlae. |
| --- | --- |

(c)

a bhfuil rochtain acu ar chreidmheas ionlae.

6.   Beidh gach creidmheas thar oíche a dheonófar do CPLanna incháilithe faoi réir théarmaí an Airteagail seo agus Airteagal 11 agus 12 (lena n-áirítear na forálacha maidir le comhthaobhacht incháilithe).

7.   Beidh feidhm ag na smachtbhannaí dá bhforáiltear i míreanna 12 agus 11 nuair a mhainníonn CPLanna incháilithe an creidmheas thar oíche a thug a BCN dóibh a aisíoc.

Airteagal 11

Comhthaobhacht incháilithe le haghaidh creidmheasa idirlae

Beidh creidmheas ionlae bunaithe ar chomhthaobhacht incháilithe. Beidh comhthaobhacht incháilithe comhdhéanta de na sócmhainní céanna atá incháilithe le húsáid in oibríochtaí beartais airgeadaíochta an Eurochórais, agus beidh sí faoi réir na rialacha céanna maidir le luach agus riosca a rialú leo siúd atá leagtha síos i [cuir insteach forálacha náisiúnta lena gcuirtear i bhfeidhm Cuid a Ceathair de Threoirlíne (AE) 2015/510 (BCE/2014/60)].

Airteagal 12

Nós imeachta síneadh creidmheasa le haghaidh creidmheasa idirlae

1.   Soláthrófar creidmheas ionlae saor ó ús.

2.   Measfar go huathoibríoch gur iarraidh ón eintiteas leas a bhaint as an tsaoráid iasachta imeallach mainneachtain eintitis dá dtagraítear i Airteagal 10( ) an creidmheas ionlae a aisíoc ag deireadh an lae. Má tá DCA ag eintiteas dá dtagraítear in Airteagal 10(1), cuirfear aon iarmhéid deiridh lae ar a DCA(nna) san áireamh chun méid an leasa is féidir an t-eintiteas a bhaint as an tsaoráid iasachta imeallach uathoibríoch a ríomh. Ní spreagfaidh sé seo aon scaoileadh coibhéiseach sócmhainní arna réamh-thaisceadh mar chomhthaobhacht don bhunchreidmheas ionlae gan íoc.

3.   Má mhainníonn eintiteas dá dtagraítear i Airteagal 10(),(b), (d) nó (Is ionann D) an creidmheas ionlae a aisíoc ag deireadh an lae ar chúis ar bith, beidh an t-eintiteas sin faoi dhliteanas na bpionós seo a leanas:

| (a) | má tá iarmhéid dochair ar chuntas an eintitis ábhartha ag deireadh an lae don chéad uair laistigh d’aon tréimhse 12 mhí, tabhóidh an t-eintiteas sin ús pionóis arna ríomh ag ráta cúig phointe céatadáin os cionn an ráta iasachta imeallaigh ar mhéid an iarmhéid dochair sin; |
| --- | --- |

(a)

má tá iarmhéid dochair ar chuntas an eintitis ábhartha ag deireadh an lae don chéad uair laistigh d’aon tréimhse 12 mhí, tabhóidh an t-eintiteas sin ús pionóis arna ríomh ag ráta cúig phointe céatadáin os cionn an ráta iasachta imeallaigh ar mhéid an iarmhéid dochair sin;

| (b) | má tá iarmhéid dochair ar chuntas an eintitis i dtrácht ag deireadh an lae don dara huair ar a laghad laistigh den tréimhse 12 mhí chéanna, déanfar an t-ús pionóis a luaitear i bhfomhír (a) a mhéadú de 2.5 phointe céatadáin do gach uair sa bhreis ar an gcéad cheann gur tharla suíomh dochair laistigh den tréimhse 12 mhí seo. |
| --- | --- |

(b)

má tá iarmhéid dochair ar chuntas an eintitis i dtrácht ag deireadh an lae don dara huair ar a laghad laistigh den tréimhse 12 mhí chéanna, déanfar an t-ús pionóis a luaitear i bhfomhír (a) a mhéadú de 2.5 phointe céatadáin do gach uair sa bhreis ar an gcéad cheann gur tharla suíomh dochair laistigh den tréimhse 12 mhí seo.

4.   Féadfaidh Comhairle Rialaithe BCE a chinneadh na pionóis a fhorchuirtear de bhun mhír 10 a tharscaoileadh nó a laghdú, má tá iarmhéid an rannphairtí i dtrácht ag deireadh an lae inchurtha i leith force majeure agus/nó mífheidhm theicniúil TARGET, an téarma deiridh mar a shainmhínítear in Iarscríbhinn III é.

Airteagal 13

Creidmheas ionlae a fhionraí, a theorannú nó a fhoirceannadh

1.   Déanfaidh [cuir isteach ainm BCN] rochtain ar chreidmheas idirlae a chur ar fionraí nó a fhoirceannadh má tharlaíonn ceann de na himeachtaí mainneachtana seo a leanas:

| (a) | cuirtear príomh-MCA an rannpháirtí leis an [cuir isteach ainm BCN] ar fionraí nó cuirtear deireadh leis; |
| --- | --- |

(a)

cuirtear príomh-MCA an rannpháirtí leis an [cuir isteach ainm BCN] ar fionraí nó cuirtear deireadh leis;

| (b) | ní chomhlíonann an rannpháirtí lena mbaineann aon cheann de na ceanglais a leagtar síos in Airteagal 10 chun creidmheas idirlae a sholáthar a thuilleadh; |
| --- | --- |

(b)

ní chomhlíonann an rannpháirtí lena mbaineann aon cheann de na ceanglais a leagtar síos in Airteagal 10 chun creidmheas idirlae a sholáthar a thuilleadh;

| (c) | déanann údarás breithiúnach inniúil nó údarás eile cinneadh in ndáil leis an rannpháirtí, nós imeachta a chur chun feidhme chun an rannpháirtí a fhoirceannadh nó leachtaitheoir nó oifigeach comhchosúil a cheapadh don rannpháirtí nó aon nós imeachta comhchosúil eile a chur chun feidhme i ndáil leis an rannpháirtí; |
| --- | --- |

(c)

déanann údarás breithiúnach inniúil nó údarás eile cinneadh in ndáil leis an rannpháirtí, nós imeachta a chur chun feidhme chun an rannpháirtí a fhoirceannadh nó leachtaitheoir nó oifigeach comhchosúil a cheapadh don rannpháirtí nó aon nós imeachta comhchosúil eile a chur chun feidhme i ndáil leis an rannpháirtí;

| (d) | bíonn an rannpháirtí faoi réir reo cistí agus/nó bearta eile arna bhforchur ag an Aontas lena sriantar cumas an eintitis a chistí a úsáid; |
| --- | --- |

(d)

bíonn an rannpháirtí faoi réir reo cistí agus/nó bearta eile arna bhforchur ag an Aontas lena sriantar cumas an eintitis a chistí a úsáid;

| (e) | cuireadh incháilitheacht an rannpháirtí mar chontrapháirtí d’oibríochtaí bheartas airgeadaíochta an Eurochórais ar fionraí nó cuireadh deireadh leis. |
| --- | --- |

(e)

cuireadh incháilitheacht an rannpháirtí mar chontrapháirtí d’oibríochtaí bheartas airgeadaíochta an Eurochórais ar fionraí nó cuireadh deireadh leis.

2.   féadfaidh [cuir isteach ainm BCN] rochtain ar chreidmheas idirlae a chur ar fionraí nó a fhoirceannadh má dheanfaidh BCN rannpháirtíocht an rannpháirtí i TARGET a chur ar fionraí nó a fhoirceannadh de bhun chur chun feidhme an BCN sin de Chuid I, Airteagal 25(2).

3.   Féadfaidh [cuir isteach ainm BC] a chinneadh rochtain rannpháirtí ar chreidmheas ionlae a chur ar fionraí, a theorannú nó a fhoirceannadh má mheastar go bhfuil rioscaí ag baint leis an rannpháirtí ar fhorais stuamachta.

CUID III

Téarmaí agus coinníollacha speisialta maidir le cuntais airgid tiomnaithe ollsocraíochta fíor-ama (DCAnna RTGS)

Téarmaí agus coinníollacha speisialta maidir le cuntais airgid tiomnaithe ollsocraíochta fíor-ama (DCAnna RTGS)

Airteagal 1

DCA RTGS a oscailt agus a bhainistiú

1.   Ar iarratas ó shealbhóir MCA, osclóidh agus oibreoidh [cuir isteach ainm BC] DCA RTGS amháin nó níos mó, agus fo-chuntais amháin nó níos mó má éilítear iad le húsáid um shocraíocht AS. Má chloígh sealbhóir an MCA leis an scéim SCT Inst trí Chomhaontú Forleanúna um Aistriú Creidmheasa Meandraí SEPA a shíniú, ní osclófar ná ní oibreofar DCA(nna) RTGS (agus aon fho-chuntais) mura bhfuil sealbhóir an MCA teagmhála agus mura bhfanfaidh sé inteagmhála i gcónaí, mar shealbhóir DCA TIPS nó mar pháirtí inteagmhála trí shealbhóir DCA TIPS.

2.   Ar iarratas ó shealbhóir cuntais a osclaíodh de bhun mhír 1 (sealbhóir RTGS DCA), déanfaidh [cuir isteach ainm BC] an cuntas DCA RTGS nó a fho-chuntas a chur le grúpa cuntas bainc socraíochta le haghaidh socraíochta AS. Soláthróidh sealbhóir an DCA RTGS aon doiciméid ábhartha, arna síniú go cuí ag an sealbhóir DCA RTGS sin agus ag an AS do [cuir isteach ainm BC].

3.   Ní bheidh aon iarmhéid dochair ar DCA RTGS ná ar a fho-chuntais.

4.   Beidh iarmhéid nialasach ag fo-chuntais thar oíche.

5.   Ainmneoidh sealbhóir DCA RTGS ceann dá DCAnna RTGS i TARGET-[cuir isteach tagairt BC/tíre] chun orduithe aistrithe leachtachta uathoibrithe a phróiseáil. Trí ainmniú den sórt sin, tugann sealbhóir an DCA RTGS treoir do [cuir isteach ainm BC] aistriú leachtachta uathoibrithe a chur i gcrích lena tugtar creidiúint don MCA (do na MCAnna) i gcás nach bhfuil cistí leordhóthanacha ar an MCA príomhá chun orduithe íocaíochta ar oibríochtaí bainc ceannais iad a shocrú.

6.   Déanfaidh rannpháirtí a bhfuil dhá DCA RTGS nó níos mó agus dhá MCA nó níos mó aige ceann dá DCAnna RTGS i TARGET-[cuir isteach tagairt BC/tíre], nach bhfuil ainmnithe cheana mar an MCA príomhúil, a ainmniú chun orduithe aistrithe leachtachta uathoibrithe a phróiseáil sa chás nach bhfuil cistí leordhóthanacha ar cheann dá MCAnna eile chun orduithe íocaíochta ar oibríochtaí bainc ceannais iad a shocrú.

Airteagal 2

Sealbhóirí BIC inteagmhála

1.   Féadfaidh sealbhóirí DCA RTGS ar institiúidí creidmheasa iad mar atá leagtha amach i gCuid I, Airteagal 4 (1), pointí (a) nó (b), nó Cuid I, Airteagal 4(2), pointe(e), sealbhóirí BIC inteagmhála a chlárú. Ní fhéadfaidh sealbhóirí DCA RTGS sealbhóirí BIC inteagmhála a chloígh le scéim SCT Inst trí shíniú Comhaontaithe Forleanúna um Aistriú Creidmheasa Meandrach SEPA a chláraigh ach amháin má tá na heintitis sin inrochtana, mar shealbhóir DCA TIPS nó mar pháirtí inrochtana trí shealbhóir DCA TIPS.

2.   Ní fhéadfaidh sealbhóirí RTGS DCA ar eintitis iad mar atá leagtha amach i gCuid I, Airteagal 4(2), pointí (a) go (d) clárú mar sealbhóir BIC inteagmhála aon BIC a bhaineann leis an eintiteas dlíthiúil céanna.

3.   Féadfaidh sealbhóir BIC inteagmhála orduithe aistrithe airgid a chur isteach agus orduithe aistrithe airgid a fháil trí shealbhóir DCA RTGS.

4.   Ní fhéadfaidh níos mó ná sealbhóir DCA RTGS amháin sealbhóir BIC inteagmhála a chlárú.

5.   Measfar go bhfuil orduithe aistrithe airgid a cuireadh isteach nó a bhfuarthas ag sealbhóirí BIC inteagmhála curtha isteach nó faighte ag an rannpháirtí féin.

6.   Beidh an rannpháirtí faoi cheangal ag na haistrithe airgid sin agus ag aon ghníomh eile a dhéanfaidh sealbhóirí BIC inteagmhála, beag beann ar ábhar na socruithe conarthacha nó aon socruithe eile idir an rannpháirtí sin agus an t-eintiteas sin nó aon neamhchomhlíonadh leis.

Airteagal 3

Rochtain ilseolaithe

1.   Féadfaidh sealbhóir DCA RTGS ar institiúid creidmheasa é mar atá leagtha amach i gCuid I, Airteagal 4(1)(a) nó (b) údarú sainráite a thabhairt do na hinstitiúidí creidmheasa agus na brainsí seo a leanas a DCA RTGS a úsáid chun críche orduithe aistrithe airgid a chur isteach agus/nó a fháil go díreach trí rochtain ilseolaithe:

| (a) | institiúidí creidmheasa mar atá leagtha amach i gCuid I, Airteagal 4(1), pointí (a) nó (b) a bhaineann leis an ngrúpa baincéireachta céanna le sealbhóir DCA RTGS; |
| --- | --- |

(a)

institiúidí creidmheasa mar atá leagtha amach i gCuid I, Airteagal 4(1), pointí (a) nó (b) a bhaineann leis an ngrúpa baincéireachta céanna le sealbhóir DCA RTGS;

| (b) | brainsí an tsealbhóra DCA RTGS sin; |
| --- | --- |

(b)

brainsí an tsealbhóra DCA RTGS sin;

| (c) | brainsí eile nó ceannoifig an eintitis dhlíthiúil chéanna le sealbhóir DCA RTGS. |
| --- | --- |

(c)

brainsí eile nó ceannoifig an eintitis dhlíthiúil chéanna le sealbhóir DCA RTGS.

2.   Tabharfar an t-údarú chun DCA RTGS a úsáid trí rochtain ilseolaithe mar atá leagtha amach i mír 1 ar eintitis dá dtagraítear i bpointe (a) de mhír 1 a chloígh le scéim Inst SCT trí Chomhaontú Forleanúna um Aistriú Creidmheasa Meandrach SEPA a shíniú ach amháin má tá na heintitis sin inrochtana, mar shealbhóir DCA TIPS nó mar pháirtí inrochtana trí shealbhóir TIPS DCA.

3.   Beidh feidhm ag Cuid I, Airteagal 7 maidir le sealbhóirí DCA RTGS a thugann rochtain ar a DCA RTGS trí rochtain ilseolaithe.

Airteagal 4

Grúpa aistrithe leachtachta RTGS

1.   Ar iarratas ó shealbhóir DCA RTGS, cruthóidh [cuir isteach ainm BC] grúpa aistrithe leachtachta RTGS, chun próiseáil orduithe aistrithe leachtachta DCA RTGS-go-DCA RTGS a chumasú.

2.   Ar iarratas ó shealbhóir DCA RTGS cuirfidh [cuir isteach ainm BC] ceann de na DCAnna RTGS de chuid shealbhóir DCAnna RTGS le grúpa aistrithe leachtachta RTGS atá ann cheana agus a cruthaíodh in TARGET-[cuir isteach tagairt BC/tíre] nó i gcóras comhpháirte eile de TARGET nó scriosfaidh sé as é. Cuirfidh sealbhóir DCA RTGS gach sealbhóir DCA RTGS eile sa ghrúpa aistrithe leachtachta RTGS sin ar an eolas sula ndéanfaidh sé iarraidh den sort sin.

Airteagal 5

Idirbhearta próiseáilte ar DCA RTGS agus ar a fhochuntais

1.   Próiseálfar orduithe íocaíochta le DCAnna RTGS eile agus orduithe aistrithe airgid chuig cuntais chiste ráthaíochta AS trí DCA RTGS i TARGET-[cuir isteach tagairt BC/tíre].

2.   Déanfar orduithe aistrithe airgid a bhaineann le nósanna imeachta socraíochta AS RTGS a shocrú trí DCA RTGS nó trína fhochuntais i TARGET-[cuir isteach tagairt BC/tíre].

3.   Féadfar na hidirbhearta seo a leanas a phróiseáil trí DCA RTGS nó trína fhochuntais in TARGET-[cuir isteach tagairt BC/tíre]]:

| (a) | [cuir isteach más gá] [orduithe aistrithe airgid a eascraíonn as lóisteálacha agus aistarraingtí]; |
| --- | --- |

(a)

[cuir isteach más gá] [orduithe aistrithe airgid a eascraíonn as lóisteálacha agus aistarraingtí];

| (b) | orduithe aistrithe leachtachta chuig DCA RTGS eile laistigh den ghrúpa aistrithe leachtachta RTGS céanna; |
| --- | --- |

(b)

orduithe aistrithe leachtachta chuig DCA RTGS eile laistigh den ghrúpa aistrithe leachtachta RTGS céanna;

| (c) | orduithe aistrithe leachtachta chuig DCA TIPS nó chuig MCA; |
| --- | --- |

(c)

orduithe aistrithe leachtachta chuig DCA TIPS nó chuig MCA;

| (d) | aistrithe leachtachta chuig cuntas taisce thar oíche. |
| --- | --- |

(d)

aistrithe leachtachta chuig cuntas taisce thar oíche.

4.   Féadfar orduithe aistrithe leachtachta chuig DCAnna T2S a phróiseáil trí DCA RTGS i TARGET-[cuir isteach tagairt BC/tíre].

Airteagal 6

Orduithe aistrithe leachtacha

1.   Féadfaidh sealbhóir DCA RTGS ordú aistrithe leachtachta a chur isteach mar cheann de na rudaí seo a leanas:

| (a) | ordú aistrithe leachtachta láithreach, ar treoir é maidir le forghníomhú láithreach; |
| --- | --- |

(a)

ordú aistrithe leachtachta láithreach, ar treoir é maidir le forghníomhú láithreach;

| (b) | buanordú aistrithe leachtachta, a bheidh ina threoir chun méid sonraithe a fhorghníomhú go hathfhillteach nuair a tharlaíonn teagmhas réamhshainithe gach lá gnó. |
| --- | --- |

(b)

buanordú aistrithe leachtachta, a bheidh ina threoir chun méid sonraithe a fhorghníomhú go hathfhillteach nuair a tharlaíonn teagmhas réamhshainithe gach lá gnó.

2.   Féadfaidh sealbhóir DCA RTGS buan-ordú aistrithe leachtachta a ionchur nó a mhodhnú tráth ar bith le linn lá gnó agus tiocfaidh sé i bhfeidhm amhail an chéad lá gnó eile.

3.   Féadfaidh sealbhóir DCA RTGS ordú aistrithe leachtachta láithreach a ionchur ag tráth ar bith i rith an lae gnó. Féadfaidh an AS ábhartha ordú aistrithe leachtachta láithreach le haghaidh próiseála de réir nósanna imeachta socraíochta C nó D AS RTGS a ionchur thar ceann an bhainc socraíochta.

Airteagal 7

Orduithe aistrithe leachtacha riailbhunaithe

1.   Féadfaidh sealbhóir DCA RTGS íosteorainn agus/nó uasteorainn a shonrú le haghaidh a DCA RTGS.

| (a) | Trí uasteorainn a shocrú agus ordú aistrithe leachtachta riailbhunaithe a roghnú, más rud é, tar éis ordú íocaíochta nó ordú aistrithe AS a shocrú, go sáraítear an uasteorainn, tugann sealbhóir an DCA RTGS treoir do [cuir isteach ainm BC] ordú aistrithe leachtachta riailbhunaithe a fhorghníomhú lena tugtar creidmheas do MCA arna ainmniú ag an sealbhóir DCA RTGS sin. Féadfaidh an MCA creidiúnaithe bheith i seilbh rannpháirtí eile i TARGET-[cuir isteach tagairt BC/tíre] nó i gcóras comhpháirte eile de TARGET. |
| --- | --- |

(a)

Trí uasteorainn a shocrú agus ordú aistrithe leachtachta riailbhunaithe a roghnú, más rud é, tar éis ordú íocaíochta nó ordú aistrithe AS a shocrú, go sáraítear an uasteorainn, tugann sealbhóir an DCA RTGS treoir do [cuir isteach ainm BC] ordú aistrithe leachtachta riailbhunaithe a fhorghníomhú lena tugtar creidmheas do MCA arna ainmniú ag an sealbhóir DCA RTGS sin. Féadfaidh an MCA creidiúnaithe bheith i seilbh rannpháirtí eile i TARGET-[cuir isteach tagairt BC/tíre] nó i gcóras comhpháirte eile de TARGET.

| (b) | Trí uasteorainn a shocrú agus ordú aistrithe leachtachta riailbhunaithe a roghnú, más rud é, tar éis ordú íocaíochta nó ordú aistrithe AS a shocrú, go sáraítear an íosteorainn, tionscnaítear ordú aistrithe leachtachta riailbhunaithe a chuireann dochair do MCA arna údarú ag an sealbhóir MCA. Féadfaidh an MCA atá le cur do dhochar bheith i seilbh rannpháirtí eile i TARGET- [cuir isteach ragairt BC/tíre] nó i gcóras comhpháirte eile de TARGET. Ní mór do shealbhóir an MCA le cur do dhochar a údarú go gcuirfear a MCA do dhochar ar an mbealach seo. |
| --- | --- |

(b)

Trí uasteorainn a shocrú agus ordú aistrithe leachtachta riailbhunaithe a roghnú, más rud é, tar éis ordú íocaíochta nó ordú aistrithe AS a shocrú, go sáraítear an íosteorainn, tionscnaítear ordú aistrithe leachtachta riailbhunaithe a chuireann dochair do MCA arna údarú ag an sealbhóir MCA. Féadfaidh an MCA atá le cur do dhochar bheith i seilbh rannpháirtí eile i TARGET- [cuir isteach ragairt BC/tíre] nó i gcóras comhpháirte eile de TARGET. Ní mór do shealbhóir an MCA le cur do dhochar a údarú go gcuirfear a MCA do dhochar ar an mbealach seo.

2.   Féadfaidh sealbhóir DCA RTGS údarú a DCA RTGS a chur do dhochar i gcás go sáraítear íosteorainn i MCA sonraithe amháin nó níos mó i TARGET-[cuir isteach tagairt BC/tíre] nó i gcóras comhpháirte eile de TARGET. Trí údarú a thabhairt chun a DCA RTGS a bheith curtha do dhochar, tugann sealbhóir an DCA RTGS treoir do [cuir isteach ainm BC] ordú aistrithe leachtachta riailbhunaithe a fhorghníomhú lena tugtar creidmheas do MCA(nna) aon uair a sháraítear an íosteorainn.

3.   Féadfaidh sealbhóir DCA RTGS a údarú a MCA arna ainmiú chun críche orduithe aistrithe leachtachta uathoibrithe faoi Airteagal 1(5) agus (6) a chur do dhochar i gcás go bhfuil leachtacht neamh-leordhóthanach ar an DCA RTGS chun orduithe íocaíochta práinneacha, orduithe aistrithe AS nó orduithe íocaíochta ardtosaíochta ar a DCA RTGS a shocrú.

Airteagal 8

Rialacha tosaíochta

1.   Is é an t-ord tosaíochta maidir le próiseáil orduithe aistrithe airgid, in ord a bpráinn anuas:

| (a) | práinneach; |
| --- | --- |

(a)

práinneach;

| (b) | ard; |
| --- | --- |

(b)

ard;

| (c) | gnáth |
| --- | --- |

(c)

gnáth

2.   Sannfar an tosaíocht “phráinneach” go huathoibríoch do na horduithe seo a leanas:

| (a) | orduithe aistrithe AS; |
| --- | --- |

(a)

orduithe aistrithe AS;

| (b) | orduithe aistrithe leachtachta lena n-áirítear orduithe aistrithe leachtachta uathoibrithe; |
| --- | --- |

(b)

orduithe aistrithe leachtachta lena n-áirítear orduithe aistrithe leachtachta uathoibrithe;

| (c) | orduithe aistrithe airgid chuig cuntas teicniúil AS le haghaidh nós imeachta socraíochta D AS RTGS; |
| --- | --- |

(c)

orduithe aistrithe airgid chuig cuntas teicniúil AS le haghaidh nós imeachta socraíochta D AS RTGS;

3.   Sannfar go huathoibríoch an tosaíocht “gnáth” do gach ordú aistrithe airgid nach bhfuil liostaithe i mír 2, ach amháin orduithe íocaíochta a bhfuil an tosaíocht “ard’ sannta dóibh ag sealbhóir DCA RTGS dá rogha féin.

Airteagal 9

Próiseáil orduithe aistrithe airgid ar RTGS DCAnna

1.   Nuair a ghlacfar le horduithe aistrithe airgid ar DCAnna RTGS, socrófar láithreach iad, nó socrófar níos déanaí iad de réir mar a léiríonn sealbhóir an DCA RTGS i gcomhréir le hAirteagal 16 nó Airteagal 17, ar choinníoll i ngach cás:

| (a) | go bhfuil leachtacht ar fáil ar DCA RTGS an íocóra; |
| --- | --- |

(a)

go bhfuil leachtacht ar fáil ar DCA RTGS an íocóra;

| (b) | nach bhfuil aon orduithe aistrithe airgid a bhfuil tosaíocht chomhionann nó níos airde acu ciúáilte; agus |
| --- | --- |

(b)

nach bhfuil aon orduithe aistrithe airgid a bhfuil tosaíocht chomhionann nó níos airde acu ciúáilte; agus

| (c) | go gcomhlíontar aon teorainneacha dochair atá leagtha síos in gcomhréir le hAirteagal 15. |
| --- | --- |

(c)

go gcomhlíontar aon teorainneacha dochair atá leagtha síos in gcomhréir le hAirteagal 15.

2.   Mura gcomhlíontar aon cheann de na coinníollacha a leagtar amach i bpointí (a) go (c) de mhír 1 maidir le hordú aistrithe airgid, beidh feidhm ag an méid seo a leanas.

| (a) | I gcás ordú aistrithe leachtachta uathoibrithe, tugtar treoir do [cuir isteach ainm BC] an treoir a fhorghníomhú go páirteach agus tuilleadh aistrithe leachtachta a fhorghníomhú aon uair a bhíonn leachtacht ar fáil, suas go dtí méid an ordaithe aistrithe leachtachta uathoibrithe tosaigh. |
| --- | --- |

(a)

I gcás ordú aistrithe leachtachta uathoibrithe, tugtar treoir do [cuir isteach ainm BC] an treoir a fhorghníomhú go páirteach agus tuilleadh aistrithe leachtachta a fhorghníomhú aon uair a bhíonn leachtacht ar fáil, suas go dtí méid an ordaithe aistrithe leachtachta uathoibrithe tosaigh.

| (b) | I gcás ordú aistrithe leachtachta láithreach, diúltófar don ordú gan socraíocht páirteach nó aon iarracht bhreise socrú mura dtionscnóidh AS an t-ordú, agus sa chás sin socrófar go páirteach é gan aon iarracht eile socrú a dhéanamh. |
| --- | --- |

(b)

I gcás ordú aistrithe leachtachta láithreach, diúltófar don ordú gan socraíocht páirteach nó aon iarracht bhreise socrú mura dtionscnóidh AS an t-ordú, agus sa chás sin socrófar go páirteach é gan aon iarracht eile socrú a dhéanamh.

| (c) | I gcás buanordú aistrithe leachtachta nó ordaithe aistrithe leachtachta riailbhunaithe, socrófar an t-ordú go páirteach gan aon iarracht bhreise é a shocrú. Déanfaidh buanordú aistrithe leachtachta arna spreagadh ag nósanna imeachta socraíochta éigeantacha C nó D AS RTGS agus nach bhfuil cistí leordhóthanacha ar an DCA RTGS ina leith, a shocrú tar éis laghdaithe pro rata ar na horduithe go léir. Diúltófar do bhuanordú aistrithe leachtachta arna spreagadh le nós imeachta socraíochta roghnach C AS RTGS agus nach bhfuil cistí leordhóthanacha ar an DCA RTGS ina leith. |
| --- | --- |

(c)

I gcás buanordú aistrithe leachtachta nó ordaithe aistrithe leachtachta riailbhunaithe, socrófar an t-ordú go páirteach gan aon iarracht bhreise é a shocrú. Déanfaidh buanordú aistrithe leachtachta arna spreagadh ag nósanna imeachta socraíochta éigeantacha C nó D AS RTGS agus nach bhfuil cistí leordhóthanacha ar an DCA RTGS ina leith, a shocrú tar éis laghdaithe pro rata ar na horduithe go léir. Diúltófar do bhuanordú aistrithe leachtachta arna spreagadh le nós imeachta socraíochta roghnach C AS RTGS agus nach bhfuil cistí leordhóthanacha ar an DCA RTGS ina leith.

3.   Déanfar orduithe aistrithe airgid ar DCAnna RTGS seachas na horduithe sin dá dtagraítear i mír 2 a chiúáil agus a phróiseáil i gcomhréir leis na rialacha a leagtar amach in Airteagal 10.

Airteagal 10

Bainistíocht ciú agus barrfheabhsú socraíochta

1.   Déanfar orduithe aistrithe airgid ar DCAnna RTGS atá ciúáilte i gcomhréir le hAirteagal 9(3) a phróiseáil de réir a dtosaíochta. Faoi réir mhír 2 go 5, beidh feidhm ag an bprionsabal “is túisce isteach is túisce amach” (FIFO) laistigh de gach catagóir nó fochatagóir d’orduithe aistrithe airgid mar a leanas:

| (a) | orduithe aistrithe airgid práinneacha: cuirfear na horduithe aistrithe leachtachta uathoibrithe ar dtús sa chiú. déanfar orduithe aistrithe AS agus orduithe aistrithe airgid práinneacha eile a chur sa chéad suíomh eile den chiú; |
| --- | --- |

(a)

orduithe aistrithe airgid práinneacha: cuirfear na horduithe aistrithe leachtachta uathoibrithe ar dtús sa chiú. déanfar orduithe aistrithe AS agus orduithe aistrithe airgid práinneacha eile a chur sa chéad suíomh eile den chiú;

| (b) | ní dhéanfar orduithe aistrithe airgid ardtosaíochta a shocrú fad a bheidh orduithe aistrithe airgid práinneacha á ciúáilte; |
| --- | --- |

(b)

ní dhéanfar orduithe aistrithe airgid ardtosaíochta a shocrú fad a bheidh orduithe aistrithe airgid práinneacha á ciúáilte;

| (c) | ní dhéanfar orduithe aistrithe airgid gnáth-thosaíochta a shocrú fad a bheidh orduithe aistrithe airgid práinneacha nó ardtosaíochta á ciúáilte. |
| --- | --- |

(c)

ní dhéanfar orduithe aistrithe airgid gnáth-thosaíochta a shocrú fad a bheidh orduithe aistrithe airgid práinneacha nó ardtosaíochta á ciúáilte.

2.   Féadfaidh an t-íocóir tosaíocht a orduithe aistrithe airgid a athrú seachas orduithe aistrithe airgid práinneacha.

3.   Féadfaidh an t-íocóir suíomh a orduithe aistrithe airgid a athrú sa chiú. Féadfaidh an t-íocóir orduithe aistrithe airgid den sórt sin a bhogadh taobh thiar de na horduithe aistrithe leachtachta uathoibrithe sa chiú nó go dtí deireadh an ciú faoi seach le héifeacht láithreach tráth ar bith le linn an ionú socraíochta le haghaidh íocaíochtaí custaiméirí agus idirbhainc mar a shonraítear i bhFoscríbhinn V.

4.   Chun socraíochta orduithe aistrithe airgid ciúáilte a bharrfheabhsú, féadfaidh an [cuir isteach ainm BC];

| (a) | úsáid a bhaint as na nósanna imeachta barrfheabhsaithe a bhfuil cur síos orthu i bhFoscríbhinn I; |
| --- | --- |

(a)

úsáid a bhaint as na nósanna imeachta barrfheabhsaithe a bhfuil cur síos orthu i bhFoscríbhinn I;

| (b) | orduithe aistrithe airgid a bhfuil tosaíocht níos ísle acu (nó a bhfuil an tosaíocht chéanna acu ach a nglactar leo níos déanaí) a shocrú roimh orduithe aistrithe airgid a bhfuil tosaíocht níos airde acu (nó a bhfuil an tosaíocht chéanna acu agus ar glacadh leo níos luaithe), dá ndéanfaí na horduithe aistrithe airgid le tosaíocht níos ísle a ghlanluacháil le híocaíochtaí atá le fáil agus méadú leachtachta don íocóir mar thoradh air sin. |
| --- | --- |

(b)

orduithe aistrithe airgid a bhfuil tosaíocht níos ísle acu (nó a bhfuil an tosaíocht chéanna acu ach a nglactar leo níos déanaí) a shocrú roimh orduithe aistrithe airgid a bhfuil tosaíocht níos airde acu (nó a bhfuil an tosaíocht chéanna acu agus ar glacadh leo níos luaithe), dá ndéanfaí na horduithe aistrithe airgid le tosaíocht níos ísle a ghlanluacháil le híocaíochtaí atá le fáil agus méadú leachtachta don íocóir mar thoradh air sin.

| (c) | orduithe aistrithe airgid le gnáththosaíocht a shocrú roimh íocaíochtaí gnáthtosaíochta ciúáilte eile ar glacadh leo níos luaithe, ar choinníoll go bhfuil cistí leordhóthanacha ar fáil agus d’ainneoin go bhféadfadh sé sin sárú a dhéanamh ar phrionsabal FIFO. |
| --- | --- |

(c)

orduithe aistrithe airgid le gnáththosaíocht a shocrú roimh íocaíochtaí gnáthtosaíochta ciúáilte eile ar glacadh leo níos luaithe, ar choinníoll go bhfuil cistí leordhóthanacha ar fáil agus d’ainneoin go bhféadfadh sé sin sárú a dhéanamh ar phrionsabal FIFO.

5.   Diúltófar d’orduithe aistrithe airgid ciúáilte mura féidir iad a shocrú faoi na scoithamanna don chineál teachtaireachta ábhartha mar atá sonraithe i bhFoscríbhinn V.

6.   Beidh feidhm ag na forálacha maidir le horduithe aistrithe airgid a shocrú mar atá leagtha amach i bhFoscríbhinn I.

Airteagal 11

Orduithe forchoimheádas leachtachta

1.   Féadfaidh sealbhóir DCA RTGS treoir a thabhairt do [cuir isteach ainm BC] méid sonraithe leachtachta a chur i gcúlchistí ar a DCA RTGS agus úsáid a bhaint as ceann amháin díobh seo a leanas:

| (a) | ordú cúl-leachtachta reatha a mbeidh éifeacht láithreach aige don lá gnó TARGET reatha; |
| --- | --- |

(a)

ordú cúl-leachtachta reatha a mbeidh éifeacht láithreach aige don lá gnó TARGET reatha;

| (b) | buanordú cúl-leachtachta a bheidh le déanamh ag tús gach lá gnó TARGET. |
| --- | --- |

(b)

buanordú cúl-leachtachta a bheidh le déanamh ag tús gach lá gnó TARGET.

2.   Déanfaidh sealbhóir DCA RTGS ceann de na stádais seo a leanas a shannadh d’ordú cúl-leachtachta reatha nó do bhuanordú cúl-leachtachta:

| (a) | ardtosaíocht: ceadaítear an leachtacht a úsáid le haghaidh orduithe aistrithe airgid práinneacha nó ardtosaíochta; |
| --- | --- |

(a)

ardtosaíocht: ceadaítear an leachtacht a úsáid le haghaidh orduithe aistrithe airgid práinneacha nó ardtosaíochta;

| (b) | tosaíocht phráinneach: ní cheadaítear an leachtacht a úsáid ach amháin le haghaidh orduithe aistrithe airgid práinneacha. |
| --- | --- |

(b)

tosaíocht phráinneach: ní cheadaítear an leachtacht a úsáid ach amháin le haghaidh orduithe aistrithe airgid práinneacha.

3.   Sa chás nach leor an méid leachtachta nach cúl-leachtacht í chun an t-ordú cúl-leachtachta reatha nó buan a chomhlíonadh, déanfaidh [cuir isteach ainm BC] an cúl-leachtacht go páirteach agus tugtar treoir dó tuilleadh orduithe cúl-leachtachta a fhorghníomhú go dtí go sroichfear an méid neamhíoctha a bheidh le cur i gcúlchistí Déanfar orduithe cúl-leachtachta atá ar feitheamh a dhiúltú ag deireadh an lae gnó.

4.   Trí mhéid sonraithe leachtachta a iarraidh le húsáid le haghaidh orduithe aistrithe airgid práinneacha, tugann sealbhóir DCA RTGS treoir do [cuir isteach ainm BC] gan ach orduithe aistrithe airgid ardtosaíochta agus gnáthtosaíochta a shocrú má tá leachtacht ar fáil tar éis an méid a cuireadh i gcúlchistí le húsáid le haghaidh orduithe aistrithe airgid práinneacha a asbhaineadh.

5.   Trí mhéid sonraithe leachtachta a iarraidh le húsáid le haghaidh orduithe aistrithe airgid ardtosaíochta, tugann sealbhóir DCA RTGS treoir do [cuir isteach ainm BC] gan ach orduithe aistrithe airgid gnáth-thosaíochta a shocrú má tá leachtacht ar fáil tar éis an méid atá curtha i gcúlchistí le húsáid le haghaidh orduithe aistrithe airgid práinneacha agus ardtosaíochta a asbhaineadh

Airteagal 12

Iarraidh ar aisghairm agus freagra

1.   Féadfaidh sealbhóir DCA RTGS iarraidh ar aisghairm a dhéanamh chun iarraidh ar ordú íochaíochta socraithe a chur ar ais.

2.   Cuirfear an iarraidh ar aisghairm ar aghaidh chuig íocaí an ordú íochaíochta socraithe a fhéadfaidh freagra dearfach nó diúltach a thabhairt. Ní chuireann freagra dearfach tús le haischur na gcistí.

Airteagal 13

Eolaire RTGS

1.   Is éard atá san eolaire RTGS ná liosta de na BICanna a úsáidtear chun faisnéis a ródú agus cuimsíonn sé na BICanna:

| (a) | de shealbhóirí DCA RTGS; |
| --- | --- |

(a)

de shealbhóirí DCA RTGS;

| (b) | d’aon eintiteas a bhfuil rochtain ilseolaithe aige; |
| --- | --- |

(b)

d’aon eintiteas a bhfuil rochtain ilseolaithe aige;

| (c) | de shealbhóirí BIC inteagmhálacha. |
| --- | --- |

(c)

de shealbhóirí BIC inteagmhálacha.

2.   Déanfar an t-eolaire RTGS a nuashonrú go laethúil.

3.   Mura n-iarrann sealbhóir DCA RTGS a mhalairt, foilseofar a chuid BICanna san eolaire RTGS.

4.   Ní fhéadfaidh sealbhóirí DCA RTGS an t-eolaire RTGS a dháileadh ach ar a mbrainsí agus a n-entitis a bhfuil rochtain ilseolaithe acu.

5.   Admhaíonn sealbhóirí DCA RTGS go bhféadfaidh [cuir isteach ainm BC] agus BCanna eile ainmneacha agus BICanna shealbhóirí DCA RTGS a fhoilsiú. Ina theannta sin, féadfar ainmneacha agus BICanna shealbhóirí BIC inteagmhála nó eintitis a bhfuil rochtain ilseolaithe acu a fhoilsiú agus áiritheoidh sealbhóirí DCA RTGS go mbeidh sealbhóirí BIC inteagmhála nó eintitis le rochtain ilseolaithe tar éis a chomhaontú le foilsiú den sórt sin.

Airteagal 14

Próiseáil orduithe aistrithe airgid i gcás fionraí nó foirceanta

1.   Ar fhoirceannadh rannpháirtíochta shealbhóir DCA RTGS i TARGET-[cuir isteach tagairt BC/tíre] ní ghlacfaidh [cuir isteach ainm BC] le haon orduithe aistrithe airgid nua ón sealbhóir DCA RTGS sin. Diúltófar d’orduithe aistrithe airgid sa chiú, d’orduithe aistrithe airgid stórasaithe nó d’orduithe aistrithe airgid nua i bhfabhar an tsealbhóra DCA RTGS sin.

2.   Má chuirtear rannpháirtíocht shealbhóir DCA RTGS i TARGET-[cuir isteach tagairt BC/tíre] ar fionraí ar fhorais seachas iad siúd a shonraítear i gCuid I, Airteagal 25(1), pointe (a), stórálfaidh [cuir isteach ainm BC] gach ceann d’orduithe aistrithe airgid isteach agus amach ar DCA RTGS an rannpháirtí sin agus gan iad a thíolacadh le haghaidh socraíochta ach amháin tar éis do BC an rannpháirtí DCA RTGS fionraithe glacadh leo go sainráite.

3.   Má chuirtear rannpháirtíocht shealbhóir DCA RTGS i TARGET-[cuir isteach tagairt BC/tíre] ar fionraí ar na forais a shonraítear i gCuid I, Airteagal 25(1), pointe (a), ní phróiseálfar aon orduithe aistrithe airgid amach ó DCA RTGS an tsealbhóra DCA RTGS sin ach ar threoracha a ionadaithe, lena n-áirítear iad siúd arna gceapadh ag údarás inniúil nó ag cúirt, mar riarthóir dócmhainneachta an tsealbhóra DCA RTGS, nó de bhun cinnidh infhorghníomhaithe ó údarás inniúil nó ó chúirt lena soláthraítear treoracha maidir leis an gcaoi a ndéanfar na horduithe aistrithe airgid a phróiseáil. Próiseálfar gach orduithe aistrithe airgid isteach i gcomhréír le mír 2.

Airteagal 15

Teorainneacha dochair

1.   Féadfaidh sealbhóirí RTGS DCA teorainn a chur le húsáid na leachtachta atá ar fáil le haghaidh orduithe íochaíochta ar a RTGS DCAnna aonair i ndáil le RTGS DCA eile, seachas aon cheann de na BCanna, trí theorainneacha déthaobhacha nó iltaobhacha a shonrú. Ní fhéadfar teorainneacha den sórt sin a shonrú ach amháin i ndáil le gnáth-orduithe íochaíochta tosaíochta

2.   Trí theorainn dhéthaobhach a shonrú, tugann sealbhóir RTGS DCA treoir do [cuir isteach cainm BC] nach socrófar ordú íochaíochta inghlactha má rachadh suim a orduithe íocaíochta gnáth-thosaíochta amach chuig cuntas RTGS DCA shealbhóir RTGS DCA eile lúide suim na n-íocaíochtaí práinneacha, ardtosaíochta agus gnáth-thosaíochta go léir isteach ón RTGS DCA sin (an suíomh glan déthaobhach) thar an teorainn dhéthaobhach seo.

3.   Féadfaidh sealbhóir RTGS DCA teorainn iltaobhach a shonrú d’aon chaidreamh nach bhfuil faoi réir teorann déthaobhaí. Ní féidir teorainn iltaobhach a shonrú ach má tá teorainn dhéthaobhach amháin ar a laghad socraithe ag an sealbhóir RTGS DCA. Má shocraíonn sealbhóir RTGS DCA teorainn iltaobhach, tugann sé treoir do [cuir isteach ainm BC] nach socrófar ordú íochaíochta inghlactha má rachadh suim a orduithe íochaíochta gnáth-thosaíochta amach chuig RTGS DCAnna uile shealbhóirí RTGS DCA nach bhfuil aon teorainn dhéthaobhach sonraithe ina leith lúide suim na n-íocaíochtaí práinneacha ardtosaíochta agus gnáth-thosaíochta isteach ó na RTGS DCAnna sin (an suíomh glan iltaobhach) thar an teorainn iltaobhach seo.

4.   Féadfar teorainneacha a athrú i bhfíor-am le héifeacht láithreach nó le héifeacht ón gcéad lá gnó eile. Má athraítear teorainn go nialas, ní bheifear in ann í a athrú arís ar an lá gnó céanna. Ní bheidh éifeacht le sonrú teorann déthaobhaí nó iltaobhaí nua ach ón gcéad lá gnó eile.

Airteagal 16

Treoracha rannpháirtithe maidir le hama socraíochta

1.   Féadfaidh sealbhóir RTGS DCA a chur in iúl an t-am is luaithe ar roimhe nach féidir le hordú íochaíochta a shocrú nó an t-am is déanaí a dhiúltófar don ordú íochaíochta ina dhiaidh trí úsáid a bhaint as an táscaire maidir leis an tráth dochair is luaithe nó as an táscaire maidir leis an tráth dochair is déanaí, faoi seach, nó féadfaidh sé a léiriú. raon ama ar lena linn a shocrófar an t-ordú íochaíochta trí úsáid a bhaint as an dá tháscaire. Féadfaidh sealbhóir RTGS DCA an Táscaire maidir leis an Tráth Dochair is Déanaí a úsáid mar tháscaire rabhaidh amháin. I gcásanna den sórt sin, ní dhiúltófar don ordú íochaíochta lena mbaineann.

2.   I gcás nach mbeidh an t-ordú íochaíochta socraithe 15 nóiméad roimh an am dochair is déanaí atá sonraithe, cuirfear an sealbhóir RTGS DCA lena mbaineann ar an eolas dá réir sin.

Airteagal 17

Orduithe íochaíochta curtha isteach roimh ré

1.   Féadfar orduithe íochaíochta a chur isteach suas le deich féilire roimh an dáta socraíochta sonraithe (orduithe íochaíochta stórasaithe).

2.   Glacfar le horduithe íochaíochta stórasaithe agus cuirfear isteach iad lena bpróiseáil ar an dáta arna shonrú ag sealbhóir RTGS DCA ag tús an ionú socraíochta an lá sin le haghaidh íocaíochtaí custaiméirí agus idirbhainc, dá dtagraítear i bhFoscríbhinn V. Cuirfear os comhair orduithe íochaíochta iad a bhfuil an tosaíocht chéanna acu.

Airteagal 18

Dochar díreach

1.   Féadfaidh sealbhóir RTGS DCA (íocóir) a údarú a thabhairt do shealbhóir RTGS DCA eile (íocaí) i TARGET-[cuir isteach tagairt BC/ tíre] nó i gcóras comhpháirte eile de TARGET chun íocóir a chur chun dochair trí dhochar díreach.

2.   Chun socrú den sórt sin a chumasú, tabharfaidh íocóir réamhúdarú do [cuir isteach ainm BC] a thabharfaidh teidlíocht do [cuir isteach ainm BC] chun RTGS DCA an íocóra a chur do dhochar ar threoir bhailí dochair dhírigh a fháil.

3.   Má fhaigheann íocaí an t-údarú mar a thuairiscítear i mír 1, féadfaidh sé treoracha dochair dhírigh a thíolacadh chun RTGS DCA an tsealbhóra RTGS DCA (íocóir) a chur chun dochair den mhéid a shonraítear sa treoir.

4.   Measfar go bhfuil údarú tugtha ag sealbhóir RTGS DCA a iarrann go gcuirfí le grúpa cuntas bainc socraíochta de chuid AS údarú do [cuir isteach ainm BC] a thugann teidlíocht do [cuir isteach ainm BC] RTGS DCA agus fochuntas an íocóra a chur chun dochair nuair a fhaightear é. treoir dochair dhírigh bailí ón AS sin.

Airteagal 19

Feidhmiúlacht íocaíochta chúltaca

I gcás ina dteipeann ar a bhonneagar íocaíochta, féadfaidh sealbhóir RTGS DCA a iarraidh ar [cuir isteach ainm BC] chun an fheidhmiúlacht íocaíochta cúltaca a ghníomhachtú. Ligeann sé seo do shealbhóir RTGS DCA orduithe íocaíochta áirithe a chur isteach ag baint úsáide as an gComhéadan Úsáideora Grafach (GUI).

Airteagal 20

Cearta slándála i ndáil le cistí ar fhochuntais

1.   Beidh [cuir isteach tagairt do theicníc chomhthaobhachta faoin gcóras dlí is infheidhme] ag [cuir isteach ainm BC] thar an iarmhéid ar fhochuntas shealbhóir RTGS DCA a osclaíodh faoi na socruithe idir an AS ábhartha agus a BC chun treoracha íocaíochta a bhaineann leis an AS a shocrú i gcomhréir le nós imeachta RTGS AS C. Déanfaidh an t-iarmhéid sin oibleagáid shealbhóir an RTGS DCA dá dtagraítear i mír 7 a chomhthaobhú i leith [cuir isteach ainm BC] i ndáil leis an tsocraíocht sin.

2.   Ar theachtaireacht “tús timthrialla” a fháil ag [cuir isteach ainm BC], áiritheoidh [cuir isteach ainm BC] nach féidir an t-iarmhéid ar fhochuntas shealbhóir an RTGS DCA (lena n-áirítear méaduithe nó laghduithe ar an iarmhéid sin a eascraíonn as íocaíochtaí socraíochta traschórais a chreidiúnú nó a dhochar chuig an fochuntas nó uaidh nó ó chreidiúnú aistrithe leachtachta chuig an fochuntas) ag an nóiméad a thosaíonn an AS timthriall a úsáid ach amháin chun orduithe aistrithe AS a bhaineann leis an nós imeachta socraíochta C sin a shocrú. Ar theachtaireacht “deireadh timthrialla” a fháil ag [cuir isteach ainm BC], beidh iarmhéid an fhochuntais ar fáil lena úsáid ag sealbhóir an RTGS DCA.

3.   Tríd an iarmhéid ar fhochuntas shealbhóir an RTGS DCA a dheimhniú, ráthaíonn [cuir isteach ainm BC] don AS íocaíocht suas le méid an iarmhéid áirithe seo. Trí dheimhniú, nuair is infheidhme, méadú nó laghdú an iarmhéid ar chreidiúnú nó ar churtha chun dochair íocaíochtaí socraíochta traschórais chuig an fochuntas nó uaidh nó ar chrediúnú aistrithe leachtachta chuig an fochuntas, déantar an ráthaíocht a mhéadú nó a laghdú go huathoibríoch de réir méid na híocaíochta. D’ainneoin an mhéadaithe nó an laghdaithe thuasluaite ar an ráthaíocht, beidh an ráthaíocht neamh-inchúlghairthe, neamhchoinníollach agus iníoctha ar an gcéad éileamh. Murab é [cuir isteach ainm BC] BC an AS, measfar go dtugtar treoir do [cuir isteach ainm BC] an ráthaíocht thuasluaite a eisiúint chuig BC an AS.

4.   In éagmais aon imeachtaí dócmhainneachta i ndáil le shealbhóir an RTGS DCA, socrófar orduithe aistrithe an AS chun oibleagáid socraíochta shealbhóir an RTGS DCA a chomlíonadh, gan tarraingt ar an ráthaíocht agus gan dul in iontaoibh an chirt slándála thar an iarmhéid ar fhochuntas shealbhóir an RTGS DCA.

5.   I gcás dócmhainneachta shealbhóir an RTGS DCA, is é a bheidh in orduithe aistrithe an AS chun oibleagáid socraíochta shealbhóir an RTGS DCA a chomhlíonadh ná céadéileamh ar íocaíocht faoin ráthaíocht; dá bhrí sin, is é a bheidh i gceist le dochar den mhéid treoraithe ó fhocuntais shealbhóir an RTGS DCA (agus cuntas teicniúil RTGS AS an AS a chreidiúnú) oibleagáid ráthaíochta [cuir isteach ainm BC] a bheith urscaoilte agus a cheart comhthaobhachta thar an iarmhéid ar fhochuntas an rannpháirtí a bheith réadaithe.

6.   Rachaidh an ráthaíocht in éag ar theachtaireacht “deireadh timthrialla” a fháil ag [cuir isteach ainm BC] lena deibhniú go bhfuil an socraíocht déanta.

7.   Beidh oibleagáid ar shealbóir an RTGS DCA aon íocaíocht a rinne [cuir isteach ainm BC] faoin ráthaíocht sin a aisíoc leis.

CUID IV

Téarmaí agus coinníollacha speisialta maidir le cuntais airgid thiomnaithe urrúis-target2

Téarmaí agus coinníollacha speisialta maidir le cuntais airgid thiomnaithe urrúis-target2

Airteagal 1

T2S DCA a oscailt agus a bhainistiú

1.   Ar iarratas ó shealbhóir MCA, déanfaidh [cuir isteach ainm BC] T2S DCA amháin nó níos mó a oscailt agus a oibriú.

2.   Ní bheidh aon iarmhéid dochair ar T2S DCA.

3.   Déanfaidh sealbhóir T2S DCA MCA amháin a ainmniú chun críche orduithe aistrithe leactachta idir T2S DCAnna a phróiseáil, dá dtagraítear in Airteagal 3(1), pointe (c). Féadfar an MCA ainmnithe a shealbhú iTARGET-[cuir isteach tagairt Bc/tíre]nó i gcóras comhpháirte eile de TARGET agus féadfaidh sé gur le rannpháirtí eile é.

Airteagal 2

Naisc idir cuntais urrús agus T2S DCAnna

1.   Féadfaidh sealbhóir T2S DCA iarraidh ar [cuir isteach ainm BC] a T2S DCA a nascadh le cuntas urrús amháin nó níos mó a shealbhaítear thar a cheann féin nó thar ceann a chliant a bhfuil cuntais urrús acu i TLU rannpháirteach amháin nó níos mó.

2.   Tá sealbhóirí T2S DCA a nascann a T2S DCA le cunta(i)s urrús thar ceann cliant mar atá leagtha amach i mír 1 freagrach as liosta na gcuntas urrús nasctha a bhunú agus a chothabháil agus, más ábhartha, as bunú ghné soláthar urrúis chomhthaobhaigh ón gcliant.

3.   Mar thoradh ar an iarraidh faoi mhír 1, meastar gur thug sealbhóir T2S DCA sainordú don TLU, i gcás ina choinnítear na cuntais urrús nasctha sin, chun an T2S DCA a chur do dhochar leis na méideanna a eascraíonn as idirbhearta urrús a tharlaíonn ar na cuntais urrús seo.

4.   Beidh feidhm ag mír 3 beag beann ar aon chomhaontuithe atá ag sealbhóir T2S DCA leis an TLU agus/nó sealbhóirí an chuntais urrús.

Airteagal 3

Idirbhearta arna bpróiseáil trí T2S DCAnna

1.   Déantar na hidirbhearta seo a leanas a phróiseáil trí T2S DCA i TARGET-[cuir isteach tagairt BC/tíre):

| (a) | socraíocht na dtreoracha airgid a eascraíonn as T2S ar choinníoll go bhfuil an cuntas nó na cuntais urrús ábhartha nó leo ainmnithe ag sealbhóir an T2S DCA, de réir mar a dtagraítear in Airteagal 2; |
| --- | --- |

(a)

socraíocht na dtreoracha airgid a eascraíonn as T2S ar choinníoll go bhfuil an cuntas nó na cuntais urrús ábhartha nó leo ainmnithe ag sealbhóir an T2S DCA, de réir mar a dtagraítear in Airteagal 2;

| (b) | orduithe aistrithe leachtachta chuig RTGS DCA, TIPS DCA nó MCA; |
| --- | --- |

(b)

orduithe aistrithe leachtachta chuig RTGS DCA, TIPS DCA nó MCA;

| (c) | orduithe aistrithe leachtachta idir T2S DCAnna ar leis an rannpháirtí céanna iad nó a bhfuil an MCA céanna ainmnithe ina leith chun críche Airteagal 1(3); |
| --- | --- |

(c)

orduithe aistrithe leachtachta idir T2S DCAnna ar leis an rannpháirtí céanna iad nó a bhfuil an MCA céanna ainmnithe ina leith chun críche Airteagal 1(3);

| (d) | orduithe aistrithe airgid idir an T2S DCA agus T2S DCA [cuir isteach ainm BC] i gcomhthéacs áirithe Airteagal 10(2) agus (3). |
| --- | --- |

(d)

orduithe aistrithe airgid idir an T2S DCA agus T2S DCA [cuir isteach ainm BC] i gcomhthéacs áirithe Airteagal 10(2) agus (3).

2.   Is féidir íocaíochtaí caingne corparáideacha a phróiseáil trí T2S DCA.

Airteagal 4

Orduithe aistrithe leachtacha

Féadfaidh sealbhóir T2S DCA ordú aistrithe leachtachta chur isteach mar cheann díobh seo a leanas:

| (a) | ordú aistrithe leachtachta láithreach, ar treoir é maidir le forghníomhú láithreach; |
| --- | --- |

(a)

ordú aistrithe leachtachta láithreach, ar treoir é maidir le forghníomhú láithreach;

| (b) | buanordú aistrithe leachtachta, a bheidh ina threoir chun forghníomhaithe allfhilltigh (i) de mhéid aistrithe sonraithe a aistriú nó (ii) d’aistriú chun iarmhéid an T2S DCA a laghdú go leibhéal réamhshainithe le méid an laghdaithe á aistriú chuig RTGS DCA, TIPS DCA nó MCA, ar imeacht réamhshainithe gach lá gnó. |
| --- | --- |

(b)

buanordú aistrithe leachtachta, a bheidh ina threoir chun forghníomhaithe allfhilltigh (i) de mhéid aistrithe sonraithe a aistriú nó (ii) d’aistriú chun iarmhéid an T2S DCA a laghdú go leibhéal réamhshainithe le méid an laghdaithe á aistriú chuig RTGS DCA, TIPS DCA nó MCA, ar imeacht réamhshainithe gach lá gnó.

| (c) | ordú aistrithe leachtachta réamhshainithe, ar treoir é chun forghníomhaithe allfhilltigh (i) de mhéid aistrithe sonraithe a aistriú nó (ii) d’aistriú chun iarmhéid an T2S DCA a laghdú go leibhéal réamhshainithe le méid an laghdaithe á aistriú chuig RTGS DCA, TIPS DCA nó MCA, ar tharlú teagmhaiss réamhshainithe gach lá gnó. |
| --- | --- |

(c)

ordú aistrithe leachtachta réamhshainithe, ar treoir é chun forghníomhaithe allfhilltigh (i) de mhéid aistrithe sonraithe a aistriú nó (ii) d’aistriú chun iarmhéid an T2S DCA a laghdú go leibhéal réamhshainithe le méid an laghdaithe á aistriú chuig RTGS DCA, TIPS DCA nó MCA, ar tharlú teagmhaiss réamhshainithe gach lá gnó.

Airteagal 5

Leachtacht agus blocáil leachtachta

1.   Féadfaidh rannpháirtithe leachtacht a chur i gcúlchistí nó a bhlocáil ar a T2S DCAnna. Ní hionann sin agus ráthaíocht socraíochta i leith aon tríú páirtí.

2.   Trí iarraidh a dhéanamh méid leachtachta a chur i gcúlchistí nó a bhlocáil, tugann rannpháirtí treoir do [cuir isteach ainm BC] an leachtacht atá ar fáil a laghdú den mhéid seo.

3.   Is éard is iarraidh ar chúl-leachtacht treoir trína ndéantar an chúl-leachtacht a phróiseáil, má tá an leachtacht atá ar fáil cothrom leis an méid atá le cur i gcúlchistí nó níos mó ná an méid sin. Má tá an leachtacht atá ar fáil níos ísle, cuirtear i gcúlchstí í agus féadfar an t-easnamh a chomhlíonadh trí leachtacht isteach go dtí go mbeidh méid iomlán na gcúl-leachtachta ar fáil.

4.   Is éard is iarraidh ar leachtacht a bhlocáil treoir trína ndéantar an chúl-leachtacht a phróiseáil, má tá an leachtacht atá ar fáil cothrom leis an méid atá le cur i gcúlchistí nó níos airde ná an méid sin. Má tá an leachtacht atá ar fáil níos ísle, ní dhéantar aon mhéid a bhlocáil agus cuirtear an t-iarratas ar bhlocáil isteach arís, go dtí gur féidir méid iomlán na hiarrata blocála a chomhlíonadh leis an leachtacht atá ar fáil.

5.   Féadfaidh an rannpháirtí tráth ar bith i rith an lae gnó ar a phróiseáladh iarratas ar leachtacht a chur i gcúlchistí nó a bhlocáil, treoir a thabhairt do [cuir isteach ainm BC] an chúl-leachtacht nó an bhlocáil a chealú. Ní cheadófar cealú páirteach.

6.   Rachaidh gach iarratas ar leachtacht a chur i gcúlchistí nó a bhlocáil faoin airteagal seo in éag ag deireadh an lae gnó.

Airteagal 6

Próiseáil orduithe aistrithe airgid ar DCAnna T2S

1.   Leithdháiltear stampa ama chun orduithe aistrithe leachtachta a phróiseáil de réir ord a bhfála.

2.   Déanfar gach ordú aistrithe leachtacha a chuirtear isteach i TARGET-[cuir isteach tagairt BC/tíre] a phróiseáil de réir an phrionsabail (FIFO) “is túisce isteach is túisce amach”, gan tosaíocht ná athordú a dhéanamh.

3.   Tar éis ordú aistrithe leachtachta chuig TIPS DCA, MCA, RTGS DCA nó T2S DCA a bheith glactha mar atá leagtha amach i gCuid 1, Airteagal 17, seiceálfaidh TARGET-[cuir isteach tagairt BC/tíre] an bhfuil cistí leordhóthanacha ar fáil ar T2S DCA an íocóra chun socraíocht a chur i gcrích. Má tá go leor cistí ar fáil, socraítear an t-ordú aistrithe leachtachta láithreach. Mura bhfuil go leor cistí ar fáil, beidh feidhm ag an méid seo a leanas:-

| (a) | i gcás ordú aistrithe leachtachta láithreach, diúltófar don ordú gan socraíocht páirteach nó aon iarracht bhreise é a shocrú mura rud é go dtionscnófar iad seo ag tríú páirtí mar a ainmnítear i gcomhréir le Cuid I, Airteagal 7, agus sa chás sin socrófar go páirteach iad gan aon iarracht bhreise é a shocrú; |
| --- | --- |

(a)

i gcás ordú aistrithe leachtachta láithreach, diúltófar don ordú gan socraíocht páirteach nó aon iarracht bhreise é a shocrú mura rud é go dtionscnófar iad seo ag tríú páirtí mar a ainmnítear i gcomhréir le Cuid I, Airteagal 7, agus sa chás sin socrófar go páirteach iad gan aon iarracht bhreise é a shocrú;

| (b) | i gcás buanordú aistrithe leachtachta nó ordú aistrithe leachtachta athshainithe, socrófar an t-ordú go páirteach gan aon iarracht bhreise é a shocrú. |
| --- | --- |

(b)

i gcás buanordú aistrithe leachtachta nó ordú aistrithe leachtachta athshainithe, socrófar an t-ordú go páirteach gan aon iarracht bhreise é a shocrú.

Airteagal 7

Próiseáil orduithe aistrithe airgid i gcás fionraí nó foirceanta

1.   Ar fhoirceannadh rannpháirtíocht shealbhóir T2S DCA i TARGET-[cuir isteach tagairt BC/tíre], ní ghlacfaidh [cuir isteach ainm BC] le haon orduithe aistrithe airgid nua ón sealbhóir T2S DCA sin.

2.   Má chuirtear sealbhóir T2S DCA ar fionraí ó TARGET-[cuir isteach tagairt BC/tíre] ar fhorais seachas iad siúd a shonraítear i gCuid I, Airteagal 25(1), pointe (a), stórálfaidh an [cuir isteach ainm BC] gach ceann d’orduithe aistrithe airgid isteach agus amach ar a T2S DCA agus gan iad a thíolacadh le haghaidh socraíochta ach amháin tar éis do BC an tsealbhóra T2S DCA fionraithe glacadh leo go sainráite.

3.   Má chuirtear rannpháirtíocht shealbhóir T2S DCA i TARGET-[cuir isteach tagairt BC/tíre] ar fionraí ar na forais a shonraítear i gCuid I, Airteagal 25(1), pointe (a), ní phróiseálfar aon orduithe aistrithe airgid amach ó T2S DCA an tsealbhóra T2S sin ach ar threoracha a ionadaithe, lena n-áirítear iad siúd arna gceapadh ag údarás inniúil nó ag cúirt, mar riarthóir dócmhainneachta shealbhóir an T2S DCA, nó de bhun cinnidh infhorghníomhaithe ó údarás inniúil nó ó chúirt lena soláthraítear treoracha maidir leis an gcaoi a ndéanfar na hordaithe aistrithe airgid a phróiseáil. Próiseálfar gach ordaithe aistrithe airgid isteach i gcomhréír le mír 2.

Airteagal 8

Entitis incháilithe maidir le saoráidí um uathsholáthar urrúis chomhthaobhaigh

1.   Déanfaidh [cuir isteach ainm BC], saoráidí um uathsholáthar urrúis chomhthaobhaigh a thairiscint do shealbhóir T2S DCA a soláthraíonn sé creidmheas ionlae dó i gcomhréir le Cuid II Airteagal 10 má iarrann an sealbhóir T2S DCA sin amhlaidh agus ar choinníoll nach bhfuil an rannpháirtí sin faoi réir beart sriantach arna nglacadh ag Comhairle an Aontais Eorpaigh nó ag na Ballstáit de bhun Airteagal 65(1)(b), Airteagal 75 nó Airteagal 215 den Chonradh, a bhfuil a chur chun feidhme, i dtuairim [cuir isteach ainm BC] ar neamhréir le feidhmiú rianúil TARGET.

2.   Ní dheonófar uathsholáthar urrúis chomhthaobhaigh ach amháin ar lá gnó TARGET, beidh sé teoranta go dtí an lá sin agus ní fhéadfar aon fhadú ar chreidmheas thar oíche a fháil.

Airteagal 9

Comhthaobhacht incháilithe le haghaidh oibríochtaí um uathsholáthar urrúis chomhthaobhaigh

1.   Beidh uathsholáthar urrúis chomhthaobhaigh bunaithe ar chomhthaobhacht incháilithe. Beidh comhthaobhacht incháilithe comhdhéanta de na sócmhainní céanna atá incháilithe le húsáid in oibríochtaí bheartas airgeadaíochta an Eurochórais, agus beidh sí faoi réir na rialacha céanna maidir le luach agus rialú priacail leo siúd atá leagtha síos i [cuir insteach forálacha náisiúnta lena gcuirtear i bhfeidhm Cuid a Ceathair de Threoirlíne (AE) 2015/510 (BCE/2014/60)].

2.   Thairis sin, maidir le comhthaobhacht incháilithe um sholáthar urrúis chomhthaobhaigh:

| (a) | [cuir isteach de réir mar is ábhartha: féadfar í a theorannú ag [cuir isteach ainm BC] trí eisiamh ex ante comhthaobhachta dlúthnasctha féideartha; |
| --- | --- |

(a)

[cuir isteach de réir mar is ábhartha: féadfar í a theorannú ag [cuir isteach ainm BC] trí eisiamh ex ante comhthaobhachta dlúthnasctha féideartha;

| (b) | tá sí faoi réir roghanna lánroghnacha áirithe chun comhthaobhacht incháilithe a eisiamh mar a dheonaítear do BCNanna an limistéir euro le cinntí Chomhairle Rialaithe an BCE. |
| --- | --- |

(b)

tá sí faoi réir roghanna lánroghnacha áirithe chun comhthaobhacht incháilithe a eisiamh mar a dheonaítear do BCNanna an limistéir euro le cinntí Chomhairle Rialaithe an BCE.

Airteagal 10

Soláthar creidmheasa agus nós imeachta aisghabhála

1.   Soláthrófar creidmheas a fhaightear trí bhíthin uathsholáthar urrúis chomhthaobhaigh saor ó ús.

2.   Féadfaidh uathsholáthar urrúis chomhthaobhaigh a aisíoc ag am ar bith i rith an lae ag sealbhóir an DCA T2S.

3.   Aisíocfar uathsholáthar urrúis chomhthaobhaigh ag an am a shainmhínítear i bhFoscríbhinn V ar a dhéanaí agus i gcomhréir leis an bpróiseas seo a leanas:

| (a) | scaoileann [cuir isteach ainm BC] an treoir aisíocaíochta atá socraithe faoi réir airgid a bheith ar fáil chun uathsholáthar urrúis chomhthaobhaigh gan íoc a aisíoc; |
| --- | --- |

(a)

scaoileann [cuir isteach ainm BC] an treoir aisíocaíochta atá socraithe faoi réir airgid a bheith ar fáil chun uathsholáthar urrúis chomhthaobhaigh gan íoc a aisíoc;

| (b) | más rud é, tar éis céim (a) a dhéanamh, nach leor an t-iarmhéid ar an T2S DCA chun uathsholáthar urrúis chomhthaobhaigh gan íoc a aisíoc, seiceálann [cuir isteach ainm BC] T2S DCAnna eile a osclaíodh ina chuid leabhar don tsealbhóir DCA T2S céanna agus aistríonn sé airgead ó aon cheann nó gach ceann díobh seo chuig an T2S DCA ina bhfuil treoracha aisíocaíochta ar feitheamh; |
| --- | --- |

(b)

más rud é, tar éis céim (a) a dhéanamh, nach leor an t-iarmhéid ar an T2S DCA chun uathsholáthar urrúis chomhthaobhaigh gan íoc a aisíoc, seiceálann [cuir isteach ainm BC] T2S DCAnna eile a osclaíodh ina chuid leabhar don tsealbhóir DCA T2S céanna agus aistríonn sé airgead ó aon cheann nó gach ceann díobh seo chuig an T2S DCA ina bhfuil treoracha aisíocaíochta ar feitheamh;

| (c) | más rud é, tar éis céimeanna (a) agus (b) a dhéanamh, nach leor an t-iarmhéid ar T2S DCA chun uathsholáthar urrúis chomhthaobhaigh neamhíoctha a aisíoc, measfar gur thug sealbhóir T2S DCA treoir do[cuir isteach ainm BC] an chomhthaobhacht a úsáideadh chun an uathsholáthar urrúis chomhthaobhaigh neamhíoctha a fháil a aistriú go cuntas comhthaobhachta [cuir isteach ainm BC]. Ina dhiaidh sin, soláthróidh [cuir isteach ainm BC] an leachtacht chun an uathsholáthar urrúis chomhthaobhaigh neamhíoctha a aisíoc agus déanfaidh sé MCA príomhá an tsealbhóra T2S DCA a chur do dhochar gan mhoill mhíchuí. |
| --- | --- |

(c)

más rud é, tar éis céimeanna (a) agus (b) a dhéanamh, nach leor an t-iarmhéid ar T2S DCA chun uathsholáthar urrúis chomhthaobhaigh neamhíoctha a aisíoc, measfar gur thug sealbhóir T2S DCA treoir do[cuir isteach ainm BC] an chomhthaobhacht a úsáideadh chun an uathsholáthar urrúis chomhthaobhaigh neamhíoctha a fháil a aistriú go cuntas comhthaobhachta [cuir isteach ainm BC]. Ina dhiaidh sin, soláthróidh [cuir isteach ainm BC] an leachtacht chun an uathsholáthar urrúis chomhthaobhaigh neamhíoctha a aisíoc agus déanfaidh sé MCA príomhá an tsealbhóra T2S DCA a chur do dhochar gan mhoill mhíchuí.

| (d) | Cuirfidh [cuir isteach ainm BC ] táille pionóis EUR 1 000 i bhfeidhm maidir le gach lá i gcás ina mbíonn leas amháin nó níos mó bainte as athlonnú comhthaobhachta faoi phointe (c). Cuirfidh an táille pionóis do dhochar MCA príomha an tsealbhóra T2S DCA dá dtagraítear i bpointe (c). |
| --- | --- |

(d)

Cuirfidh [cuir isteach ainm BC ] táille pionóis EUR 1 000 i bhfeidhm maidir le gach lá i gcás ina mbíonn leas amháin nó níos mó bainte as athlonnú comhthaobhachta faoi phointe (c). Cuirfidh an táille pionóis do dhochar MCA príomha an tsealbhóra T2S DCA dá dtagraítear i bpointe (c).

Airteagal 11

Saoráidí um uathsholáthar urrúis chomhthaobhaigh a fhionraí, a theorannú nó a fhoirceannadh

1.   Déanfaidh [cuir isteach ainm BC] rochtain sealbhóirí T2S DCA ar shaoráidí um uathsholáthar urrúis chomhthaobhaigh a fhionraí nó a fhoirceannadh má dhéanann sé rochtain an sealbhóirí T2S DCA sin ar chreidmheas ionlae a fhionraí nó a fhoirceannadh de bhun Chuid II, Airteagal 13.

2.   Déanfaidh [cuir isteach ainm BC] rochtain sealbhóirí T2S DCA ar shaoráidí um uathsholáthar urrúis chomhthaobhaigh a theorannú má theorannaigh sé rochtain an sealbhóirí T2S DCA sin ar chreidmheas ionlae de bhun Chuid II, Airteagal 13. I gcás den sórt sin, beidh feidhm ag an teorainn a shocrófar ar iomlán na saoráidí um uathsholáthar urrúis chomhthaobhaighh agus um chreidmheas ionlae le chéile, agus ní seachas ar gach ceann díobh ar leithligh.

CUID V

Téarmaí agus coinníollacha speisialta maidir le socraíocht íocaíochta meandrach (TIPS) cuntais airgid tiomnaithe (DCAnna TIPS )

Téarmaí agus coinníollacha speisialta maidir le socraíocht íocaíochta meandrach (TIPS) cuntais airgid tiomnaithe (DCAnna TIPS )

Airteagal 1

DCA TIPS a oscailt agus a bhainistiú

1.   Ar iarratas ó shealbhóir MCA, déanfaidh [cuir isteach ainm BC] TIPS DCA amháin nó níos mó a oscailt agus a oibriú.

2.   Ní bheidh aon iarmhéid dochair ar TIPS DCA.

Airteagal 2

Teachtaireachtaí a sheoladh agus a fháil

1.   Féadfaidh sealbhóir TIPS DCA teachtaireachtaí a sheoladh:

| (a) | go díreach, agus/nó |
| --- | --- |

(a)

go díreach, agus/nó

| (b) | trí pháirtí treorach amháin nó níos mó. |
| --- | --- |

(b)

trí pháirtí treorach amháin nó níos mó.

2.   Gheobhaidh sealbhóir TIPS DCA teachtaireachtaí:

| (a) | go díreach; nó |
| --- | --- |

(a)

go díreach; nó

| (b) | trí pháirtí treorach amháin. |
| --- | --- |

(b)

trí pháirtí treorach amháin.

3.   Beidh feidhm ag Cuid I, Airteagal 7 maidir le sealbhóir TIPS DCA a sheolann nó a fhaigheann teachtaireachtaí trí pháirtí treorach amhail is go seolann nó go bhfaigheann an sealbhóir TIPS DCA sin na teachtaireachtaí go díreach.

Airteagal 3

Páirtithe inrochtana

1.   Féadfaidh sealbhóirí TIPS DCA páirtí inrochtana amháin nó níos mó a ainmniú. Ní mór gur chloigh páirtithe inrochtana leis an scéim SCT Inst trí Chomhaontú Forleanúna um Aistriú Meandrach Creidmheasa SEPA a shíniú.

2.   Soláthróidh sealbhóir TIPS DCA fianaise do [cuir isteach ainm BC] gur chloígh gach páirtí inrochtana ainmnithe leis an scéim SCT Inst.

3.   Cuirfidh sealbhóir DCA TIPS [cuir isteach ainm BC] ar an eolas mura gcloíonn aon pháirtí inrochtana ainmnithe leis an scéim SCT Inst a thuilleadh agus glacfaidh sé, gan mhoill mhíchuí, bearta chun cosc a chur ar an bpáirtí sin rochtain a fháil ar DCA TIPS.

4.   Féadfaidh sealbhóir TIPS DCA rochtain a cheadú dá pháirtithe inrochtana ainmnithe trí pháirtí treorach amháin nó níos mó.

5.   Beidh feidhm ag Cuid I, Airteagal 7 maidir le sealbhóirí TIPS DCA a ainmníonn páirtithe inrochtana.

6.   Áiritheoidh sealbhóir TIPS DCA a bhfuil páirtí inrochtana ainmnithe aige go mbeidh an páirtí inrochtana sin ar fáil i gcónaí chun teachtaireachtaí a ghlacadh.

Airteagal 4

Idirbhearta arna bpróseáil ar DCAnna TIPS

1.   Déantar na hidirbhearta seo a leanas a phróiseáil trí TIPS DCA i TARGET-[cuir isteach tagairt BC/tíre):

| (a) | orduithe íocaíochta meandraí; |
| --- | --- |

(a)

orduithe íocaíochta meandraí;

| (b) | freagraí dearfacha aisghairmeacha; |
| --- | --- |

(b)

freagraí dearfacha aisghairmeacha;

| (c) | orduithe aistrithe leachtachta chuig cuntais theicniúla TIPS AS, MCAnna, T2S DCAnna nó RTGS DCAnna; |
| --- | --- |

(c)

orduithe aistrithe leachtachta chuig cuntais theicniúla TIPS AS, MCAnna, T2S DCAnna nó RTGS DCAnna;

| (d) | orduithe aistrithe leachtachta chuig fochuntais; |
| --- | --- |

(d)

orduithe aistrithe leachtachta chuig fochuntais;

| (e) | orduithe aistrithe leachtachta chuig cuntais taisce thar oíche. |
| --- | --- |

(e)

orduithe aistrithe leachtachta chuig cuntais taisce thar oíche.

Airteagal 5

Orduithe aistrithe leachtachta láithreacha

Féadfaidh sealbhóir TIPS DCA orduithe aistrithe leachtachta láithreacha a chur isteach.

Airteagal 6

Próiseáil orduithe aistrithe airgid ar DCAnna TIPS

1.   Leithdháiltear stampa ama chun orduithe aistrithe airgid a phróiseáil de réir ord a bhfála.

2.   Déanfar gach ordú aistrithe airgid a chuirtear isteach i TARGET-[cuir isteach tagairt BC/tíre] a phróiseáil de réir an phrionsabail (FIFO) “is túisce isteach is túisce amach”, gan tosaíocht ná athordú a dhéanamh.

3.   Tar éis glacadh le hordú íocaíochta meandraí mar a leagtar amach i gCuid I, Airteagal 17, seiceálfaidh TARGET-[cuir isteach tagairt BC/tíre] an bhfuil cistí leordhóthanacha ar fáil ar TIPS DCA an íocóra chun socraíocht a chur i gcrích agus beidh feidhm ag an méid seo a leanas:

| (a) | mura bhfuil cistí leordhóthanacha ar fáil, diúltófar don ordú íocaíochta meandraí; |
| --- | --- |

(a)

mura bhfuil cistí leordhóthanacha ar fáil, diúltófar don ordú íocaíochta meandraí;

| (b) | má tá cistí leordhóthanacha ar fáil cuirtear an méid comhfhreagrach i gcúlchistí fad a bheifear ag fanacht le freagra an íocaí. I gcás go nglacfaidh an t-íocaí leis, socrófar an t-ordú íocaíochta meandraí agus cuirfear deireadh leis an bhforchoimeádas go comhuaineach. Má dhiúltaíonn an t-íocaí nó mura bhfaightear freagra tráthúil uaidh, de réir bhrí na scéime Inst SCT, diúltaítear don ordú íocaíochta meandraí agus cuirfear deireadh leis an bhforchoimeádas go comhuaineach. |
| --- | --- |

(b)

má tá cistí leordhóthanacha ar fáil cuirtear an méid comhfhreagrach i gcúlchistí fad a bheifear ag fanacht le freagra an íocaí. I gcás go nglacfaidh an t-íocaí leis, socrófar an t-ordú íocaíochta meandraí agus cuirfear deireadh leis an bhforchoimeádas go comhuaineach. Má dhiúltaíonn an t-íocaí nó mura bhfaightear freagra tráthúil uaidh, de réir bhrí na scéime Inst SCT, diúltaítear don ordú íocaíochta meandraí agus cuirfear deireadh leis an bhforchoimeádas go comhuaineach.

4.   Ní bheidh cistí a cuireadh i gcúlchistí i gcomhréir le mír 3(b) ar fáil chun orduithe aistrithe airgid ina dhiaidh sin a shocrú.

5.   Gan dochar do mhír 3(b), diúltóidh [cuir isteach tagairt BC] d’ordú íocaíochta meandraí má sháraíonn méid an ordaithe íocaíochta mheandraí aon iarmhéid meabhráin creidmheasa (CMB) is infheidhme.

6.   Tar éis glacadh le hordú aistrithe leachtachta láithreach mar atá leagtha amach i gCuid I, Airteagal 17, seiceálfaidh TARGET-[cuir isteach tagairt BC/tíre] an bhfuil cistí leordhóthanacha ar fáil ar TIPS DCA an íocóra. Mura bhfuil cistí leordhóthanacha ar fáil diúltófar don ordú aistrithe leachtacha.

7.   Tar éis glacadh le freagra dearfach aisghairme, mar a leagtar amach in gCuid 1, Airteagal 17, seiceálfaidh TARGET-[cuir isteach tagairt BC/tíre] an bhfuil cistí leordhóthanacha ar fáil ar TIPS DCA atá le cur chun dochair. Mura bhfuil cistí leordhóthanacha ar fáil diúltófar don fhreagra dearfach aisghairme Má tá cistí leordhóthanacha ar fáil socraítear an freagra dearfach aisghairme.

8.   Gan dochar do mhír 7, diúltóidh TARGET-[cuir isteach tagairt BC/tíre] do fhreagraí dearfacha aisghairmeacha má sháraíonn méid an fhreagra dhearfaigh aon CMB is infheidhme.

Airteagal 7

Iarraidh ar aisghairm

1.   Féadfaidh sealbhóir TIPS DCA iarraidh athghairme a chur isteach.

2.   Cuirfear an iarraidh ar aisghairm ar aghaidh chuig íocaí an ordaithe íocaíochta mheandraí socraithe a fhéadfaidh freagra athghairme dearfach nó freagra diúltach aisghairme a thabhairt.

Airteagal 8

Eolaire TIPS

1.   Is éard atá san eolaire TIPS ná liosta de na BICanna a úsáidtear chun faisnéis a ródú agus cuimsíonn sé BICanna de:

| (a) | shealbhóirí TIPS DCA; |
| --- | --- |

(a)

shealbhóirí TIPS DCA;

| (b) | pháirtithe inrochtana. |
| --- | --- |

(b)

pháirtithe inrochtana.

2.   Déanfar an t-eolaire TIPS a nuashonrú go laethúil.

3.   Ní fhéadfaidh sealbhóirí TIPS DCA an t-eolaire TIPS a dháileadh ach ar a mbrainsí, a bpáirtithe inrochtana ainmnithe agus a bpáirtithe treoracha. Ní fhéadfaidh páirtithe inrochtana an t-eolaire TIPS a dháileadh ach ar a mbrainsí.

4.   Ní féidir BIC ar leith a thaispeáint ach uair amháin san eolaire TIPS.

5.   Admhaíonn sealbhóirí DCA TIPS go bhféadfaidh [cuir isteach ainm BC] agus BCanna eile a n-ainmneacha agus a gcuid BICanna a fhoilsiú. Ina theannta sin, féadfaidh [cuir isteach ainm BC] agus BCanna eile ainmneacha agus BICanna páirtithe inrochtana arna n-ainmniú ag sealbhóirí DCA TIPS a fhoilsiú agus áiritheoidh sealbhóirí DCA TIPS gur aontaigh páirtithe inrochtana leis an bhfoilseachán sin.

Airteagal 9

Stór MPL

1.   Tá an tábla mapála IBAN chun críocha na seirbhíse MPL sa stór lárnach do chuardach ionadaí soghluaiste (MPL).

2.   Ní féidir gach ionadaí a nascadh ach le hIBAN amháin. Is féidir IBAN a nascadh le hionadaí amháin nó le hionadaithe iolracha.

3.   Beidh feidhm ag Cuid I, Airteagal 28 maidir leis na sonraí atá sa stór MPL.

Airteagal 10

Próiseáil orduithe aistrithe airgid i gcás fionraí nó foirceanta urghnách

1.   Ar fhoirceannadh rannpháirtíochta shealbhóir TIPS DCA i TARGET-[cuir isteach tagairt BC/tíre] ní ghlacfaidh [cuir isteach ainm BC] le haon orduithe aistrithe airgid nua chuig nó ón tsealbhóir TIPS DCA sin.

2.   Má chuirtear rannpháirtíocht shealbhóir TIPS DCA i TARGET-[cuir isteach tagairt BC/tíre] ar fionraí ar fhorais seachas iad siúd a shonraítear i gCuid I, Airteagal 25(1), pointe (a), maidir le [cuir isteach ainm BC]:

| (a) | diúiltóidh sé dá orduithe aistrithe airgid isteach go léir; |
| --- | --- |

(a)

diúiltóidh sé dá orduithe aistrithe airgid isteach go léir;

| (b) | diúltóidh sé dá orduithe aistrithe airgid amach go léir; nó |
| --- | --- |

(b)

diúltóidh sé dá orduithe aistrithe airgid amach go léir; nó

| (c) | diúltóidh sé dá orduithe aistrithe isteach agus amach. |
| --- | --- |

(c)

diúltóidh sé dá orduithe aistrithe isteach agus amach.

3.   Má chuirtear rannpháirtíocht shealbhóir TIPS DCA i TARGET-[cuir isteach tagairt BC/tíre] ar fionraí ar na forais seachas a shonraítear i gCuid I, Airteagal 25(1), pointe (a), diúltóidh [cuir isteach ainm BC] dá orduithe aistrithe airgid isteach agus amach go léir.

4.   Próiseálfaidh [cuir isteach ainm BC] orduithe íocaíochta meandraí shealbhóir TIPS DCA a bhfuil a rannpháirtíocht i TARGET-[cuir isteach tagairt BC/tíre] curtha ar fionraí nó foirceanta faoi Chuid I, Airteagal 25(1) nó (2) agus a raibh cistí forchoimeádta ag [cuir isteach ainm BC] ina leith ar TIPS DCA de bhun Airteagal 6(3), pointe (b) roimh an bhfionraí nó roimh an bhfoirceannadh.

CUID VI

Téarmaí agus coinníollacha speisialta maidir le córais choimhdeacha (AS) ag úsáid nós imeachta ollsocraíochta fíor-ama córais choimhdigh (AS RTGS) nósanna imeachta socraíochta

Téarmaí agus coinníollacha speisialta maidir le córais choimhdeacha (AS) ag úsáid nós imeachta ollsocraíochta fíor-ama córais choimhdigh (AS RTGS) nósanna imeachta socraíochta

Airteagal 1

Cuntais theicniúla AS a oscailt agus a bhainistiú agus nósanna imeachta socraíochta AS RTGS a úsáid

1.   Féadfaidh [cuir isteach ainm BC], ar iarratas ó AS, cuntas teicniúil RTGS AS amháin nó níos mó a oscailt agus a oibriú chun tacú le nósanna imeachta socraíochta RTGS AS.

2.   Ní bheidh aon iarmhéid dochair ar chuntas teicniúil RTGS AS.

3.   Ní dhéanfar cuntais theicniúla RTGS AS a fhoilsiú san eolaire RTGS.

4.   Roghnóidh an AS ceann amháin de na nósanna imeachta socraíochta seo a leanas ar a laghad chun críocha orduithe aistrithe AS a phróiseáil:

| (a) | nós imeachta socraíochta RTGSAS A; |
| --- | --- |

(a)

nós imeachta socraíochta RTGSAS A;

| (b) | nós imeachta socraíochta RTGS AS B; |
| --- | --- |

(b)

nós imeachta socraíochta RTGS AS B;

| (c) | nós imeachta socraíochta RTGS AS C; |
| --- | --- |

(c)

nós imeachta socraíochta RTGS AS C;

| (d) | nós imeachta socraíochta RTGS AS D; |
| --- | --- |

(d)

nós imeachta socraíochta RTGS AS D;

| (e) | nós imeachta socraíochta RTGS AS E; |
| --- | --- |

(e)

nós imeachta socraíochta RTGS AS E;

5.   Beidh feidhm ag na rialacha a leagtar amach in Airteagail 3, 4, 5, 6 agus 7 maidir le nósanna imeachta socraíochta AS RTGS A, B, C, D agus E, faoi seach.

6.   Beidh nósanna imeachta socraíochta RTGS AS i bhfeidhm le linn na n-amanna atá leagtha amach i bhFoscríbhinn V.

7.   Iarrfaidh an AS ar [cuir isteach ainm BC] grúpa cuntas bainc socraíochta a chruthú.

8.   Ní sheolfaidh an AS orduithe aistrithe AS ach chuig cuntais a áirítear sa ghrúpa cuntas bainc socraíochta dá dtagraítear i mír 7.

Airteagal 2

Tosaíocht orduithe aistrithe AS

Sannfar an tosaíocht “práinneach” go huathoibríoch d’ordaithe aistrithe AS uile.

Airteagal 3

Nós imeachta socraíochta A AS RTGS

1.   Iarrfaidh an AS cuntas teicniúil tiomnaitheRTGSAS chun tacú le próiseáil orduithe aistrithe AS trí úsáid a bhaint as nós imeachta socraíochta A. Beidh iarmhéid nialasach ar chuntas den sórt sin ag deireadh an lae.

2.   Féadfaidh an AS a iarraidh go n-osclófaí cuntas ciste ráthaíochta AS chun tacú le socraíocht i ndáil leis an tseirbhís “tréimhse shocraíochta”. Úsáidfear na hiarmhéideanna ar an gcuntas ciste ráthaíochta AS chun orduithe aistrithe AS a shocrú i gcás nach bhfuil leachtacht leordhóthanach ar fáil ar RTGS DCA bainc socraíochta. Féadfaidh an cuntas ciste ráthaíochta AS a bheith i seilbh [cuir isteach ainm BC], an AS nó rannpháirtí incháilithe. Ní dhéanfar cuntas ciste ráthaíochta RTGS AS a fhoilsiú san eolaire RTGS.

3.   Cuirfidh an AS orduithe aistrithe AS isteach mar bhaisc i gcomhad amháin ina gcaithfidh suim na dochair suim na gcreidmheasanna a chomhardú.

4.   Ar dtús, déanfaidh [cuir isteach ainm BC] iarracht orduithe aistrithe AS a chuirfidh RTGS DCAnna do dhochar a shocrú ó bhainc socraíochta agus cuntas teicniúil RTGS AS an AS a chreidiúnú. Ní dhéanfaidh [cuir isteach ainm BC] iarracht orduithe aistrithe AS lena gcuirtear RTGS AS chun dochair agus lena gcuirtear RTGS DCAnna na mbanc socraíochta chun sochair a shocrú go dtí go socrófar gach ordú aistrithe AS den sórt sin (lena n-áirítear cistiú féideartha chuntas teicniúil RTGS AS ón gcuntas ciste ráthaíochta AS).

5.   Má tá ordú aistrithe AS chun RTGS DCA de chuid banc socraíochta ciúáilte, cuirfidh [cuir isteach ainm BC] an banc socraíochta ar an eolas trí mheán teachtaireachta craolta.

6.   Más rud é gur osclaíodh cuntas ciste ráthaíochta AS agus nach bhfuil cistí leordhóthanacha ag banc socraíochta ar a RTGS DCA, féadfaidh an AS treoir a thabhairt do [cuir isteach ainm BC] meicníocht an chiste ráthaíochta a ghníomhachtú trí iarraidh an cuntas ciste ráthaíochta AS a chur chun dochair agus an cuntas teicniúil RTGS AS a chur chun sochair. Mura bhfuil cistí leordhóthanacha sa chuntas ciste ráthaíochta AS chun an tsocraíocht a chur i gcrích, teipfidh ar an bpróiseas socraíochta.

7.   Má theipeann ar an bpróiseas socraíochta ar aon chúis, lena n-áirítear mar a thagraítear dó i mír 6, diúltóidh [cuir isteach ainm BC] gach ordú aistrithe AS neamhshocraithe sa chomhad aonair dá dtagraítear i mír 3 agus déanfaidh sé aon orduithe aistrithe AS atá socraithe cheana féin a fhreaschur.

8.   Tabharfar fógra don AS ar chríochnú nó ar mhainneachtain na socraíochta.

9.   Féadfaidh AS na seirbhísí seo a leanas a roghnú :

| (a) | an tseirbhís “tréimhse faisnéise”, dá dtagraítear in Airteagal 8(1); |
| --- | --- |

(a)

an tseirbhís “tréimhse faisnéise”, dá dtagraítear in Airteagal 8(1);

| (b) | an tseirbhís “tréimhse shocraíochta”, dá dtagraítear in Airteagal 8(3); |
| --- | --- |

(b)

an tseirbhís “tréimhse shocraíochta”, dá dtagraítear in Airteagal 8(3);

Airteagal 4

Nós imeachta socraíochta B AS RTGS;

1.   Iarrfaidh an AS ar chuntas teicniúil tiomnaithe RTGS AS chun tacú le próiseáil orduithe aistrithe AS trí úsáid a bhaint as nós imeachta socraíochta B. Beidh iarmhéid nialasach ar chuntas den sórt sin ag deireadh an lae.

2.   Féadfaidh an AS a iarraidh go n-osclófaí cuntas ciste ráthaíochta AS chun tacú le socraíocht i ndáil leis an tseirbhís “tréimhse shocraíochta”. Úsáidfear na hiarmhéideanna ar an gcuntas ciste ráthaíochta AS chun orduithe aistrithe AS a shocrú i gcás nach bhfuil leachtacht leordhóthanach ar fáil ar RTGS DCA bainc socraíochta. Féadfaidh an cuntas ciste ráthaíochta AS a bheith i seilbh [cuir isteach ainm BC], an AS nó rannpháirtí incháilithe. Ní dhéanfar cuntas ciste ráthaíochta RTGS AS a fhoilsiú san eolaire RTGS.

3.   Cuirfidh an AS orduithe aistrithe AS isteach mar bhaisc i gcomhad amháin ina gcaithfidh suim na dochair suim na gcreidmheasanna a chomhardú.

4.   Oibríonn nós imeachta socraíochta B ar bhonn “iomlán-nó-faic”. Féachfaidh [cuir isteach ainm BC] le gach ordú aistrithe AS a chuireann RTGS DCAnna na mbanc socraíochta chun dochair agus a chuireann cuntas teicniúil RTGS AS an AS chun sochair agus gach ordú aistrithe AS a chuireann cuntas teicniúil RTGS AS chun dochair agus RTGS DCAnna na mbanc socraíochta chun sochair a shocrú go comhuaineach. Mura féidir ceann amháin nó níos mó de na horduithe aistrithe AS a shocrú, cuirfear gach ordú aistrithe AS i gciú agus cuirfear algartam barrfheabhsaithe i bhfeidhm, agus cuirfear na bainc socraíochta ar an eolas.

5.   Más rud é gur osclaíodh cuntas ciste ráthaíochta AS agus nach bhfuil cistí leordhóthanacha ag banc socraíochta ar a RTGS DCA, féadfaidh an AS treoir a thabhairt do [cuir isteach ainm BC] meicníocht an chiste ráthaíochta a ghníomhachtú trí iarraidh an cuntas ciste ráthaíochta AS a chur chun dochair agus cuntas teicniúil RTGS AS a chur chun sochair. Mura bhfuil cistí leordhóthanacha sa chuntas ciste ráthaíochta AS chun an tsocraíocht a chur i gcrích, teipfidh ar an bpróiseas socraíochta.

6.   Má theipeann ar an bpróiseas socraíochta ar aon chúis, lena n-áirítear mar a thagraítear dó i mír 5, diúltóidh [cuir isteach ainm BC] gach ordú aistrithe AS neamhshocraithe sa chomhad aonair dá dtagraítear i mír 3.

7.   Tabharfar fógra don AS ar chríochnú nó ar mhainneachtain na socraíochta.

8.   Féadfaidh AS na seirbhísí seo a leanas a roghnú :

| (a) | an tseirbhís “tréimhse faisnéise”, dá dtagraítear in Airteagal 8(1); |
| --- | --- |

(a)

an tseirbhís “tréimhse faisnéise”, dá dtagraítear in Airteagal 8(1);

| (b) | an tseirbhís “tréimhse shocraíochta”, dá dtagraítear in Airteagal 8(3). |
| --- | --- |

(b)

an tseirbhís “tréimhse shocraíochta”, dá dtagraítear in Airteagal 8(3).

Airteagal 5

Nós imeachta socraíochta C AS RTGS

1.   Tacaíonn nós imeachta socraíochta C le socraíocht trí úsáid a bhaint as leachtacht thiomnaithe ar fhochuntais. Iarrfaidh an AS ar chuntas teicniúil tiomnaithe RTGS AS chun tacú le próiseáil orduithe aistrithe AS trí úsáid a bhaint as nós imeachta socraíochta C. Beidh iarmhéid nialasach ar chuntas den sórt sin ag deireadh an lae. Féadfar an cuntas teicniúil RTGS AS seo a úsáid freisin chun tacú le próiseáil orduithe aistrithe AS trí úsáid a bhaint as nós imeachta socraíochta E.

2.   Áiritheoidh an AS go n-osclóidh gach banc socraíochta fochuntas amháin ar a laghad nach bhfuil le húsáid ag AS ach chun críocha an nós imeachta socraíochta seo.

3.   Tosóidh [cuir isteach ainm BC] nós imeachta socraíochta sainordaitheach C go huathoibríoch ar gach lá gnó TARGET de réir an sceidil atá leagtha amach i bhFoscríbhinn V, a spreagfaidh socraíocht na mbuanorduithe aistrithe leachtachta sin a bunaíodh do nós imeachta socraíochta sainordaitheach C trí RTGS DCAnna na mbanc socraíochta a chur chun dochair agus an fochuntas dá dtagraítear i mír 2 a chur chun sochair.

4.   Dúnfar nós imeachta socraíochta C trí bhíthin teachtaireachta deireadh nós imeachta, a fhéadfaidh an AS a sheoladh tráth ar bith roimh an scoitham le haghaidh íocaíochtaí idirbhainc mar atá leagtha amach i bhFoscríbhinn V. Mura seolann AS an teachtaireacht deireadh nós imeachta faoin scoitham sin, dúnfaidh [cuir isteach ainm BC] an nós imeachta ag an scoitham sin.

5.   Mar thoradh ar dhúnadh nós imeachta socraíochta sainordaitheach C, aistrítear leachtacht go huathoibríoch ón bhfochuntas dá dtagraítear i mír 2 go dtí an RTGS DCA.

6.   Má dhúntar nós imeachta socraíochta sainordaitheach C, féadfaidh an AS tús a chur le nós imeachta roghnach aon tráth roimh an scoitham le haghaidh íocaíochtaí idirbhainc mar atá leagtha amach i bhFoscríbhinn V, lena spreagfar socraíocht na mbuanorduithe aistrithe leachtachta sin a chuirfear ar bun le haghaidh nós imeachta socraíochta roghnach C trí RTGS DCA an bhainc socraíochta a chur chun dochair agus a fhochuntas RTGS a chur chun socair. Féadfaidh an AS nós imeachta roghnach comhleanúnach amháin nó níos mó a thosú agus a dhúnadh roimh an scoitham le haghaidh íocaíochtaí idirbhainc. Mar thoradh ar dhúnadh nós imeachta socraíochta C, aistrítear leachtacht go huathoibríoch ón bhfochuntas dá dtagraítear i mír 2 go dtí an RTGS DCA

7.   Féadfaidh timthriall amháin nó roinnt timthriallta a bheith sa nós imeachta socraíochta sainordaitheach C agus in aon nós imeachta socraíochta roghnach C ina dhiaidh sin.

8.   Féadfaidh an AS, tráth ar bith tar éis nós imeachta socraíochta sainordaitheach nó roghnach C a thosú, timthriall a thosú trí bhíthin teachtaireachta “tús timthrialla”. Tar éis thús an timthrialla, ní fhéadfar aistrithe leachtachta a dhéanamh ón bhfochuntas dá dtagraítear i mír 2 go dtí go seolfaidh an AS teachtaireacht “deireadh timthrialla”. Is féidir an t-iarmhéid a athrú le linn an timthrialla mar thoradh ar íocaíochtaí socraíochta nó má aistríonn banc socraíochta leachtacht chuig a fhochuntas. Tabharfaidh [cuir isteach ainm BC] fógra don AS faoin laghdú nó méadú leachtachta ar an bhfochuntas mar thoradh ar íocaíochtaí socraíochta traschórais. Má iarrann an AS amhlaidh, tabharfaidh an [cuir isteach ainm BC] fógra dó freisin faoin leachtacht mhéadaithe ar an bhfochuntas mar thoradh ar aistriú leachtachta ag an mbanc socraíochta.

9.   Féadfaidh an AS orduithe aistrithe AS mar bhaisc i gcomhad amháin nó i roinnt comhaid le linn an timtrialla a bheith ar oscailt Féadfaidh na horduithe aistrithe airgid a bheith d’aon cheann de na hidirbhearta seo a leanas:

| (a) | fochuntais na mbanc socraíochta a chur chun dochair agus cuntas teicniúil an RTGS AS a chur chun sochair; |
| --- | --- |

(a)

fochuntais na mbanc socraíochta a chur chun dochair agus cuntas teicniúil an RTGS AS a chur chun sochair;

| (b) | cuntas teicniúil an RTGS AS a chur chun dochair agus fochuntais na mbanc socraíochta a chur chun socair; |
| --- | --- |

(b)

cuntas teicniúil an RTGS AS a chur chun dochair agus fochuntais na mbanc socraíochta a chur chun socair;

| (c) | cuntas teicniúil an RTGS AS a chur chun dochair agus RTGS DCAnna na mbanc socraíochta a chur chun sochair. |
| --- | --- |

(c)

cuntas teicniúil an RTGS AS a chur chun dochair agus RTGS DCAnna na mbanc socraíochta a chur chun sochair.

10.   Socróidh [cuir isteach ainm BC] láithreach na horduithe aistrithe AS sin is féidir a shocrú. Déanfar orduithe aistrithe AS nach féidir a shocrú láithreach a chiúáil agus cuirfear algartam barrfheabhsaithe i bhfeidhm. Diúltófar d’aon orduithe aistrithe AS neamhshocraithe tráth a ndúntar an timthriall.

11.   Tabharfar fógra don AS faoi dheireadh an timthrialla ar a dhéanaí maidir le stádas na n-orduithe aistrithe aonair AS.

Airteagal 6

Nós imeachta socraíochta D AS RTGS

1.   Tacaíonn nós imeachta socraíochta RTGS AS D le socraíocht maidir le húsáid réamh-mhaoinithe. Iarrfaidh an AS cuntas teicniúil tiomnaithe RTGS AS chun tacú le próiseáil orduithe aistrithe AS trí úsáid a bhaint as nós imeachta socraíochta D.

2.   Ní bheidh ach iarmhéid nialasach nó iarmhéid dearfach ar chuntais theicniúla RTGS AS. Féadfaidh leachtacht fanacht ar chuntas teicniúil RTGS AS thar oíche agus, air sin, beidh sí faoi réir luach saothair mar a leagtar amach i gCuid I, Airteagal 12(2).

3.   Tabharfaidh [cuir isteach ainm BC] fógra don AS faoi aistrithe leachtachta lena gcuirtear RTGS DCAnna na mbanc socraíochta chun dochair agus lena gcuirtear cuntas teicniúil an RTGS AS chun sochair. Féadfar na haistrithe leachtachta seo a dhéanamh ar gach lá gnó TARGET de réir an sceidil atá leagtha amach in bhFoscríbhinn V. Féadfaidh an AS orduithe aistrithe leachtachta láithreach a ionchur a chuireann cuntas teicniúil an RTGS AS chun dochair agus RTGS DCAnnana na mbanc socraíochta chun sochair.

Airteagal 7

Nós imeachta socraíochta E AS RTGS

1.   Tacaíonn nós imeachta socraíochta RTGS AS E le socrú déthaobhach agus le próiseáil aonair orduithe aistrithe AS. Féadfaidh an AS Nós Imeachta Socraíochta E a úsáid gan cuntas teicniúil RTGS AS le haghaidh socraíochta déthaobhaí. Iarrfaidh an AS cuntas teicniúil RTGS AS chun tacú le próiseáil orduithe aistrithe AS trí úsáid a bhaint as nós imeachta socraíochta E má roghnaíonn sé próiseáil aonair orduithe aistrithe AS. Beidh iarmhéid nialasach ar an gcuntas teicniúil RTGS AS seo ag deireadh an lae. Féadfar an cuntas teicniúil RTGS AS seo a úsáid freisin le haghaidh nós imeachta socraíochta C.

2.   Féadfaidh an AS orduithe aistrithe AS a thíolacadh mar bhaisc i gcomhad amháin nó i roinnt comhad idir:

| (a) | RTGS DCAnna na mbanc socraíochta agus cuntas teicniúil an RTGS AS má úsáidtear iad; agus |
| --- | --- |

(a)

RTGS DCAnna na mbanc socraíochta agus cuntas teicniúil an RTGS AS má úsáidtear iad; agus

| (b) | RTGS DCAnna na mbanc socraíochta. |
| --- | --- |

(b)

RTGS DCAnna na mbanc socraíochta.

Beidh an AS freagrach as seicheamhú ceart orduithe aistrithe AS sa chomhad a áirithiú chun socraíocht rianúil a áirithiú.

3.   Socróidh [cuir isteach ainm BC] láithreach na horduithe aistrithe AS sin is féidir a shocrú. Déanfar orduithe aistrithe AS nach féidir a shocrú láithreach a chiúáil. Má ciúáiltear ordú aistrithe AS chun RTGS DCA de chuid banc socraíochta a chur chun dochair, cuirfidh an banc socraíochta ar an eolas trí mheán teachtaireachta craolta.

4.   Féadfaidh AS na seirbhísí seo a leanas a roghnú :

| (a) | an tseirbhís “tréimhse fhaisnéise”, dá dtagraítear in Airteagal 8(1); |
| --- | --- |

(a)

an tseirbhís “tréimhse fhaisnéise”, dá dtagraítear in Airteagal 8(1);

| (b) | an tseirbhís “tréimhse shocraíochta”, dá dtagraítear in Airteagal 8(3). |
| --- | --- |

(b)

an tseirbhís “tréimhse shocraíochta”, dá dtagraítear in Airteagal 8(3).

5.   Tabharfar fógra don AS maidir le stádas na n-orduithe aistrithe AS aonair arna gcur isteach.

Airteagal 8

Tréimhse fhaisnéise agus tréimhse shocraíochta

1.   Ligeann an tseirbhís “tréimhse fhaisnéise” don AS a bhainc socraíochta a chur ar an eolas faoin leachtacht is gá chun socraíocht rathúil a chinntiú. Ligeann an tseirbhís roghnach seo don AS tréimhse a shainiú roimh thús shocraíocht na n-orduithe aistrithe AS. Le linn na tréimhse sin, agus ar iarratas ón mbanc socraíochta, féadfaidh an AS orduithe aistrithe AS aonair (do nós imeachta socraíochta RTGS AS E) nó comhaid (le haghaidh nósanna imeachta socraíochta RTGS AS A agus B) a chúlghairm. In a theannta sin, féadfaidh an AS iarraidh ar [cuir isteach ainm BC] an chúlghairm sin a dhéanamh thar a cheann.

2.   Sa chás go ndéanann AS, nó go ndéanann [cuir isteach ainm BC] thar cheann an AS, orduithe aistrithe AS aonair (do Nós Imeachta Socraíochta RTGS AS E) nó comhaid (do nósanna imeachta socraíochta RTGS AS A agus B) a chúlghairm le linn na “tréimhse fhaisnéise”, cuirfear próiseáil na n-orduithe aistrithe AS ar ceal.

3.   Ceadaíonn an tseirbhís “tréimhse shocraíochta” don AS tréimhse a shainiú go dtí gur féidir socraíocht orduithe aistrithe AS a dhéanamh. Is réamhriachtanas í an tseirbhís seo chun cuntas ciste ráthaíochta a úsáid, agus tá sé roghnach chun cuntais theicniúla AS a úsáid.

4.   Le linn na “tréimhse socraíochta” féadfaidh an AS, nó [cuir isteach ainm BC] thar a cheann, orduithe aistrithe AS aonair (do nós imeachta socraíochta RTGS AS E) nó comhaid (do nósanna imeachta socraíochta RTGS AS A agus B) nach bhfuil stádas críochnaitheach acu a chúlghairm agus beidh feidhm ag an méid seo a leanas:

| (a) | má úsáidtear nós imeachta socraíochta RTGS AS E le haghaigh socraíochta déthaobhaí, déanfar na horduithe aistrithe AS ábhartha a fhreaschur; |
| --- | --- |

(a)

má úsáidtear nós imeachta socraíochta RTGS AS E le haghaigh socraíochta déthaobhaí, déanfar na horduithe aistrithe AS ábhartha a fhreaschur;

| (b) | mura n-úsáidtear nós imeachta socraíochta RTGS AS E le haghaidh socraíochta déthaobhaí, nó má theipeann ar an tsocraíocht iomlán i nós imeachta socraíochta RTGS AS A, déanfar aon orduithe aistrithe AS socraithe sa chomhad a fhreaschur agus cuirfear na bainc socraíochta go léir agus an AS ar an eolas trí theachtaireacht chraolta. |
| --- | --- |

(b)

mura n-úsáidtear nós imeachta socraíochta RTGS AS E le haghaidh socraíochta déthaobhaí, nó má theipeann ar an tsocraíocht iomlán i nós imeachta socraíochta RTGS AS A, déanfar aon orduithe aistrithe AS socraithe sa chomhad a fhreaschur agus cuirfear na bainc socraíochta go léir agus an AS ar an eolas trí theachtaireacht chraolta.

| (c) | má úsáidtear nós imeachta socraíochta RTGS AS B, teipeann ar an tsocraíocht iomlán agus cuirfear na bainc socraíochta go léir agus an AS ar an eolas trí theachtaireacht chraolta. |
| --- | --- |

(c)

má úsáidtear nós imeachta socraíochta RTGS AS B, teipeann ar an tsocraíocht iomlán agus cuirfear na bainc socraíochta go léir agus an AS ar an eolas trí theachtaireacht chraolta.

Airteagal 9

Socraíocht traschórais

1.   Ligeann socraíocht traschórais don AS creidiúnú a dhéanamh do chuntas teicniúil RTGS AS AS eile nó d’fhochuntas bainc socraíochta de chuid AS eile agus tá sé ar fáil do AS trí úsáid a bhaint as nós imeachta socraíochta RTGS AS C nó D.

2.   Ceadóidh [cuir isteach ainm BC], ar iarratas ón AS, socraíocht traschórais idir an AS sin agus AS eile i TARGET-[cuir isteach tagairt tíre/ainm BC] nó córas comhpháirte eile de TARGET. Cuirfidh an AS iarrthach údarú an AS eile ar fáil do [cuir isteach ainm BC].

3.   Ní fhéadfar socrú traschórais a thionscnamh ach amháin má tá nós imeachta socraíochta oscailte ag an dá AS. Ina theannta sin, má thionscnaíonn AS an tsocraíocht traschórais trí úsáid á bhaint as nós imeachta socraíochta RTGS AS C, ní mór timthriall socraíochta a bheith oscailte don AS sin freisin.

4.   Ní dhéanfaidh AS a úsáideann nós imeachta socraíochta RTGS AS C i gcomhthéacs socraíochta traschórais ach orduithe aistrithe AS a chur isteach ina n-aonar a chuirfidh fochuntas ceann dá bhainc socraíochta AS do dhochar. Chuirfeadh na horduithe aistrithe AS seo fochuntas an bhainc socraíochta AS glactha chun socair má tá an AS glactha sin ag baint úsáide as nós imeachta socraíochta RTGS AS C, nó chuirfeadh siad cuntas teicniúil RTGS AS an AS glactha chun socair má tá an AS sin ag baint úsáide as nós imeachta socraíochta RTGS AS D.

5.   Ní dhéanfaidh AS a úsáideann nós imeachta socraíochta RTGS AS D i gcomhthéacs socraíochta traschórais ach orduithe aistrithe AS a chur isteach ina n-aonar lena gcuirtear a chuntas teicniúil RTGS AS chun dochair. Chuirfeadh na horduithe aistrithe AS seo fochuntas an bhainc socraíochta AS glactha chun socair má tá an AS glactha sin ag baint úsáide as nós imeachta socraíochta RTGS AS C, nó chuirfeadh siad cuntas teicniúil RTGS AS an AS glactha chun socair má tá an AS sin ag baint úsáide as nós imeachta socraíochta RTGS AS D.

Tabharfar fógra don dá AS a úsáideann socraíocht traschórais trí theachtaireacht chraolta maidir le socraíocht nó diúltú na n-orduithe aistrithe AS.

Airteagal 10

Éifeacht fionraí nó foirceanta

Má dhéantar úsáid nósanna imeachta socraíochta AS a chur ar fionraí nó a fhoirceannadh ag AS le linn timthriall socraíochta orduithe aistrithe AS, féadfaidh [cuir isteach ainm BC] an timthriall socraíochta a chríochnú.

CUID VII

Téarmaí agus coinníollacha speisialta maidir le córais choimhdeacha ag baint usáid as nós imeachta córais choimhdigh de shocraíocht íocaíochtaí meandracha target (TIPS) (NÓS IMEACHTA AS TIPS )

Téarmaí agus coinníollacha speisialta maidir le córais choimhdeacha ag baint usáid as nós imeachta córais choimhdigh de shocraíocht íocaíochtaí meandracha target (TIPS) (NÓS IMEACHTA AS TIPS )

Aireagal 1

Cuntas teicniúil AS TIPS a oscailt agus a bhainistiú

1.   Féadfaidh [cuir isteach ainm BC] ar iarratas ó AS a shocraíonn íocaíochtaí meandracha de bhun scéim SCT Inst nó íocaíochtaí gar láithreacha ina leabhair féin, cuntas teicniúil TIPS AS amháin nó níos mó a oscailt agus a oibriú.

2.   Ní bheidh aon iarmhéid dochair ar chuntas teicniúil TIPS AS.

3.   Úsáidfidh an córas coimhdeach cuntas teicniúil TIPS AS chun an leachtacht is gá a chuirtear i leataobh ag a chomhaltaí imréitigh chun a suíomhanna a mhaoiniú a bhailiú.

4.   Féadfaidh an córas coimhdeach rogha a dhéanamh fógraí a fháil maidir le creidiúnú agus cur chun dochair a chuntais theicniúil TIPS AS. Má roghnaíonn an córas coimhdeach an tseirbhís seo, soláthraítear fógra láithreach ar dhochar nó ar shocar an chuntais theicniúil TIPS AS

5.   Féadfaidh córas coimhdeach orduithe íocaíochta meandracha, agus freagraí dearfacha aisghairme a sheoladh chuig aon sealbhóir TIPS DCA nó TIPS AS. Gheobhaidh agus phróiseáfaidh córas coimhdeach orduithe íocaíochta meandracha, iarrata aisghairme agus freagraí dearfacha aisghairme ó aon TIPS DCA nó TIPS AS.

Airteagal 2

Teachtaireachtaí a sheoladh agus a fháil

1.   Féadfaidh sealbhóir cuntas teicniúil TIPS AS teachtaireachtaí a sheoladh:

| (a) | go díreach; |
| --- | --- |

(a)

go díreach;

| (b) | trí pháirtí treorach amháin nó níos mó. |
| --- | --- |

(b)

trí pháirtí treorach amháin nó níos mó.

2.   Gheobhaidh sealbhóir cuntas teicniúil TIPS AS teachtaireachtaí:

| (a) | go díreach; nó |
| --- | --- |

(a)

go díreach; nó

| (b) | trí pháirtí treorach amháin. |
| --- | --- |

(b)

trí pháirtí treorach amháin.

3.   Beidh feidhm ag Cuid I, Airteagal 7 maidir le sealbhóir cuntas teicniúil TIPS AS a sheolann nó a fhaigheann teachtaireachtaí trí pháirtí treorach amhail is go seolann nó go bhfaigheann an sealbhóir cuntas teicniúil TIPS AS sin na teachtaireachtaí go díreach.

Airteagal 3

Orduithe aistrithe leachtachta láithreacha

Féadfaidh sealbhóir cuntas teicniúil TIPS AS orduithe aistrithe leachtachta láithreacha a chur isteach.

Airteagal 4

Próiseáil orduithe aistrithe airgid ar chuntais theicniúla AS TIPS

1.   Leithdháiltear stampa ama chun orduithe aistrithe airgid a phróiseáil de réir ord a bhfála.

2.   Déanfar gach ordú aistrithe airgid a chuirtear isteach i TARGET-[cuir isteach tagairt BC/tíre] a phróiseáil de réir an phrionsabail (FIFO) “is túisce isteach is túisce amach”, gan tosaíocht ná athordú a dhéanamh.

3.   Tar éis glacadh le hordú íocaíochta meandraí mar a leagtar amach i gCuid I, Airteagal 17(1), seiceálfaidh -[cuir isteach ainm BC/tíre] an bhfuil cistí leordhóthanacha ar fáil ar chuntas teicniúil TIPS AS an íocóra chun socraíocht a chur i gcrích agus beidh feidhm ag an méid seo a leanas:

| (a) | mura bhfuil cistí leordhóthanacha ar fáil, diúltófar don ordú íocaíochta meandraí; |
| --- | --- |

(a)

mura bhfuil cistí leordhóthanacha ar fáil, diúltófar don ordú íocaíochta meandraí;

| (b) | má tá cistí leordhóthanacha ar fáil, cuirtear an méid comhfhreagrach i gcúlchistí fad a bheifear ag fanacht le freagra an íocaí. I gcás go nglacfaidh an t-íocaí leis, socrófar an t-ordú íocaíochta meandraí agus cuirfear deireadh leis an bhforchoimeádas go comhuaineach. I gcás diúltaithe ag an t-íocaí nó mura bhfaightear freagra tráthúil uaidh, de réir bhrí na scéime Inst SCT, déanfaidh an t-ordú íocaíochta meandraí a dhiúltú agus cuirfear deireadh leis an bhforchoimeádas go comhuaineach. |
| --- | --- |

(b)

má tá cistí leordhóthanacha ar fáil, cuirtear an méid comhfhreagrach i gcúlchistí fad a bheifear ag fanacht le freagra an íocaí. I gcás go nglacfaidh an t-íocaí leis, socrófar an t-ordú íocaíochta meandraí agus cuirfear deireadh leis an bhforchoimeádas go comhuaineach. I gcás diúltaithe ag an t-íocaí nó mura bhfaightear freagra tráthúil uaidh, de réir bhrí na scéime Inst SCT, déanfaidh an t-ordú íocaíochta meandraí a dhiúltú agus cuirfear deireadh leis an bhforchoimeádas go comhuaineach.

4.   Ní bheidh cistí a cuireadh i gcúlchistí i gcomhréir le mír 3(b) ar fáil chun orduithe aistrithe airgid ina dhiaidh sin a shocrú.

5.   Gan dochar do mhír 3(b), diúltóidh [cuir isteach ainm BC] d’orduithe íocaíochta meandraí má sháraíonn méid an ordaithe íocaíochta mheandraí aon iarmhéid meabhráin creidmheasa (CMB) is infheidhme.

6.   Tar éis glacadh le hordú aistrithe leachtachta ó chuntas teicniúil TIPS AS go dtí TIPS DCA mar atá leagtha amach i gCuid I, Airteagal 17(1), seiceálfaidh [cuir isteach ainm BC] an bhfuil cistí leordhóthanacha ar fáil ar chuntas teicniúil TIPS AS an íocóra atá le cur chun dochair. Mura bhfuil go leor cistí ar fáil diúltófar don ordú aistrithe leachtacha. Má tá go leor cistí ar fáil socraítear an t-ordú aistrithe leachtachta láithreach.

7.   Tar éis glacadh le freagra dearfach aisghairme, mar a leagtar amach i gCuid 1, Airteagal 17, seiceálfaidh [cuir isteach ainm BC] an bhfuil cistí leordhóthanacha ar fáil ar chuntas teicniúil TIPS AS atá le cur chun dochair. Mura bhfuil go leor cistí ar fáil diúltófar don fhreagra dearfach aisghairme Má tá go leor cistí ar fáil socraítear an freagra dearfach aisghairme.

8.   Gan dochar do mhír 7, diúltóidh [cuir isteach tagairt BC/tíre] do fhreagraí dearfacha aisghairmeacha má sháraíonn méid an fhreagra dhearfach aisghairme aon CMB is infheidhme.

Airteagal 5

Iarraidh ar aisghairm

1.   Féadfaidh sealbhóir cuntais theicniúil TIPS AS iarraidh ar aisghairm a chur isteach.

2.   Cuirfear an iarraidh ar aisghairm ar aghaidh chuig íocaí an ordaithe íocaíochta mheandraí socraithe a fhéadfaidh freagairt le freagra dearfach nó diúltach aisghairme.

Airteagal 6

Nós imeachta socraíochta AS TIPS

Beidh nós imeachta socraíochta TIPS AS i bhfeidhm le linn na n-amanna atá leagtha amach i bhFoscríbhinn V.

Aireagal 7

Páirtithe inrochtana trí chuntas teicniúil TIPS AS

1.   Féadfaidh cuntas teicniúil sealbhóir TIPS AS páirtí inrochtana amháin nó níos mó a ainmniú. Ní mór gur chloigh páirtithe inrochtana leis an scéim ACS trí Chomhaontú Forleanúna um Aistriú Creidmheasa Meandrach SEPA a shíniú.

2.   Soláthróidh sealbhóir cuntais theicniúil TIPS AS fianaise do [cuir isteach ainm BC] gur chloígh gach páirtí inrochtana ainmnithe leis an scéim ACS

3.   Cuirfidh sealbhóir chuntais theicniúil TIPS AS [cuir isteach ainm BC] ar an eolas mura gcloíonn aon pháirtí inrochtana ainmnithe leis an scéim ACS a thuilleadh agus glacfaidh sé, gan mhoill mhíchuí, bearta chun cosc a chur ar an bpáirtí sin rochtain a fháil ar TIPS AS.

4.   Féadfaidh sealbhóir cuntais theicniúil TIPS AS rochtain a cheadú dá pháirtithe inrochtana ainmnithe trí pháirtí treorach amháin nó níos mó.

5.   Beidh feidhm ag Cuid I, Airteagal 7 maidir le AS a bhfuil páirtithe inrochtana ainmnithe aige.

6.   Áiritheoidh sealbhóir cuntais theicniúil TIPS AS a bhfuil páirtí inrochtana ainmnithe aige go mbeidh an páirtí inrochtana sin ar fáil i gcónaí chun teachtaireachtaí a ghlacadh.

Airteagal 8

Idirbhearta próiseáilte ar chuntais theicniúla AS TIPS

1.   Déantar na hidirbhearta seo a leanas a phróiseáil trí chuntas teicniúil TIPS AS i TARGET-[cuir isteach tagairt BC/tíre):

| (a) | orduithe íocaíochta meandraí; |
| --- | --- |

(a)

orduithe íocaíochta meandraí;

| (b) | freagraí athghairmeacha dearfacha; |
| --- | --- |

(b)

freagraí athghairmeacha dearfacha;

| (c) | orduithe aistrithe leachtacha chuig TIPS DCAnna. |
| --- | --- |

(c)

orduithe aistrithe leachtacha chuig TIPS DCAnna.

Airteagal 9

Eolaire TIPS

1.   Is éard atá san eolaire TIPS ná liosta de na BICanna a úsáidtear chun faisnéis a ródú agus cuimsíonn sé na BICanna de:

| (a) | shealbhóirí TIPS DCA; |
| --- | --- |

(a)

shealbhóirí TIPS DCA;

| (b) | pháirtithe inrochtana. |
| --- | --- |

(b)

pháirtithe inrochtana.

2.   Déanfar an t-eolaire TIPS a nuashonrú go laethúil.

3.   Ní fhéadfaidh sealbhóirí cuntais theicniúla TIPS AS an t-eolaire TIPS a dháileadh ach ar a bpáirtithe inrochtana ainmnithe agus a bpáirtithe treoracha. Ní fhéadfaidh páirtithe inrochtana an t-eolaire TIPS a dháileadh ach ar a mbrainsí.

4.   Ní féidir BIC ar leith a thaispeáint ach uair amháin san eolaire TIPS.

5.   Admhaíonn sealbhóirí cuntais theicniúla TIPS AS gur féidir [cuir isteach ainm BC] agus BCanna eile ainmneacha agus BICanna páirtithe inrochtana arna n-ainmniú ag sealbhóirí cuntais theicniúla TIPS AS a fhoilsiú agus áiritheoidh sealbhóirí cuntais theicniúla TIPS AS gur aontaigh páirtithe inrochtana leis an bhfoilseachán sin.

Airteagal 10

Stór MPL

1.   Tá an tábla mapála d’IBAN ionadach chun críocha na seirbhíse MPL sa stór lárnach maidir le cuardach ionadaí soghluaiste (MPL).

2.   Ní féidir gach seachfhreastalaí a nascadh ach le hIBAN amháin. Is féidir IBAN a nascadh le seachfhreastalaí amháin nó seachfhreastalaithe iolracha.

3.   Beidh feidhm ag Cuid I, Airteagal 28 maidir leis na sonraí atá sa stór MPL.

Airteagal 11

Próiseáil orduithe aistrithe airgid i gcás fionraí nó foirceanta urghnách

1.   Ar fhoirceannadh rannpháirtíochta shealbhóir chuntas teicniúil TIPS AS i TARGET-[cuir isteach tagairt BC/tíre], ní ghlacfaidh [cuir isteach ainm BC] le haon orduithe aistrithe airgid nua chuig nó ón tsealbhóir cuntas teicniúil TIPS AS sin.

2.   Má chuirtear rannpháirtíocht shealbhóir chuntas teicniúil TIPS AS i TARGET[cuir isteach tagairt BC/tíre] ar fionraí ar fhorais seachas iad siúd a shonraítear i gCuid I, Airteagal 25(1), pointe (a), maidir le [cuir isteach ainm BC]:

| (a) | diúiltóidh sé dá orduithe aistrithe airgid isteach go léir; |
| --- | --- |

(a)

diúiltóidh sé dá orduithe aistrithe airgid isteach go léir;

| (b) | diúltóidh sé dá orduithe aistrithe airgid amach go léir; nó |
| --- | --- |

(b)

diúltóidh sé dá orduithe aistrithe airgid amach go léir; nó

| (c) | diúltóidh sé dá orduithe aistrithe isteach agus amach. |
| --- | --- |

(c)

diúltóidh sé dá orduithe aistrithe isteach agus amach.

3.   Má chuirtear rannpháirtíocht shealbhóir chuntas teicniúil TIPS AS i TARGET-[cuir isteach tagairt BC/tíre] ar fionraí ar na forais a shonraítear i gCuid I, Airteagal 25(1), pointe (a), diúltóidh [cuir isteach ainm BC] dá orduithe aistrithe airgid isteach agus amach go léir.

4.   Próiseálfaidh [cuir isteach ainm BC] orduithe íocaíochta meandraí shealbhóir chuntas teicniúil TIPS AS a bhfuil a rannpháirtíocht i TARGET-[cuir isteach tagairt BC/tíre] curtha ar fionraí nó foirceanta faoi Chuid I, Airteagal 25(1) nó (2) agus a raibh cistí forchoimeádta ag [cuir isteach ainm BC] ina leith ar chuntas teicniúil TIPS AS de bhun Airteagal 4(3), pointe (b) roimh an bhfionraí nó roimh an bhfoirceannadh.

---

(1)  Treoir 2014/59/AE ó Pharlaimint na hEorpa agus ón gComhairle an 15 Bealtaine 2014 lena mbunaítear creat le haghaidh théarnamh agus réiteach institiúidí creidmheasa agus gnólachtaí infheistíochta agus lena leasaítear Treoir 82/891/CEE ón gComhairle agus Treoracha 2001/24/CE, 2002/47/CE, 2004/25/CE, 2005/56/CE, 2007/36/CE, 2011/35/AE, 2012/30/AE agus 2013/36/AE, agus Rialachán (AE) Uimh. 1093/2010 agus Rialachán (AE) Uimh. 648/2 ó Pharlaimint na hEorpa agus ón gComhairle (IO L 173, 12.6.2014, lch. 190).

1

(2)  Treoirlíne (AE) 2019/671 ón mBanc Ceannais Eorpach an 9 Aibreán 2019 2019 maidir le hoibríochtaí bainistithe sócmhainní agus dliteanas intíre arna ndéanamh ag na bainc cheannais náisiúnta (BCE/2019/7) (IO L 113, 29.04.2019, lch. 11).

2

(3)  Rialachán (CE) Uimh. 2531/98 ón gComhairle an 23 Samhain 1998 maidir le cur i bhfeidhm cúlchistí íosta ag an mBanc Ceannais Eorpach (IO L 318, 27.11.1998, lch. 1).

3

(4)  Cinneadh (AE) 2019/1743 ón mBanc Ceannais Eorpach an 15 Deireadh Fómhair 2019 maidir le híocaíocht luach saothair shealúchais na gcúlchistí barrachais agus íocaíocht luach saothair taiscí áirithe (BCE/2019/31) (IO L 267, 21.10.2019, lch. 12).

4

---

FOSCRÍBHINN I

SONRAÍOCHTAÍ TEICNIÚLA LE HAGHAIDH ORDUITHE AISTRITHE AIRGID A PHRÓISEÁIL

De bhreis ar na Coinníollacha Comhchuibhithe, beidh feidhm ag na rialacha seo a leanas maidir le horduithe aistrithe airgid a phróiseáil:

1.   Ceanglais tástála maidir le rannpháirtíocht i TARGET-[cuir isteach tagairt BC/tíre]

Éireoidh gach rannpháirtí le sraith tástálacha chun a inniúlacht theicniúil agus oibríochtúil a chruthú sula bhféadfaidh sé páirt a ghlacadh i TARGET-[cuir isteach tagairt BC/tíre].

2.   Uimhreacha cuntais

Sainaithneofar cuntas gach rannpháirtí le huimhir chuntais uathúil suas le 34 carachtar comhdhéanta de chúig chuid mar a leanas:

| Ainm | Uimh. Carachtar | Ábhar |
| --- | --- | --- |
| Cineál cuntais | 1. | M = MCA
  R = DCA RTGS
  C = DCA T2S
  I = DCA TIPS
  T = cuntas teicniúil AS RTGS
  U = Fochuntas
  A = Cuntais teicniúil
  G = Cuntas cistí ráthaíochta AS
  D = Cuntas taisce thar oíche
  X = Cuntas teagmhasachta |
| Cód tíre bainc ceannais | 2. | Cód tíre ISO: 3166-1 |
| Cód airgeadra | 3. | EUR |
| BIC | 11 | Sealbhóir cuntais BIC |
| Ainm cuntais | Max. 17 | Téacs saor  (1) |

Ainm

Uimh. Carachtar

Ábhar

Cineál cuntais

1.

M = MCA

R = DCA RTGS

C = DCA T2S

I = DCA TIPS

T = cuntas teicniúil AS RTGS

U = Fochuntas

A = Cuntais teicniúil

G = Cuntas cistí ráthaíochta AS

D = Cuntas taisce thar oíche

X = Cuntas teagmhasachta

Cód tíre bainc ceannais

2.

Cód tíre ISO: 3166-1

Cód airgeadra

3.

EUR

BIC

11

Sealbhóir cuntais BIC

Ainm cuntais

Max. 17

Téacs saor  (1)

3.   Rialacha teachtaireachta i TARGET

| (a) | Comhlíonfaidh gach rannpháirtí an struchtúr teachtaireachta agus sonraíochtaí an réimse, mar atá sainmhínithe i gCuid 3 de na Sonraíochtaí Feidhmiúla Mionsonraithe Úsáideora (UDFS). |
| --- | --- |

(a)

Comhlíonfaidh gach rannpháirtí an struchtúr teachtaireachta agus sonraíochtaí an réimse, mar atá sainmhínithe i gCuid 3 de na Sonraíochtaí Feidhmiúla Mionsonraithe Úsáideora (UDFS).

| (b) | Cuirfear ceannteidil feidhmchláir ghnó i gceangal le gach cineál teachtaireachta a phróiseálfar ar MCAnna, DCAnna RTGS (lena n-áirítear fochuntais), AS RTGS cuntais teicniciúla, cuntas cistí ráthaíochta AS agus AS T2S DCAs mar a leanas:






  Cineál Teachtaireachta | Cur síos |
| --- | --- | --- |
| ceann.001 | Feidhmchláir gnó |
| ceann.002 | Ceannteideal comhaid gnó |

(b)

Cuirfear ceannteidil feidhmchláir ghnó i gceangal le gach cineál teachtaireachta a phróiseálfar ar MCAnna, DCAnna RTGS (lena n-áirítear fochuntais), AS RTGS cuntais teicniciúla, cuntas cistí ráthaíochta AS agus AS T2S DCAs mar a leanas:

Cineál Teachtaireachta

Cur síos

ceann.001

Feidhmchláir gnó

ceann.002

Ceannteideal comhaid gnó

4.   Cineál Teachtaireachta arna bpróiseáil i TARGET

| (a) | Déantar na cineálacha teachtaireachta seo a leanas a phróiseáil ar MCAnna:






  Cineál Teachtaireachta | Cur síos |
| --- | --- | --- |
| Administration (admi) | |
| admi.004 | SystemEventNotification |
| admi.005 | ReportQueryRequest |
| admi.007 | ReceiptAcknowledgement |
| Cash Management (camt) | |
| camt.003 | GetAccount |
| camt.004 | ReturnAccount |
| camt.005 | GetTransaction |
| camt.006 | ReturnTransaction |
| camt.018 | GetBusinessDayInformation |
| camt.019 | ReturnBusinessDayInformation |
| camt.025 | Receipt |
| camt.046 | GetReservation |
| camt.047 | ReturnReservation |
| camt.048 | ModifyReservation |
| camt.049 | DeleteReservation |
| camt.050 | LiquidityCreditTransfer |
| camt.053 | BankToCustomerStatement |
| camt.054 | BankToCustomerDebitCreditNotification |
| Payments clearing and Settlement (pacs) | |
| pacs.009 | FinancialInstitutionCreditTransfer |
| pacs.010 | FinancialInstitutionDirectDebit |

(a)

Déantar na cineálacha teachtaireachta seo a leanas a phróiseáil ar MCAnna:

Cineál Teachtaireachta

Cur síos

Administration (admi)

admi.004

SystemEventNotification

admi.005

ReportQueryRequest

admi.007

ReceiptAcknowledgement

Cash Management (camt)

camt.003

GetAccount

camt.004

ReturnAccount

camt.005

GetTransaction

camt.006

ReturnTransaction

camt.018

GetBusinessDayInformation

camt.019

ReturnBusinessDayInformation

camt.025

Receipt

camt.046

GetReservation

camt.047

ReturnReservation

camt.048

ModifyReservation

camt.049

DeleteReservation

camt.050

LiquidityCreditTransfer

camt.053

BankToCustomerStatement

camt.054

BankToCustomerDebitCreditNotification

Payments clearing and Settlement (pacs)

pacs.009

FinancialInstitutionCreditTransfer

pacs.010

FinancialInstitutionDirectDebit

| (b) | Próiseáiltear na cineálacha teachtaireachta seo a leanas ar DCAnna RTGS, agus más ábhartha, ar chuntais theicniúla AS RTGS agus ar chuntais chiste ráthaíochta; i gc bhaineann sé le cuntais theicniúla RTGS AS agus cuntais cistí ráthaíochta AS:







  Administration (admi) | |
| --- | --- | --- |
| admi.004 | SystemEventNotification |
| admi.005 | Iarraidh ar ceist thuarascála |
| admi.007 | ReceiptAcknowledgement |
| Cash Management (camt) | |
| camt.003 | GetAccount |
| camt.004 | ReturnAccount |
| camt.005 | GetTransaction |
| camt.006 | Aischuir Idirbheart |
| camt.007 | ModifyTransaction |
| camt.009 | GetLimit |
| camt.010 | ReturnLimit |
| camt.011 | ModifyLimit |
| camt.012 | DeleteLimit |
| camt.018 | GetBusinessDayInformation |
| camt.019 | ReturnBusinessDayInformation |
| camt.021 | ReturnGeneralBusinessInformation |
| camt.025 | Receipt |
| camt.029 | ResolutionOfInvestigation |
| camt.046 | GetReservation |
| camt.047 | ReturnReservation |
| camt.048 | ModifyReservation |
| camt.049 | DeleteReservation |
| camt.050 | LiquidityCreditTransfer |
| camt.053 | BankToCustomerStatement |
| camt.054 | BankToCustomerDebitCreditNotification |
| camt.056 | FIToFIPaymentCancellationRequest |
| | |
| Imréiteach agus Socraíocht Íocaíochtaí (pacs) | |
| pacs.002 | PaymentStatusReport |
| pacs.004 | PaymentReturn |
| pacs.008 | CustomerCreditTransfer |
| pacs.009 | FinancialInstitutionCreditTransfer |
| pacs.010 | FinancialInstitutionDirectDebit |
| Payments Initiation (pain) | |
| pain.998 | ASInitiationStatus |
| pain.998 | ASTransferNotice |
| pain.998 | ASTransferInitiation |

(b)

Próiseáiltear na cineálacha teachtaireachta seo a leanas ar DCAnna RTGS, agus más ábhartha, ar chuntais theicniúla AS RTGS agus ar chuntais chiste ráthaíochta; i gc bhaineann sé le cuntais theicniúla RTGS AS agus cuntais cistí ráthaíochta AS:

Administration (admi)

admi.004

SystemEventNotification

admi.005

Iarraidh ar ceist thuarascála

admi.007

ReceiptAcknowledgement

Cash Management (camt)

camt.003

GetAccount

camt.004

ReturnAccount

camt.005

GetTransaction

camt.006

Aischuir Idirbheart

camt.007

ModifyTransaction

camt.009

GetLimit

camt.010

ReturnLimit

camt.011

ModifyLimit

camt.012

DeleteLimit

camt.018

GetBusinessDayInformation

camt.019

ReturnBusinessDayInformation

camt.021

ReturnGeneralBusinessInformation

camt.025

Receipt

camt.029

ResolutionOfInvestigation

camt.046

GetReservation

camt.047

ReturnReservation

camt.048

ModifyReservation

camt.049

DeleteReservation

camt.050

LiquidityCreditTransfer

camt.053

BankToCustomerStatement

camt.054

BankToCustomerDebitCreditNotification

camt.056

FIToFIPaymentCancellationRequest

Imréiteach agus Socraíocht Íocaíochtaí (pacs)

pacs.002

PaymentStatusReport

pacs.004

PaymentReturn

pacs.008

CustomerCreditTransfer

pacs.009

FinancialInstitutionCreditTransfer

pacs.010

FinancialInstitutionDirectDebit

Payments Initiation (pain)

pain.998

ASInitiationStatus

pain.998

ASTransferNotice

pain.998

ASTransferInitiation

| (c) | Próiseáiltear na cineálacha teachtaireachta seo a leanas ar DCAnna T2S






  Cineál Teachtaireachta | Cur síos |
| --- | --- | --- |
| Riarachán (admi) | |
| admi.005 | ReportQueryRequest |
| admi.006 | ResendRequestSystemEventNotification |
| admi.007 | ReceiptAcknowledgement |
| Bainistiú Airgid (camt) | |
| camt.003 | GetAccount |
| camt.004 | ReturnAccount |
| camt.005 | GetTransaction |
| camt.006 | ReturnTransaction |
| camt.009 | GetLimit |
| camt.010 | ReturnLimit |
| camt.011 | ModifyLimit |
| camt.012 | DeleteLimit |
| camt.018 | GetBusinessDayInformation |
| camt.019 | ReturnBusinessDayInformation |
| camt.024 | ModifyStandingOrder |
| camt.025 | Receipt |
| camt.050 | LiquidityCreditTransfer |
| camt.051 | LiquidityDebitTransfer |
| camt.052 | BankToCustomerAccountReport |
| camt.053 | BankToCustomerStatement |
| camt.054 | BankToCustomerDebitCreditNotification |
| camt.064 | LimitUtilisationJournalQuery |
| camt.065 | LimitUtilisationJournalReport |
| camt.066 | IntraBalanceMovementInstruction |
| camt.067 | IntraBalanceMovementStatusAdvice |
| camt.068 | IntraBalanceMovementConfirmation |
| camt.069 | GetStandingOrder |
| camt.070 | ReturnStandingOrder |
| camt.071 | DeleteStandingOrder |
| camt.072 | IntraBalanceMovementModificationRequest |
| camt.073 | IntraBalanceMovementModificationRequestStatusAdvice |
| camt.074 | IntraBalanceMovementCancellationRequest |
| camt.075 | IntraBalanceMovementCancellationRequestStatusAdvice |
| camt.078 | IntraBalanceMovementQuery |
| camt.079 | IntraBalanceMovementQueryResponse |
| camt.080 | IntraBalanceModificationQuery |
| camt.081 | IntraBalanceModificationReport |
| camt.082 | IntraBalanceCancellationQuery |
| camt.083 | IntraBalanceCancellationReport |
| camt.084 | IntraBalanceMovementPostingReport |
| camt.085 | IntraBalanceMovementPendingReport |

(c)

Próiseáiltear na cineálacha teachtaireachta seo a leanas ar DCAnna T2S

Cineál Teachtaireachta

Cur síos

Riarachán (admi)

admi.005

ReportQueryRequest

admi.006

ResendRequestSystemEventNotification

admi.007

ReceiptAcknowledgement

Bainistiú Airgid (camt)

camt.003

GetAccount

camt.004

ReturnAccount

camt.005

GetTransaction

camt.006

ReturnTransaction

camt.009

GetLimit

camt.010

ReturnLimit

camt.011

ModifyLimit

camt.012

DeleteLimit

camt.018

GetBusinessDayInformation

camt.019

ReturnBusinessDayInformation

camt.024

ModifyStandingOrder

camt.025

Receipt

camt.050

LiquidityCreditTransfer

camt.051

LiquidityDebitTransfer

camt.052

BankToCustomerAccountReport

camt.053

BankToCustomerStatement

camt.054

BankToCustomerDebitCreditNotification

camt.064

LimitUtilisationJournalQuery

camt.065

LimitUtilisationJournalReport

camt.066

IntraBalanceMovementInstruction

camt.067

IntraBalanceMovementStatusAdvice

camt.068

IntraBalanceMovementConfirmation

camt.069

GetStandingOrder

camt.070

ReturnStandingOrder

camt.071

DeleteStandingOrder

camt.072

IntraBalanceMovementModificationRequest

camt.073

IntraBalanceMovementModificationRequestStatusAdvice

camt.074

IntraBalanceMovementCancellationRequest

camt.075

IntraBalanceMovementCancellationRequestStatusAdvice

camt.078

IntraBalanceMovementQuery

camt.079

IntraBalanceMovementQueryResponse

camt.080

IntraBalanceModificationQuery

camt.081

IntraBalanceModificationReport

camt.082

IntraBalanceCancellationQuery

camt.083

IntraBalanceCancellationReport

camt.084

IntraBalanceMovementPostingReport

camt.085

IntraBalanceMovementPendingReport

| (d) | Próiseáiltear na cineálacha teachtaireachta seo a leanas ar DCAnna TIPS agus ar chuntais theicniúla AS TIPS:






  Cineál Teachtaireachta | Cur síos |
| --- | --- | --- |
| Riarachán (admi) | |
| pacs.002 | FIToFIPayment Status Report |
| pacs.004 | PaymentReturn |
| pacs.008 | FIToFICustomerCreditTransfer |
| pacs.028 | FIToFIPaymentStatusRequest |
| Bainistiú Airgid (camt) | |
| camt.003 | GetAccount |
| camt.004 | ReturnAccount |
| camt.011 | ModifyLimit |
| camt.019 | ReturnBusinessDayInformation |
| camt.025 | Receipt |
| camt.029 | ResolutionOfInvestigation |
| camt.050 | LiquidityCreditTransfer |
| camt.052 | BankToCustomerAccountReport |
| camt.053 | BankToCustomerStatement |
| camt.054 | BankToCustomerDebitCreditNotification |
| camt.056 | FIToFIPaymentCancellationRequest |
| acmt.010 | AccountRequestAcknowledgement |
| acmt.011 | AccountRequestRejection |
| acmt.015 | AccountExcludedMandateMaintenanceRequest |
| Sonraí tagartha (reda) | |
| reda.016 | PartyStatusAdviceV01 |
| reda.022 | PartyModificationRequestV01 |

(d)

Próiseáiltear na cineálacha teachtaireachta seo a leanas ar DCAnna TIPS agus ar chuntais theicniúla AS TIPS:

Cineál Teachtaireachta

Cur síos

Riarachán (admi)

pacs.002

FIToFIPayment Status Report

pacs.004

PaymentReturn

pacs.008

FIToFICustomerCreditTransfer

pacs.028

FIToFIPaymentStatusRequest

Bainistiú Airgid (camt)

camt.003

GetAccount

camt.004

ReturnAccount

camt.011

ModifyLimit

camt.019

ReturnBusinessDayInformation

camt.025

Receipt

camt.029

ResolutionOfInvestigation

camt.050

LiquidityCreditTransfer

camt.052

BankToCustomerAccountReport

camt.053

BankToCustomerStatement

camt.054

BankToCustomerDebitCreditNotification

camt.056

FIToFIPaymentCancellationRequest

acmt.010

AccountRequestAcknowledgement

acmt.011

AccountRequestRejection

acmt.015

AccountExcludedMandateMaintenanceRequest

Sonraí tagartha (reda)

reda.016

PartyStatusAdviceV01

reda.022

PartyModificationRequestV01

5.   Seiceáil iontrála dúbailte

Déanfaidh seiceáil iontrála dúbailte ar gach ordú aistrithe airgid, arb é is aidhm di diúltú d’orduithe a cuireadh isteach níos mó ná uair amháin (orduithe aistrithe airgid dúbailte). Tá sonraí le fáil i gCuid I, Roinn 3 den UDFS ábhartha.

6.   Rialacha bailíochtaithe agus cóid earráide

Déantar teachtaireachtaí a bhailíochtú de réir threoirlínte Íocaíochtaí Ardluacha Plus (HVPS+) maidir le bailíochtú teachtaireachta atá sonraithe i gcaighdeán ISO 20022, agus bailíochtaí a bhaineann go sonrach le TARGET. Déantar cur síos ar na rialacha mionsonraithe bailíochtaithe agus ar na cóid earráide sna codanna faoi seach den UDFS mar a leanas:

| (a) | do MCAnna, i gCaibidil 14 de na CLM UDFS |
| --- | --- |

(a)

do MCAnna, i gCaibidil 14 de na CLM UDFS

| (b) | do RTGS DCAnna, i gCaibidil 13 de na RTGS UDFS; |
| --- | --- |

(b)

do RTGS DCAnna, i gCaibidil 13 de na RTGS UDFS;

| (c) | do T2S DCAnna, i gCaibidil 4.1 de na T2S UDFS. |
| --- | --- |

(c)

do T2S DCAnna, i gCaibidil 4.1 de na T2S UDFS.

Má dhiúltaítear d’ordú íocaíochta meandraí nó freagra athghairme dearfach ar chúis ar bith, gheobhaidh sealbhóir TIPS DCA tuarascáil ar stádas íocaíochta (pacs.002), mar a thuairiscítear i gCaibidil 4.2 de na TIPS UDFS. Má dhiúltaítear d’ordú aistrithe leachtachta ar chúis ar bith, gheobhaidh sealbhóir TIPS DCA diúltú (camt.025), mar a thuairiscítear i gCaibidil 1.6 de na TIPS UDFS.

7.   Amanna socraíochta réamhchinntithe agus teagmhais réamhchinntithe

DCAnna RTGS

| (a) | Maidir le horduithe íocaíochta ag baint úsáide as an Táscaire maidir leis an Tráth Dochair is Luaithe, úsáidfear an eilimint teachtaireachta “/FromTime/”. |
| --- | --- |

(a)

Maidir le horduithe íocaíochta ag baint úsáide as an Táscaire maidir leis an Tráth Dochair is Luaithe, úsáidfear an eilimint teachtaireachta “/FromTime/”.

| (b) | Maidir le horduithe íocaíochta ag baint úsáide as an Táscaire maidir leis an Tráth Dochair is Déanaí, beidh dhá rogha ar fáil.






  (i) | Eilimint teachtaireachta “RejectTime”: mura féidir an t-ordú íocaíochta a shocrú faoin am dochair a luaitear, déanfaidh an t-ordú aistrithe airgid a dhiúltú. |
| --- | --- | --- |

(b)

Maidir le horduithe íocaíochta ag baint úsáide as an Táscaire maidir leis an Tráth Dochair is Déanaí, beidh dhá rogha ar fáil.

(i)

Eilimint teachtaireachta “RejectTime”: mura féidir an t-ordú íocaíochta a shocrú faoin am dochair a luaitear, déanfaidh an t-ordú aistrithe airgid a dhiúltú.

| (ii) | Eilimint teachtaireachta “TillTime”: mura féidir an t-ordú íocaíochta a shocrú faoin am dochair a luaitear, ní dhéanfaidh an t-ordú íocaíochta a dhiúltú ach coinneofar é sa chiú ábhartha. |
| --- | --- |

(ii)

Eilimint teachtaireachta “TillTime”: mura féidir an t-ordú íocaíochta a shocrú faoin am dochair a luaitear, ní dhéanfaidh an t-ordú íocaíochta a dhiúltú ach coinneofar é sa chiú ábhartha.

Faoin dá rogha, mura socraítear ordú íocaíochta le Táscaire maidir leis an Tráth Dochair is Déanaí 15 nóiméad roimh an am a léirítear ann, seolfar fógra go huathoibríoch tríd an GUI.

DCAnna T2S

| (a) | Maidir le horduithe aistrithe leachtachta láithreacha, ní theastaíonn aon chlib XML ar leith; |
| --- | --- |

(a)

Maidir le horduithe aistrithe leachtachta láithreacha, ní theastaíonn aon chlib XML ar leith;

| (b) | Féadfar orduithe aistrithe leachtachta réamhshainithe agus buanorduithe aistrithe leachtachta a spreagadh le ham nó teagmhas ar leith lá na socraíochta:






  (i) | le haghaidh socraíochta ag am ar leith, úsáidfear an chlib XML “Time (/ExctnTp/Tm/)”, |
| --- | --- | --- |

(b)

Féadfar orduithe aistrithe leachtachta réamhshainithe agus buanorduithe aistrithe leachtachta a spreagadh le ham nó teagmhas ar leith lá na socraíochta:

(i)

le haghaidh socraíochta ag am ar leith, úsáidfear an chlib XML “Time (/ExctnTp/Tm/)”,

| (ii) | le haghaidh socraíochta nuair a tharlaíonn teagmhas ar leith, úsáidfear an chlib XML “(EventType/ExctnTp/Evt/)”. |
| --- | --- |

(ii)

le haghaidh socraíochta nuair a tharlaíonn teagmhas ar leith, úsáidfear an chlib XML “(EventType/ExctnTp/Evt/)”.

| (c) | Socróidh na clibeanna XML seo a leanas an tréimhse bailíochta le haghaidh buanorduithe aistrithe leachtachta: “FromDate/VldtyPrd/FrDt/” and “ToDate/VldtyPrd/ToDt/”. |
| --- | --- |

(c)

Socróidh na clibeanna XML seo a leanas an tréimhse bailíochta le haghaidh buanorduithe aistrithe leachtachta: “FromDate/VldtyPrd/FrDt/” and “ToDate/VldtyPrd/ToDt/”.

8.   Fritháireamh orduithe aistrithe airgid ar DCAnna RTGS

Déanfar seiceálacha fritháirimh agus, más iomchuí, seiceálacha breisithe fritháirimh (an dá théarma mar a shainmhinítear i míreanna a) agus b) ar orduithe aistrithe airgid chun socraíocht rianúil a éascú.

| (a) | Cinnfear le seiceáil fritháirimh an bhfuil orduithe aistrithe airgid an íocaí atá ag tosach an chúi le haghaidh orduithe aistrithe airgid a bhfuil an tosaíocht “phráinneach” acu nó, mura bhfuil sí infheidhme, a bhfuil an tosaíocht “ard” acu, ar fáil lena bhfritháireamh in aghaidh ordú aistrithe airgid an íocóra (dá ngairfear anseo feasta “orduithe aistrithe airgid fritháirithe”). Mura soláthraíonn ordú aistrithe airgid fritháirithe cistí leordhóthanacha d’ordú aistrithe airgid an íocóra faoi seach, cinnfear an bhfuil leachtacht leordhóthanach ar fáil ar RTGS DCA an íocóra. |
| --- | --- |

(a)

Cinnfear le seiceáil fritháirimh an bhfuil orduithe aistrithe airgid an íocaí atá ag tosach an chúi le haghaidh orduithe aistrithe airgid a bhfuil an tosaíocht “phráinneach” acu nó, mura bhfuil sí infheidhme, a bhfuil an tosaíocht “ard” acu, ar fáil lena bhfritháireamh in aghaidh ordú aistrithe airgid an íocóra (dá ngairfear anseo feasta “orduithe aistrithe airgid fritháirithe”). Mura soláthraíonn ordú aistrithe airgid fritháirithe cistí leordhóthanacha d’ordú aistrithe airgid an íocóra faoi seach, cinnfear an bhfuil leachtacht leordhóthanach ar fáil ar RTGS DCA an íocóra.

| (b) | Má theipeann ar an seiceáil fritháirimh, féadfaidh an [cuir isteach ainm BC] seiceáil bhreisithe fritháirimh a chur i bhfeidhm. Le seiceáil bhreisithe fritháirimh cinntítear an bhfuil orduithe aistrithe airgid fritháirimh ar fáil i gciúnna ar bith an íocaí is cuma cathain a chuaigh siad isteach sa chiú. Mar sin féin, má tá orduithe aistrithe airgid le tosaíocht níos airde i gciú an íocaí atá dírithe chuig rannpháirtithe eile, ní fhéadfar prionsabal FIFO a shárú mura rud é go dtiocfadh méadú leachtachta don íocaí dá socrófaí an t-ordú aistrithe airgid fritháirimh sin. |
| --- | --- |

(b)

Má theipeann ar an seiceáil fritháirimh, féadfaidh an [cuir isteach ainm BC] seiceáil bhreisithe fritháirimh a chur i bhfeidhm. Le seiceáil bhreisithe fritháirimh cinntítear an bhfuil orduithe aistrithe airgid fritháirimh ar fáil i gciúnna ar bith an íocaí is cuma cathain a chuaigh siad isteach sa chiú. Mar sin féin, má tá orduithe aistrithe airgid le tosaíocht níos airde i gciú an íocaí atá dírithe chuig rannpháirtithe eile, ní fhéadfar prionsabal FIFO a shárú mura rud é go dtiocfadh méadú leachtachta don íocaí dá socrófaí an t-ordú aistrithe airgid fritháirimh sin.

9.   Algartaim bharrfheabhsú ar DCAanna RTGS agus fochuntais

Cuirfear ceithre algartam i bhfeidhm chun socraíocht rianúil sreabha íocaíochta a éascú. Tá tuilleadh faisnéise ar fáil sa RTGS UDFS Cuid 2.

| (a) | Faoin algartam “barrfheabhsú páirteach” déanfaidh [cuir isteach ainm BC]:






  (i) | suíomhanna leachtachta, teorainneacha agus forchoimeádtaí gach RTGS DCA ábhartha a ríomh agus a sheiceáil; agus |
| --- | --- | --- |

(a)

Faoin algartam “barrfheabhsú páirteach” déanfaidh [cuir isteach ainm BC]:

(i)

suíomhanna leachtachta, teorainneacha agus forchoimeádtaí gach RTGS DCA ábhartha a ríomh agus a sheiceáil; agus

| (ii) | má tá suíomh leachtachta iomlán RTGS DCA ábhartha amháin nó níos mó diúltach, orduithe íocaíochta aonair a bhaint amach go dtí go mbeidh suíomh leachtachta iomlán gach cuntas RTGS DCA ábhartha dearfach. |
| --- | --- |

(ii)

má tá suíomh leachtachta iomlán RTGS DCA ábhartha amháin nó níos mó diúltach, orduithe íocaíochta aonair a bhaint amach go dtí go mbeidh suíomh leachtachta iomlán gach cuntas RTGS DCA ábhartha dearfach.

Ina dhiaidh sin, déanfaidh [cuir isteach ainm BC] agus na BCanna eile lena mbaineann, ar choinníoll go bhfuil cistí leordhóthanacha ann, na horduithe íochtaíochta atá fágtha (seachas na horduithe aistrithe airgid asbhainte) a shocrú go comhuaineach ar RTGS DCAnna na rannpháirtithe lena mbaineann.

Agus orduithe íocaíochta á mbaint amach, tosóidh [cuir isteach ainm BC] ó RTGS DCA an rannpháirtí a bhfuil an suíomh leachtachta iomlán diúltach is airde air agus ón ordú íocaíochta ag deireadh an chiú leis an tosaíocht is ísle. Ní rithfidh an próiseas roghnúcháin ach ar feadh tréimhse ghearr, a bheidh le cinneadh ag [cuir isteach ainm BC] dá rogha féin.

| (b) | Faoin algartam “ilbharrfheabhsú” déanfaidh [cuir isteach ainm BC]:






  (i) | comparáid idir péirí de chuntais RTGS DCAnna rannpháirtithe chun a fháil amach an féidir orduithe íochtaíochta scuaine a shocrú laistigh den leachtacht atá ar fáil sa dhá chuntas RTGS DCAnna na rannpháirtithe lena mbaineann agus laistigh de na teorainneacha atá socraithe acu (trí thosú ón bpéire cuntas RTGS DCAnna leis an difríocht is lú idir na horduithe íochtaíochta a dhírítear ar a chéile), agus déanfaidh na BCanna lena mbaineann na híocaíochtaí sin a chur in áirithe go comhuaineach ar dhá chuntas RTGS DCAnna na rannpháirtithe; agus |
| --- | --- | --- |

(b)

Faoin algartam “ilbharrfheabhsú” déanfaidh [cuir isteach ainm BC]:

(i)

comparáid idir péirí de chuntais RTGS DCAnna rannpháirtithe chun a fháil amach an féidir orduithe íochtaíochta scuaine a shocrú laistigh den leachtacht atá ar fáil sa dhá chuntas RTGS DCAnna na rannpháirtithe lena mbaineann agus laistigh de na teorainneacha atá socraithe acu (trí thosú ón bpéire cuntas RTGS DCAnna leis an difríocht is lú idir na horduithe íochtaíochta a dhírítear ar a chéile), agus déanfaidh na BCanna lena mbaineann na híocaíochtaí sin a chur in áirithe go comhuaineach ar dhá chuntas RTGS DCAnna na rannpháirtithe; agus

| (ii) | más rud é, i ndáil le péire cuntas RTGS DCAnna mar a thuairiscítear faoi phointe (i), nach leor an leachtacht chun an suíomh déthaobhach a mhaoiniú, orduithe íochtaíochta aonair a bhaint amach go dtí go mbeidh leachtacht leordhóthanach ann. Sa chás seo socróidh na BCanna lena mbaineann na híocaíochtaí atá fágtha, seachas na cinn a baineadh amach, go comhuaineach ar dhá chuntas RTGS DCAnna na rannpháirtithe. |
| --- | --- |

(ii)

más rud é, i ndáil le péire cuntas RTGS DCAnna mar a thuairiscítear faoi phointe (i), nach leor an leachtacht chun an suíomh déthaobhach a mhaoiniú, orduithe íochtaíochta aonair a bhaint amach go dtí go mbeidh leachtacht leordhóthanach ann. Sa chás seo socróidh na BCanna lena mbaineann na híocaíochtaí atá fágtha, seachas na cinn a baineadh amach, go comhuaineach ar dhá chuntas RTGS DCAnna na rannpháirtithe.

Tar éis dó na seiceálacha a shonraítear faoi fhomhíreanna (i) go (ii) a dhéanamh, seiceálfaidh [cuir isteach ainm BC] na suíomhanna socraíochta iltaobhacha (idir RTGS DCA rannpháirtí agus RTGS DCAnna rannpháirtithe eile a bhfuil teorainn iltaobhach socraithe leo). Chun na críche seo, beidh feidhm mutatis mutandis ag an nós imeachta a thuairiscítear faoi fhomhíreanna (i) go (ii).

| (c) | Faoin algartam “barrfheabhsú páirteach le hAS” a thacaíonn le nós imeachta socraíochta B, leanfaidh [cuir isteach ainm BC] an nós imeachta céanna agus a bhaineann leis an algartam páirtbharrfheabhsaithe, ach gan orduithe aistrithe AS a bhaint (le haghaidh AS a shocraíonn ar bhonn comhuaineach iltaobhach (i.e. nós imeachta B le haghaidh socraíochta AS RTGS). |
| --- | --- |

(c)

Faoin algartam “barrfheabhsú páirteach le hAS” a thacaíonn le nós imeachta socraíochta B, leanfaidh [cuir isteach ainm BC] an nós imeachta céanna agus a bhaineann leis an algartam páirtbharrfheabhsaithe, ach gan orduithe aistrithe AS a bhaint (le haghaidh AS a shocraíonn ar bhonn comhuaineach iltaobhach (i.e. nós imeachta B le haghaidh socraíochta AS RTGS).

| (d) | Úsáidtear an t-algartam “barrfheabsú ar fhochuntais” chun socraíocht orduithe aistrithe AS tosaíochta práinneacha ar fhochuntais na rannpháirtithe a bharrfheabhsú. Agus an t-algartam seo á úsáid, ríomhfaidh [cuir isteach ainm BC] suíomh leachtachta iomlán fhochuntais gach rannpháirtí trína fháil amach an bhfuil comhiomlán na n-orduithe aistrithe AS isteach agus amach go léir atá ar feitheamh sa chiú diúltach nó dearfach. Má tá toradh na ríomhanna agus na seiceálacha seo dearfach do gach fochuntas ábhartha, socróidh [cuir isteach ainm BC] agus BCanna eile ábhartha gach aistrithe airgid go comhuaineach ar fhochuntais na rannpháirtithe lena mbaineann. Má bhíonn toradh na ríomhanna agus na seiceálacha sin diúltach, ní dhéanfar aon socraíocht. Ina theannta sin, ní chuireann an algartam seo aon teorainneacha nó forchoimeádais san áireamh. I gcás gach banc socraíochta ríomhtar an suíomh iomlán agus, má chumhdaítear suíomhanna na mbanc socraíochta go léir, socrófar gach idirbheart. Cuirtear idirbhearta nach gcumhdaítear ar ais sa chiú. |
| --- | --- |

(d)

Úsáidtear an t-algartam “barrfheabsú ar fhochuntais” chun socraíocht orduithe aistrithe AS tosaíochta práinneacha ar fhochuntais na rannpháirtithe a bharrfheabhsú. Agus an t-algartam seo á úsáid, ríomhfaidh [cuir isteach ainm BC] suíomh leachtachta iomlán fhochuntais gach rannpháirtí trína fháil amach an bhfuil comhiomlán na n-orduithe aistrithe AS isteach agus amach go léir atá ar feitheamh sa chiú diúltach nó dearfach. Má tá toradh na ríomhanna agus na seiceálacha seo dearfach do gach fochuntas ábhartha, socróidh [cuir isteach ainm BC] agus BCanna eile ábhartha gach aistrithe airgid go comhuaineach ar fhochuntais na rannpháirtithe lena mbaineann. Má bhíonn toradh na ríomhanna agus na seiceálacha sin diúltach, ní dhéanfar aon socraíocht. Ina theannta sin, ní chuireann an algartam seo aon teorainneacha nó forchoimeádais san áireamh. I gcás gach banc socraíochta ríomhtar an suíomh iomlán agus, má chumhdaítear suíomhanna na mbanc socraíochta go léir, socrófar gach idirbheart. Cuirtear idirbhearta nach gcumhdaítear ar ais sa chiú.

| (e) | Féadfar orduithe aistrithe airgid a iontráladh tar éis don algartam barrfheabhsaithe iolrach, don algartam barrfheabhsaithe go páirteach nó don algartam páirtbharrfheabhsaithe le hAS a bheith tosaithe a shocrú láithreach mar sin féin, má tá suíomhanna agus teorainneacha DCAnna RTGS na rannpháirtithe lena mbaineann ag luí le socraíocht na n-orduithe seo agus le socraíocht na n-orduithe aistrithe airgid sa nós imeachta barrfheabhsaithe reatha. |
| --- | --- |

(e)

Féadfar orduithe aistrithe airgid a iontráladh tar éis don algartam barrfheabhsaithe iolrach, don algartam barrfheabhsaithe go páirteach nó don algartam páirtbharrfheabhsaithe le hAS a bheith tosaithe a shocrú láithreach mar sin féin, má tá suíomhanna agus teorainneacha DCAnna RTGS na rannpháirtithe lena mbaineann ag luí le socraíocht na n-orduithe seo agus le socraíocht na n-orduithe aistrithe airgid sa nós imeachta barrfheabhsaithe reatha.

| (f) | Déanfar an t-algartam páirt-bharrfheabhsaithe a bhaint páirteach agus an t-algartam il- optamúcháin a rith go seicheamhach san ord sin. Ní reáchtálfar iad má tá nós imeachta socraíochta B AS RTGS á reáchtáil. |
| --- | --- |

(f)

Déanfar an t-algartam páirt-bharrfheabhsaithe a bhaint páirteach agus an t-algartam il- optamúcháin a rith go seicheamhach san ord sin. Ní reáchtálfar iad má tá nós imeachta socraíochta B AS RTGS á reáchtáil.

| (g) | Rithfidh na halgartaim go solúbtha trí mhoill ama réamhshainithe a leagan síos idir halgartaim éagsúla a chur i bhfeidhm chun eatramh íosta a chinntiú idir dhá algartam a rith. Déanfar an t-ord ama a rialú go huathoibríoch. Beifear in ann idirghabháil láimhe a dhéanamh. |
| --- | --- |

(g)

Rithfidh na halgartaim go solúbtha trí mhoill ama réamhshainithe a leagan síos idir halgartaim éagsúla a chur i bhfeidhm chun eatramh íosta a chinntiú idir dhá algartam a rith. Déanfar an t-ord ama a rialú go huathoibríoch. Beifear in ann idirghabháil láimhe a dhéanamh.

| (h) | Le linn dó a bheith in algartam reatha, ní dhéanfar ordú íocaíochta a atheagrú (an seasamh i scuaine a athrú) ná a chúlghairm. Scuaineofar iarratais ar ordú íocaíochta a athordú nó a chúlghairm go dtí go mbeidh an algartam críochnaithe. Má shocraítear an t-ordú íocaíochta ábhartha agus an algartam á rith, diúltófar d’iarratas ar bith é a athordú nó a chúlghairm. Mura socraítear an t-ordú íocaíochta, cuirfear iarratais an rannpháirtí san áireamh láithreach. |
| --- | --- |

(h)

Le linn dó a bheith in algartam reatha, ní dhéanfar ordú íocaíochta a atheagrú (an seasamh i scuaine a athrú) ná a chúlghairm. Scuaineofar iarratais ar ordú íocaíochta a athordú nó a chúlghairm go dtí go mbeidh an algartam críochnaithe. Má shocraítear an t-ordú íocaíochta ábhartha agus an algartam á rith, diúltófar d’iarratas ar bith é a athordú nó a chúlghairm. Mura socraítear an t-ordú íocaíochta, cuirfear iarratais an rannpháirtí san áireamh láithreach.

10.   Nascacht

Nascfaidh rannpháirtithe le TARGET trí úsáid a bhaint as ceann amháin de na modhanna seo a leanas.

| (a) | An mód úsáideora go feidhmchlár (U2A): sa mhodh U2A, nascann rannpháirtithe trí GUI a ligeann d’úsáideoirí feidhmeanna gnó a dhéanamh atá bunaithe ar a gcearta rochtana faoi seach. Ligeann sé d’úsáideoirí sonraí gnó a iontráil agus a chothabháil chomh maith le faisnéis ghnó a aisghabháil. Soláthraíonn an Lámhleabhar Úsáideora ábhartha (UHB) faisnéis uileghabhálach ar gach ceann de na feidhmeanna gnó a sholáthraíonn an GUI faoi seach. |
| --- | --- |

(a)

An mód úsáideora go feidhmchlár (U2A): sa mhodh U2A, nascann rannpháirtithe trí GUI a ligeann d’úsáideoirí feidhmeanna gnó a dhéanamh atá bunaithe ar a gcearta rochtana faoi seach. Ligeann sé d’úsáideoirí sonraí gnó a iontráil agus a chothabháil chomh maith le faisnéis ghnó a aisghabháil. Soláthraíonn an Lámhleabhar Úsáideora ábhartha (UHB) faisnéis uileghabhálach ar gach ceann de na feidhmeanna gnó a sholáthraíonn an GUI faoi seach.

| (b) | Modh feidhmchlár-go-feidhmchlár (A2A): i mód A2A déanann feidhmchláir bogearraí cumarsáid le TARGET trí theachtaireachtaí aonair agus comhaid a mhalartú bunaithe ar a gcearta rochtana faoi seach agus a gcumraíoch ródaithe agus a síntiús teachtaireachta. Braitheann an chumarsáid A2A ar theachtaireachtaí XML, ag baint úsáide as an gcaighdeán ISO 20022 nuair is infheidhme, le haghaidh cumarsáide isteach agus amach.
  Déantar cur síos níos mionsonraithe ar na modhanna nasctha in ESMIG UDFS. |
| --- | --- |

(b)

Modh feidhmchlár-go-feidhmchlár (A2A): i mód A2A déanann feidhmchláir bogearraí cumarsáid le TARGET trí theachtaireachtaí aonair agus comhaid a mhalartú bunaithe ar a gcearta rochtana faoi seach agus a gcumraíoch ródaithe agus a síntiús teachtaireachta. Braitheann an chumarsáid A2A ar theachtaireachtaí XML, ag baint úsáide as an gcaighdeán ISO 20022 nuair is infheidhme, le haghaidh cumarsáide isteach agus amach.

Déantar cur síos níos mionsonraithe ar na modhanna nasctha in ESMIG UDFS.

11.   An UDFS agus an Lámhleabhar Úsáideora

Tá sonraí breise agus samplaí a mhíníonn na rialacha thuas le fáil sna UDFS faoi seach agus sna Lámhleabhair Úsáideora do gach seirbhís, arna leasú ó am go ham agus arna bhfoilsiú ar [cuir isteach mar is gá shuíomh gréasáin an [cuir isteach ainm BC] agus] suíomh gréasáin an BCE, i mBéarla.

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(1)  Maidir le fochuntais ní mór don chuid seo tosú leis an gcód AS 3-charachtar mar atá sainmhínithe ag an mbanc ceannais.

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FOSCRÍBHINN II

SCÉIM CHÚITIMH TARGET

1.   Prionsabail Ghinearálta

| (a) | (a) Má tharlaíonn mífheidhm theicniúil TARGET, féadfaidh rannpháirtithe éilimh ar chúiteamh a thíolacadh de réir scéim chúitimh TARGET atá leagtha síos san Fhoscríbhinn seo. |
| --- | --- |

(a)

(a) Má tharlaíonn mífheidhm theicniúil TARGET, féadfaidh rannpháirtithe éilimh ar chúiteamh a thíolacadh de réir scéim chúitimh TARGET atá leagtha síos san Fhoscríbhinn seo.

| (b) | Mura gcinnfidh Comhairle Rialaithe an BCE a mhalairt, ní bheidh feidhm ag scéim cúitimh TARGET má éiríonn mífheidhm theicniúil TARGET as imeachtaí seachtracha nach bhfuil smacht réasúnach orthu ag na BCanna lena mbaineann nó mar thoradh ar ghníomhartha nó neamhghníomhartha tríú páirtithe. |
| --- | --- |

(b)

Mura gcinnfidh Comhairle Rialaithe an BCE a mhalairt, ní bheidh feidhm ag scéim cúitimh TARGET má éiríonn mífheidhm theicniúil TARGET as imeachtaí seachtracha nach bhfuil smacht réasúnach orthu ag na BCanna lena mbaineann nó mar thoradh ar ghníomhartha nó neamhghníomhartha tríú páirtithe.

| (c) | Is é an cúiteamh faoi scéim chúitimh TARGET an t-aon nós imeachta cúitimh a thairgfear i gcás mhífheidhm theicniúil TARGET. Féadfaidh rannpháirtithe, áfach, modhanna dlíthiúla eile a úsáid chun éileamh a dhéanamh ar chaillteanais. Má ghlacann rannpháirtí le tairiscint chúitimh faoi scéim chúitimh TARGET, is éard a bheidh anseo comhaontú neamh-inchúlghairthe an rannpháirtí go dtarscaoilfidh sé leis sin gach éileamh i ndáil leis na horduithe aistrithe airgid a nglacann sé le cúiteamh ina leith (lena n-áirítear aon éilimh ar chaillteanas iarmhartach) a d’fhéadfadh a bheith aige i gcoinne aon BC, agus gurb ionann an íocaíocht chúitimh chomhfhreagrach a fuair sé agus socraíocht iomlán críochnaitheach ar gach éileamh den sórt sin. Déanfaidh an rannpháirtí na BCanna lena mbaineann a shlánú, suas go huasmhéid an mhéid a fuarthas aoi scéim chúitimh TARGET, i leith aon éileamh breise a dhéanfaidh aon rannpháirtí eile nó aon tríú páirtí eile i ndáil leis an ordú aistrithe airgid nó an aistithe airgid i gceist. |
| --- | --- |

(c)

Is é an cúiteamh faoi scéim chúitimh TARGET an t-aon nós imeachta cúitimh a thairgfear i gcás mhífheidhm theicniúil TARGET. Féadfaidh rannpháirtithe, áfach, modhanna dlíthiúla eile a úsáid chun éileamh a dhéanamh ar chaillteanais. Má ghlacann rannpháirtí le tairiscint chúitimh faoi scéim chúitimh TARGET, is éard a bheidh anseo comhaontú neamh-inchúlghairthe an rannpháirtí go dtarscaoilfidh sé leis sin gach éileamh i ndáil leis na horduithe aistrithe airgid a nglacann sé le cúiteamh ina leith (lena n-áirítear aon éilimh ar chaillteanas iarmhartach) a d’fhéadfadh a bheith aige i gcoinne aon BC, agus gurb ionann an íocaíocht chúitimh chomhfhreagrach a fuair sé agus socraíocht iomlán críochnaitheach ar gach éileamh den sórt sin. Déanfaidh an rannpháirtí na BCanna lena mbaineann a shlánú, suas go huasmhéid an mhéid a fuarthas aoi scéim chúitimh TARGET, i leith aon éileamh breise a dhéanfaidh aon rannpháirtí eile nó aon tríú páirtí eile i ndáil leis an ordú aistrithe airgid nó an aistithe airgid i gceist.

| (d) | Ní hionann déanamh tairiscint cúitimh agus admháil dliteanais ag [cuir isteach ainm BC] nó ag aon BC eile maidir le mífheidhm theicniúil TARGET. |
| --- | --- |

(d)

Ní hionann déanamh tairiscint cúitimh agus admháil dliteanais ag [cuir isteach ainm BC] nó ag aon BC eile maidir le mífheidhm theicniúil TARGET.

2.   Coinníollacha maidir le tairiscintí cúitimh

| (a) | Féadfaidh íocóir éileamh ar tháille riaracháin agus cúiteamh úis a thíolacadh más rud é, mar gheall ar mhífheidhm theicniúil TARGET, nár socraíodh ordú aistrithe airgis an lá gnó ar glacadh leis. |
| --- | --- |

(a)

Féadfaidh íocóir éileamh ar tháille riaracháin agus cúiteamh úis a thíolacadh más rud é, mar gheall ar mhífheidhm theicniúil TARGET, nár socraíodh ordú aistrithe airgis an lá gnó ar glacadh leis.

| (b) | Féadfaidh íocaí éileamh ar tháille riaracháin a thíolacadh mura bhfuair sé íocaíocht a raibh súil aige a fháil lá gnó áirithe mar gheall ar mhífheidhm theicniúil TARGET Féadfaidh an t-íocaí éileamh ar chúiteamh úis a thíolacadh freisin má chomhlíontar ceann amháin nó níos mó de na coinníollacha seo a leanas:






  (i) | i gcás rannpháirtithe a bhfuil rochtain acu ar an tsaoráid iasachta imeallach: mar gheall ar mhífheidhm theicniúil TARGET, bhain íocaí leas as an tsaoráid iasachta imeallach; agus/nó |
| --- | --- | --- |

(b)

Féadfaidh íocaí éileamh ar tháille riaracháin a thíolacadh mura bhfuair sé íocaíocht a raibh súil aige a fháil lá gnó áirithe mar gheall ar mhífheidhm theicniúil TARGET Féadfaidh an t-íocaí éileamh ar chúiteamh úis a thíolacadh freisin má chomhlíontar ceann amháin nó níos mó de na coinníollacha seo a leanas:

(i)

i gcás rannpháirtithe a bhfuil rochtain acu ar an tsaoráid iasachta imeallach: mar gheall ar mhífheidhm theicniúil TARGET, bhain íocaí leas as an tsaoráid iasachta imeallach; agus/nó

| (ii) | i gcás na rannpháirtithe uile: bhí sé indhéanta go teicniúil leas a bhaint as an margadh airgid nó bhí sé dodhéanta athmhaoiniú den sórt sin a dhéanamh ar fhorais réasúnacha eile. |
| --- | --- |

(ii)

i gcás na rannpháirtithe uile: bhí sé indhéanta go teicniúil leas a bhaint as an margadh airgid nó bhí sé dodhéanta athmhaoiniú den sórt sin a dhéanamh ar fhorais réasúnacha eile.

3.   Cúiteamh a ríomh

| (a) | (a) Maidir le tairiscint cúitimh le haghaidh íocóra:






  (i) | is é EUR 50 an táille riaracháin don chéad ordú aistrithe airgid neamhshocraithe, EUR 25 do gach ceann de na chéad cheithre ordú aistrithe airgid eile agus EUR 12,50 do gach ordú aistrithe airgid breise den sórt sin. Ríomhfar an táille riaracháin go leithleach i ndáil le gach íocaí; |
| --- | --- | --- |

(a)

(a) Maidir le tairiscint cúitimh le haghaidh íocóra:

(i)

is é EUR 50 an táille riaracháin don chéad ordú aistrithe airgid neamhshocraithe, EUR 25 do gach ceann de na chéad cheithre ordú aistrithe airgid eile agus EUR 12,50 do gach ordú aistrithe airgid breise den sórt sin. Ríomhfar an táille riaracháin go leithleach i ndáil le gach íocaí;

| (ii) | cinnfear cúiteamh úis trí ráta tagartha a bheidh le socrú ó lá go lá a chur i bhfeidhm. Is éard a bheidh sa ráta tagartha seo ná an ráta tagartha gearrthéarmach euro (€STR) nó an ráta saoráide iasachta imeallach, cibé acu is ísle. Cuirfear an ráta tagartha i bhfeidhm ar mhéid an ordaithe aistrithe airgid nár socraíodh mar thoradh ar mhífheidhm theicniúil TARGET do gach lá sa tréimhse ó dháta thíolacadh iarbhír an ordaithe aistrithe airgid nó, i ndáil le horduithe aistrithe airgid dá dtagraítear i mír 2(b)(ii), ó dháta thíolacadh beartaithe an ordaithe aistrithe argid go dtí an dáta a socraíodh an t-ordú aistrithe airgid go rathúíl nó a bhféadfadh an t-ordú aistrithe airgid a bheith socraithe go rathúil. Déanfar aon ús nó táillí a leanann as aon orduithe aistrithe airgid neamhshocraithe a chur i dtaisce leis an Eurochóras a asbhaint ó nó a ghearradh ar mhéid aon chúitimh, de réir mar a bheidh; |
| --- | --- |

(ii)

cinnfear cúiteamh úis trí ráta tagartha a bheidh le socrú ó lá go lá a chur i bhfeidhm. Is éard a bheidh sa ráta tagartha seo ná an ráta tagartha gearrthéarmach euro (€STR) nó an ráta saoráide iasachta imeallach, cibé acu is ísle. Cuirfear an ráta tagartha i bhfeidhm ar mhéid an ordaithe aistrithe airgid nár socraíodh mar thoradh ar mhífheidhm theicniúil TARGET do gach lá sa tréimhse ó dháta thíolacadh iarbhír an ordaithe aistrithe airgid nó, i ndáil le horduithe aistrithe airgid dá dtagraítear i mír 2(b)(ii), ó dháta thíolacadh beartaithe an ordaithe aistrithe argid go dtí an dáta a socraíodh an t-ordú aistrithe airgid go rathúíl nó a bhféadfadh an t-ordú aistrithe airgid a bheith socraithe go rathúil. Déanfar aon ús nó táillí a leanann as aon orduithe aistrithe airgid neamhshocraithe a chur i dtaisce leis an Eurochóras a asbhaint ó nó a ghearradh ar mhéid aon chúitimh, de réir mar a bheidh;

| (iii) | ní bheidh aon chúiteamh úis iníoctha má cuireadh agus sa mhéid gur cuireadh cistí a d’eascair as orduithe aistrithe airgid neamhshocraithe ar an margadh nó má úsáideadh iad chun ceanglais maidir le cúlchistí íosta a chomhlíonadh. |
| --- | --- |

(iii)

ní bheidh aon chúiteamh úis iníoctha má cuireadh agus sa mhéid gur cuireadh cistí a d’eascair as orduithe aistrithe airgid neamhshocraithe ar an margadh nó má úsáideadh iad chun ceanglais maidir le cúlchistí íosta a chomhlíonadh.

| (b) | Maidir le tairiscint cúitimh le haghaidh íocaí:






  (i) | is é EUR 50 an táille riaracháin don chéad ordú aistrithe airgid neamhshocraithe, EUR 25 do gach ceann de na chéad cheithre ordú aistrithe airgid eile agus EUR 12.50 do gach ordú aistrithe airgid breise den sórt sin. Ríomhfar an táille riaracháin go leithleach i ndáil le gach íocóir; |
| --- | --- | --- |

(b)

Maidir le tairiscint cúitimh le haghaidh íocaí:

(i)

is é EUR 50 an táille riaracháin don chéad ordú aistrithe airgid neamhshocraithe, EUR 25 do gach ceann de na chéad cheithre ordú aistrithe airgid eile agus EUR 12.50 do gach ordú aistrithe airgid breise den sórt sin. Ríomhfar an táille riaracháin go leithleach i ndáil le gach íocóir;

| (ii) | beidh feidhm ag an modh a leagtar amach i bhfomhír (a)(ii) chun cúiteamh úis a ríomh ach amháin go mbeidh cúiteamh úis iníoctha ag ráta is comhionann leis an difríocht idir an ráta saoráide iasachta imeallach agus an ráta tagartha, agus ríomhfar é ar an méid a bhaintear leas as an tsaoráid iasachta imeallach mar thoradh ar mhífheidhm theicniúil TARGET. |
| --- | --- |

(ii)

beidh feidhm ag an modh a leagtar amach i bhfomhír (a)(ii) chun cúiteamh úis a ríomh ach amháin go mbeidh cúiteamh úis iníoctha ag ráta is comhionann leis an difríocht idir an ráta saoráide iasachta imeallach agus an ráta tagartha, agus ríomhfar é ar an méid a bhaintear leas as an tsaoráid iasachta imeallach mar thoradh ar mhífheidhm theicniúil TARGET.

4.   Rialacha nós imeachta

| (a) | (a) Cuirfear éileamh ar chúiteamh isteach ar an bhfoirm éilimh atá ar fáil ar shuíomh gréasáin [cuir isteach ainm BC] i mBéarla (féach [cuir isteach tagairt do shuíomh gréasáin BC]). Cuirfidh íocóirí foirm éilimh ar leithligh isteach maidir le gach íocaí agus cuirfidh íocaithe foirm éilimh ar leithligh isteach maidir le gach íocóir. Soláthrófar dóthain faisnéise agus doiciméad breise chun tacú leis an bhfaisnéis a léirítear san fhoirm éilimh. Ní féidir ach éileamh amháin a chur isteach maidir le híocaíocht shonrach nó ordú íocaíochta sonrach. |
| --- | --- |

(a)

(a) Cuirfear éileamh ar chúiteamh isteach ar an bhfoirm éilimh atá ar fáil ar shuíomh gréasáin [cuir isteach ainm BC] i mBéarla (féach [cuir isteach tagairt do shuíomh gréasáin BC]). Cuirfidh íocóirí foirm éilimh ar leithligh isteach maidir le gach íocaí agus cuirfidh íocaithe foirm éilimh ar leithligh isteach maidir le gach íocóir. Soláthrófar dóthain faisnéise agus doiciméad breise chun tacú leis an bhfaisnéis a léirítear san fhoirm éilimh. Ní féidir ach éileamh amháin a chur isteach maidir le híocaíocht shonrach nó ordú íocaíochta sonrach.

| (b) | Laistigh de cheithre seachtaine ó mhífheidhm theicniúil TARGET, cuirfidh rannpháirtithe a bhfoirmeacha éilimh faoi bhráid [cuir isteach ainm BC]. Soláthrófar aon fhaisnéis agus fianaise bhreise a iarrfaidh [cuir isteach ainm BC] laistigh de dhá sheachtain tar éis an iarraidh sin a dhéanamh. |
| --- | --- |

(b)

Laistigh de cheithre seachtaine ó mhífheidhm theicniúil TARGET, cuirfidh rannpháirtithe a bhfoirmeacha éilimh faoi bhráid [cuir isteach ainm BC]. Soláthrófar aon fhaisnéis agus fianaise bhreise a iarrfaidh [cuir isteach ainm BC] laistigh de dhá sheachtain tar éis an iarraidh sin a dhéanamh.

| (c) | Déanfaidh [cuir isteach ainm BC] na héilimh a athbhreithniú agus a chur ar aghaidh chuig an BCE. Mura gcinnfidh Comhairle Rialaithe an BCE a mhalairt agus an cinneadhh sin a chur in iúl do na rannpháirtithe, déanfar gach éileamh a fhaightear a mheasúnú tráth nach déanaí ná 14 sheachtain tar éis mhífheidhm theicniúil TARGET. |
| --- | --- |

(c)

Déanfaidh [cuir isteach ainm BC] na héilimh a athbhreithniú agus a chur ar aghaidh chuig an BCE. Mura gcinnfidh Comhairle Rialaithe an BCE a mhalairt agus an cinneadhh sin a chur in iúl do na rannpháirtithe, déanfar gach éileamh a fhaightear a mheasúnú tráth nach déanaí ná 14 sheachtain tar éis mhífheidhm theicniúil TARGET.

| (d) | Cuirfidh [cuir isteach ainm BC] toradh an mheasúnaithe dá dtagraítear i bhfomhír (c) in iúl do na rannpháirtithe ábhartha. Má tá tairiscint chúitimh i gceist leis an measúnú, déanfaidh na rannpháirtithe lena mbaineann, laistigh de cheithre seachtaine ó chur in iúl na tairisceana sin dóibh, í a ghlacadh nó a dhiúltú, maidir le gach ordú aistrithe airgid a chuimsítear i ngach éileamh, trí litir ghlactha chaighdeánach a shíniú (san fhoirm atá ar fáil ar shuíomh gréasáin [cuir isteach ainm BC] (féach [cuir isteach tagairt do shuíomh gréasáin BC]). Más rud é nach mbeidh an litir sin faighte ag [cuir isteach ainm BC] laistigh de cheithre seachtaine, measfar gur dhiúltaigh na rannpháirtithe lena mbaineann an tairiscint chúitimh. |
| --- | --- |

(d)

Cuirfidh [cuir isteach ainm BC] toradh an mheasúnaithe dá dtagraítear i bhfomhír (c) in iúl do na rannpháirtithe ábhartha. Má tá tairiscint chúitimh i gceist leis an measúnú, déanfaidh na rannpháirtithe lena mbaineann, laistigh de cheithre seachtaine ó chur in iúl na tairisceana sin dóibh, í a ghlacadh nó a dhiúltú, maidir le gach ordú aistrithe airgid a chuimsítear i ngach éileamh, trí litir ghlactha chaighdeánach a shíniú (san fhoirm atá ar fáil ar shuíomh gréasáin [cuir isteach ainm BC] (féach [cuir isteach tagairt do shuíomh gréasáin BC]). Más rud é nach mbeidh an litir sin faighte ag [cuir isteach ainm BC] laistigh de cheithre seachtaine, measfar gur dhiúltaigh na rannpháirtithe lena mbaineann an tairiscint chúitimh.

| (e) | Déanfaidh [cuir isteach ainm BC] íocaíochtaí cúitimh nuair a gheofar litir rannpháirtí go nglacann sé leis an gcúiteamh. Ní bheidh aon ús iníoctha ar aon íocaíocht chúitimh. |
| --- | --- |

(e)

Déanfaidh [cuir isteach ainm BC] íocaíochtaí cúitimh nuair a gheofar litir rannpháirtí go nglacann sé leis an gcúiteamh. Ní bheidh aon ús iníoctha ar aon íocaíocht chúitimh.

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FOSCRÍBHINN III

TÉARMAÍ TAGARTHA MAIDIR LE TUAIRIMÍ ACHMHAINNÍ AGUS TÍRE

Téarmaí tagartha maidir le tuairimí acmhainní do rannpháirtithe i TARGET.

[Cuir isteach ainm BC]

[seoladh]

Rannpháirtíocht sa [ainm an chórais]

[suíomh]

[dáta]

A Dhaoine Uaisle,

Iarradh orainn an Tuairim seo a sholáthar mar chomhairleoirí dlí [intí nó seachtracha] chun [sonraigh ainm an Rannpháirtí nó brainse an Rannpháirtí] maidir le saincheisteanna a thagann chun cinn faoi dhlíthe [dlínse ina bhfuil an Rannpháirtí bunaithe; [an “dlíinse” anseo feasta] i dtaca le rannpháirtíocht [sonraigh ainm an Rannpháirtí] (an “Rannpháirtí” anseo feasta) sa [ainm an chórais chomhpháirte de TARGET] (an “Córas” anseo feasta).

Tá an Tuairim seo teoranta do dhlíthe [dlínse] amhail mar atá siad ar dháta na Tuairime seo. Níl aon imscrúdú déanta againn ar dhlíthe aon dlínse eile mar bhonn don Tuairim seo, agus ní chuirimid aon tuairim in iúl agus ní thugaimid aon tuairim le tuiscint maidir leis na dlíthe sin. Tá feidhm ag gach ceann de na ráitis agus na tuairimí a chuirtear i láthair thíos le cruinneas agus bailíocht chomhionann faoi dhlíthe [dlínse], cibé acu a ghníomhaíonn an Rannpháirtí trína cheannoifig nó trí bhrainse amháin nó níos mó a bunaíodh laistigh nó lasmuigh de [dlínse] agus orduithe aistrithe airgid á gcur isteach agus orduithe aistrithe airgid á bhfáil aige.

I.   NA DOICIMÉID A SCRÚDAÍODH

Chun críocha na Tuairime seo, rinneamar scrúdú ar:

| (1) | cóip dheimhnithe de [sonraigh doicméid bunreachtúla ábhartha] an Rannpháirtí mar atá siad i bhfeidhm ar an dáta seo; |
| --- | --- |

(1)

cóip dheimhnithe de [sonraigh doicméid bunreachtúla ábhartha] an Rannpháirtí mar atá siad i bhfeidhm ar an dáta seo;

| (2) | [más infheidhme] sliocht as [sonraigh clár na gcuideachtaí ábhartha] agus [más infheidhme] [clár institiúidí creidmheasa nó clár comhchosúil]; |
| --- | --- |

(2)

[más infheidhme] sliocht as [sonraigh clár na gcuideachtaí ábhartha] agus [más infheidhme] [clár institiúidí creidmheasa nó clár comhchosúil];

| (3) | [a mhéid is infheidhme] cóip de cheadúnas an Rannpháirtí nó cruthúnas údaraithe eile chun baincéireacht, infheistíocht, aistriú cistí nó seirbhísí airgeadais eile a sholáthar i gcomhréir leis na critéir le haghaidh rannpháirtíochta i TARGET i [dlínse]; |
| --- | --- |

(3)

[a mhéid is infheidhme] cóip de cheadúnas an Rannpháirtí nó cruthúnas údaraithe eile chun baincéireacht, infheistíocht, aistriú cistí nó seirbhísí airgeadais eile a sholáthar i gcomhréir leis na critéir le haghaidh rannpháirtíochta i TARGET i [dlínse];

| (4) | [más infheidhme] cóip de rún arna ghlacadh ag an mbord stiúrthóirí nó ag comhlachtrialaithe ábhartha an Rannpháirtí an [cuir isteach an dáta ], [cuir isteach an bhliain], lena bhfianaítear comhaontú an Rannpháirtí cloí leis na Doiciméid Chórais, mar a shainmhínítear thíos; agus |
| --- | --- |

(4)

[más infheidhme] cóip de rún arna ghlacadh ag an mbord stiúrthóirí nó ag comhlachtrialaithe ábhartha an Rannpháirtí an [cuir isteach an dáta ], [cuir isteach an bhliain], lena bhfianaítear comhaontú an Rannpháirtí cloí leis na Doiciméid Chórais, mar a shainmhínítear thíos; agus

| (5) | [sonraigh gach cumhacht aturnae agus doiciméid eile arb éard iad nó lena bhfianaítear cumhacht riachtanach an duine nó na ndaoine a shíníonn na Doiciméid Chórais ábhartha (mar a shainmhínítear thíos) thar ceann an Rannpháirtí];
  agus gach doiciméad eile a bhaineann le bunreacht, cumhachtaí, agus údaruithe an Rannpháirtí atá riachtanach nó iomchuí chun an Tuairim seo a sholáthar (“Doiciméid Rannpháirteacha” anseo feasta). |
| --- | --- |

(5)

[sonraigh gach cumhacht aturnae agus doiciméid eile arb éard iad nó lena bhfianaítear cumhacht riachtanach an duine nó na ndaoine a shíníonn na Doiciméid Chórais ábhartha (mar a shainmhínítear thíos) thar ceann an Rannpháirtí];

agus gach doiciméad eile a bhaineann le bunreacht, cumhachtaí, agus údaruithe an Rannpháirtí atá riachtanach nó iomchuí chun an Tuairim seo a sholáthar (“Doiciméid Rannpháirteacha” anseo feasta).

Chun críocha na Tuairime seo, tá scrúdú déanta againn freisin ar:

| (1) | an [cuir isteach tagairt do na socruithe lena gcuirtear na Coinníollacha Comhchuibhithe maidir le rannpháirtíocht i TARGET don Chóras dar dáta [cuir isteach an dáta] (na “Rialacha” anseo feasta); agus |
| --- | --- |

(1)

an [cuir isteach tagairt do na socruithe lena gcuirtear na Coinníollacha Comhchuibhithe maidir le rannpháirtíocht i TARGET don Chóras dar dáta [cuir isteach an dáta] (na “Rialacha” anseo feasta); agus

| (2) | [...].
  Tagrófar do na Rialacha agus na [...] anseo feasta mar na “Doiciméid Chórais” (agus i dteannta leis na Doiciméid Rannpháirteacha mar na “Doiciméid“). |
| --- | --- |

(2)

[...].

Tagrófar do na Rialacha agus na [...] anseo feasta mar na “Doiciméid Chórais” (agus i dteannta leis na Doiciméid Rannpháirteacha mar na “Doiciméid“).

II.   TOIMHDÍ

Chun críocha na Tuairime seo, tá glactha againn maidir leis na Doiciméid:

| (1) | gur bunchóipeanna nó fíorchóipeanna iad na Doiciméid Chórais a soláthraíodh dúinn; |
| --- | --- |

(1)

gur bunchóipeanna nó fíorchóipeanna iad na Doiciméid Chórais a soláthraíodh dúinn;

| (2) | go bhfuil téarmaí na nDoiciméad Córais agus na cearta agus na hoibleagáidí a chruthaíonn siad bailí agus ceangailteach ó thaobh dlí faoi dhlíthe [cuir isteach tagairt do Bhallstát an Chórais] trína gcuirtear in iúl go bhfuil siad á rialú, agus go bhfuil rogha na ndlíthe de [cuir isteach tagairt do Bhallstát an Chórais] chun na Doiciméid Chórais a rialú, aitheanta le dlíthe [cuir isteach tagairt do Bhallstát an Chórais]; |
| --- | --- |

(2)

go bhfuil téarmaí na nDoiciméad Córais agus na cearta agus na hoibleagáidí a chruthaíonn siad bailí agus ceangailteach ó thaobh dlí faoi dhlíthe [cuir isteach tagairt do Bhallstát an Chórais] trína gcuirtear in iúl go bhfuil siad á rialú, agus go bhfuil rogha na ndlíthe de [cuir isteach tagairt do Bhallstát an Chórais] chun na Doiciméid Chórais a rialú, aitheanta le dlíthe [cuir isteach tagairt do Bhallstát an Chórais];

| (3) | go bhfuil na Doiciméid Rannpháirteacha laistigh de chumas agus cumhacht na bpáirtithe ábhartha agus go bhfuil siad údaraithe, glactha nó forghníomhaithe agus, nuair is gá, seachadta go bailí ag na páirtithe ábhartha; agus |
| --- | --- |

(3)

go bhfuil na Doiciméid Rannpháirteacha laistigh de chumas agus cumhacht na bpáirtithe ábhartha agus go bhfuil siad údaraithe, glactha nó forghníomhaithe agus, nuair is gá, seachadta go bailí ag na páirtithe ábhartha; agus

| (4) | go bhfuil na Doiciméid Rannpháirteacha ceangailteach ar na páirtithe a bhfuil siad dírithe chucu, agus nar sáraíodh aon cheann dá dtéarmaí. |
| --- | --- |

(4)

go bhfuil na Doiciméid Rannpháirteacha ceangailteach ar na páirtithe a bhfuil siad dírithe chucu, agus nar sáraíodh aon cheann dá dtéarmaí.

III.   TUAIRIMÍ MAIDIR LEIS AN RANNPHÁIRTÍ

| A. | Is corparáid é an Rannpháirtí atá bunaithe agus cláraithe go cuí nó atá corpraithe nó eagraithe go cuí faoi dhlíthe [dlínse]. |
| --- | --- |

A.

Is corparáid é an Rannpháirtí atá bunaithe agus cláraithe go cuí nó atá corpraithe nó eagraithe go cuí faoi dhlíthe [dlínse].

| B. | Tá na cumhachtaí corparáideacha riachtanacha go léir ag an Rannpháirtí chun na cearta agus na hoibleagáidí faoi na Doiciméid Chórais a bhfuil sé ina pháirtí iontu a fhorghníomhú agus a chomhlíonadh. |
| --- | --- |

B.

Tá na cumhachtaí corparáideacha riachtanacha go léir ag an Rannpháirtí chun na cearta agus na hoibleagáidí faoi na Doiciméid Chórais a bhfuil sé ina pháirtí iontu a fhorghníomhú agus a chomhlíonadh.

| C. | Ní sháraíonn glacadh nó forghníomhú agus feidhmíocht an Rannpháirtí de na cearta agus na hoibleagáidí faoi na Doiciméid Chórais a bhfuil an Rannpháirtí ina pháirtí iontu aon fhoráil de na dlíthe nó na rialacháin [dlínse] is infheidhme maidir leis an Rannpháirtí nó maidir leis na Doiciméid Rannpháirteacha. |
| --- | --- |

C.

Ní sháraíonn glacadh nó forghníomhú agus feidhmíocht an Rannpháirtí de na cearta agus na hoibleagáidí faoi na Doiciméid Chórais a bhfuil an Rannpháirtí ina pháirtí iontu aon fhoráil de na dlíthe nó na rialacháin [dlínse] is infheidhme maidir leis an Rannpháirtí nó maidir leis na Doiciméid Rannpháirteacha.

| D. | Ní éilíonn an Rannpháirtí aon údaruithe, formheasanna, ceadaithe, comhdúcháin, clárúcháin, nótaireachtaí nó deimhnithe eile de chuid nó le haon chúirt nó údarás rialtais, breithiúnach nó poiblí atá inniúil i [dlínse] maidir le glacadh, bailíocht nó infhorfheidhmitheacht aon cheann de na Doiciméid Chórais nó forghníomhú nó comhlíonadh na gceart agus na n-oibleagáidí fúthu. |
| --- | --- |

D.

Ní éilíonn an Rannpháirtí aon údaruithe, formheasanna, ceadaithe, comhdúcháin, clárúcháin, nótaireachtaí nó deimhnithe eile de chuid nó le haon chúirt nó údarás rialtais, breithiúnach nó poiblí atá inniúil i [dlínse] maidir le glacadh, bailíocht nó infhorfheidhmitheacht aon cheann de na Doiciméid Chórais nó forghníomhú nó comhlíonadh na gceart agus na n-oibleagáidí fúthu.

| E. | Tá gach gníomh corparáideach riachtanach agus gach céim eile is gá faoi dhlíthe [dlínse] glactha ag an Rannpháirtí chun a chinntiú go bhfuil a oibleagáidí faoi na Doiciméid Chórais dlíthiúil, bailí agus ceangailteach. |
| --- | --- |

E.

Tá gach gníomh corparáideach riachtanach agus gach céim eile is gá faoi dhlíthe [dlínse] glactha ag an Rannpháirtí chun a chinntiú go bhfuil a oibleagáidí faoi na Doiciméid Chórais dlíthiúil, bailí agus ceangailteach.

Luaitear an Tuairim seo amhail ar a dáta agus dírítear go heisiach chuig [cuir isteach ainm BC] agus an [Rannpháirtí] í. Ní fhéadfaidh aon duine eile brath ar an Tuairim seo, agus ní fhéadfar ábhar na Tuairime seo a nochtadh do dhaoine seachas na faighteoirí beartaithe agus a n-abhcóide dlí gan ár dtoiliú i scríbhinn roimh ré, seachas an Banc Ceannais Eorpach agus bainc cheannais náisiúnta an Chórais Eorpaigh Banc Ceannais [agus an banc ceannais náisiúnta/údaráis rialála ábhartha] de [dlínse]].

Is sinne, le meas,

[síniú]

Téarmaí tagartha maidir le tuairimí tíre do rannpháirtithe neamh-LEE i TARGET.

[Cuir isteach ainm an BC]

[seoladh]

[ainm an chórais]

[suíomh]

[dáta]

A Dhaoine Uaisle,

Iarradh orainn mar chomhairleoirí dlí [seachtracha] do [sonraigh ainm an Rannpháirtí nó brainse an Rannpháirtí] (an “Rannpháirtí”) an Tuairim seo a sholáthar faoi dhlithe [dlínse] i dtaca le rannpháirtíocht an Rannpháirtí i gcóras ar córas comhpháirte de TARGET é (an “Córas” anseo feasta) maidir le saincheisteanna a eascraíonn faoi dhlíthe [dlínse ina bhfuil an Rannpháirtí bunaithe; [an “dlínse” anseo feasta]. Cuimsíonn tagairtí anseo do dhlíthe [dlínse] na rialacháin go léir is infheidhme maidir le [dlínse]. Cuirimid tuairim in iúl anseo faoi dhlí [dlínse], agus aird ar leith á tabhairt ar an Rannpháirtí a bunaíodh lasmuigh [cuir isteach tagairt do Bhallstát an Chórais] maidir le cearta agus oibleagáidí a éiríonn as rannpháirtíocht sa Chóras, mar a chuirtear i láthair sna Doiciméid Chórais dá dtagraítear/a shainítear thíos.

Tá an Tuairim seo teoranta do dhlíthe [dlínse] amhail mar atá siad ar dháta na Tuairime seo. Níl aon imscrúdú déanta againn ar dhlíthe aon dlínse eile mar bhonn don Tuairim seo, agus ní chuirimid aon tuairim in iúl agus ní thugaimid aon tuairim le tuiscint maidir leis na dlíthe sin. Tá glactha againn nach bhfuil aon rud i ndlíthe dlínse eile a dhéanann difear don Tuairim seo.

1.   NA DOICIMÉID A SCRÚDAÍODH

Chun críocha na Tuairime seo, tá scrúdú déanta againn ar na doiciméid atá liostaithe thíos agus ar cibé doiciméid eile a mheasamar a bheith riachtanach nó iomchuí:

| (1) | an [cuir isteach tagairt do na socruithe lena gcuirtear na Coinníollacha Comhchuibhithe maidir le rannpháirtíocht i TARGET] i bhfeidhm don Chóras dar dáta [cuir isteach an dáta] (na “Rialacha” anseo feasta); agus |
| --- | --- |

(1)

an [cuir isteach tagairt do na socruithe lena gcuirtear na Coinníollacha Comhchuibhithe maidir le rannpháirtíocht i TARGET] i bhfeidhm don Chóras dar dáta [cuir isteach an dáta] (na “Rialacha” anseo feasta); agus

| (2) | aon doiciméad eile lena rialaítear an Córas agus/nó an caidreamh idir an Rannpháirtí agus rannpháirtithe eile sa Chóras, agus idir na rannpháirtithe sa Chóras agus [cuir isteach ainm BC]. |
| --- | --- |

(2)

aon doiciméad eile lena rialaítear an Córas agus/nó an caidreamh idir an Rannpháirtí agus rannpháirtithe eile sa Chóras, agus idir na rannpháirtithe sa Chóras agus [cuir isteach ainm BC].

Tabharfar “na Doiciméid Chórais” anseo feasta ar na Rialacha agus ar an [...].

2.   TOIMHDÍ

Chun críocha na Tuairime seo tá glactha againn maidir leis na Doiciméid Chórais:

| (1) | go bhfuil na Doiciméid Córais laistigh de chumas agus de chumhacht na bpáirtithe ábhartha agus go bhfuil siad údaraithe, glactha nó forghníomhaithe agus, nuair is gá, seachadta go bailí acu; |
| --- | --- |

(1)

go bhfuil na Doiciméid Córais laistigh de chumas agus de chumhacht na bpáirtithe ábhartha agus go bhfuil siad údaraithe, glactha nó forghníomhaithe agus, nuair is gá, seachadta go bailí acu;

| (2) | go bhfuil téarmaí na nDoiciméad Córais agus na cearta agus na hoibleagáidí a chruthaíonn siad bailí agus ceangailteach ó thaobh dlí faoi dhlíthe [cuir isteach tagairt do Bhallstát an Chórais] trína rialaítear iad, mar a chuirtear in iúl, agus go bhfuil rogha na ndlíthe de [cuir isteach tagairt do Bhallstát an Chórais] chun na Doiciméid Chórais a rialú, aitheanta le dlíthe [cuir isteach tagairt do Bhallstát an Chórais]; |
| --- | --- |

(2)

go bhfuil téarmaí na nDoiciméad Córais agus na cearta agus na hoibleagáidí a chruthaíonn siad bailí agus ceangailteach ó thaobh dlí faoi dhlíthe [cuir isteach tagairt do Bhallstát an Chórais] trína rialaítear iad, mar a chuirtear in iúl, agus go bhfuil rogha na ndlíthe de [cuir isteach tagairt do Bhallstát an Chórais] chun na Doiciméid Chórais a rialú, aitheanta le dlíthe [cuir isteach tagairt do Bhallstát an Chórais];

| (3) | go bhfuil na rannpháirtithe sa Chóras trína seoltar aon orduithe asitrithe airgid nó trína bhfaightear aistrithe airgid, nó trína ndéantar aon chearta nó oibleagáidí faoi na Doiciméid Chórais a fhorghníomhú nó a chomhlíonadh, ceadúnaithe chun seirbhísí aistrithe cistí a sholáthar, i ngach dlínse ábhartha; agus |
| --- | --- |

(3)

go bhfuil na rannpháirtithe sa Chóras trína seoltar aon orduithe asitrithe airgid nó trína bhfaightear aistrithe airgid, nó trína ndéantar aon chearta nó oibleagáidí faoi na Doiciméid Chórais a fhorghníomhú nó a chomhlíonadh, ceadúnaithe chun seirbhísí aistrithe cistí a sholáthar, i ngach dlínse ábhartha; agus

| (4) | go bhfuil na doiciméid a cuireadh faoin ár mbráid i gcóip nó mar shamplaí i gcomhréir leis na bunchóipeanna. |
| --- | --- |

(4)

go bhfuil na doiciméid a cuireadh faoin ár mbráid i gcóip nó mar shamplaí i gcomhréir leis na bunchóipeanna.

3.   TUAIRIM

Ar bhonn agus faoi réir a bhfuil anseo roimhe seo agus, i ngach cás, faoi réir na bpointí atá leagtha amach thíos, is í ár dtuairim:

3.1.   Gnéithe dlí tír-shonracha [a mhéid is infheidhme]

Tá na sainghnéithe seo a leanas de reachtaíocht [dlínse] comhsheasmhach le hoibleagáidí an Rannpháirtí a eascraíonn as na Doiciméid Chórais agus ní chuireann siad na hoibleagáidí sin i leataobh ar bhealach ar bith: [liosta de na gnéithe dlí tírshonracha]

3.2.   Saincheisteanna ginearálta maidir le dócmhainneacht

3.2.a.   Cineálacha imeachtaí dócmhainneachta

Is iad na cineálacha imeachtaí dócmhainneachta (lena n-áirítear imshocraíocht nó athshlánú) a chuimseoidh, chun críche na Tuairime seo, gach imeachtaí a bhaineann le sócmhainní an Rannpháirtí nó aon bhrainse a d’fhéadfadh a bheith aige i [dlínse] agus a bhféadfadh an Rannpháirtí a bheith faoina réir i [dlínse], na himeachtaí seo a leanas amháin: [Liostaigh na himeachtaí i dteanga bhunaidh agus aistriúchán Béarla léi] (dá ngairtear le chéile “Imeachtaí Dócmhainneachta”).

Chomh maith le hImeachtaí Dócmhainneachta, féadfaidh an Rannpháirtí, aon cheann dá shócmhainní, nó aon bhrainse a d’fhéadfadh a bheith aige i [dlínse] a bheith faoi réir i[dlínse] [liostaigh moratóir, glacadóireacht nó aon imeachtaí eile is infheidhme a mbíonn de thoradh orthu go bhféadfar íocaíochtaí chuig agus/nó ón Rannpháirtí a bheith curtha ar fionraí nó go bhféadfar teorainneacha a bheith forchurtha i ndáil le híocaíochtaí den sórt sin, nó imeachtaí den chineál céanna, i dteanga bhunaidh agus le haistriúchán i mBéarla] (dá ngairtear le chéile “Imeachtaí” anseo feasta).

3.2.b.   Conarthaí dócmhainneachta

Tá [dlínse] nó foranna polaitiúla áirithe laistigh de [dlínse], mar a shonraítear, ina pháirtí nó ina bpáirtithe sna conarthaí dócmhainneachta seo a leanas: [sonraigh, más infheidhme, iad siúd a bhfuil nó a bhféadfadh tionchar a bheith acu ar an Tuairim seo].

3.3.   Infhorghníomhaitheacht na nDoiciméad Córais

Faoi réir na bpointí a leagtar amach thíos, beidh gach foráil de na Doiciméid Chórais ceangailteach agus infhorghníomhaithe de réir a dtéarmaí faoi dhlíthe [dlínse], go háirithe i gcás go n-osclófar aon Imeachtaí nó Imeachtaí Dócmhainneachta maidir leis an Rannpháirtí.

Go háirithe, is í ár dtuairim:

3.3.a.   Próiseáil orduithe aistrithe airgid

Tá forálacha na Rialacha maidir le horduithe aistrithe airgid a phróiseáil [cuir isteach na forálacha ábhartha lena gcuirtear chun feidhme Airteagal 17 agus Airteagal 18 de Chuid I d’Iarscríbhinn I, Airteagal 4 go hAirteagal 7 agus Airteagal 9 de Chuid II d’Iarscríbhinn I, Airteagal 5 go hAirteagal 10 agus Airteagal 14 go hAirteagal 17 de Chuid III d’Iarscríbhinn I, Airteagal 4 agus Airteagal 6 go hAirteagal 7 de Chuid IV d’Iarscríbhinn I, Airteagal 6 agus Airteagal 10 de Chuid V d’Iarscríbhinn I] bailí agus infhorghníomhaithe. Go háirithe, beidh gach ordú aistrithe airgid a phróiseálfar de bhun na n-alt sin bailí, ceangailteach agus infhorghníomhaithe faoi dhlíthe [dlínse]. Tá foráil na Rialacha a shonraíonn cén uair go díreach a mbíonn orduithe aistrithe airgid arna gcuirtear isteach sa Chóras ag an Rannpháirtí infhorghníomhaithe agus neamh-inchúlghairthe ([cuir isteach foráil a churireann Airteagal 18 chun feidhmne d’Iarscríbhinn 1, Cuid I]) bailí, ceangailteach agus infhorghníomhaithe faoi dhlíthe [dlínse].

3.3.b.   Údarás [cuir isteach ainm BC] chun a fheidhmeanna a chomhlíonadh

Ní dhéanfaidh oscailt Imeachtaí Dócmhainneachta nó Imeachtaí i leith an Rannpháirtí difear d’údarás nó do chumhachtaí an [cuir isteach ainm BC] faoi na Doiciméid Chórais. [Sonraigh [a mhéid is infheidhme]: go bhfuil an tuairim chéanna infheidhmithe freisin maidir le haon eintiteas eile a sholáthraíonn seirbhísí do na Rannpháirtithe go díreach agus is gá le haghaidh rannpháirtíochta sa Chóras, e.g TARGET NSP].

3.3.c.   Leigheasanna i gcás mainneachtana

[Nuair is infheidhme maidir leis an Rannpháirtí, tá na forálacha i [liosta na n-alt] de na Rialacha maidir le feidhmíocht luathaithe éilimh nach bhfuil aibithe fós, fritháireamh éilimh chun taiscí an Rannpháirtí a úsáid, forfheidhmiú gealltáin, fionraí agus foirceannadh rannpháirtíocht, éilimh ar ús mainneachtana, agus foirceannadh comhaontuithe agus idirbhearta ([cuir isteach clásail ábhartha eile de na Rialacha nó de na Doiciméid Chórais]) bailí agus infheidhmithe faoi dhlíthe [dlínse].]

3.3.d.   Fionraí agus foirceannadh

Nuair is infheidhme maidir leis an Rannpháirtí, tá na forálacha i [liosta na ranna] de na Rialacha (maidir le fionraí agus foirceannadh rannpháirtíocht an Rannpháirtí sa Chóras má osclaítear Imeachtaí nó Imeachtaí Dócmhainneachta nó teagmhais mainneachtana eile mar a shainmhinítear sna Doiciméid Chórais, nó má tá aon chineál riosca sistéamach ag gabháil leis an Rannpháirtí nó má tá fadhbanna oibríochta tromchúiseacha aige) bailí agus infhorghníomhaithe faoi dhlíthe [dlínse].

3.3.e.   Córas pionóis

Nuair is infheidhme maidir leis an Rannpháirtí, tá na forálacha atá i [liosta na n-alt] de na Rialacha maidir le pionóis a ghearrtar ar Rannpháirtí nach bhfuil in ann creidmheas idirlae nó creidmheas thar oíche a aisíoc, nuair is infheidhme, in am, bailí agus infhorghníomhaithe faoi dhlíthe [dlínse].

3.3.f.   Sannadh cearta agus oibleagáidí

Ní féidir le Rannpháirtí a chuid cearta agus oibleagáidí a shannadh, a athrú nó a aistriú ar bhealach eile chuig tríú páirtithe gan toiliú i scríbhinn a fháil roimh ré ón [cuir isteach ainm BC]

3.3.g.   Rogha dlí agus dlínse rialaithe

Tá na forálacha i [liosta na n-alt] de na Rialacha, agus go háirithe na forálacha maidir leis an dlí rialaithe, le réiteach díospóide, le cúirteanna inniúla, agus le seirbheáil próisis bailí agus infhorghníomhaithe faoi dhlíthe [dlínse].

3.4.   Fabhair inneamhnithe

Is í ár dtuairim nach féidir aon oibleagáid a eascróidh as na Doiciméid Chórais, a feidhmiú, nó a comhlíonadh, sula n-osclaítear aon Imeachtaí Dócmhainneachta nó aon Imeachtaí i leith an Rannpháirtí, a chur i leataoibh in aon imeachtaí den sórt sin mar thosaíocht, idirbheart inneamhnithe nó eile faoi dhlíthe [dlínse].

Go háirithe, agus gan teorainn leis an méid sin roimhe seo, cuirimid an tuairim seo in iúl maidir le haon orduithe aistrithe airgid arna dtíolacadh ag aon rannpháirtí sa Chóras. Go háirithe, is í ár dtuairim go mbeidh forálacha i [liosta na n-alt] de na Rialacha lena mbunaítear infhorghníomhaitheacht agus do-athraitheacht orduithe aistrithe airgid bailí agus infhorghníomhaithe agus nach féidir orduithe aistrithe airgid arna gcur isteach ag aon rannpháirtí agus arna bpróiseáiltear de bhun [liosta na n-alt] de na Rialacha a bheith curtha i leataoibh in aon Imeachtaí nó Imeachtaí Dócmhainneachta mar fhabhar, idirbheart inneamhnithe nó ar shlí eile faoi dhlíthe [dlínse].

3.5.   Astú

Má fhéachann creidiúnaí an Rannpháirtí ordú astaithe (lena n-áirítear aon ordú calctha, ordú urghabhála nó aon nós imeachta dlí poiblí nó príobháideach eile atá beartaithe chun leas an phobail nó cearta chreidiúnaithe an Ranpháirtí a chosaint) a fháil — dá ngairtear “Astú” anseo feasta — faoi dhlíthe [dlínse] ó chúirt nó údarás rialtasach, breithiúnach nó poiblí atá inniúil i [dlínse], is í ár dtuairim go [cuir isteach an anailís agus an plé].

3.6.   Comhthaobhacht [más infheidhme]

3.6.a.   Sannadh cearta nó taisceadh sócmhainní chun críocha comhthaobhachta, gealltán agus/nó athcheannach

Beidh sannacháin chun críocha comhthaobhachta bailí agus infhorghníomhaithe faoi dhlíthe [dlínse]. Go sonrach, beidh cruthú agus forfheidhmiú gealltáin nó athcheannaigh faoin [cuir isteach tagairt don socraíocht ábhartha leis an BC] bailí agus infhorghníomhaithe faoi dhlíthe [dlínse].

3.6.b.   Tosaíocht leasa sannaithe, geallaithe nó ceannaitheoirí athcheannaigh thar leas éilitheoirí eile

I gcás Imeachtaí Dócmhainneachta nó Imeachtaí i leith an Rannpháirtí, beidh na cearta nó na sócmhainní a shanntar chun críocha comhthaobhachta, nó a gheall an Rannpháirtí i bhfabhar an [cuir isteach tagairt do BC] nó rannpháirtithe eile sa Chóras, i dtosaíocht íocaíochta os cionn gach éileamh eile ó chreidiúnaithe an Rannpháirtí agus ní bheidh siad faoi réir creidiúnaithe tosaíochta nó fabhracha.

3.6.c.   Teideal chun urrúis a fhorfheidhmiú

Fiú amháin i gcás Imeachtaí Dócmhainneachta nó Imeachtaí i leith an Rannpháirtí, beidh rannpháirtithe eile sa Chóras agus [cuir isteach ainm BC] mar [sannaithe, geallaithe nó ceannaitheoirí athcheannaigh, de réir mar is infheidhme] fós saor chun cearta nó sócmhainní an Rannpháirtí a fhorfheidhmiú agus a bhailiú trí ghníomh an [cuir isteach ainm BC] de bhun na Rialacha.

3.6.d.   Ceanglais foirme agus cláraithe

Níl aon cheanglais foirme ann maidir le sannadh chun críocha comhthaobhachta, nó maidir le gealltán nó athcheannach ar chearta nó ar shócmhainní an Rannpháirtí a chruthú agus a fhorfheidhmiú agus ní gá an [sannadh chun críocha comhthaobhachta, gealltán nó athcheannach, mar is infheidhme], nó aon sonraí den [sannadh, gealltán nó athcheannach, de réir mar is infheidhme,] sin a chlárú nó a chomhdú le haon chúirt nó údarás rialtasach, breithiúnach nó poiblí atá inniúil i [dlínse].

3.7.   Brainsí [a mhéid is infheidhme]

3.7.a.   Baineann an tuairim le gníomh trí bhrainsí

Tá feidhm ag gach ceann de na ráitis agus na tuairimí maidir leis an Rannpháirtí a chuirtear i láthair thuas le cruinneas agus le bailíocht chomhionann faoi dhlíthe [dlínse] i gcásanna ina ngníomhaíonn an Rannpháirtí trí cheann amháin nó níos mó dá bhrainsí a bunaíodh lasmuigh de [dhlínse].

3.7.b.   Comhréireacht leis an dlí

Ní sháróidh forghníomhú agus comhlíonadh na gceart agus na n-oibleagáidí faoi na Doiciméid Chórais ná tíolacadh, tarchur nó glacadh orduithe aistrithe airgid ag brainse an Rannpháirtí dlíthe [dlínse] ar bhealach ar bith.

3.7.c.   Údaruithe riachtanacha

Ní bheidh aon údaruithe, ceaduithe, toilithe, comhdúcháin, clárúcháin, nótaireachtaí nó deimhnithe eile ó nó le haon chúirt nó údarás rialtasach, breithiúnach nó poiblí atá inniúil i [dlínse] ag teastáil chun na cearta agus na n-oibleagáidí faoi na Doiciméid Chórais a fhorfheidmiú agus a chomhlíonadh, nó chun tíolacadh, tarchur nó glacadh orduithe aistrithe airgid ag brainse Rannpháirtí.

Luaitear an Tuairim seo amhail ar a dáta agus dírítear go heisiach chuig [cuir isteach ainm BC] agus an [Rannpháirtí] í. Ní fhéadfaidh aon duine eile brath ar an Tuairim seo, agus ní fhéadfar ábhar na Tuairime seo a nochtadh do dhaoine seachas na faighteoirí beartaithe agus a n-abhcóide dlí gan ár dtoiliú i scríbhinn roimh ré, seachas an Banc Ceannais Eorpach agus bainc cheannais náisiúnta an Chórais Eorpaigh Banc Ceannais [agus an banc ceannais náisiúnta/údaráis rialála ábhartha] de [dlínse]].

Is sinne, le meas,

[síniú]

---

FOSCRÍBHINN IV

NÓSANNA IMEACHTA LEANÚNACHAIS GNÓ AGUS NÓSANNA IMEACHTA TEAGMHASACHTA

1.   FORÁLACHA GINEARÁLTA

Leagtar amach leis an bhFoscríbhinn seo na socruithe idir [cuir isteach ainm BC] agus na rannpháirtithe, má theipeann ar TARGET nó má theipeann ar ceann amháin nó níos mó de na NSPanna nó má bhíonn teagmhas seachtrach mínormálta i bhfeidhm orthu, nó má dhéanann an teip difear do rannpháirtí ar bith.

Déantar gach tagairt d’amanna ar leith san Fhoscríbhinn seo don am áitiúil ag suíomh an BCE.

Beidh feidhm ag forálacha a leagtar amach sa roinn 1 seo maidir le MCAnna, RTGS DCAnna agus a bhfochuntais, cuntais theicniúla RTGS AS, T2S DCAnna, TIPS DCAnna agus cuntais theicniúla TIPS AS.

1.1.   Bearta maidir le leanúnachas gnó agus próiseáil theagmhasachta

| (a) | Sa chás go dtarlaíonn teagmhas seachtrach neamhghnách agus/nó má theipeann ar TARGET agus/nó theipeann ar ceann amháin nó níos mó de na NSPanna a dhéanann difear do ghnáthoibriú TARGET, beidh [cuir isteach ainm BC] i dteideal bearta leanúnachais gnó agus próiseála teagmhasachta a ghlacadh. |
| --- | --- |

(a)

Sa chás go dtarlaíonn teagmhas seachtrach neamhghnách agus/nó má theipeann ar TARGET agus/nó theipeann ar ceann amháin nó níos mó de na NSPanna a dhéanann difear do ghnáthoibriú TARGET, beidh [cuir isteach ainm BC] i dteideal bearta leanúnachais gnó agus próiseála teagmhasachta a ghlacadh.

| (b) | Beidh na príomhbhearta leanúnachais gnó agus próiseála teagmhasachta seo a leanas ar fáil i TARGET:






  (i) | oibriúchán TARGET a athlonnú go suíomh eile; |
| --- | --- | --- |

(b)

Beidh na príomhbhearta leanúnachais gnó agus próiseála teagmhasachta seo a leanas ar fáil i TARGET:

(i)

oibriúchán TARGET a athlonnú go suíomh eile;

| (ii) | sceideal oibriúcháin TARGET a athrú. |
| --- | --- |

(ii)

sceideal oibriúcháin TARGET a athrú.

| (c) | Maidir le bearta leanúnachais gnó agus próiseála teagmhasachta, beidh lánrogha ag [cuir isteach ainm BC] maidir le cibé an nglacfar leis na bearta agus cé na bearta a nglacfar leo. |
| --- | --- |

(c)

Maidir le bearta leanúnachais gnó agus próiseála teagmhasachta, beidh lánrogha ag [cuir isteach ainm BC] maidir le cibé an nglacfar leis na bearta agus cé na bearta a nglacfar leo.

1.2.   Cumarsáid teagmhais

Má tharlaíonn teagmhas a gcuirtear síos air faoi mhír 1.1(a), cuirfear é sin in iúl do rannpháirtithe trí shuíomh gréasáin BCE, má bhíonn sé ar fáil, tríd an GUI nó na GUIanna agus, más infheidhme, trí bhealaí cumarsáide intíre. Go háirithe, beidh an fhaisnéis seo a leanas san áireamh i gcumarsáid le rannpháirtithe:

| (i) | cur síos ar an teagmhas agus a thionchar ar TARGET; |
| --- | --- |

(i)

cur síos ar an teagmhas agus a thionchar ar TARGET;

| (ii) | an t-am a bhfuiltear ag súil le réiteach an theagmhais (más eol); |
| --- | --- |

(ii)

an t-am a bhfuiltear ag súil le réiteach an theagmhais (más eol);

| (iii) | faisnéis faoi na bearta a glacadh cheana féin (más ann); |
| --- | --- |

(iii)

faisnéis faoi na bearta a glacadh cheana féin (más ann);

| (iv) | an chomhairle do rannpháirtithe (más ann); |
| --- | --- |

(iv)

an chomhairle do rannpháirtithe (más ann);

| (v) | stampa ama na cumarsáide agus léiriú i dtaobh cén uair a sholáthrófar nuashonrú. |
| --- | --- |

(v)

stampa ama na cumarsáide agus léiriú i dtaobh cén uair a sholáthrófar nuashonrú.

1.3.   Athrú ar uaireanta oibriúcháin

| (a) | Agus sceideal oibriúcháin TARGET dá bhforáiltear i gCuid I, Airteagal 19(2) de Choinníollacha seo á athrú, féadfaidh [cuir isteach ainm BC] moill a chur ar scoithamanna TARGET i dtaca le lá gnó áirithe nó moill a chur ar thosú an lae ghnó dar gcionn nó am aon imeachta eile atá liostaithe i bhFoscríbhinnn V a athrú. |
| --- | --- |

(a)

Agus sceideal oibriúcháin TARGET dá bhforáiltear i gCuid I, Airteagal 19(2) de Choinníollacha seo á athrú, féadfaidh [cuir isteach ainm BC] moill a chur ar scoithamanna TARGET i dtaca le lá gnó áirithe nó moill a chur ar thosú an lae ghnó dar gcionn nó am aon imeachta eile atá liostaithe i bhFoscríbhinnn V a athrú.

| (b) | Féadfar moill a chur ar na scoithamanna TARGET maidir le lá gnó áirithe má tharla cliseadh ar TARGET i rith an lae sin ach má réitítear é roimh 18:00. Níor cheart go rachadh moill ama dúnta den sórt sin thar dhá uair an chloig de ghnáth agus fógrófar do rannpháirtithe í a luaithe is féidir. |
| --- | --- |

(b)

Féadfar moill a chur ar na scoithamanna TARGET maidir le lá gnó áirithe má tharla cliseadh ar TARGET i rith an lae sin ach má réitítear é roimh 18:00. Níor cheart go rachadh moill ama dúnta den sórt sin thar dhá uair an chloig de ghnáth agus fógrófar do rannpháirtithe í a luaithe is féidir.

| (c) | Ar fhógra na moille maidir le hamanna scoite TARGET, féadfar tuilleadh moille a chur air ach ní fhéadfar é a tharraingt siar. |
| --- | --- |

(c)

Ar fhógra na moille maidir le hamanna scoite TARGET, féadfar tuilleadh moille a chur air ach ní fhéadfar é a tharraingt siar.

1.4.   Forálacha eile

| (a) | Má theipeann ar [cuir isteach ainm BC], féadfaidh BCanna eile an Eurochórais nó na BCanna Leibhéal 3 cuid dá fheidhmeanna teicniúla nó iad go léir i ndáil le TARGET-[cuir isteach BC/tagairt tíre] a chomhlíonadh. |
| --- | --- |

(a)

Má theipeann ar [cuir isteach ainm BC], féadfaidh BCanna eile an Eurochórais nó na BCanna Leibhéal 3 cuid dá fheidhmeanna teicniúla nó iad go léir i ndáil le TARGET-[cuir isteach BC/tagairt tíre] a chomhlíonadh.

| (b) | Féadfaidh [cuir isteach ainm BC] a cheangal go nglacfadh na rannpháirtithe páirt i dtástáil rialta nó ad hoc ar bhearta leanúnachais gnó agus próiseála teagmhasachta, in oiliúint nó in aon socruithe coisctheacha eile, de réir mar a mheasann [cuir isteach ainm BC] a bheith riachtanach. Is iad na rannpháirtithe amháin a iompróidh aon chostais a thabhóidh siad mar thoradh ar thástáil den sórt sin nó mar thoradh ar shocruithe eile. |
| --- | --- |

(b)

Féadfaidh [cuir isteach ainm BC] a cheangal go nglacfadh na rannpháirtithe páirt i dtástáil rialta nó ad hoc ar bhearta leanúnachais gnó agus próiseála teagmhasachta, in oiliúint nó in aon socruithe coisctheacha eile, de réir mar a mheasann [cuir isteach ainm BC] a bheith riachtanach. Is iad na rannpháirtithe amháin a iompróidh aon chostais a thabhóidh siad mar thoradh ar thástáil den sórt sin nó mar thoradh ar shocruithe eile.

2   NÓSANNA IMEACHTA LEANÚNACHAIS GNÓ AGUS TEAGMHASACHTA (NÓSANNA IMEACHTA SOCRAÍOCHTA DCA RTGS AGUS AS RTGS)

I dteannta leis na forálacha a leagtar amach i roinn 1, beidh feidhm shonrach ag na forálacha atá leagtha amach sa roinn 2 seo maidir le sealbhóirí RTGS DCA agus AS a bhaineann úsáid as nósanna imeachta socraíochta RTGS AS.

2.1.   Oibriúchán TARGET a athlonnú go suíomh eile

| (a) | Féadfar an t-athlonnú go suíomh eile d’oibriúchán TARGET dá dtagraítear i mír 1.1(b)(i), bheith go dtí áit laistigh den réigiún céanna nó i réigiún eile. |
| --- | --- |

(a)

Féadfar an t-athlonnú go suíomh eile d’oibriúchán TARGET dá dtagraítear i mír 1.1(b)(i), bheith go dtí áit laistigh den réigiún céanna nó i réigiún eile.

| (b) | I gcás ina ndéanfar oibríúchán TARGET a athlonnú go réigiún eile, déanfaidh na rannpháirtithe: (i) staonadh ó orduithe aistrithe airgid nua a chur isteach i TARGET; (ii) arna iarraidh sin do [cuir isteach ainm BC] comhréiteach a dhéanamh; (iii) aon orduithe aistrithe airgid a shainaithnítear a bheith in easnamh a chur isteach arís; agus (iv) an fhaisnéis ábhartha go léir ina leith sin a sholáthar do [cuir isteach ainm BC]. |
| --- | --- |

(b)

I gcás ina ndéanfar oibríúchán TARGET a athlonnú go réigiún eile, déanfaidh na rannpháirtithe: (i) staonadh ó orduithe aistrithe airgid nua a chur isteach i TARGET; (ii) arna iarraidh sin do [cuir isteach ainm BC] comhréiteach a dhéanamh; (iii) aon orduithe aistrithe airgid a shainaithnítear a bheith in easnamh a chur isteach arís; agus (iv) an fhaisnéis ábhartha go léir ina leith sin a sholáthar do [cuir isteach ainm BC].

| (c) | Féadfaidh [cuir isteach ainm BC] aon ghníomhaíochtaí breise a dhéanamh lena n-áirítear cuntais rannpháirtithe a chur chun dochair agus a chreidiúnú chun cuntais na rannpháirtithe sin a thabhairt ar ais chuig an stádas a bhí acu roimh an athlonnú. |
| --- | --- |

(c)

Féadfaidh [cuir isteach ainm BC] aon ghníomhaíochtaí breise a dhéanamh lena n-áirítear cuntais rannpháirtithe a chur chun dochair agus a chreidiúnú chun cuntais na rannpháirtithe sin a thabhairt ar ais chuig an stádas a bhí acu roimh an athlonnú.

2.2.   Athrú ar uaireanta oibriúcháin

| (a) | Má chuireann [cuir isteach ainm BC] moill ar dhúnadh TARGET mar a fhoráiltear dó i mír 1.3 roimh 16:50, ba cheart go bhfanfadh an íostréimhse uair amháin an chloig idir an scoitham le haghaidh orduithe íocaíochta custaiméara agus orduithe íocaíochta idirbhainc i bhfeidhm de ghnáth. |
| --- | --- |

(a)

Má chuireann [cuir isteach ainm BC] moill ar dhúnadh TARGET mar a fhoráiltear dó i mír 1.3 roimh 16:50, ba cheart go bhfanfadh an íostréimhse uair amháin an chloig idir an scoitham le haghaidh orduithe íocaíochta custaiméara agus orduithe íocaíochta idirbhainc i bhfeidhm de ghnáth.

| (b) | Beidh modhanna bunaithe ag AS chun déileáil le cásanna ina gcuirtear moill ar an am athoscailte mar gheall ar chliseadh TARGET an lá roimhe sin. |
| --- | --- |

(b)

Beidh modhanna bunaithe ag AS chun déileáil le cásanna ina gcuirtear moill ar an am athoscailte mar gheall ar chliseadh TARGET an lá roimhe sin.

2.3.   Próiseáil theagmhasachta

| (a) | Má mheasann sé gur gá sin a dhéanamh, tionscnóidh [cuir isteach ainm BC] próiseáil theagmhasach orduithe aistrithe airgid trí úsáid a bhaint as Réiteach Teagmhasachta TARGET nó as modhanna eile. I gcásanna den sórt sin, déanfar próiseáil theagmhasach a sholáthar ar bhonn díchill. Cuirfidh [cuir isteach ainm BC] a rannpháirtithe ar an eolas faoi thosú na próiseála teagmhasaí trí aon mhodh cumarsáide a bheidh ar fáil. |
| --- | --- |

(a)

Má mheasann sé gur gá sin a dhéanamh, tionscnóidh [cuir isteach ainm BC] próiseáil theagmhasach orduithe aistrithe airgid trí úsáid a bhaint as Réiteach Teagmhasachta TARGET nó as modhanna eile. I gcásanna den sórt sin, déanfar próiseáil theagmhasach a sholáthar ar bhonn díchill. Cuirfidh [cuir isteach ainm BC] a rannpháirtithe ar an eolas faoi thosú na próiseála teagmhasaí trí aon mhodh cumarsáide a bheidh ar fáil.

| (b) | I bpróiseáil theagmhasach ag baint úsáide as Réiteach Teagmhasachta TARGET, déanfaidh sealbhóirí RTGS DCA orduithe aistrithe airgid a thíolacadh agus déanfaidh [cuir isteach ainm BC] iad a údarú. Féadfaidh [cuir isteach ainm BC], go heisceachtúil, orduithe aistrithe airgid a ionchur de láimh thar ceann rannpháirtithe. Ina theannta sin, féadfaidh an AS comhaid a chur isteach ina bhfuil treoracha íocaíochta faoi nós imeachta socraíochta RTGS AS A, a údaraíonn an AS do [cuir isteach ainm BC] a uaslódáil isteach sa Réiteach Teagmhasachta. |
| --- | --- |

(b)

I bpróiseáil theagmhasach ag baint úsáide as Réiteach Teagmhasachta TARGET, déanfaidh sealbhóirí RTGS DCA orduithe aistrithe airgid a thíolacadh agus déanfaidh [cuir isteach ainm BC] iad a údarú. Féadfaidh [cuir isteach ainm BC], go heisceachtúil, orduithe aistrithe airgid a ionchur de láimh thar ceann rannpháirtithe. Ina theannta sin, féadfaidh an AS comhaid a chur isteach ina bhfuil treoracha íocaíochta faoi nós imeachta socraíochta RTGS AS A, a údaraíonn an AS do [cuir isteach ainm BC] a uaslódáil isteach sa Réiteach Teagmhasachta.

| (c) | Measfar gur “an-chriticiúil” na horduithe aistrithe seo a leanas agus déanfaidh [cuir isteach ainm BC] a dhícheall chun iad a phróiseáil i dteagmhas gan mhoill iomchuí:






  (i) | íocaíochtaí a bhaineann le socraíocht oibríochtaí CLS Bank International a phróiseáiltear ar Shocraíocht CLS; |
| --- | --- | --- |

(c)

Measfar gur “an-chriticiúil” na horduithe aistrithe seo a leanas agus déanfaidh [cuir isteach ainm BC] a dhícheall chun iad a phróiseáil i dteagmhas gan mhoill iomchuí:

(i)

íocaíochtaí a bhaineann le socraíocht oibríochtaí CLS Bank International a phróiseáiltear ar Shocraíocht CLS;

| (ii) | glaonna ar chorrlach ó chontrapháirtí lárnach. |
| --- | --- |

(ii)

glaonna ar chorrlach ó chontrapháirtí lárnach.

| (d) | Déanfar orduithe aistrithe airgid seachas na cinn atá liostaithe i bpointe (c) agus a bhfuil gá leo chun priacal sistéamach a sheachaint a mheas mar orduithe “criticiúla” agus féadfaidh [cuir isteach ainm BC] cinneadh a dhéanamh próiseáil theagmhasach a thionscnamh ina leith. Áireofar ar orduithe aistrithe airgid criticiúla an méid seo a leanas ach níl siad teoranta dóibh:






  (i) | orduithe aistrithe airgid a bhaineann le córais íocaíochta eile atá tábhachtach go sistéamach a shocrú mar atá sainmhínithe i Rialachán (AE) Uimh. 795/2014 (BCE/2014/28). |
| --- | --- | --- |

(d)

Déanfar orduithe aistrithe airgid seachas na cinn atá liostaithe i bpointe (c) agus a bhfuil gá leo chun priacal sistéamach a sheachaint a mheas mar orduithe “criticiúla” agus féadfaidh [cuir isteach ainm BC] cinneadh a dhéanamh próiseáil theagmhasach a thionscnamh ina leith. Áireofar ar orduithe aistrithe airgid criticiúla an méid seo a leanas ach níl siad teoranta dóibh:

(i)

orduithe aistrithe airgid a bhaineann le córais íocaíochta eile atá tábhachtach go sistéamach a shocrú mar atá sainmhínithe i Rialachán (AE) Uimh. 795/2014 (BCE/2014/28).

| (ii) | orduithe aistrithe leachtacha chuig T2S DCAnna nó TIPS DCAnna; |
| --- | --- |

(ii)

orduithe aistrithe leachtacha chuig T2S DCAnna nó TIPS DCAnna;

| (iii) | orduithe aistrithe leachtachta atá fíor-riachtanach chun orduithe aistrithe airgid ríthábhachtacha a fhorghníomhú mar a leagtar amach i bpointe (c) nó chun orduithe aistrithe airgid ríchriticiúla eile. |
| --- | --- |

(iii)

orduithe aistrithe leachtachta atá fíor-riachtanach chun orduithe aistrithe airgid ríthábhachtacha a fhorghníomhú mar a leagtar amach i bpointe (c) nó chun orduithe aistrithe airgid ríchriticiúla eile.

| (e) | Féadfar orduithe aistrithe airgid a cuireadh faoi bhráid TARGET-[cuir isteach BC/tagairt tíre] roimh ghníomhachtú na próiseála teagmhasaí, ach atá scuaine, a chur faoi phróiseáil theagmhasach freisin. I gcásanna den sórt sin féachfaidh [cuir isteach ainm BC] le próiseáil dhúbailte orduithe aistrithe airgid a sheachaint, ach iompróidh na rannpháirtithe an riosca den phróiseáil dhúbailte sin dá dtarlódh sé. |
| --- | --- |

(e)

Féadfar orduithe aistrithe airgid a cuireadh faoi bhráid TARGET-[cuir isteach BC/tagairt tíre] roimh ghníomhachtú na próiseála teagmhasaí, ach atá scuaine, a chur faoi phróiseáil theagmhasach freisin. I gcásanna den sórt sin féachfaidh [cuir isteach ainm BC] le próiseáil dhúbailte orduithe aistrithe airgid a sheachaint, ach iompróidh na rannpháirtithe an riosca den phróiseáil dhúbailte sin dá dtarlódh sé.

| (f) | Maidir le próiseáil theagmhasach trí úsáid a bhaint as Réiteach Teagmhasachta TARGET, soláthróidh rannpháirtithe sócmhainní incháilithe mar chomhthaobhacht. Le linn na próiseála teagmhasaí, féadfar orduithe aistrithe airgid atá ag teacht isteach a úsáid chun orduithe aistrithe airgid atá ag dul amach a mhaoiniú. |
| --- | --- |

(f)

Maidir le próiseáil theagmhasach trí úsáid a bhaint as Réiteach Teagmhasachta TARGET, soláthróidh rannpháirtithe sócmhainní incháilithe mar chomhthaobhacht. Le linn na próiseála teagmhasaí, féadfar orduithe aistrithe airgid atá ag teacht isteach a úsáid chun orduithe aistrithe airgid atá ag dul amach a mhaoiniú.

2.4.   Teipeanna a bhaineann le rannpháirtithe

| (a) | I gcás ina bhfuil saincheist nó fadhb ag rannpháirtí a chuireann cosc air orduithe aistrithe airgid a chur chuig TARGET, réiteoidh sé an cheist nó an fhadhb trí úsáid a bhaint as a acmhainní féin. Go háirithe, féadfaidh rannpháirtí aon réitigh intí atá ar fáil dó a úsáid, an fheidhmiúlacht GUI a úsáid chun aistrithe leachtachta agus orduithe íocaíochta a phróiseáil nó an fheidhm chúltaca a úsáid tríd an Treoirlíne. |
| --- | --- |

(a)

I gcás ina bhfuil saincheist nó fadhb ag rannpháirtí a chuireann cosc air orduithe aistrithe airgid a chur chuig TARGET, réiteoidh sé an cheist nó an fhadhb trí úsáid a bhaint as a acmhainní féin. Go háirithe, féadfaidh rannpháirtí aon réitigh intí atá ar fáil dó a úsáid, an fheidhmiúlacht GUI a úsáid chun aistrithe leachtachta agus orduithe íocaíochta a phróiseáil nó an fheidhm chúltaca a úsáid tríd an Treoirlíne.

| (b) | Má tá na modhanna réitigh agus/nó réitigh nó feidhmiúlachtaí arna n-úsáid ag an rannpháirtí dá dtagraítear i mír (a) ídithe nó mura leor iad, féadfaidh an rannpháirtí tacaíocht a iarraidh ansin ón [cuir isteach ainm BC] agus soláthróidh [cuir isteach ainm BC] tacaíocht den sórt sin ar bhonn díchill. Cinnfidh [cuir isteach ainm BC] cén tacaíocht a thairgfidh sé don rannpháirtí. |
| --- | --- |

(b)

Má tá na modhanna réitigh agus/nó réitigh nó feidhmiúlachtaí arna n-úsáid ag an rannpháirtí dá dtagraítear i mír (a) ídithe nó mura leor iad, féadfaidh an rannpháirtí tacaíocht a iarraidh ansin ón [cuir isteach ainm BC] agus soláthróidh [cuir isteach ainm BC] tacaíocht den sórt sin ar bhonn díchill. Cinnfidh [cuir isteach ainm BC] cén tacaíocht a thairgfidh sé don rannpháirtí.

| (c) | [Cuir isteach más infheidhme, déanfar cur síos ar bhearta teagmhasacha mionsonraithe breise maidir le AS i socruithe breise idir [cuir isteach ainm BC] agus an AS ábhartha.] |
| --- | --- |

(c)

[Cuir isteach más infheidhme, déanfar cur síos ar bhearta teagmhasacha mionsonraithe breise maidir le AS i socruithe breise idir [cuir isteach ainm BC] agus an AS ábhartha.]

3.   NÓSANNA IMEACHTA LEANÚNACHAIS GNÓ AGUS TEAGMHASACHA (MCA)

I dteannta leis na forálacha a leagtar amach i roinn 1, beidh feidhm shonrach ag na forálacha atá leagtha amach sa roinn 3 seo maidir le sealbhóirí MCA.

3.1.   Oibriúchán TARGET a athlonnú go suíomh eile

| (a) | féadfar an t-athlonnú go suíomh eile d’oibriúchán TARGET dá dtagraítear i mír 1.1(b)(i), bheith go dtí áit laistigh den réigiún céanna nó i réigiún eile. |
| --- | --- |

(a)

féadfar an t-athlonnú go suíomh eile d’oibriúchán TARGET dá dtagraítear i mír 1.1(b)(i), bheith go dtí áit laistigh den réigiún céanna nó i réigiún eile.

| (b) | I gcás ina ndéanfar oibríúchán TARGET a athlonnú go réigiún eile, déanfaidh na rannpháirtithe: (i) staonadh ó orduithe aistrithe airgid nua a chur isteach i TARGET; (ii) arna iarraidh sin do [cuir isteach ainm BC] comhréiteach a dhéanamh, (iii) aon orduithe aistrithe airgid a shainaithnítear a bheith in easnamh a chur isteach arís; agus (iv) an fhaisnéis ábhartha go léir ina leith sin a sholáthar do [cuir isteach ainm BC]. |
| --- | --- |

(b)

I gcás ina ndéanfar oibríúchán TARGET a athlonnú go réigiún eile, déanfaidh na rannpháirtithe: (i) staonadh ó orduithe aistrithe airgid nua a chur isteach i TARGET; (ii) arna iarraidh sin do [cuir isteach ainm BC] comhréiteach a dhéanamh, (iii) aon orduithe aistrithe airgid a shainaithnítear a bheith in easnamh a chur isteach arís; agus (iv) an fhaisnéis ábhartha go léir ina leith sin a sholáthar do [cuir isteach ainm BC].

| (c) | Féadfaidh [cuir isteach ainm BC] aon ghníomhaíochtaí breise a dhéanamh lena n-áirítear cuntais rannpháirtithe a chur chun dochair agus a chreidiúnú chun cuntais na rannpháirtithe sin a thabhairt ar ais chuig an stádas a bhí acu roimh an athlonnú. |
| --- | --- |

(c)

Féadfaidh [cuir isteach ainm BC] aon ghníomhaíochtaí breise a dhéanamh lena n-áirítear cuntais rannpháirtithe a chur chun dochair agus a chreidiúnú chun cuntais na rannpháirtithe sin a thabhairt ar ais chuig an stádas a bhí acu roimh an athlonnú.

3.2.   Próiseáil theagmhasachta

| (a) | Má mheasann sé gur gá sin a dhéanamh, tionscnóidh [cuir isteach ainm BC] próiseáil theagmhasachta orduithe aistrithe airgid trí úsáid a bhaint as Réiteach Teagmhasachta TARGET nó as modhanna eile. I gcásanna den sórt sin, déanfar próiseáil theagmhasachta a sholáthar ar bhonn díchill. Cuirfidh [cuir isteach ainm BC] a rannpháirtithe ar an eolas faoi thosú na próiseála teagmhasaí trí aon mhodh cumarsáide a bheidh ar fáil. |
| --- | --- |

(a)

Má mheasann sé gur gá sin a dhéanamh, tionscnóidh [cuir isteach ainm BC] próiseáil theagmhasachta orduithe aistrithe airgid trí úsáid a bhaint as Réiteach Teagmhasachta TARGET nó as modhanna eile. I gcásanna den sórt sin, déanfar próiseáil theagmhasachta a sholáthar ar bhonn díchill. Cuirfidh [cuir isteach ainm BC] a rannpháirtithe ar an eolas faoi thosú na próiseála teagmhasaí trí aon mhodh cumarsáide a bheidh ar fáil.

| (b) | I bpróiseáil theagmhasachta ag baint úsáide as Réiteach Teagmhasachta TARGET, déanfaidh sealbhóirí MCA orduithe aistrithe airgid a thíolacadh agus déanfaidh [cuir isteach ainm BC] iad a údarú. Féadfaidh [cuir isteach ainm BC], go heisceachtúil, orduithe aistrithe airgid a ionchur de láimh thar ceann rannpháirtithe. |
| --- | --- |

(b)

I bpróiseáil theagmhasachta ag baint úsáide as Réiteach Teagmhasachta TARGET, déanfaidh sealbhóirí MCA orduithe aistrithe airgid a thíolacadh agus déanfaidh [cuir isteach ainm BC] iad a údarú. Féadfaidh [cuir isteach ainm BC], go heisceachtúil, orduithe aistrithe airgid a ionchur de láimh thar ceann rannpháirtithe.

| (c) | Measfar gur “criticiúil” na horduithe aistrithe airgid a theastaíonn chun riosca sistéamach a sheachaint agus féadfaidh [cuir isteach ainm BC] a chinneadh próiseáil theagmhasachta a thionscnamh ina leith. |
| --- | --- |

(c)

Measfar gur “criticiúil” na horduithe aistrithe airgid a theastaíonn chun riosca sistéamach a sheachaint agus féadfaidh [cuir isteach ainm BC] a chinneadh próiseáil theagmhasachta a thionscnamh ina leith.

| (d) | Féadfar orduithe aistrithe airgid a cuireadh faoi bhráid TARGET-[cuir isteach BC/tagairt tíre] roimh ghníomhachtú na próiseála teagmhasaí, ach atá scuaine, a chur faoi phróiseáil theagmhasach freisin. I gcásanna den sórt sin féachfaidh [cuir isteach ainm BC] le próiseáil dhúbailte orduithe aistrithe airgid a sheachaint, ach iompróidh na rannpháirtithe an riosca den phróiseáil dhúbailte sin dá dtarlódh sé. |
| --- | --- |

(d)

Féadfar orduithe aistrithe airgid a cuireadh faoi bhráid TARGET-[cuir isteach BC/tagairt tíre] roimh ghníomhachtú na próiseála teagmhasaí, ach atá scuaine, a chur faoi phróiseáil theagmhasach freisin. I gcásanna den sórt sin féachfaidh [cuir isteach ainm BC] le próiseáil dhúbailte orduithe aistrithe airgid a sheachaint, ach iompróidh na rannpháirtithe an riosca den phróiseáil dhúbailte sin dá dtarlódh sé.

| (e) | Maidir le próiseáil theagmhasachta trí úsáid a bhaint as Réiteach Teagmhasachta TARGET, soláthróidh rannpháirtithe sócmhainní incháilithe mar chomhthaobhacht. Le linn na próiseála teagmhasaí, féadfar orduithe aistrithe airgid atá ag teacht isteach a úsáid chun orduithe aistrithe airgid atá ag dul amach a mhaoiniú. |
| --- | --- |

(e)

Maidir le próiseáil theagmhasachta trí úsáid a bhaint as Réiteach Teagmhasachta TARGET, soláthróidh rannpháirtithe sócmhainní incháilithe mar chomhthaobhacht. Le linn na próiseála teagmhasaí, féadfar orduithe aistrithe airgid atá ag teacht isteach a úsáid chun orduithe aistrithe airgid atá ag dul amach a mhaoiniú.

3.3.   Teipeanna a bhaineann le rannpháirtithe

| (a) | I gcás ina bhfuil saincheist nó fadhb ag rannpháirtí a chuireann cosc air orduithe aistrithe airgid a chur chuig TARGET, réiteoidh sé an cheist nó an fhadhb trí úsáid a bhaint as a acmhainní féin. Go háirithe, féadfaidh rannpháirtí aon réitigh intí nó an fheidhmiúlacht GUI a úsáid chun orduithe aistrithe leachtachta a phróiseáil. |
| --- | --- |

(a)

I gcás ina bhfuil saincheist nó fadhb ag rannpháirtí a chuireann cosc air orduithe aistrithe airgid a chur chuig TARGET, réiteoidh sé an cheist nó an fhadhb trí úsáid a bhaint as a acmhainní féin. Go háirithe, féadfaidh rannpháirtí aon réitigh intí nó an fheidhmiúlacht GUI a úsáid chun orduithe aistrithe leachtachta a phróiseáil.

| (b) | Má tá na modhanna réitigh agus/nó réitigh nó feidhmiúlachtaí arna n-úsáid ag an rannpháirtí dá dtagraítear i mír (a) ídithe nó mura leor iad, féadfaidh an rannpháirtí tacaíocht a iarraidh ón [cuir isteach ainm BC] agus soláthróidh [cuir isteach ainm BC] tacaíocht den sórt sin ar bhonn díchill. Cinnfidh [cuir isteach ainm BC] cén tacaíocht a thairgfidh sé don rannpháirtí. |
| --- | --- |

(b)

Má tá na modhanna réitigh agus/nó réitigh nó feidhmiúlachtaí arna n-úsáid ag an rannpháirtí dá dtagraítear i mír (a) ídithe nó mura leor iad, féadfaidh an rannpháirtí tacaíocht a iarraidh ón [cuir isteach ainm BC] agus soláthróidh [cuir isteach ainm BC] tacaíocht den sórt sin ar bhonn díchill. Cinnfidh [cuir isteach ainm BC] cén tacaíocht a thairgfidh sé don rannpháirtí.

4.   NÓSANNA IMEACHTA LEANÚNACHAIS GNÓ AGUS TEAGMHASACHTA (T2S DCA)

I dteannta leis na forálacha a leagtar amach i roinn 1, beidh feidhm shonrach ag na forálacha atá leagtha amach sa roinn 4 seo maidir le sealbhóirí T2S DCA.

4.1.   Oibriúchán TARGET a athlonnú go suíomh eile

| (a) | Féadfar an t-athlonnú go suíomh eile d’oibriúchán TARGET dá dtagraítear i mír 1.1(b)(i), bheith go dtí áit laistigh den réigiún céanna nó i réigiún eile. |
| --- | --- |

(a)

Féadfar an t-athlonnú go suíomh eile d’oibriúchán TARGET dá dtagraítear i mír 1.1(b)(i), bheith go dtí áit laistigh den réigiún céanna nó i réigiún eile.

| (b) | I gcás ina ndéanfar oibríúchán TARGET a athlonnú go réigiún eile, déanfaidh na rannpháirtithe: (i) staonadh ó orduithe aistrithe airgid nua a chur isteach i TARGET; (ii) arna iarraidh sin do [cuir isteach ainm BC] comhréiteach a dhéanamh, (iii) aon treoracha a shainaithnítear a bheith in easnamh a chur isteach arís; agus (iv) an fhaisnéis ábhartha go léir ina leith sin a sholáthar do [cuir isteach ainm BC]. |
| --- | --- |

(b)

I gcás ina ndéanfar oibríúchán TARGET a athlonnú go réigiún eile, déanfaidh na rannpháirtithe: (i) staonadh ó orduithe aistrithe airgid nua a chur isteach i TARGET; (ii) arna iarraidh sin do [cuir isteach ainm BC] comhréiteach a dhéanamh, (iii) aon treoracha a shainaithnítear a bheith in easnamh a chur isteach arís; agus (iv) an fhaisnéis ábhartha go léir ina leith sin a sholáthar do [cuir isteach ainm BC].

| (c) | Féadfaidh [cuir isteach ainm BC] aon ghníomhaíochtaí breise a dhéanamh lena n-áirítear cuntais rannpháirtithe a chur chun dochair agus a chreidiúnú chun cuntais na rannpháirtithe a thabhairt ar ais chuig an stádas a bhí acu roimh an athlonnú. |
| --- | --- |

(c)

Féadfaidh [cuir isteach ainm BC] aon ghníomhaíochtaí breise a dhéanamh lena n-áirítear cuntais rannpháirtithe a chur chun dochair agus a chreidiúnú chun cuntais na rannpháirtithe a thabhairt ar ais chuig an stádas a bhí acu roimh an athlonnú.

4.2.   Teipeanna nasctha le rannpháirtithe

| (a) | I gcás ina bhfuil saincheist nó fadhb ag sealbhóir T2S DCA a chuireann cosc air orduithe aistrithe airgid a shocrú i TARGET-[cuir isteach ainm Bc/tagairt tíre], réiteoidh sé an cheist nó an fhadhb trí úsáid a bhaint as a acmhainní féin. |
| --- | --- |

(a)

I gcás ina bhfuil saincheist nó fadhb ag sealbhóir T2S DCA a chuireann cosc air orduithe aistrithe airgid a shocrú i TARGET-[cuir isteach ainm Bc/tagairt tíre], réiteoidh sé an cheist nó an fhadhb trí úsáid a bhaint as a acmhainní féin.

| (b) | Má tá na modhanna réitigh dá dtagraítear i mír (a) ídithe nó mura leor iad, féadfaidh an rannpháirtí tacaíocht a iarraidh ón [cuir isteach ainm BC] agus soláthróidh [cuir isteach ainm BC] tacaíocht den sórt sin ar bhonn díchill. Cinnfidh [cuir isteach ainm BC] cén tacaíocht a thairgfidh sé don rannpháirtí. |
| --- | --- |

(b)

Má tá na modhanna réitigh dá dtagraítear i mír (a) ídithe nó mura leor iad, féadfaidh an rannpháirtí tacaíocht a iarraidh ón [cuir isteach ainm BC] agus soláthróidh [cuir isteach ainm BC] tacaíocht den sórt sin ar bhonn díchill. Cinnfidh [cuir isteach ainm BC] cén tacaíocht a thairgfidh sé don rannpháirtí.

---

FOSCRÍBHINN V

SCEIDEAL OIBRIÚCHÁIN TARGET

1.

Is é dáta luacha na n-idirbheart atá socraithe i TARGET an dáta luacha ar a bhfeidhmíonn an córas i gcónaí.

2.

Is laethanta gnó TARGET iad na laethanta ar fad seachas an Satharn, an Domhnach, Lá na Bliana Nua, Aoine an Chéasta (1), Luan Cásca (2), 1 Bealtaine, Lá Nollag, agus 26 Nollaig agus mar sin d’fhéadfadh gur dátaí luacha iad chun críche socraithe in TARGET.

3.

Feidhmítear cuntais theicniúla TIPS DCanna agus TIPS AS ar gach lá. Feidhmítear gach cineál cuntais eile gach lá seachas an Satharn, an Domhnach, Lá na Bliana Nua, Aoine an Chéasta (3), Luan Cásca (4), 1 Bealtaine, Lá Nollag, agus 26 Nollaig.

4.

Osclaítear lá gnó i rith tráthnóna an lae gnó roimh ré agus

5.

Is é an t-am tagartha don chóras an t-am áitiúil ag suíomh an BCE.

6.

| HH:MM | MCAnna | DCAnna RTGS (7) | DCAnna T2S | DCAnna TIPS (8) |
| --- | --- | --- | --- | --- |
| 18:45 (D-1) | Tús lae gnó:
  Athrú dáta luacha | Tús lae gnó:
  Athrú dáta luacha | Tús lae gnó:
  Athrú dáta luacha
  Ullmhú na socraíochta istoíche | Próiseáil orduithe íocaíochta meandraí agus orduithe aistrithe leachtachta chuig/ó chuntais theicniúla AS TIPS.
  Ní phóiseáltar aon aistrithe leachtachta idir DCAnna TIPS agus cuntais eile |
| 19:00 (D-1) | Socraíocht CBOnna
  Aisíoc iasachta imeallaí
  Aisíoc taiscí thar oíche
  Próiseáil orduithe aistrithe leachtachta uathoibrithe agus riailbhunaithe | | An spriocam chun fothaí sonraí CMS a ghlacadh
  Ullmhú na socraíochta istoíche | |
| 19:30 (D-1) | Socraíocht CBOanna Buanorduithe aistrithe leachtachta a phróiseáil
  Próiseáil orduithe aistrithe leachtachta láithreacha | Socraíocht orduithe aistrithe AS
  Próiseáil buanorduithe aistrithe leachtachta
  Próiseáil orduithe aistrithe leachtachta uathoibrithe, riailbhunaithe agus láithreacha | | Próiseáil orduithe íocaíochta meandraí agus orduithe aistrithe leachtachta ó/chuig MCAnna agus DCAnna RTGS |
| 20:00 (D-1) | | Timthriallta socraíochta istoíche | Próiseáil orduithe aistrithe leachtachta ó/chuig DCAnna T2S |
| 02:30
  (lá féilire tar éis D-1) | Ionú cothabhála neamhroghnach ar






  — | laethanta gnó tar éis laethanta dúnta lena n-áirítear gach lá gnó Luain |

HH:MM

MCAnna

DCAnna RTGS (7)

DCAnna T2S

DCAnna TIPS (8)

18:45 (D-1)

Tús lae gnó:

Athrú dáta luacha

Tús lae gnó:

Athrú dáta luacha

Tús lae gnó:

Athrú dáta luacha

Ullmhú na socraíochta istoíche

Próiseáil orduithe íocaíochta meandraí agus orduithe aistrithe leachtachta chuig/ó chuntais theicniúla AS TIPS.

Ní phóiseáltar aon aistrithe leachtachta idir DCAnna TIPS agus cuntais eile

19:00 (D-1)

Socraíocht CBOnna

Aisíoc iasachta imeallaí

Aisíoc taiscí thar oíche

Próiseáil orduithe aistrithe leachtachta uathoibrithe agus riailbhunaithe

An spriocam chun fothaí sonraí CMS a ghlacadh

Ullmhú na socraíochta istoíche

19:30 (D-1)

Socraíocht CBOanna Buanorduithe aistrithe leachtachta a phróiseáil

Próiseáil orduithe aistrithe leachtachta láithreacha

Socraíocht orduithe aistrithe AS

Próiseáil buanorduithe aistrithe leachtachta

Próiseáil orduithe aistrithe leachtachta uathoibrithe, riailbhunaithe agus láithreacha

Próiseáil orduithe íocaíochta meandraí agus orduithe aistrithe leachtachta ó/chuig MCAnna agus DCAnna RTGS

20:00 (D-1)

Timthriallta socraíochta istoíche

Próiseáil orduithe aistrithe leachtachta ó/chuig DCAnna T2S

02:30

(lá féilire tar éis D-1)

Ionú cothabhála neamhroghnach ar

—

laethanta gnó tar éis laethanta dúnta lena n-áirítear gach lá gnó Luain

Ionú cothabhála roghnach (más gá) ó 03:00 – 05:00 ar na laethanta atá fágtha

Ionú cothabhála neamhroghnach ar

| — | laethanta gnó tar éis laethanta dúnta lena n-áirítear gach lá gnó Luain |
| --- | --- |

—

laethanta gnó tar éis laethanta dúnta lena n-áirítear gach lá gnó Luain

Ionú cothabhála roghnach (más gá) ó 03:00 – 05:00 ar na laethanta atá fágtha

Ionú cothabhála neamhroghnach ar

| — | laethanta gnó tar éis laethanta dúnta lena n-áirítear gach lá gnó Luain |
| --- | --- |

—

laethanta gnó tar éis laethanta dúnta lena n-áirítear gach lá gnó Luain

Ionú cothabhála roghnach (más gá) ó 03:00 – 05:00 ar na laethanta atá fágtha (9)

Próiseáil orduithe íocaíochta meandraí agus orduithe aistrithe leachtachta chuig/ó chuntais theicniúla AS TIPS.

Ní phróiseáltar aon orduithe aistrithe leachtachta idir DCAnna TIPS agus cuntais eile

Am athoscailte* (D)

Socraíocht CBOnna

Próiseáil orduithe aistrithe leachtacha

riailbhunaithe uathoibrithe agus

láithreacha

Socraíocht orduithe aistrithe AS

Próiseáil orduithe aistrithe leachtachta uathoibrithe, riailbhunaithe agus láithreacha.

Orduithe custaiméirí agus idirbhainc a phróiseáil

Timthriallta socraíochta istoíche

Próiseáil orduithe íocaíochta meandraí agus orduithe aistrithe leachtachta chuig/ó chuntais theicniúla AS TIPS agus orduithe aistrithe leachtachta idir DCAnna TIPS agus cuntais eile.

05:00 (D)

Trádáil lae/Socraíocht fíor-ama (4):

Ullmhú do shocraíocht fíor-ama

Ionú páirt-shocraíochta páirtí (10)

16:00 (D)

Scoitham le haghaidh orduithe DvP

16:30 (D)

Aisíocaíocht uathoibríoch d’uathsholáthar urrúis chomhthaobhaigh, agus an scuab airgid roghnach ina dhiaidh sin

17:00 (D)

Scoitham le haghaidh orduithe íocaíochta ó chustaiméirí

17:40 (D)

Scoitham le haghaidh oibríochtaí bainistíochta cisteáin comhaontaithe déthaobhacha (BATM) agus scoith CBO

17:45 (D)

Scoitham le haghaidh orduithe um aistriú leachtachta chuig DCAnna T2S

Scoitham le haghaidh orduithe aistrithe leachtachta isteach

Orduithe aistrithe leachtachta ó DCAnna TIPS go DCAnna T2S a bhlocáil. Ní phróiseáiltear aon orduithe aistrithe leachtachta idir DCAnna T2S agus DCAnna TIPS le linn na tréimhse seo

18:00 (D)

Scoitham le haghaidh:

| — | Orduithe aistrithe leachtachta |
| --- | --- |

—

Orduithe aistrithe leachtachta

| — | CBOs, seachas saoráidí seasmhacha |
| --- | --- |

—

CBOs, seachas saoráidí seasmhacha

| — | modhnaithe ar línte creidmheasa |
| --- | --- |

—

modhnaithe ar línte creidmheasa

Scoitham le haghaidh:

| — | orduithe íocaíochta idirbhainc |
| --- | --- |

—

orduithe íocaíochta idirbhainc

| — | orduithe aistrithe leachtachta |
| --- | --- |

—

orduithe aistrithe leachtachta

| — | orduithe aistrithe AS |
| --- | --- |

—

orduithe aistrithe AS

Scoith FOP

Deireadh le próiseáil socraíochta T2S

Athchúrsáil agus glanadh

Tuairisciú agus ráitis dheireadh lae

Próiseáil orduithe íocaíochta meandraí agus orduithe aistrithe leachtachta chuig/ó chuntais theicniúla AS TIPS.

Próseáil orduithe aistrithe leachtachta ó DCAnna TIPS go MCA/RTGS agus go DCAnna T2S. Ní dhéantar aon orduithe aistrithe leachtachta idir DCAnna TIPS agus cuntais eile a phróiseáil le linn na tréimhse seo.

Go gairid i ndiaidh 18:00:

Athrú ar lá gnó (tar éis an teachtaireacht camt.019 a fháil ó MCA/RTGS)

Léiriú ar iarmhéideanna DCAnna TIPS agus tuairisciú deireadh lae

18:15 (D)

Scoith le haghaidh úsáide saoráidí seasmhacha

18:40 (D)

Scoitham le haghaidh iasachta immeallaí (BCNanna amháin)

Próiseáil deiridh lae

Féadfar na huaireanta oibríochta a athrú sa chás go nglactar bearta leanúnachais gnó i gcomhréir le Fhoscríbhinn IV. Ar an lá deiridh de thréimhse chothabhála chúlchiste an Eurochórais, tarlóidh na hamanna scoite 18:15, 18:40, 18:45, 19:00 agus 19:30 maidir le MCAnna agus DCAnna RTGS (chomh maith le cuntais theicniúla AS RTGS agus focuntais agus cuntais chistí ráthaíochta AS) 15 nóiméad níos déanaí.

Liosta de ghiorrúcháin agus nótaí leis an tábla seo:

Liosta de ghiorrúcháin agus nótaí leis an tábla seo:

| * | Amanna athoscailte: d’fhéadfadh go n-athróidh siad de réir na staide. Soláthraíonn an tOibreoir an fhaisnéis. |
| --- | --- |

*

Amanna athoscailte: d’fhéadfadh go n-athróidh siad de réir na staide. Soláthraíonn an tOibreoir an fhaisnéis.

| (D-1) | : | an lá gnó roimhe sin |
| --- | --- | --- |
| (D): l | : | á féilire = lá gnó = dáta luacha |
| CMS | : | Córas Bainistíochta Comhthaobhachta |
| Orduithe DvP | : | Seachadadh in aghaidh Orduithe Íocaíochta. |

(D-1)

:

an lá gnó roimhe sin

(D): l

:

á féilire = lá gnó = dáta luacha

CMS

:

Córas Bainistíochta Comhthaobhachta

Orduithe DvP

:

Seachadadh in aghaidh Orduithe Íocaíochta.

---

(1)  De réir an fhéilire is infheidhme ag suíomh an BCE.

1

(2)  De réir an fhéilire is infheidhme ag suíomh an BCE.

2

(3)  De réir an fhéilire is infheidhme ag suíomh an BCE.

3

(4)  De réir an fhéilire is infheidhme ag suíomh an BCE.

4

(5)  Baineann sé freisin le cuntais theicniúla RTGS AS, fo-chuntais agus cuntais chiste ráthaíochta AS.

5

(6)  De réir an fhéilire is infheidhme ag suíomh an BCE.

6

(7)  Baineann sé freisin le cuntais theicniúla RTGS AS, fo-chuntais agus cuntais chiste ráthaíochta AS.

7

(8)  De réir an fhéilire is infheidhme ag suíomh an BCE.

8

(9)  I gcás DCAnna T2S: chun críche an ionú cothabhála, measfar gur lá gnó é an 1 Bealtaine.

9

(10)  Tarlaíonn ionú páirtshocraíochta ag 08:00, 10:00, 12:00, 14:00 agus 15:30 (nó 30 nóiméad roimh thús am scoite DvP, cibé acu is túisce).

10

---

FOSCRÍBHINN VI

SCEIDEAL TÁILLÍ

1.   GINEARÁLTA

| 1. | Níl na seirbhísí seo a leanas san áireamh sna seirbhísí atá á dtairiscint ag [cuir isteach ainm BC] agus gearrfaidh na soláthraithe seirbhíse ábhartha orthu i gcomhréir lena dtéarmaí agus coinníollacha:






  (a) | seirbhísí a thairgeann NSPanna; |
| --- | --- | --- |

1.

(a)

seirbhísí a thairgeann NSPanna;

| (b) | seirbhísí T2S nach mbaineann le hairgead tirim. |
| --- | --- |

(b)

seirbhísí T2S nach mbaineann le hairgead tirim.

| 2. | Rannpháirtí ar mian leis a rogha scéime praghsála a athrú, cuirfidh sé é sin in iúl do [cuir isteach ainm BC] faoin bhfichiú lá féilire den mhí ionas gur féidir é a chur san áireamh don mhí ina dhiaidh sin. |
| --- | --- |

2.

2.   TAILLÍ LE HAGHAIDH SEALBHÓIRÍ MCAnna

| 1. | Ní thabhóidh MCAnna agus idirbhearta a shocrófar orthu táillí. |
| --- | --- |

1.

| 2. | [cuir isteach más infheidhme: Táille(í) do MCAnna comhbhainistithe] |
| --- | --- |

2.

3.   TÁILLÍ DO SHEALBHÓIRÍ DCAnna RTGS

| 1. | Roghnóidh sealbhóirí RTGS DCAnna ceann amháin den dá rogha praghsála seo a leanas:






  (a) | táille mhíosúil, chomh maith le táille seasta idirbhirt in aghaidh an ordaithe íocaíochta (iontráil dochair).








  Táille mhíosúil | | EUR 150 |
| --- | --- | --- | --- | --- |
| Táille idirbhirt in aghaidh an ordaithe íocaíochta | | EUR 0,80 |

1.

(a)

táille mhíosúil, chomh maith le táille seasta idirbhirt in aghaidh an ordaithe íocaíochta (iontráil dochair).

Táille mhíosúil

EUR 150

Táille idirbhirt in aghaidh an ordaithe íocaíochta

EUR 0,80

| (b) | táille mhíosúil, chomh maith le táille idirbhirt bunaithe ar mhéid na n-orduithe íocaíochta (iontráil dochair) agus arna ríomh ar bhonn carnach mar atá leagtha amach sa tábla seo a leanas. I gcás rannpháirtithe i ngrúpa billeála déanfar méid míosúil na n-orduithe íocaíochta (iontráil dochair) do na rannpháirtithe uile sa ghrúpa sin a chomhiomlánú.









  Táille mhíosúil | | EUR 1 875 |
| --- | --- | --- | --- |
| Méid míosúil na n-orduithe íocaíochta |
| Banda | Ó | Go | Táille idirbhirt in aghaidh an ordaithe íocaíochta (EUR) |
| 1. | 1 . | 10 000 | 0,60 |
| 2. | 10 001 | 25 000 | 0,50 |
| 3. | 25 001 | 50 000 | 0,40 |
| 4. | 50 001 | 75 000 | 0,20 |
| 5. | 75 001 | 100 000 | 0,125 |
| 6. | 100 001 | 150 000 | 0,08 |
| 7. | Thar 150 000 | | 0,05 |

(b)

táille mhíosúil, chomh maith le táille idirbhirt bunaithe ar mhéid na n-orduithe íocaíochta (iontráil dochair) agus arna ríomh ar bhonn carnach mar atá leagtha amach sa tábla seo a leanas. I gcás rannpháirtithe i ngrúpa billeála déanfar méid míosúil na n-orduithe íocaíochta (iontráil dochair) do na rannpháirtithe uile sa ghrúpa sin a chomhiomlánú.

Táille mhíosúil

EUR 1 875

Méid míosúil na n-orduithe íocaíochta

Banda

Ó

Go

Táille idirbhirt in aghaidh an ordaithe íocaíochta (EUR)

1.

1 .

10 000

0,60

2.

10 001

25 000

0,50

3.

25 001

50 000

0,40

4.

50 001

75 000

0,20

5.

75 001

100 000

0,125

6.

100 001

150 000

0,08

7.

Thar 150 000

0,05

| 2. | Beidh orduithe aistrithe leachtachta ó DCAnna RTGS chuig fochuntais, chuig MCAanna, chuig cuntais taisce thar oíche nó chuig DCAnna RTGS atá i seilbh an rannpháirtí céanna nó rannpháirtithe laistigh den ghrúpa baincéireachta céanna saor in aisce. |
| --- | --- |

2.

| 3. | Beidh muirear EUR 0.80 in aghaidh an idirbhirt (iontráil dochair) ar orduithe aistrithe leachtachta ó DCAnna RTGS nó chuig MCAnna nó chuig DCAnna RTGS atá i seilbh rannpháirtithe nach den ghrúpa baincéireachta céanna iad. |
| --- | --- |

3.

| 4. | Beidh orduithe aistrithe leachtachta ó DCAnna RTGS go DCAnna T2S nó chuig DCAnna TIPS saor in aisce. |
| --- | --- |

4.

| 5. | Ní dhéanfar orduithe aistrithe airgid ó DCA RTGS chuig cuntas AS (1) a mhuirearú ar shealbhóir RTGS DCA. |
| --- | --- |

5.

| 6. | Beidh feidhm ag na táillí seo a leanas maidir le sealbhóirí DCA RTGS:






  Seirbhís | Táille mhíosúil (EUR) |
| --- | --- | --- |
| BIC inteagmhála (comhfhreagraithe (2)) | 20 |
| BIC neamhfhoilsithe | 30 |
| Rochtain il-seoltaí (bunaithe ar BIC 8) | 80 |

6.

Seirbhís

Táille mhíosúil (EUR)

BIC inteagmhála (comhfhreagraithe (2))

20

BIC neamhfhoilsithe

30

Rochtain il-seoltaí (bunaithe ar BIC 8)

80

4.   TÁILLÍ MAIDIR LE AS A BHAINEANN ÚSÁID AS NÓSANNA IMEACHTA SOCRAÍOCHTA AS RTGS

Gearrtar táillí de réir an chórais choimhdigh beag beann ar líon agus ar chineál na gcuntas. Gearrfar táille in aghaidh gach córais ar Oibritheoirí AS a oibríonn níos mó ná córas amháin.

| 1. | Roghnóidh AS a úsáideann nósanna imeachta socraíochta AS RTGS nó ar deonaíodh eisceacht dóibh lena gceadaítear dóibh socrú a dhéanamh ar DCA RTGS ceann amháin den dá rogha praghsála seo a leanas:






  (a) | táille mhíosúil, chomh maith le táille seasta idirbhirt in aghaidh an ordaithe aistrithe airgid.








  Táille mhíosúil | | EUR 300 |
| --- | --- | --- | --- | --- |
| Táille idirbhirt in aghaidh an ordaithe aistrithe airgid | | EUR 1,60 |

1.

(a)

táille mhíosúil, chomh maith le táille seasta idirbhirt in aghaidh an ordaithe aistrithe airgid.

Táille mhíosúil

EUR 300

Táille idirbhirt in aghaidh an ordaithe aistrithe airgid

EUR 1,60

| (b) | táille mhíosúil, chomh maith le táille idirbhirt bunaithe ar mhéid na n-orduithe aistrithe airgid agus arna ríomh ar bhonn carnach mar atá leagtha amach sa tábla seo a leanas.









  Táille mhíosúil | | EUR 3 750 |
| --- | --- | --- | --- |
| Méid míosúil na n-orduithe aistrithe airgid |
| Banda | Ó | Chuig | Táille idirbhirt in aghaidh an ordaithe aistrithe airgid (EUR) |
| 1. | 1 . | 5 000 | 1,20 |
| 2. | 5 001 | 12 500 | 1,00 |
| 3. | 12 501 | 25 000 | 0,80 |
| 4. | 25 001 | 50 000 | 0,40 |
| 5. | Thar 50 000 | | 0,25 |

(b)

táille mhíosúil, chomh maith le táille idirbhirt bunaithe ar mhéid na n-orduithe aistrithe airgid agus arna ríomh ar bhonn carnach mar atá leagtha amach sa tábla seo a leanas.

Táille mhíosúil

EUR 3 750

Méid míosúil na n-orduithe aistrithe airgid

Banda

Ó

Chuig

Táille idirbhirt in aghaidh an ordaithe aistrithe airgid (EUR)

1.

1 .

5 000

1,20

2.

5 001

12 500

1,00

3.

12 501

25 000

0,80

4.

25 001

50 000

0,40

5.

Thar 50 000

0,25

Déanfar orduithe aistrithe airgid idir DCA RTGS agus cuntas AS (3)a mhuirearú ar an AS faoi seach de réir na rogha praghsála a roghnaigh an AS.

| 2. | I dteannta leis na táillí a leagtar amach thuas, beidh gach AS faoi réir dhá tháille sheasta mar atá leagtha amach sa tábla seo a leanas.














  A. | Táille sheasta I |
| --- | --- | --- |

2.

A.

Táille sheasta I

Táille mhíosúil in aghaidh an AS

EUR 2 000

| B. | Táille sheasta II (bunaithe ar bunuach comhlán (4)) |
| --- | --- |

B.

Táille sheasta II (bunaithe ar bunuach comhlán (4))

Méid (EUR milliúin in aghaidh an lae)

Táille bhliantúil (EUR)

Táille mhíosúil (EUR)

ó 0 go 999,99

10 000

833

ó 1 000 go 2 499,99

20 000

1 667

ó 2 500 go 4 999,99

40 000

3 334

ó 5 000 go 9 999,99

60 000

5 000

ó 10 000 go 49 999,99

80 000

6 666

ó 50 000 go 499 999,99

100 000

8 333

500 000 agus os a chionn

200 000

16 667

5.   TÁILLÍ MAIDIR LE SEALBHÓIRÍ DCA T2S

| 1. | Gearrfar na táillí seo a leanas as DCAnna T2S a oibriú:







  Ítim | Riail i bhfeidhm | Táille in aghaidh an ítime (EUR) |
| --- | --- | --- | --- |
| Orduithe aistrithe leachtachta idir DCAnna T2S | In aghaidh an aistrithe don DCA T2S curtha do dhochar. | 0,141 |
| Gluaiseachtaí laistigh den iarmhéid | Aon ghluaiseacht laistigh den iarmhéid a dhéantar go rathúil (i.e. blocáil, díbhlocáil, cúl-leachtacht, etc.). | 0,094 |
| Iarratais A2A | In aghaidh na hítime gnó laistigh de gach iarratas A2A a ghintear | 0,007 |
| Tuarascálacha A2A | In agahidh na hítime gnó laistigh de gach tuarascáil A2A a ghintear lena n-áirítear tuarascálacha A2A mar thoradh ar iarratais U2A. | 0,004 |
| Teachtaireachtaí cuachta i gcomhad | In aghaidh na teachtaireachta i ngach comhad ina bhfuil teachtaireachtaí cuachta | 0,004 |
| Tarchur | Déanfar gach tarchur in aghaidh páirtí T2S (idir isteach agus amach) a chomhaireamh agus muirear a ghearradh as (seachas teachtaireachtaí admhála teicniúla). | 0,012 |
| Iarratais U2A | Feidhm chuardaigh iarratais ar bith a rinneadh | 0,100 |
| Táille in aghaidh gach DCA T2S | Aon DCA T2S atá ann ag am ar bith le linn na tréimhse billeála míosúla
  Saor in aisce faoi láthair, le hathbhreithniú go tráthrialta. | 0,000 |
| Uathsholáthar urrúis chomhthaobhaigh | Uathsholáthar urrúis chomhthaobhaigh a eisiúint nó a thabhairt ar ais | 0,000 |

1.

Ítim

Riail i bhfeidhm

Táille in aghaidh an ítime (EUR)

Orduithe aistrithe leachtachta idir DCAnna T2S

In aghaidh an aistrithe don DCA T2S curtha do dhochar.

0,141

Gluaiseachtaí laistigh den iarmhéid

Aon ghluaiseacht laistigh den iarmhéid a dhéantar go rathúil (i.e. blocáil, díbhlocáil, cúl-leachtacht, etc.).

0,094

Iarratais A2A

In aghaidh na hítime gnó laistigh de gach iarratas A2A a ghintear

0,007

Tuarascálacha A2A

In agahidh na hítime gnó laistigh de gach tuarascáil A2A a ghintear lena n-áirítear tuarascálacha A2A mar thoradh ar iarratais U2A.

0,004

Teachtaireachtaí cuachta i gcomhad

In aghaidh na teachtaireachta i ngach comhad ina bhfuil teachtaireachtaí cuachta

0,004

Tarchur

Déanfar gach tarchur in aghaidh páirtí T2S (idir isteach agus amach) a chomhaireamh agus muirear a ghearradh as (seachas teachtaireachtaí admhála teicniúla).

0,012

Iarratais U2A

Feidhm chuardaigh iarratais ar bith a rinneadh

0,100

Táille in aghaidh gach DCA T2S

Aon DCA T2S atá ann ag am ar bith le linn na tréimhse billeála míosúla

Saor in aisce faoi láthair, le hathbhreithniú go tráthrialta.

0,000

Uathsholáthar urrúis chomhthaobhaigh

Uathsholáthar urrúis chomhthaobhaigh a eisiúint nó a thabhairt ar ais

0,000

| 2. | Beidh orduithe aistrithe leachtachta ó DCA T2S chuig DCA RTGS, DCA TIPS nó MCA saor in aisce. |
| --- | --- |

2.

6.   TÁILLÍ DO SHEALBHÓIRÍ DCA TIPS

| 1. | Déanfar táillí le haghaidh oibriú DCAnna TIPS a mhuirearú ar an bpáirtí a luaitear mar a thaispeántar sa tábla seo a leanas:







  Ítim | Riail i bhfeidhm | Táille in aghaidh na hítime (EUR) |
| --- | --- | --- | --- |
| Ordú íocaíochta meandraí socraithe | Páirtí a bheidh le muirearú: úinéir an DCA TIPS le cur do dhochar | 0,002 |
| Ordú íocaíochta meandraí neamhshocraithe | An páirtí a bheidh le muirearú: úinéir an DCA TIPS le cur do dhochar | 0,002 |
| Freagra dearfach aisghairme socraithe | Páirtí a bheidh le muirearú: úinéir an DCA TIPS a chur chun sochair | 0,002 |
| Freagra dearfach aisghairme neamhshocraithe | Páirtí a bheidh le muirearú: úinéir an DCA TIPS le cur chun sochair | 0,002 |

1.

Ítim

Riail i bhfeidhm

Táille in aghaidh na hítime (EUR)

Ordú íocaíochta meandraí socraithe

Páirtí a bheidh le muirearú: úinéir an DCA TIPS le cur do dhochar

0,002

Ordú íocaíochta meandraí neamhshocraithe

An páirtí a bheidh le muirearú: úinéir an DCA TIPS le cur do dhochar

0,002

Freagra dearfach aisghairme socraithe

Páirtí a bheidh le muirearú: úinéir an DCA TIPS a chur chun sochair

0,002

Freagra dearfach aisghairme neamhshocraithe

Páirtí a bheidh le muirearú: úinéir an DCA TIPS le cur chun sochair

0,002

| 2. | Orduithe aistrithe leachtachta ó DCAnna TIPS chuig: MCAnna; DCAnna RTGS; fochuntais; cuntais taisce thar oíche; cuntais theicniúla AS TIPS; agus beidh DCAnna T2S saor in aisce. |
| --- | --- |

2.

7.   TÁILLÍ MAIDIR LE AS A BHAINEANN ÚSÁID AS NÓSANNA IMEACHTA SOCRAÍOCHTA TIPS

| 1. | Déanfar táillí as úsáid a bhaint as nós imeachta socraíochta AS TIPS ag AS a mhuirearú ar an bpáirtí a luaitear mar a thaispeántar sa tábla seo a leanas:







  Ítim | Riail i bhfeidhm | Táille in aghaidh na hítime (EUR) |
| --- | --- | --- | --- |
| Ordú íocaíochta meandraí socraithe | Páirtí a bheidh le muirearú: úinéir an gcuntais teicnicúla AS le cur do dhochar | 0,002 |
| Ordú íocaíochta meandraí neamhshocraithe | Páirtí a bheidh le muirearú: úinéir an gcuntais teicnicúla AS le cur do dhochar | 0,002 |
| Freagra dearfach aisghairme socraithe | Páirtí a bheidh le muirearú: úinéir an gcuntais teicnicúla AS le cur chun sochair | 0,002 |
| Freagra dearfach aisghairme neamhshocraithe | Páirtí a bheidh le muirearú: úinéir an gcuntais teicnicúla AS le cur chun sochair | 0,002 |

1.

Ítim

Riail i bhfeidhm

Táille in aghaidh na hítime (EUR)

Ordú íocaíochta meandraí socraithe

Páirtí a bheidh le muirearú: úinéir an gcuntais teicnicúla AS le cur do dhochar

0,002

Ordú íocaíochta meandraí neamhshocraithe

Páirtí a bheidh le muirearú: úinéir an gcuntais teicnicúla AS le cur do dhochar

0,002

Freagra dearfach aisghairme socraithe

Páirtí a bheidh le muirearú: úinéir an gcuntais teicnicúla AS le cur chun sochair

0,002

Freagra dearfach aisghairme neamhshocraithe

Páirtí a bheidh le muirearú: úinéir an gcuntais teicnicúla AS le cur chun sochair

0,002

| 2. | Beidh orduithe aistrithe leachtachta ó chuntais theicniúla TIPS AS go TIPS DCAnna saor in aisce |
| --- | --- |

2.

| 3. | I dteannta na dtáillí atá leagtha amach thuas, beidh gach AS faoi réir táille mhíosúil bunaithe ar ollmhéid bhunúsach na n-íocaíochtaí meandracha, íocaíochtaí beagnach meandracha agus na bhfreagraí dearfacha aisghairme arna socrú in ardán an AS féin agus arna chumasú ag na suíomhanna réamh-mhaoinithe ar chuntas theicniúil TIPS AS. EUR 0.0005 a bheidh sa táille in aghaidh na híocaíochta meandraí socraithe, íocaíochtaí beagnach meandracha nó in aghaidh an fhreagra dhearfaigh socraithe I gcás gach míosa, tuairisceoidh gach AS ar ollmhéid bhunúsach a íocaíochtaí meandracha socraithe, íocaíochtaí beagnach meandracha agus a fhreagraí dearfacha aisghairme socraithe arna slánú síos go dtí an deich míle is gaire, faoin tríú lá gnó den mhí dár gcionn ar a dhéanaí. Cuirfear an ollmhéid bhunúsach thuairiscithe i bhfeidhm faoin ag [cuir isteach ainm BC] chun an táille don mhí dár gcionn a ríomh. |
| --- | --- |

3.

---

(1)  Is cuma cé acu DCA RTGS, cuntas teicniúil AS RTGS nó cuntas cistí ráthaíochta AS é.

(2)  Tá sealbhóirí BICanna inteagmhálacha ar fáil do chineálacha éagsúla rannpháirtithe: sealbhóir BIC inteagmhála – Comhfhreagraí; sealbhóirBIC inteagmhála – Brainse na Rannpháirtithe; agus sealbhóir BIC inteagmhála – Brainse an chomhfhreagraí. Ní thabhófar an táille ach amháin ar an sealbhóir BIC inteagmhála – cineál rannpháirtíochta comhfhreagraí. Gearrfar an táille ar gach BIC11 éagsúil.

(3)  Is cuma cé acu DCA RTGS, cuntas teicniúil ASRTGS nó Cuntas cistí ráthaíochta AS é.

(4)  Is ionann an “bunluach comhlán” agus méid iomlán na n-olloibleagáidí airgeadaíochta a urscaoiltear trí AS tar éis socraíochta a dhéanamh ar DCA RTGS nó ar fho-chuntas. Maidir le CPLanna, is é an bunluach comhlán luach barúlach iomlán na gconarthaí todhchaí nó luach marcála ón margadh na gconarthaí todhchaí, ag luachanna a bheidh le socrú nuair a théann conarthaí todhchaíochtaí in éag agus nuair a chuirtear coimisiún i bhfeidhm.

---

FOSCRÍBHINN VII

CEANGLAIS MAIDIR LE BAINISTIÚ SLÁNDÁLA FAISNÉISE AGUS BAINISTÍÚ LEANÚNACHAIS GNÓ

SEALBHÓIRÍ MCA, SEALBHÓIRÍ DCA T2S AGUS SEALBHÓIRÍ DCA TIPS

Ní bheidh feidhm ag aon cheanglais maidir le bainistiú slándála faisnéise nó bainistiú leanúnachais gnó maidir le sealbhóirí MCA, sealbhóirí T2S DCA agus sealbhóirí TIPS DCA.

Sealbhóirí DCA RTGS AGUS AS

Beidh feidhm ag na ceanglais atá leagtha amach i roinn 1 den Fhoscríbhinn VII seo (bainistíocht slándála faisnéise) maidir le gach sealbhóir RTGS DCA agus AS, ach amháin i gcás ina léiríonn sealbhóir RTGS DCA nó AS nach bhfuil ceanglas sonrach infheidhme maidir leis. Agus raon feidhme chur i bhfeidhm na gceanglas laistigh dá bhonneagar á bhunú, ba cheart don rannpháirtí na heilimintí atá mar chuid den Slabhra Idirbhearta Íocaíochta (PTC) a shainaithint. Go sonrach, tosaíonn an PTC ag Pointe Iontrála (PoE), i.e. córas a bhaineann le hidirbhearta a chruthú (m.sh. stáisiúin oibre, feidhmchláir oifige tosaigh agus cúloifige, meánearraí), agus críochnaíonn sé ag an gcóras atá freagrach as an teachtaireacht a sheoladh chuig an NSP.

Beidh feidhm ag na ceanglais atá leagtha amach i roinn 2 den Fhoscríbhinn VII seo (bainistíocht leanúnachais gnó) maidir le sealbhóirí RTGS DCA agus AS a ainmnítear ag an Eurochóras mar cheanglais ríthábhachtach d’fheidhmiú rianúil chóras TARGET ar bhonn critéar a nuashonraítear go tréimhsiúil agus a fhoilseofar ar shuíomh gréasáin an BCE.

1.   Bainistiú slándála faisnéise

Ceanglas 1.1: Beartas slándála faisnéise

Socróidh an bhainistíocht treoir beartais shoiléir i gcomhréir le cuspóirí gnó agus léireoidh siad tacaíocht agus tiomantas don tslándáil faisnéise trí bheartas slándála faisnéise a eisiúint, a fhormheas agus a chothabháil arb é is aidhm dó slándáil faisnéise agus cibear-athléimneacht a bhainistiú ar fud na heagraíochta i dtéarmaí sainaitheantais, measúnú agus láimhseáil rioscaí slándála faisnéise agus cibear-athléimneachta. Ba cheart go mbeadh na ranna seo a leanas ar a laghad sa bheartas: cuspóirí, raon feidhme (lena n-áirítear réimsí amhail eagrú, acmhainní daonna, bainistíocht sócmhainní etc.), prionsabail agus leithdháileadh freagrachtaí.

Ceanglas 1.2: Eagraíocht inmheánach

Bunófar creat slándála faisnéise chun an beartas slándála faisnéise a chur chun feidhme laistigh den eagraíocht. Déanfaidh an bhainistíocht bunú an chreata slándála faisnéise a chomhordú agus a athbhreithniú chun cur chun feidhme an bheartais um shlándáil faisnéise a áirithiú (de réir Ceanglas 1.1) ar fud na heagraíochta, lena n-áirítear leithdháileadh acmhainní leordhóthanacha agus sannadh freagrachtaí slándála chun na críche seo.

Ceanglas 1.3: Páirtithe seachtracha

Níor cheart slándáil shaoráidí próiseála faisnéise agus faisnéise na heagraíochta a laghdú trí thabhairt isteach agus/nó spleáchas ar pháirtí/páirtithe seachtracha nó ar tháirgí/seirbhísí a sholáthraíonn siad. Déanfar aon rochtain ar shaoráidí próiseála faisnéise na heagraíochta ag páirtithe seachtracha a rialú. Nuair a cheanglaítear ar pháirtithe seachtracha nó ar tháirgí/seirbhísí páirtithe seachtracha rochtain a fháil ar shaoráidí próiseála faisnéise na heagraíochta, déanfar measúnú riosca chun na himpleachtaí slándála agus na ceanglais rialaithe a chinneadh. Déanfar rialuithe a chomhaontú agus a shainiú i gcomhaontú le gach páirtí seachtrach ábhartha.

Ceanglas 1.4: Bainistíocht sócmhainní

Déanfar cuntas ar na sócmhainní faisnéise uile, na próisis ghnó agus na córais faisnéise bhunúsacha, amhail córais oibriúcháin, bonneagair, feidhmchláir ghnó, táirgí atá le ceannach i siopa, seirbhísí agus feidhmchláir arna bhforbairt ag úsáideoirí, atá faoi raon feidhme an tSlabhra Idirbhearta Íocaíochta agus úinéir ainmnithe a bheith acu. Sannfar an fhreagracht as rialuithe iomchuí sna próisis ghnó agus sna comhpháirteanna TF gaolmhara a chothabháil agus a oibriú chun na sócmhainní faisnéise a chosaint. Nóta: is féidir leis an úinéir cur chun feidhme rialuithe sonracha a tharmligean de réir mar is cuí, ach fanfaidh sé de bheith freagrach as cosaint chuí na sócmhainní.

Ceanglas 1.5: Aicmiú sócmhainní faisnéise

Aicmeofar sócmhainní faisnéise de réir a gcriticiúlacht do sholáthar rianúil na seirbhíse ag an rannpháirtí. Léireoidh an t-aicmiú an gá, na tosaíochtaí agus an méid cosanta is gá agus an tsócmhainn faisnéise á láimhseáil sna próisis ghnó ábhartha agus cuirfear san áireamh freisin na comhpháirteanna TF bunúsacha. Úsáidfear scéim um aicmiú sócmhainní faisnéise arna formheas ag an mbainistíocht chun sraith iomchuí rialuithe cosanta a shainiú ar feadh shaolré na sócmhainní faisnéise (lena n-áirítear baint agus scriosadh sócmhainní faisnéise) agus chun an gá atá le bearta sonracha láimhseála a chur in iúl.

Ceanglas 1.6: Slándáil acmhainní daonna

Tabharfar aghaidh ar fhreagrachtaí slándála roimh fhostaíocht i dtuairiscí leordhóthanacha ar phoist agus i dtéarmaí agus coinníollacha fostaíochta. Déanfar scagadh imleor ar gach iarrthóir ar fhostaíocht, ar chonraitheoir agus ar úsáideoirí tríú páirtí, go háirithe maidir le poist íogaire. Síneoidh fostaithe, conraitheoirí agus úsáideoirí tríú páirtí na saoráidí próiseála faisnéise comhaontú maidir lena róil agus a bhfreagrachtaí slándála. Áiritheofar leibhéal leordhóthanach feasachta i measc na bhfostaithe, na gconraitheoirí agus na n-úsáideoirí tríú páirtí go léir, agus cuirfear oideachas agus oiliúint ar nósanna imeachta slándála agus úsáid cheart áiseanna próiseála faisnéise ar fáil dóibh chun rioscaí slándála féideartha a íoslaghdú. Bunófar próiseas foirmiúil araíonachta le haghaidh fostaithe chun déileáil le sáruithe slándála. Beidh freagrachtaí i bhfeidhm chun a áirithiú go ndéanfar imeacht an fhostaí, an chonraitheora nó an úsáideora tríú páirtí ón eagraíocht nó a n-aistriú laistigh den eagraíocht a bhainistiú, agus go dtabharfar an trealamh ar fad ar ais agus go gcuirfear deireadh le gach ceart rochtana.

Ceanglas 1.7: Slándáil fhisiceach agus chomhshaoil

Déanfar saoráidí próiseála faisnéise criticiúla nó íogair a lonnú i limistéir shlána, arna gcosaint ag paraiméadair slándála sainithe, le bacainní slándála agus rialuithe iontrála iomchuí. Beidh siad cosanta go fisiciúil ó rochtain neamhúdaraithe, damáiste agus cur isteach. Ní dheonófar rochtain ach do dhaoine aonair a thagann faoi raon feidhme Cheanglas 1.6. Bunófar nósanna imeachta agus caighdeáin chun meáin fhisiceacha ina bhfuil sócmhainní faisnéise a chosaint agus iad ar idirthuras.

Déanfar trealamh a chosaint ar bhagairtí fisiceacha agus comhshaoil. Tá gá le trealamh a chosaint (lena n-áirítear trealamh a úsáidtear lasmuigh den láthair) agus le cosaint ar bhaint réadmhaoine chun an riosca a bhaineann le rochtain neamhúdaraithe ar fhaisnéis a laghdú agus chun cosaint a thabhairt in aghaidh caillteanas nó damáiste trealaimh nó faisnéise. D’fhéadfadh go mbeadh gá le bearta speisialta chun cosaint a thabhairt ar bhagairtí fisiceacha agus chun saoráidí tacaíochta a chosaint ar nós an tsoláthair leictreachais agus an bhonneagair cáblaithe.

Ceanglas 1.8: Bainistíocht oibríochtaí

Bunófar freagrachtaí agus nósanna imeachta maidir le bainistiú agus oibriú na n-áiseanna próiseála faisnéise a chumhdóidh na córais bhunúsacha uile sa Slabhra Idirbhearta Íocaíochta ó cheann-go-ceann.

Maidir le nósanna imeachta oibriúcháin, lena n-áirítear riarachán teicniúil na gcóras TF, cuirfear chun feidhme leithscaradh dualgas, i gcás inarb iomchuí, chun an riosca go ndéanfaí mí-úsáid fhaillíoch nó d’aon ghnó córais a laghdú. I gcás nach féidir leithscaradh dualgas a chur chun feidhme ar chúiseanna oibiachtúla doiciméadaithe, cuirfear rialuithe cúitimh chun feidhme tar éis anailís riosca fhoirmiúil. Bunófar rialuithe chun tabhairt isteach cód mailíseach do chórais sa Slabhra Idirbhearta Íocaíochta a chosc agus a bhrath. Bunófar rialuithe freisin (lena n-áirítear feasacht úsáideoirí) chun cód mailíseach a chosc, a bhrath agus a bhaint. Ní úsáidfear cód móibíleach ach ó fhoinsí iontaofa (m.sh. comhpháirteanna Microsoft COM sínithe agus Feidhmchláiríní Java). Déanfar cumraíocht an bhrabhsálaí (m.sh. úsáid síntí agus breiseán) a rialú go docht.

Déanfaidh an bhainistíocht beartais um chúltaca sonraí agus aisghabhála sonraí a chur chun feidhme; áireofar leis na beartais aisghabhála sin plean den phróiseas athshlánaithe a thástáiltear go tráthrialta uair sa bhliain ar a laghad.

Déanfar faireachán ar chórais atá criticiúil do shlándáil íocaíochtaí agus déanfar imeachtaí a bhaineann le slándáil faisnéise a thaifeadadh. Úsáidfear logaí oibreoirí chun a áirithiú go sainaithneofar fadhbanna córais faisnéise. Déanfar logaí oibreoirí a athbhreithniú go tráthrialta ar bhonn samplach, bunaithe ar chriticiúlacht na n-oibríochtaí. Úsáidfear faireachán córais chun éifeachtacht na rialuithe a shainaithnítear mar rialuithe criticiúla do shlándáil íocaíochtaí a sheiceáil agus chun comhréireacht le samhail beartais rochtana a fhíorú.

Bunófar malartuithe faisnéise idir eagraíochtaí ar bheartas malartaithe foirmiúil, a dhéanfar i gcomhréir le comhaontuithe malairte idir na páirtithe lena mbaineann agus comhlíonfaidh siad aon reachtaíocht ábhartha. Ní mór comhpháirteanna bogearraí tríú páirtí a úsáidtear i malartú faisnéise le TARGET (m.sh. bogearraí a fhaightear ó Bhiúró Seirbhíse) a úsáid faoi chomhaontú foirmiúil leis an tríú páirtí.

Ceanglas 1.9: Rialú rochtana

Beidh údar maith le rochtain ar shócmhainní faisnéise ar bhonn ceanglas gnó (riachtanas eolais (1)) agus de réir chreat bunaithe na mbeartas corparáideach (lena n-áirítear an beartas slándála faisnéise). Déanfar rialacha soiléire um rialú rochtana a shainiú a mbeidh bunaithe ar phrionsabal an údaráis is lú (2) chun riachtanais na bpróiseas gnó agus TF comhfhreagrach a léiriú go dlúth. I gcás inar iomchuí, (e.g. le haghaidh bainistíochta cúltaca) ba cheart go mbeadh rialú rochtana loighciúil comhsheasmhach le rialú rochtana fisiceach ach amháin má tá rialuithe cúiteacha leordhóthanacha i bhfeidhm (m.sh. criptiú, anaithnidiú sonraí pearsanta).

Beidh nósanna imeachta foirmiúla agus doiciméadaithe i bhfeidhm chun leithdháileadh na gceart rochtana ar chórais faisnéise agus ar sheirbhísí a thagann faoi raon feidhme an tSlabhra Idirbhearta Íocaíochta a rialú. Cumhdóidh na nósanna imeachta gach céim de shaolré rochtana na n-úsáideoirí, ó thúschlárú úsáideoirí nua go dtí díchlárú deiridh na n-úsáideoirí nach dteastaíonn rochtain uathu a thuilleadh.

Tabharfar aird ar leith, i gcás inarb iomchuí, ar chearta rochtana a leithdháileadh a bhfuil an méid sin criticiúlachta ag baint leo go bhféadfadh drochthionchar mór a bheith mar thoradh ar mhí-úsáid na gceart rochtana sin ar oibríochtaí an rannpháirtí (e.g. cearta rochtana lena gceadaítear riarachán córais, rialuithe córais a shárú, rochtain dhíreach ar shonraí gnó).

Cuirfear rialuithe iomchuí i bhfeidhm chun úsáideoirí a shainaithint, a fhíordheimhniú agus a údarú ag pointí sonracha i líonra na heagraíochta, e.g. le haghaidh rochtana áitiúla agus cianrochtana ar chórais sa Slabhra Idirbhearta Íocaíochta. Ní roinnfear cuntais phearsanta chun cuntasacht a áirithiú.

Maidir le pasfhocail, déanfar rialacha a bhunú agus a fhorghníomhú le rialuithe sonracha chun a áirithiú nach féidir pasfhocail a thomhas go héasca, e.g. rialacha castachta agus bailíocht ama teoranta. Bunófar prótacal sábháilte um aisghabháil pasfhocail agus/nó athshocrú.

Déanfar beartas a fhorbairt agus a chur chun feidhme maidir le húsáid rialuithe cripteagrafacha chun rúndacht, barántúlacht agus sláine na faisnéise a chosaint. Bunófar beartas um bhainistiú eochracha chun tacú le húsáid rialuithe cripteagrafacha.

Beidh beartas ann chun faisnéis rúnda a fheiceáil ar scáileán nó i gcló (m.sh. scáileán soiléir, polasaí deisce glaine) chun an riosca a bhaineann le rochtain neamhúdaraithe a laghdú.

Le linn oibriú go cianda, cuirfear san áireamh na rioscaí a bhaineann le hobair i dtimpeallacht nach bhfuil cosanta agus cuirfear rialuithe teicniúla agus eagraíochtúla iomchuí i bhfeidhm.

Ceanglas 1.10: Fáil, forbairt agus cothabháil córais faisnéise

Déanfar ceanglais slándála a shainaithint agus a chomhaontú sula ndéanfar córais faisnéise a fhorbairt agus/nó a chur chun feidhme.

Déanfar rialuithe iomchuí a fhí isteach i bhfeidhmchláir, lena n-áirítear feidhmchláir arna bhforbairt ag úsáideoirí, chun próiseáil cheart a áirithiú. Áireofar leis na rialuithe sin bailíochtú sonraí ionchuir, próiseáil inmheánach agus sonraí aschuir. D’fhéadfadh go mbeadh gá le rialuithe breise do chórais a phróiseálann, nó a mbíonn tionchar acu ar fhaisnéis íogair, luachmhar nó chriticiúil. Cinnfear rialuithe den sórt sin ar bhonn ceanglas slándála agus measúnú riosca de réir na mbeartas bunaithe (e.g. beartas slándála faisnéise, beartas rialaithe cripteagrafach).

Déanfar ceanglais oibríochtúla córas nua a bhunú, a dhoiciméadú agus a thástáil sula nglacfar leo agus sula n-úsáidfear iad. Maidir le slándáil gréasáin, ba cheart rialuithe iomchuí, lena n-áirítear deighilt agus bainistiú slán, a chur chun feidhme bunaithe ar chriticiúlacht sreafaí sonraí agus ar leibhéal riosca na gcriosanna líonra san eagraíocht. Beidh rialuithe sonracha ann chun faisnéis íogair a théann thar líonraí poiblí a chosaint.

Déanfar rochtain ar chomhaid chórais agus ar chód foinse an chláir a rialú agus déanfar tionscadail TF agus gníomhaíochtaí tacaíochta a sheoladh ar bhealach slán. Tabharfar aire chun nochtadh sonraí íogaire i dtimpeallachtaí tástála a sheachaint. Déanfar timpeallachtaí tionscadail agus tacaíochta a rialú go docht. Déanfar úsáid athruithe ar tháirgeadh a rialú go docht. Déanfar measúnú riosca ar na mórathruithe a bheidh le déanamh sa táirgeadh.

Déanfar gníomhaíochtaí rialta tástála um shlándáil na gcóras táirgthe freisin de réir plean réamhshainithe a bheidh bunaithe ar thoradh measúnaithe riosca, agus áireofar sa tástáil slándála, ar a laghad, measúnuithe leochaileachta. Déanfar na heasnaimh go léir a léireofar le linn na ngníomhaíochtaí tástála slándála a mheasúnú agus ullmhófar pleananna gníomhaíochta chun aon bhearna shainaitheanta a dhúnadh agus déanfar bearta leantacha orthu go tráthúil.

Ceanglas 1.11: Slándáil faisnéise i gcaidrimh soláthraithe
   (3)

Chun a áirithiú go gcosnófar córais faisnéise inmheánacha an rannpháirtí a bhfuil rochtain ag soláthraithe orthu, déanfar ceanglais slándála faisnéise a dhoiciméadú agus a chomhaontú go foirmiúil leis an soláthraí chun na rioscaí a bhaineann le rochtain an tsoláthraí a mhaolú.

Ceanglas 1.12: Bainistíocht ar theagmhais slándála faisnéise agus feabhsuithe

Chun cur chuige comhsheasmhach agus éifeachtach a áirithiú maidir le teagmhais slándála faisnéise a bhainistiú, lena n-áirítear cumarsáid maidir le teagmhais slándála agus laigí slándála, bunófar róil, freagrachtaí agus nósanna imeachta, ar an leibhéal gnó agus teicniúil, agus déanfar iad a thástáil chun a áirithiú go ndéanfar aisghabháil tapa, éifeachtach, ordúil agus sábháilte ó theagmhais slándála faisnéise lena n-áirítear cásanna a bhaineann le cúis chibear-ghaolmhar (e.g. calaois arna saothrú ag ionsaitheoir seachtrach nó trí chos istigh). c

Ceanglas 1.13: Athbhreithniú ar chomhlíonadh teicniúil

Déanfar córais faisnéise inmheánacha rannpháirtí (e.g. córais chúloifige, líonraí inmheánacha agus nascacht gréasáin sheachtrach) a mheasúnú go rialta chun go gcomhlíontar creat beartas seanbhunaithe na heagraíochta (e.g. beartas slándála faisnéise, beartas rialaithe cripteagrafach).

Ceanglas 1.14: Fíorúlú

Comhlíonfaidh aoi-innill fíorúla na rialuithe slándála go léir a shocraítear do chrua-earraí agus córais fhisiceacha (m.sh. cruaite, logáil). Ní mór na nithe seo a leanas a áireamh sna rialuithe a bhaineann le hipearscáthláin: cruachan an hipearscáthláin agus an chórais oibriúcháin óstaigh, paisteáil rialta, deighilt dhian ar thimpeallachtaí éagsúla (m.sh. táirgeadh agus forbairt). Déanfar bainistiú láraithe, logáil agus faireachán mar aon le bainistiú ar chearta rochtana, go háirithe maidir le cuntais ardphribhléideacha, a chur chun feidhme ar bhonn measúnú riosca. Beidh próifíl riosca comhchosúil ag aoi-innill arna mbainistiú ag an hipearscáthlán céanna.

Ceanglas 1.15: Néalríomhaireacht

Ní mór úsáid réiteach poiblí agus/nó néil hibrideacha sa Slabhra Idirbhearta Íocaíochta a bheith bunaithe ar mheasúnú riosca foirmiúil, agus na rialuithe teicniúla agus na clásail chonarthacha a bhaineann leis an néalréiteach a chur san áireamh.

Má úsáidtear réitigh néil hibrideacha, tuigtear gurb é leibhéal criticiúlachta an chórais iomláin an ceann is airde de na córais nasctha. Ní mór gach comhpháirt de na réitigh hibrideacha san áitreabh a scaradh ó na córais eile san áitreabh.

2.   Bainistíocht leanúnachais gnó

Baineann na ceanglais seo a leanas le bainistíocht leanúnachais gnó. Beidh straitéis leanúnachais gnó i bhfeidhm ag gach rannpháirtí TARGET arna ainmniú ag an Eurochóras mar rannpháirtí ríthábhachtach maidir le feidhmiú rianúil chóras TARGET a chomhlíonfaidh na ceanglais seo a leanas.

Ceanglas 2.1:

Forbrófar pleananna leanúnachais gnó agus beidh nósanna imeachta i bhfeidhm chun iad a chothabháil.

Ceanglas 2.2:

Beidh láithreán oibriúcháin eile ar fáil.

Ceanglas 2.3:

Beidh próifíl riosca an láithreáin mhalartaigh difriúil ó phróifíl riosca an láithreáin phríomha, chun nach ndéanfaidh an teagmhas céanna difear don dá shuíomh ag an am céanna. Mar shampla, beidh an láithreán malartach ar eangach fuinnimh agus ar chiorcad lárnach teileachumarsáide atá difriúil ó na cinn atá sa phríomhshuíomh gnó.

Ceanglas 2.4:

I gcás suaitheadh oibriúcháin mhór a fhágann nach mbeidh rochtain ar an bpríomhláithreán agus/nó nach mbeidh an fhoireann chriticiúil ar fáil, beidh an rannpháirtí criticiúil in ann gnáthoibríochtaí a atosú ón suíomh malartach, áit a mbeifear in ann an lá gnó a dhúnadh i gceart agus oscailt an lá/na laethanta dar gcionn.

Ceanglas 2.5:

Beidh nósanna imeachta i bhfeidhm chun a áirithiú go dtosófar ar phróiseáil na n-idirbheart ón suíomh malartach laistigh de thréimhse ama réasúnach tar éis suaitheadh tosaigh na seirbhíse agus atá i gcomhréir le criticiúlacht an ghnó ar cuireadh isteach air.

Ceanglas 2.6:

Déanfar tástáil ar an gcumas chun déileáil le suaitheadh oibriúcháin uair amháin sa bhliain ar a laghad agus cuirfear oiliúint chuí ar an bhfoireann chriticiúil. Ní rachaidh an uastréimhse idir tástálacha thar aon bhliain amháin.

---

(1)  Tagraíonn an phrionsabail eolas ar bhonn riachtanais d’aithint na sraithe faisnéise a bhfuil rochtain ag teastáil ó dhuine aonair chun a c(h)uid dualgas a chomhlíonadh.

(2)  Tagraíonn prionsabal an údaráis is lú do phróifíl rochtana duine a chur in oiriúint do chóras TF chun teacht leis an ról gnó comhfhreagrach.

(3)  Ba cheart soláthróir i gcomhthéacs an chleachtaidh seo a thuiscint mar aon tríú páirtí (agus a phearsanra) atá faoi chonradh (comhaontú), leis an institiúid, chun seirbhís a sholáthar agus faoin gcomhaontú seirbhíse tugtar rochtain, go cianda nó ar an láthair, don tríú páirtí (agus dá phearsanra) ar fhaisnéis agus/nó ar chórais faisnéise agus/nó ar shaoráidí próiseála faisnéise na hinstitiúide atá faoi raon feidhme nó a bhaineann leis an raon feidhme a chumhdaítear faoin gcleachtadh den fhéindheimhniú TARGET.

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IARSCRÍBHINN II

SOCRUITHE RIALACHAIS TARGET

| Leibhéal 1 — Comhairle Rialaithe | Leibhéal 2 — Comhlacht bainistíochta teicniúil agusoibríochtúil | Leibhéal 3 — BCNanna Leibhéal 3 |
| --- | --- | --- |
| 1. | Forálacha ginearálta |

Leibhéal 1 — Comhairle Rialaithe

Leibhéal 2 — Comhlacht bainistíochta teicniúil agusoibríochtúil

Leibhéal 3 — BCNanna Leibhéal 3

1.

Inniúlacht deiridh i ndáil le gach saincheist TARGET, go háirithe na rialacha maidir le cinnteoireacht i TARGET, agus freagrach as feidhm phoiblí TARGET a chosaint

Tascanna teicniúla, feidhmiúla oibríochtúla agus bainistíochta airgeadais a dhéanamh i ndáil le TARGET agus na rialacha maidir le rialachas arna gcinneadh ag Leibhéal 1 a chur chun feidhme.

Cinntí a dhéanamh maidir le reáchtáil laethúil TARGET a bheidh bunaithe ar na leibhéil seirbhíse a shainítear sa chomhaontú dá dtagraítear in Airteagal 7(6) den Treoirlíne seo.

| 2. | Beartas praghsála |
| --- | --- |

2.

| — | Cinneadh a dhéanamh ar struchtúr praghsála/beartas praghsála |
| --- | --- |

—

Cinneadh a dhéanamh ar struchtúr praghsála/beartas praghsála

| — | Cinneadh a dhéanamh ar na imchlúdaigh praghsála |
| --- | --- |

—

Cinneadh a dhéanamh ar na imchlúdaigh praghsála

| — | Athbhreithniú rialta ar struchtúr praghsála/beartas praghsála |
| --- | --- |

—

Athbhreithniú rialta ar struchtúr praghsála/beartas praghsála

| — | Clúdaigh praghsála a dhréachtú agus faireachán a dhéanamh orthu |
| --- | --- |

—

Clúdaigh praghsála a dhréachtú agus faireachán a dhéanamh orthu

(Neamhbhainteach)

| 3. | Maoiniú |
| --- | --- |

3.

| — | Cinneadh a dhéanamh ar rialacha maidir le córas airgeadais TARGET |
| --- | --- |

—

Cinneadh a dhéanamh ar rialacha maidir le córas airgeadais TARGET

| — | Cinneadh a dhéanamh ar na clúdaigh airgeadais |
| --- | --- |

—

Cinneadh a dhéanamh ar na clúdaigh airgeadais

| — | Tograí a dhréachtú le haghaidh phríomhghnéithe an chórais airgeadais mar a chinntear ag Leibhéal 1. |
| --- | --- |

—

Tograí a dhréachtú le haghaidh phríomhghnéithe an chórais airgeadais mar a chinntear ag Leibhéal 1.

| — | Dréachtú agus faireachán ar imchlúdaigh airgeadais |
| --- | --- |

—

Dréachtú agus faireachán ar imchlúdaigh airgeadais

| — | Faomhadh agus/nó tús a chur le tráthchodanna arna n-íoc ag BCanna an Eurochórais go Leibhéal 3 chun seirbhísí a sholáthar |
| --- | --- |

—

Faomhadh agus/nó tús a chur le tráthchodanna arna n-íoc ag BCanna an Eurochórais go Leibhéal 3 chun seirbhísí a sholáthar

| — | Faomhadh agus/nó tús a chur le haisíocaíocht táillí le BCanna an Eurochórais |
| --- | --- |

—

Faomhadh agus/nó tús a chur le haisíocaíocht táillí le BCanna an Eurochórais

Figiúirí costais a sholáthar go Leibhéal 2 don soláthar seirbhíse

| 4. | Leibhéal seirbhíse |
| --- | --- |

4.

Cinneadh a dhéanamh ar an leibhéal seirbhíse

Ag fíorú gur seachadadh an tseirbhís de réir an leibhéil Seirbhíse comhaontaithe

An tseirbhís a sheachadadh de réir an leibhéil Seirbhíse comhaontaithe

| 5. | Oibríocht |
| --- | --- |

5.

| — | Cinneadh a dhéanamh ar na rialacha is infheidhme maidir le teagmhais agus cásanna géarchéime |
| --- | --- |

—

Cinneadh a dhéanamh ar na rialacha is infheidhme maidir le teagmhais agus cásanna géarchéime

| — | Monatóireacht a dhéanamh ar fhorbairtí gnó |
| --- | --- |

—

Monatóireacht a dhéanamh ar fhorbairtí gnó

An córas a bhainistiú ar bhonn na gcomhaontuithe dá dtagraítear in Airteagal 6(6) den Treoirlíne seo

| 6. | Bainistíocht athraithe agus scaoilte |
| --- | --- |

6.

Cinneadh a dhéanamh i gcás formhéadaithe

| — | Na hiarratais ar Athrú a cheadú |
| --- | --- |

—

Na hiarratais ar Athrú a cheadú

| — | An scóip scaoilte a cheadú |
| --- | --- |

—

An scóip scaoilte a cheadú

| — | An plean scaoilte a fhaomhadh agus a fhorghníomhú |
| --- | --- |

—

An plean scaoilte a fhaomhadh agus a fhorghníomhú

Na hIarratais ar Athrú a Mheasúnú

Na hIarratais ar Athraithe a Chur i bhFeidhm i gcomhréir leis an bplean comhaontaithe

| 7. | Bainistíocht riosca |
| --- | --- |

7.

| — | Creat Bainistíochta Riosca TARGET agus lamháltas riosca le haghaidh TARGET a fhormheas chomh maith le glacadh leis na rioscaí atá fágtha. |
| --- | --- |

—

Creat Bainistíochta Riosca TARGET agus lamháltas riosca le haghaidh TARGET a fhormheas chomh maith le glacadh leis na rioscaí atá fágtha.

| — | freagracht deiridh a ghlacadh as gníomhaíochtaí na chéad líne agus an dara líne cosanta. |
| --- | --- |

—

freagracht deiridh a ghlacadh as gníomhaíochtaí na chéad líne agus an dara líne cosanta.

| — | an struchtúr eagraíochtúil a bhunú do róil agus freagrachtaí a bhaineann le riosca agus rialú |
| --- | --- |

—

an struchtúr eagraíochtúil a bhunú do róil agus freagrachtaí a bhaineann le riosca agus rialú

| — | Bainistíocht riosca iarbhír a dhéanamh |
| --- | --- |

—

Bainistíocht riosca iarbhír a dhéanamh

| — | Anailís riosca agus obair leantach a dhéanamh |
| --- | --- |

—

Anailís riosca agus obair leantach a dhéanamh

| — | ag cinntiú go ndéantar gach socrú bainistíochta riosca a chothabháil agus a choinneáil cothrom le dáta |
| --- | --- |

—

ag cinntiú go ndéantar gach socrú bainistíochta riosca a chothabháil agus a choinneáil cothrom le dáta

| — | an plean leanúnachais gnó a fhaomhadh agus a athbhreithniú mar atá leagtha amach sna doiciméid oibriúcháin ábhartha |
| --- | --- |

—

an plean leanúnachais gnó a fhaomhadh agus a athbhreithniú mar atá leagtha amach sna doiciméid oibriúcháin ábhartha

An fhaisnéis riachtanach a sholáthar le haghaidh anailíse riosca de réir iarratais Leibhéal 1/Leibhéal 2

| 8. | Rialacha an chórais |
| --- | --- |

8.

| — | Creat dlíthiúil an Chórais Eorpaigh Banc Ceannais maidir le TARGET a bhunú agus a áirithiú go gcuirfear chun feidhme go leordhóthanach é, lena n-áirítear na Coinníollacha Comhchuibhithe maidir le rannpháirtíocht in TARGET |
| --- | --- |

—

Creat dlíthiúil an Chórais Eorpaigh Banc Ceannais maidir le TARGET a bhunú agus a áirithiú go gcuirfear chun feidhme go leordhóthanach é, lena n-áirítear na Coinníollacha Comhchuibhithe maidir le rannpháirtíocht in TARGET

(Neamhbhainteach)

(Neamhbhainteach)

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IARSCRÍBHINN III

SAINMHÍNITHE

| (1) | ciallaíonn
  “grúpa faireacháin cuntas“
  grúpa de dhá MCA nó níos mó agus/nó dhá DCA nó níos mó a bhfuil dearcadh ag rannpháirtí amháin acu, an páirtí ceannais, ar an iarmhéid ar gach ceann de chuntais TARGET sa ghrúpa; |
| --- | --- |

(1)

ciallaíonn
  “grúpa faireacháin cuntas“
  grúpa de dhá MCA nó níos mó agus/nó dhá DCA nó níos mó a bhfuil dearcadh ag rannpháirtí amháin acu, an páirtí ceannais, ar an iarmhéid ar gach ceann de chuntais TARGET sa ghrúpa;

| (2) | ciallaíonn “sealbhóir BIC inteagmhála” eintiteas: (a) a shealbhaíonn Cód Aitheantóra Gnó (BIC); agus (b) is comhfhreagraí nó custaiméir de chuid sealbhóir DCA RTGS nó brainse de shealbhóir DCA RTGS é, agus atá in ann orduithe íocaíochta a chur isteach chuig córas comhpháirte de TARGET agus íocaíochtaí a fháil uaidh trí shealbhóir an DCA RTGS sin; |
| --- | --- |

(2)

ciallaíonn “sealbhóir BIC inteagmhála” eintiteas: (a) a shealbhaíonn Cód Aitheantóra Gnó (BIC); agus (b) is comhfhreagraí nó custaiméir de chuid sealbhóir DCA RTGS nó brainse de shealbhóir DCA RTGS é, agus atá in ann orduithe íocaíochta a chur isteach chuig córas comhpháirte de TARGET agus íocaíochtaí a fháil uaidh trí shealbhóir an DCA RTGS sin;

| (3) | ciallaíonn “córas coimhdeach” (AS) córas arna oibriú ag eintiteas a bunaíodh san Aontas nó sa LEE agus atá faoi réir maoirseachta agus/nó formhaoirseachta ag údarás inniúil agus a chomhlíonann na ceanglais mhaoirseachta maidir le suíomh bonneagair a thairgeann seirbhísí in euro, arna leasú ó am go ham agus atá foilsithe ar shuíomh Gréasáin an BCE, ina ndéantar íocaíochtaí agus/nó ionstraimí airgeadais a mhalartú agus/nó a imréitiú nó a thaifeadadh (a) leis na hoibleagáidí airgeadaíochta a eascraíonn as orduithe aistrithe a shocraítear in TARGET agus/nó (b) le cistí a shealbhaítear i TARGET, i gcomhréir le Treoirlíne BCE/2022/8; |
| --- | --- |

(3)

ciallaíonn “córas coimhdeach” (AS) córas arna oibriú ag eintiteas a bunaíodh san Aontas nó sa LEE agus atá faoi réir maoirseachta agus/nó formhaoirseachta ag údarás inniúil agus a chomhlíonann na ceanglais mhaoirseachta maidir le suíomh bonneagair a thairgeann seirbhísí in euro, arna leasú ó am go ham agus atá foilsithe ar shuíomh Gréasáin an BCE, ina ndéantar íocaíochtaí agus/nó ionstraimí airgeadais a mhalartú agus/nó a imréitiú nó a thaifeadadh (a) leis na hoibleagáidí airgeadaíochta a eascraíonn as orduithe aistrithe a shocraítear in TARGET agus/nó (b) le cistí a shealbhaítear i TARGET, i gcomhréir le Treoirlíne BCE/2022/8;

| (4) | ciallaíonn
  “cuntas cistí ráthaíochta córais choimhdigh” (cuntas cistí ráthaíochta AS) cuntas teicniúil a úsáidtear chun críche cistí ráthaíochta a shealbhú chun tacú le nósanna imeachta socraíochta RTGS AS A agus B; |
| --- | --- |

(4)

ciallaíonn
  “cuntas cistí ráthaíochta córais choimhdigh” (cuntas cistí ráthaíochta AS) cuntas teicniúil a úsáidtear chun críche cistí ráthaíochta a shealbhú chun tacú le nósanna imeachta socraíochta RTGS AS A agus B;

| (5) | ciallaíonn
  “nós imeachta socraíochta córais choimhdigh“
  (nós imeachta socraíochta AS) aon nós imeachta socraíochta AS TIPS nó nós imeachta socraíochta AS RTGS ; |
| --- | --- |

(5)

ciallaíonn
  “nós imeachta socraíochta córais choimhdigh“
  (nós imeachta socraíochta AS) aon nós imeachta socraíochta AS TIPS nó nós imeachta socraíochta AS RTGS ;

| (6) | ciallaíonn
  “ordú aistrithe córais choimhdigh” (ordú aistrithe AS) aon ordú aistrithe airgid a thionscnaíonn córas coimhdeach chun críche nós imeachta socraíochta córais choimhdigh RTGS; |
| --- | --- |

(6)

ciallaíonn
  “ordú aistrithe córais choimhdigh” (ordú aistrithe AS) aon ordú aistrithe airgid a thionscnaíonn córas coimhdeach chun críche nós imeachta socraíochta córais choimhdigh RTGS;

| (7) | ciallaíonn
  “uathsholáthar urrúis chomhthaobhaigh“
  creidmheas ionlae arna dheonú ag banc ceannais náisiúnta an limistéir euro (BCN) in airgead bainc cheannais a spreagtar nuair nach bhfuil cistí leordhóthanacha ag sealbhóir DCA T2S chun idirbhearta urrús a réiteach, trína comhthaobhaítear an creidmheas ionlae sin leis na hurrúis a cheannaítear (comhthaobhacht ar shreabhadh), nó le hurrúis atá i seilbh shealbhóir DCA T2S i bhfabhar BCN an limistéir euro (comhthaobhacht ar stoc); Tá dhá idirbheart ar leith in idirbheart maidir le huathsholáthar urrúis chomhthaobhaigh, ceann amháin chun an t-uathsholáthar urrúis chomhthaobhaigh a dheonú agus ceann amháin lena aisíoc. Féadfaidh sé tríú idirbheart a áireamh freisin maidir le haon athlonnú comhthaobhachta sa deireadh, Chun críocha Iarscríbhinn 1, Cuid I, Airteagal 18, meastar gur iontráladh na trí idirbheart uile sa chóras agus meastar iad a bheith neamh-inchúlghairthe ag an am céanna leis an idirbheart chun an uathsholáthar urrúis chomhthaobhaigh a dheonú; |
| --- | --- |

(7)

ciallaíonn
  “uathsholáthar urrúis chomhthaobhaigh“
  creidmheas ionlae arna dheonú ag banc ceannais náisiúnta an limistéir euro (BCN) in airgead bainc cheannais a spreagtar nuair nach bhfuil cistí leordhóthanacha ag sealbhóir DCA T2S chun idirbhearta urrús a réiteach, trína comhthaobhaítear an creidmheas ionlae sin leis na hurrúis a cheannaítear (comhthaobhacht ar shreabhadh), nó le hurrúis atá i seilbh shealbhóir DCA T2S i bhfabhar BCN an limistéir euro (comhthaobhacht ar stoc); Tá dhá idirbheart ar leith in idirbheart maidir le huathsholáthar urrúis chomhthaobhaigh, ceann amháin chun an t-uathsholáthar urrúis chomhthaobhaigh a dheonú agus ceann amháin lena aisíoc. Féadfaidh sé tríú idirbheart a áireamh freisin maidir le haon athlonnú comhthaobhachta sa deireadh, Chun críocha Iarscríbhinn 1, Cuid I, Airteagal 18, meastar gur iontráladh na trí idirbheart uile sa chóras agus meastar iad a bheith neamh-inchúlghairthe ag an am céanna leis an idirbheart chun an uathsholáthar urrúis chomhthaobhaigh a dheonú;

| (8) | ciallaíonn
  “uathordú aistriú leachtachta”
  ordú aistrithe leachtachta a ghintear go huathoibríoch chun cistí a aistriú ó DCA RTGS ainmnithe go dtí MCA an rannpháirtí i gcás nach bhfuil cistí leordhóthanach ar an MCA sin chun oibríochtaí bainc cheannais a shocrú; |
| --- | --- |

(8)

ciallaíonn
  “uathordú aistriú leachtachta”
  ordú aistrithe leachtachta a ghintear go huathoibríoch chun cistí a aistriú ó DCA RTGS ainmnithe go dtí MCA an rannpháirtí i gcás nach bhfuil cistí leordhóthanach ar an MCA sin chun oibríochtaí bainc cheannais a shocrú;

| (9) | ciallaíonn “leachtacht atá ar fáil“ iarmhéid sochair ar chuntas rannpháirtí agus, más ábhartha, aon líne creidmheasa ionlae arna dheonú ar an MCA ag BCN ábhartha an limistéir euro i ndáil leis an gcuntas sin ach nár tarraingíodh uirthi fós, nó más infheidhme, arna laghdú ag an méid aon chúl-leachtachta atá próiseáilte nó aon bhlocáil cistí ar MCAnna nó DCAnna; |
| --- | --- |

(9)

ciallaíonn “leachtacht atá ar fáil“ iarmhéid sochair ar chuntas rannpháirtí agus, más ábhartha, aon líne creidmheasa ionlae arna dheonú ar an MCA ag BCN ábhartha an limistéir euro i ndáil leis an gcuntas sin ach nár tarraingíodh uirthi fós, nó más infheidhme, arna laghdú ag an méid aon chúl-leachtachta atá próiseáilte nó aon bhlocáil cistí ar MCAnna nó DCAnna;

| (10) | ciallaíonn
  “grúpa baincéireachta“:






  a. | comhdhéanamh institiúidí creidmheasa a áirítear i ráitis airgeadais chomhdhlúite máthairchuideachta ina bhfuil oibleagáid ar an máthairchuideachta ráitis airgeadais chomhdhlúite a chur i láthair faoin gCaighdeán Cuntasaíochta Idirnáisiúnta 27 (IAS 27), arna ghlacadh de bhun Rialachán an Choimisiúin (CE) Uimh. 1126/2008 (1) agus a bheidh comhdhéanta de: (i) máthairchuideachta agus fochuideachta amháin nó níos mó; nó (ii) dhá fhochuideachta nó níos mó de mháthairchuideachta; nó |
| --- | --- | --- |

(10)

ciallaíonn
  “grúpa baincéireachta“:

a.

comhdhéanamh institiúidí creidmheasa a áirítear i ráitis airgeadais chomhdhlúite máthairchuideachta ina bhfuil oibleagáid ar an máthairchuideachta ráitis airgeadais chomhdhlúite a chur i láthair faoin gCaighdeán Cuntasaíochta Idirnáisiúnta 27 (IAS 27), arna ghlacadh de bhun Rialachán an Choimisiúin (CE) Uimh. 1126/2008 (1) agus a bheidh comhdhéanta de: (i) máthairchuideachta agus fochuideachta amháin nó níos mó; nó (ii) dhá fhochuideachta nó níos mó de mháthairchuideachta; nó

| b. | comhdhéanamh institiúidí creidmheasa dá dtagraítear i bhfomhír (a)(i) nó (ii), i gcás nach gcuireann máthairchuideachta ráitis airgeadais chomhdhlúite i láthair de réir IAS 27, ach go bhféadfadh sí a bheith in ann na critéir a shainmhínítear in IAS 27 um chuimsiú i ráitis airgeadais chomhdhlúite a chomhlíonadh, faoi réir fhíorú BC shealbhóir an rannpháirtí; |
| --- | --- |

b.

comhdhéanamh institiúidí creidmheasa dá dtagraítear i bhfomhír (a)(i) nó (ii), i gcás nach gcuireann máthairchuideachta ráitis airgeadais chomhdhlúite i láthair de réir IAS 27, ach go bhféadfadh sí a bheith in ann na critéir a shainmhínítear in IAS 27 um chuimsiú i ráitis airgeadais chomhdhlúite a chomhlíonadh, faoi réir fhíorú BC shealbhóir an rannpháirtí;

| c. | líonra déthaobhach nó iltaobhach institiúidí creidmheasa atá: (i) eagraithe trí chreat reachtúil lena gcinntear cleamhnacht institiúidí creidmheasa le líonra den sórt sin; nó (ii) arb iad na saintréithe atá aige meicníochtaí féineagraithe comhair (leasanna gnó a chomhaltaí a chur chun cinn, tacú leo agus ionadaíocht a dhéanamh orthu) agus/nó dlúthpháirtíocht eacnamaíoch a théann thar an gnáthchomhar idir institiúidí creidmheasa a bhfuil comhar agus dlúthpháirtíocht den sórt sin ceadaithe trí fho-dhlíthe nó airteagail chorpraithe nó arna mbunú de bhun comhaontuithe ar leith agus i ngach cás go bhfuil iarratas ceadaithe ag Comhairle Rialaithe an BCE chun a mheas gur grúpa é; |
| --- | --- |

c.

líonra déthaobhach nó iltaobhach institiúidí creidmheasa atá: (i) eagraithe trí chreat reachtúil lena gcinntear cleamhnacht institiúidí creidmheasa le líonra den sórt sin; nó (ii) arb iad na saintréithe atá aige meicníochtaí féineagraithe comhair (leasanna gnó a chomhaltaí a chur chun cinn, tacú leo agus ionadaíocht a dhéanamh orthu) agus/nó dlúthpháirtíocht eacnamaíoch a théann thar an gnáthchomhar idir institiúidí creidmheasa a bhfuil comhar agus dlúthpháirtíocht den sórt sin ceadaithe trí fho-dhlíthe nó airteagail chorpraithe nó arna mbunú de bhun comhaontuithe ar leith agus i ngach cás go bhfuil iarratas ceadaithe ag Comhairle Rialaithe an BCE chun a mheas gur grúpa é;

| (11) | ciallaíonn “brainse” brainse de réir bhrí phointe (17) d’Airteagal 4(1) de Rialachán (AE) Uimh. 575/2013 (2) nó pointe (30) d’Airteagal 4(1)de Threoir 2014/65/AE (3); |
| --- | --- |

(11)

ciallaíonn “brainse” brainse de réir bhrí phointe (17) d’Airteagal 4(1) de Rialachán (AE) Uimh. 575/2013 (2) nó pointe (30) d’Airteagal 4(1)de Threoir 2014/65/AE (3);

| (12) | ciallaíonn
  “teachtaireacht craolta“
  faisnéis a chuirtear ar fáil do ghrúpa roghnaithe de rannpháirtithe nó dóibh go léir; |
| --- | --- |

(12)

ciallaíonn
  “teachtaireacht craolta“
  faisnéis a chuirtear ar fáil do ghrúpa roghnaithe de rannpháirtithe nó dóibh go léir;

| (13) | ciallaíonn
  “lá gnó“
  nó
  “lá gnó TARGET“
  aon lá a bhfuil MCAnna, RTGS nó DCAnna T2S ar fáil chun orduithe aistrithe airgid a shocrú; |
| --- | --- |

(13)

ciallaíonn
  “lá gnó“
  nó
  “lá gnó TARGET“
  aon lá a bhfuil MCAnna, RTGS nó DCAnna T2S ar fáil chun orduithe aistrithe airgid a shocrú;

| (14) | ciallaíonn
  “Cód Aitheantóra Gnó“
  (BIC) cód mar atá sainmhínithe ag Caighdeán ISO Uimh. 9362; |
| --- | --- |

(14)

ciallaíonn
  “Cód Aitheantóra Gnó“
  (BIC) cód mar atá sainmhínithe ag Caighdeán ISO Uimh. 9362;

| (15) | ciallaíonn “tuairim acmhainní“ tuairim a bhaineann go sonrach le rannpháirtí ina bhfuil measúnú ar chumas dlíthiúil rannpháirtí dul i mbun oibleagáidí agus iad a chomhlíonadh; |
| --- | --- |

(15)

ciallaíonn “tuairim acmhainní“ tuairim a bhaineann go sonrach le rannpháirtí ina bhfuil measúnú ar chumas dlíthiúil rannpháirtí dul i mbun oibleagáidí agus iad a chomhlíonadh;

| (16) | ciallaíonn
  “ordú aistrithe airgid’
  aon treoir ó rannpháirtí nó ó pháirtí atá ag gníomhú thar a cheann méid airgid ó chuntas amháin a chur ar fáil d’fhaighteoir trí iontráil leabhair i gcuntas eile agus ar ordú aistrithe córais choimhdigh, ordú aistrithe leachtachta, ordú íocaíochta meandraí, freagra athghairme dearfach nó ordú íocaíochta é; |
| --- | --- |

(16)

ciallaíonn
  “ordú aistrithe airgid’
  aon treoir ó rannpháirtí nó ó pháirtí atá ag gníomhú thar a cheann méid airgid ó chuntas amháin a chur ar fáil d’fhaighteoir trí iontráil leabhair i gcuntas eile agus ar ordú aistrithe córais choimhdigh, ordú aistrithe leachtachta, ordú íocaíochta meandraí, freagra athghairme dearfach nó ordú íocaíochta é;

| (17) | ciallaíonn “banc ceannais”(BC) BC an Eurochórais agus/nó BCN bainteach; |
| --- | --- |

(17)

ciallaíonn “banc ceannais”(BC) BC an Eurochórais agus/nó BCN bainteach;

| (18) | ciallaíonn “oibríocht banc ceannais“ aon ordú íocaíochta nó ordú aistrithe leachtachta arna thionscnamh ag BC ar MCA a osclaíodh in aon chóras comhpháirte de TARGET; |
| --- | --- |

(18)

ciallaíonn “oibríocht banc ceannais“ aon ordú íocaíochta nó ordú aistrithe leachtachta arna thionscnamh ag BC ar MCA a osclaíodh in aon chóras comhpháirte de TARGET;

| (19) | ciallaíonn
  “BCN bainteach“ BCN, seachas BCN an limistéir euro, atá nasctha le TARGET de bhun comhaontaithe sonrach; |
| --- | --- |

(19)

ciallaíonn
  “BCN bainteach“ BCN, seachas BCN an limistéir euro, atá nasctha le TARGET de bhun comhaontaithe sonrach;

| (20) | ciallaíonn
  “Réiteach Teagmhasachta“
  an fheidhmiúlacht lena ligtear do BCanna agus do rannpháirtithe orduithe aistrithe airgid a phróiseáil i gcás nach féidir gnáthoibriú na MCAnna agus/nó na DCAnna RTGS agus/nó na gcuntais theicniúla AS RTGS; |
| --- | --- |

(20)

ciallaíonn
  “Réiteach Teagmhasachta“
  an fheidhmiúlacht lena ligtear do BCanna agus do rannpháirtithe orduithe aistrithe airgid a phróiseáil i gcás nach féidir gnáthoibriú na MCAnna agus/nó na DCAnna RTGS agus/nó na gcuntais theicniúla AS RTGS;

| (21) | ciallaíonn
  “institiúid creidmheasa“
  : (a) institiúid creidmheasa de réir bhrí phointe (1) d’Airteagal 4(1) de Rialachán (AE) Uimh. 575/2013 (agus na forálacha dlí náisiúnta lena gcuirtear chun feidhme Airteagal 2(5) de Threoir 2013/36/AE ó Pharlaimint na hEorpa agus ón gComhairle (4) mar is infheidhme don institiúid chreidmheasa} atá faoi réir maoirseachta ag údarás inniúil; nó (b) institiúid creidmheasa eile de réir bhrí Airteagal 123(2) den Chonradh atá faoi réir grinnscrúdaithe ar chaighdeán atá inchomparáide le maoirseacht ag údarás inniúil; |
| --- | --- |

(21)

ciallaíonn
  “institiúid creidmheasa“
  : (a) institiúid creidmheasa de réir bhrí phointe (1) d’Airteagal 4(1) de Rialachán (AE) Uimh. 575/2013 (agus na forálacha dlí náisiúnta lena gcuirtear chun feidhme Airteagal 2(5) de Threoir 2013/36/AE ó Pharlaimint na hEorpa agus ón gComhairle (4) mar is infheidhme don institiúid chreidmheasa} atá faoi réir maoirseachta ag údarás inniúil; nó (b) institiúid creidmheasa eile de réir bhrí Airteagal 123(2) den Chonradh atá faoi réir grinnscrúdaithe ar chaighdeán atá inchomparáide le maoirseacht ag údarás inniúil;

| (22) | ciallaíonn
  “iarmhéid meabhráin creidmheasa (CMB)“
  teorainn arna socrú ag sealbhóir DCA TIPS chun leachtacht ar DCA TIPS a úsáid ag páirtí sonrach inrochtana; |
| --- | --- |

(22)

ciallaíonn
  “iarmhéid meabhráin creidmheasa (CMB)“
  teorainn arna socrú ag sealbhóir DCA TIPS chun leachtacht ar DCA TIPS a úsáid ag páirtí sonrach inrochtana;

| (23) | ciallaíonn
  “socraíocht traschórais“
  socraíocht orduithe aistrithe AS lena gcuirtear do dhochar an cuntas teicniúil RTGS AS nó fo-chuntas bainc socraíochta AS amháin a úsáideann nós imeachta socraíochta AS C nó D agus a chuireann chun sochair an cuntas teicniúil AS RTGS nó fochuntais banc socraíochta de chuid AS eile a úsáideann nós imeachta socraíochta AS C nó D; |
| --- | --- |

(23)

ciallaíonn
  “socraíocht traschórais“
  socraíocht orduithe aistrithe AS lena gcuirtear do dhochar an cuntas teicniúil RTGS AS nó fo-chuntas bainc socraíochta AS amháin a úsáideann nós imeachta socraíochta AS C nó D agus a chuireann chun sochair an cuntas teicniúil AS RTGS nó fochuntais banc socraíochta de chuid AS eile a úsáideann nós imeachta socraíochta AS C nó D;

| (24) | ciallaíonn
  “cuntas airgid tiomnaithe” (DCA)DCA RTGS, DCA T2S nó DCA TIPS; |
| --- | --- |

(24)

ciallaíonn
  “cuntas airgid tiomnaithe” (DCA)DCA RTGS, DCA T2S nó DCA TIPS;

| (25) | ciallaíonn
  “saoráid taisce“
   “saoráid taisce“ mar a shainmhínítear i bpointe (21) d’Airteagal 2 de Threoirlíne (AE) 2015/510 (BCE/2014/60); |
| --- | --- |

(25)

ciallaíonn
  “saoráid taisce“
   “saoráid taisce“ mar a shainmhínítear i bpointe (21) d’Airteagal 2 de Threoirlíne (AE) 2015/510 (BCE/2014/60);

| (26) | ciallaíonn
  “ráta na saoráide taisce“
   “ráta na saoráide taisce“ mar a shainmhínítear i bpointe (22) d’Airteagal 2 de Threoirlíne (AE) 2015/510 (BCE/2014/60); |
| --- | --- |

(26)

ciallaíonn
  “ráta na saoráide taisce“
   “ráta na saoráide taisce“ mar a shainmhínítear i bpointe (22) d’Airteagal 2 de Threoirlíne (AE) 2015/510 (BCE/2014/60);

| (27) | ciallaíonn
  “BCN an limistéir euro“
  banc ceannais náisiúnta (BCN) Ballstáit a bhfuil an euro mar airgeadra aige; |
| --- | --- |

(27)

ciallaíonn
  “BCN an limistéir euro“
  banc ceannais náisiúnta (BCN) Ballstáit a bhfuil an euro mar airgeadra aige;

| (28) | ciallaíonn
  “Scéim Aistrithe Creidmheasa Meandraí SEPA (SCT Inst) de chuid na Comhairle Eorpaí um Íocaíochtaí”
  nó “Scéim Inst SCT” scéim um chaighdeáin oscailte uathoibrithe lena soláthraítear sraith rialacha idirbhainc atá le comhlíonadh ag rannpháirtithe SCT Inst, lena gceadaítear soláthraithe seirbhísí íocaíochta i Limistéar Aonair d’Íocaíochtaí Euro (SEPA), chun táirge aistrithe creidmheasa meandraí uathoibrithe in euro ar fud SEPA a thairiscint; |
| --- | --- |

(28)

ciallaíonn
  “Scéim Aistrithe Creidmheasa Meandraí SEPA (SCT Inst) de chuid na Comhairle Eorpaí um Íocaíochtaí”
  nó “Scéim Inst SCT” scéim um chaighdeáin oscailte uathoibrithe lena soláthraítear sraith rialacha idirbhainc atá le comhlíonadh ag rannpháirtithe SCT Inst, lena gceadaítear soláthraithe seirbhísí íocaíochta i Limistéar Aonair d’Íocaíochtaí Euro (SEPA), chun táirge aistrithe creidmheasa meandraí uathoibrithe in euro ar fud SEPA a thairiscint;

| (29) | ciallaíonn
  “BC Eurochórais“
  an BCE nó BCN an limistéir euro; |
| --- | --- |

(29)

ciallaíonn
  “BC Eurochórais“
  an BCE nó BCN an limistéir euro;

| (30) | ciallaíonn
  “teagmhas mainneachtana“
  aon teagmhas atá le teacht nó atá ann cheana, a d’fhéadfadh bagairt ar fheidhmíocht ag rannpháirtí dena chuid oibleagáidí faoi na Coinníollacha seo nó faoi aon rialacha eile a bhaineann leis an gcaidreamh idir an rannpháirtí sin agus BC an rannpháirtí nó aon BC eile, lena n-áirítear:






  (a) | cás nach gcomhlíonann an rannpháirtí na critéir rochtana a leagtar síos i gcur chun feidhme náisiúnta Chuid I, Iarscríbhinn I, Airteagal 4 nó na ceanglais a leagtar síos i gcur chun feidhme náisiúnta ábhartha Chuid I, Iarscríbhinn I, Airteagal 5(1) a thuilleadh, pointe (a)(i); |
| --- | --- | --- |

(30)

ciallaíonn
  “teagmhas mainneachtana“
  aon teagmhas atá le teacht nó atá ann cheana, a d’fhéadfadh bagairt ar fheidhmíocht ag rannpháirtí dena chuid oibleagáidí faoi na Coinníollacha seo nó faoi aon rialacha eile a bhaineann leis an gcaidreamh idir an rannpháirtí sin agus BC an rannpháirtí nó aon BC eile, lena n-áirítear:

(a)

cás nach gcomhlíonann an rannpháirtí na critéir rochtana a leagtar síos i gcur chun feidhme náisiúnta Chuid I, Iarscríbhinn I, Airteagal 4 nó na ceanglais a leagtar síos i gcur chun feidhme náisiúnta ábhartha Chuid I, Iarscríbhinn I, Airteagal 5(1) a thuilleadh, pointe (a)(i);

| (b) | tionscnamh imeachtaí dócmhainneachta i ndáil leis an rannpháirtí; |
| --- | --- |

(b)

tionscnamh imeachtaí dócmhainneachta i ndáil leis an rannpháirtí;

| (c) | tíolacadh iarratais a bhaineann leis na himeachtaí dá dtagraítear i bpointe (b); |
| --- | --- |

(c)

tíolacadh iarratais a bhaineann leis na himeachtaí dá dtagraítear i bpointe (b);

| (d) | eisiúint dearbhaithe i scríbhinn ag rannpháirtí maidir lena neamhábaltacht a chuid fiacha go léir nó aon chuid díobh a íoc nó a oibleagáidí a eascraíonn as creidmheas ionlae a chomhlíonadh; |
| --- | --- |

(d)

eisiúint dearbhaithe i scríbhinn ag rannpháirtí maidir lena neamhábaltacht a chuid fiacha go léir nó aon chuid díobh a íoc nó a oibleagáidí a eascraíonn as creidmheas ionlae a chomhlíonadh;

| (e) | dul i mbun comhaontaithe nó socraithe dheonaigh ghinearálta ag rannpháirtí lena chreidiúnaithe; |
| --- | --- |

(e)

dul i mbun comhaontaithe nó socraithe dheonaigh ghinearálta ag rannpháirtí lena chreidiúnaithe;

| (f) | cás ina bhfuil, nó má mheasann BC an rannpháirtí go bhfuil an rannpháirtí dócmhainneach nó nach bhfuil sé in ann a chuid fiacha a íoc; |
| --- | --- |

(f)

cás ina bhfuil, nó má mheasann BC an rannpháirtí go bhfuil an rannpháirtí dócmhainneach nó nach bhfuil sé in ann a chuid fiacha a íoc;

| (g) | cás ina bhfuil iarmhéid creidmheasa an rannpháirtí ar aon dena chuntas TARGET, nó gach cuid nó cuid mhaith de shócmhainní an rannpháirtí faoi réir ordaithe chalctha, astú, urghabhála nó aon nós imeachta eile atá beartaithe chun leas an phobail nó cearta chreidiúnaithe an rannpháirtí a chosaint; |
| --- | --- |

(g)

cás ina bhfuil iarmhéid creidmheasa an rannpháirtí ar aon dena chuntas TARGET, nó gach cuid nó cuid mhaith de shócmhainní an rannpháirtí faoi réir ordaithe chalctha, astú, urghabhála nó aon nós imeachta eile atá beartaithe chun leas an phobail nó cearta chreidiúnaithe an rannpháirtí a chosaint;

| (h) | cás inar cuireadh rannpháirtíocht an rannpháirtí i gcóras comhpháirte TARGET eile agus/nó in AS ar fionraí nó gur foirceannadh é; |
| --- | --- |

(h)

cás inar cuireadh rannpháirtíocht an rannpháirtí i gcóras comhpháirte TARGET eile agus/nó in AS ar fionraí nó gur foirceannadh é;

| (i) | cás ina bhfuil aon uiríoll ábhartha nó ráiteas réamhchonarthach a rinne an rannpháirtí nó a bhfuil sé intuigthe go ndearna an rannpháirtí é faoin dlí is infheidhme mícheart nó bréagach; |
| --- | --- |

(i)

cás ina bhfuil aon uiríoll ábhartha nó ráiteas réamhchonarthach a rinne an rannpháirtí nó a bhfuil sé intuigthe go ndearna an rannpháirtí é faoin dlí is infheidhme mícheart nó bréagach;

| (j) | sannadh gach cuid nó cuid shuntasach shócmhainní an rannpháirtí; |
| --- | --- |

(j)

sannadh gach cuid nó cuid shuntasach shócmhainní an rannpháirtí;

| (31) | ciallaíonn “cistí ráthaíochta“ cistí a sholáthraíonn rannpháirtithe AS le húsáid i gcás go dteipfeadh, ar chúis ar bith, ar rannpháirtí amháin nó níos mó a gcuid oibleagáidí íocaíochta sa AS a chomhlíonadh; |
| --- | --- |

(31)

ciallaíonn “cistí ráthaíochta“ cistí a sholáthraíonn rannpháirtithe AS le húsáid i gcás go dteipfeadh, ar chúis ar bith, ar rannpháirtí amháin nó níos mó a gcuid oibleagáidí íocaíochta sa AS a chomhlíonadh;

| (32) | ciallaíonn
  “imeachtaí dócmhainneachta“
  imeachtaí dócmhainneachta de réir bhrí Airteagal 2(j) de Threoir 98/26/CE; |
| --- | --- |

(32)

ciallaíonn
  “imeachtaí dócmhainneachta“
  imeachtaí dócmhainneachta de réir bhrí Airteagal 2(j) de Threoir 98/26/CE;

| (33) | ciallaíonn “ordú íocaíochta meandraí“, i gcomhréir le Scéim um Aistriú Meandrach Creidmheasa SEPA (SCT Inst) na Comhairle Eorpaí um Íocaíochtaí, ordú aistrithe airgid is féidir a fhorghníomhú 24 uair sa lá aon lá féilire den bhliain, le socraíocht láithreach nó gar do láithreach agus fógra don íocóir, agus lena n-áirítear: (i) orduithe íocaíochta meandraí DCA TIPS go DCA TIPS; (ii) orduithe íocaíochta meandraí ó DCA TIPS go cuntas teicnIúil AS TIPS; (iii) orduithe íocaíochta meandraí ó chuntas teicniúil AS TIPS go DCA TIPS; agus (iv) orduithe íocaíochta meandraí ó chuntas teicniúil TIPS AS go AS TIPS; |
| --- | --- |

(33)

ciallaíonn “ordú íocaíochta meandraí“, i gcomhréir le Scéim um Aistriú Meandrach Creidmheasa SEPA (SCT Inst) na Comhairle Eorpaí um Íocaíochtaí, ordú aistrithe airgid is féidir a fhorghníomhú 24 uair sa lá aon lá féilire den bhliain, le socraíocht láithreach nó gar do láithreach agus fógra don íocóir, agus lena n-áirítear: (i) orduithe íocaíochta meandraí DCA TIPS go DCA TIPS; (ii) orduithe íocaíochta meandraí ó DCA TIPS go cuntas teicnIúil AS TIPS; (iii) orduithe íocaíochta meandraí ó chuntas teicniúil AS TIPS go DCA TIPS; agus (iv) orduithe íocaíochta meandraí ó chuntas teicniúil TIPS AS go AS TIPS;

| (34) | ciallaíonn
  “páirtí treorach“
  eintiteas atá ainmnithe amhlaidh ag sealbhóir DCA TIPS nó ag sealbhóir cuntas teicniúil AS TIPS, agus a cheadaítear chun orduithe íocaíochta meandraí nó orduithe aistrithe leachtachta a sheoladh agus/nó orduithe íocaíochta meandraí agus orduithe aistrithe leachtachta a fháil thar ceann an tsealbhóra cuntais sin nó páirtí inrochtana de chuid an tsealbhóra cuntais sin; |
| --- | --- |

(34)

ciallaíonn
  “páirtí treorach“
  eintiteas atá ainmnithe amhlaidh ag sealbhóir DCA TIPS nó ag sealbhóir cuntas teicniúil AS TIPS, agus a cheadaítear chun orduithe íocaíochta meandraí nó orduithe aistrithe leachtachta a sheoladh agus/nó orduithe íocaíochta meandraí agus orduithe aistrithe leachtachta a fháil thar ceann an tsealbhóra cuntais sin nó páirtí inrochtana de chuid an tsealbhóra cuntais sin;

| (35) | ciallaíonn
  “creidmheas ionlae“
  creidmheas arna fhadú ar feadh tréimhse níos lú ná lá gnó amháin. |
| --- | --- |

(35)

ciallaíonn
  “creidmheas ionlae“
  creidmheas arna fhadú ar feadh tréimhse níos lú ná lá gnó amháin.

| (36) | ciallaíonn “gnólacht infheistíochta“ gnólacht infheistíochta de réir bhrí [cuir isteach forálacha dlí náisiúnta lena gcuirtear chun feidhme Airteagal 4(1)(1) de Threoir 2014/65/AE, seachas na hinstitiúidí a shonraítear i agus na forálacha dlí náisiúnta lena gcuirtear chun feidhm Airteagal 2(1) de Threoir 2014/65/AE de réir mar is infheidhme don ghnólacht infheistíochta, ar choinníoll go bhfuil an gnólacht infheistíochta i gceist:






  a) | údaraithe agus maoirsithe ag údarás inniúil aitheanta, atá ainmnithe mar sin faoi Threoir 2014/65/AE; agus |
| --- | --- | --- |

(36)

ciallaíonn “gnólacht infheistíochta“ gnólacht infheistíochta de réir bhrí [cuir isteach forálacha dlí náisiúnta lena gcuirtear chun feidhme Airteagal 4(1)(1) de Threoir 2014/65/AE, seachas na hinstitiúidí a shonraítear i agus na forálacha dlí náisiúnta lena gcuirtear chun feidhm Airteagal 2(1) de Threoir 2014/65/AE de réir mar is infheidhme don ghnólacht infheistíochta, ar choinníoll go bhfuil an gnólacht infheistíochta i gceist:

a)

údaraithe agus maoirsithe ag údarás inniúil aitheanta, atá ainmnithe mar sin faoi Threoir 2014/65/AE; agus

| b) | i dteideal na gníomhaíochtaí dá dtagraítear faoi (forálacha dlí náisiúnta lena gcuirtear chun feidhme ítimí 2, 3, 6 agus 7 de Roinn A d’Iarscríbhinn I a ghabhann le Treoir 2014/65/AE, mar is infheidhme don ghnólacht infheistíochta); |
| --- | --- |

b)

i dteideal na gníomhaíochtaí dá dtagraítear faoi (forálacha dlí náisiúnta lena gcuirtear chun feidhme ítimí 2, 3, 6 agus 7 de Roinn A d’Iarscríbhinn I a ghabhann le Treoir 2014/65/AE, mar is infheidhme don ghnólacht infheistíochta);

| (37) | ciallaíonn
  “BCNanna Leibhéal 3“
  Deutsche Bundesbank, Banque de France, Banca d’Italia agus Banco de España ina gcáil mar na BCanna atá ag forbairt agus ag oibriú TARGET ar mhaithe leis an Eurochóras; |
| --- | --- |

(37)

ciallaíonn
  “BCNanna Leibhéal 3“
  Deutsche Bundesbank, Banque de France, Banca d’Italia agus Banco de España ina gcáil mar na BCanna atá ag forbairt agus ag oibriú TARGET ar mhaithe leis an Eurochóras;

| (38) | ciallaíonn
  “ordú aistrithe leachtachta”
  ordú aistrithe airgid chun méid sonraithe cistí a aistriú chun críche bainistithe leachtachta; |
| --- | --- |

(38)

ciallaíonn
  “ordú aistrithe leachtachta”
  ordú aistrithe airgid chun méid sonraithe cistí a aistriú chun críche bainistithe leachtachta;

| (39) | ciallaíonn
  “ráta na saoráide iasachta imeallaí“
  “ráta na saoráide iasachta imeallach” mar a shainmhínítear i bpointe (57) d’Airteagal 2 de Threoirlíne (AE) 2015/510 (BCE/2014/60); |
| --- | --- |

(39)

ciallaíonn
  “ráta na saoráide iasachta imeallaí“
  “ráta na saoráide iasachta imeallach” mar a shainmhínítear i bpointe (57) d’Airteagal 2 de Threoirlíne (AE) 2015/510 (BCE/2014/60);

| (40) | ciallaíonn
  “saoráid iasachta imeallach“
  “saoráid iasachta imeallach” mar a shainmhínítear i bpointe (56) d’Airteagal 2 de Threoirlíne (AE) 2015/510 (BCE/2014/60); |
| --- | --- |

(40)

ciallaíonn
  “saoráid iasachta imeallach“
  “saoráid iasachta imeallach” mar a shainmhínítear i bpointe (56) d’Airteagal 2 de Threoirlíne (AE) 2015/510 (BCE/2014/60);

| (41) | ciallaíonn
  “seirbhís shoghluaiste cuardaigh ionadaithe (MPL)”
  seirbhís a chuireann ar chumas sealbhóirí DCA TIPS, AS a úsáideann cuntais theicniúla AS TIPS agus páirtithe inrochtana, a fhaigheann iarratas óna gcustaiméirí ordú íocaíochta meandraí a fhorghníomhú i bhfabhar tairbhí a shainaithnítear trí ionadaí (e.g. uimhir shoghluaiste), chun IBAN agus BIC an tairbhí chomhfhreagraigh a úsáidfear chun creidmheas a dhéanamh don chuntas ábhartha Chórais Íocaíochta Meandraí TARGET (TIPS) a fháil ón stór lárnach MPL; |
| --- | --- |

(41)

ciallaíonn
  “seirbhís shoghluaiste cuardaigh ionadaithe (MPL)”
  seirbhís a chuireann ar chumas sealbhóirí DCA TIPS, AS a úsáideann cuntais theicniúla AS TIPS agus páirtithe inrochtana, a fhaigheann iarratas óna gcustaiméirí ordú íocaíochta meandraí a fhorghníomhú i bhfabhar tairbhí a shainaithnítear trí ionadaí (e.g. uimhir shoghluaiste), chun IBAN agus BIC an tairbhí chomhfhreagraigh a úsáidfear chun creidmheas a dhéanamh don chuntas ábhartha Chórais Íocaíochta Meandraí TARGET (TIPS) a fháil ón stór lárnach MPL;

| (42) | ciallaíonn
  “íocaíocht gar meandrach“
  ordú aistrithe airgid a chomhlíonann Caighdeán NL Seirbhísí Breise Roghnacha um Aistriú Creidmheasa SEPA (SCT AOS) maidir le haistrithe creidmheasa SEPA a phróiseáil láithreach; |
| --- | --- |

(42)

ciallaíonn
  “íocaíocht gar meandrach“
  ordú aistrithe airgid a chomhlíonann Caighdeán NL Seirbhísí Breise Roghnacha um Aistriú Creidmheasa SEPA (SCT AOS) maidir le haistrithe creidmheasa SEPA a phróiseáil láithreach;

| (43) | ciallaíonn “soláthraí seirbhísí líonra” (NSP) gnóthas ar dámhadh lamháltas dó leis an Eurochóras chun seirbhísí nascachta a sholáthar trí Thairseach an Eurochórais um Bonneagar Margaidh Aonair chuig seirbhísí TARGET; |
| --- | --- |

(43)

ciallaíonn “soláthraí seirbhísí líonra” (NSP) gnóthas ar dámhadh lamháltas dó leis an Eurochóras chun seirbhísí nascachta a sholáthar trí Thairseach an Eurochórais um Bonneagar Margaidh Aonair chuig seirbhísí TARGET;

| (44) | ciallaíonn
  “ordú aistrithe airgid neamhsocraithe“
  ordú aistrithe airgid nach bhfuil socraithe ar an lá gnó a nglactar leis; |
| --- | --- |

(44)

ciallaíonn
  “ordú aistrithe airgid neamhsocraithe“
  ordú aistrithe airgid nach bhfuil socraithe ar an lá gnó a nglactar leis;

| (45) | ciallaíonn “rannpháirtí”; a) eintiteas a bhfuil MCA amháin ar a laghad aige agus a fhéadfaidh freisin DCA amháin nó níos mó] a shealbhú] i TARGET; nó b) AS; |
| --- | --- |

(45)

ciallaíonn “rannpháirtí”; a) eintiteas a bhfuil MCA amháin ar a laghad aige agus a fhéadfaidh freisin DCA amháin nó níos mó] a shealbhú] i TARGET; nó b) AS;

| (46) | ciallaíonn
  “íocaí“
  , ach amháin i gcás ina n-úsáidtear é in Iarscríbhinn I, Foscríbhinn II, rannpháirtí a bhfuil a MCA nó a DCA curtha chun sochair mar thoradh ar ordú aistrithe airgid a bheith socraithe; |
| --- | --- |

(46)

ciallaíonn
  “íocaí“
  , ach amháin i gcás ina n-úsáidtear é in Iarscríbhinn I, Foscríbhinn II, rannpháirtí a bhfuil a MCA nó a DCA curtha chun sochair mar thoradh ar ordú aistrithe airgid a bheith socraithe;

| (47) | ciallaíonn
  “íocóir“
  , ach amháin i gcás ina n-úsáidtear é in Iarscríbhinn I, Foscríbhinn II, rannpháirtí a gcuirtear an MCA nó a DCA do dhochar de thoradh ordú aistrithe airgid a bheith socraithe; |
| --- | --- |

(47)

ciallaíonn
  “íocóir“
  , ach amháin i gcás ina n-úsáidtear é in Iarscríbhinn I, Foscríbhinn II, rannpháirtí a gcuirtear an MCA nó a DCA do dhochar de thoradh ordú aistrithe airgid a bheith socraithe;

| (48) | ciallaíonn
  “ordú íocaíochta” aon treoir ó rannpháirtí nó páirtí a ghníomhaíonn ar a shon méid airgid ó chuntas amháin a chur ar fáil d’fhaighteoir trí iontráil leabhair i gcuntas eile agus nach ordú aistrithe AS, ordú aistrithe leachtachta, ordú íocaíochta meandraí nó freagra dearfach aisghairme é; |
| --- | --- |

(48)

ciallaíonn
  “ordú íocaíochta” aon treoir ó rannpháirtí nó páirtí a ghníomhaíonn ar a shon méid airgid ó chuntas amháin a chur ar fáil d’fhaighteoir trí iontráil leabhair i gcuntas eile agus nach ordú aistrithe AS, ordú aistrithe leachtachta, ordú íocaíochta meandraí nó freagra dearfach aisghairme é;

| (49) | ciallaíonn
  “freagra dearfach aisghairme“
  , ordú aistrithe airgid arna thionscnamh ag faighteoir iarrata ar aisghairm, mar fhreagairt ar iarraidh ar aisghairm, chun leasa seoltóir na hiarrata ar aisghairm sin, |
| --- | --- |

(49)

ciallaíonn
  “freagra dearfach aisghairme“
  , ordú aistrithe airgid arna thionscnamh ag faighteoir iarrata ar aisghairm, mar fhreagairt ar iarraidh ar aisghairm, chun leasa seoltóir na hiarrata ar aisghairm sin,

| (50) | ciallaíonn
  “comhlacht earnála poiblí”
  eintiteas laistigh den “earnáil phoiblí”, an téarma deireanach mar a shainmhínítear in Airteagal 3 de Rialachán (CE) Uimh. 3603/93 (5); |
| --- | --- |

(50)

ciallaíonn
  “comhlacht earnála poiblí”
  eintiteas laistigh den “earnáil phoiblí”, an téarma deireanach mar a shainmhínítear in Airteagal 3 de Rialachán (CE) Uimh. 3603/93 (5);

| (51) | ciallaíonn “páirtí inteagmhála“ einteatas: (a) a shealbhaíonn Cód Aitheantóra Gnó (BIC); (b) atá ainmnithe amhlaidh ag sealbhóir DCA TIPS nó ag córas coimhdeach a bhfuil cuntas teicniúil AS TIPS aige; (c) is comhfhreagraí, custaiméir, nó brainse de shealbhóir DCA TIPS nó rannpháirtí de chóras coimhdeach é; nó is comhfhreagraí, custaiméir, nó brainse de rannpháirtí de chóras coimhdeach a bhfuil cuntas teicniúil AS TIPS aige agus (d) gur féidir dul i ngleic leis trí TIPS agus atá in ann orduithe aistrithe airgid a chur isteach agus orduithe aistrithe airgid a fháil trí shealbhóir DCA TIPS nó trí chóras coimhdeach a shealbhaíonn cuntas teicniúil AS TIPS, nó go díreach má údaraíonn sealbhóir an DCA TIPS amhlaidh nó trí chóras coimhdeach a bhfuil cuntas teicniúil AS TIPS aige; |
| --- | --- |

(51)

ciallaíonn “páirtí inteagmhála“ einteatas: (a) a shealbhaíonn Cód Aitheantóra Gnó (BIC); (b) atá ainmnithe amhlaidh ag sealbhóir DCA TIPS nó ag córas coimhdeach a bhfuil cuntas teicniúil AS TIPS aige; (c) is comhfhreagraí, custaiméir, nó brainse de shealbhóir DCA TIPS nó rannpháirtí de chóras coimhdeach é; nó is comhfhreagraí, custaiméir, nó brainse de rannpháirtí de chóras coimhdeach a bhfuil cuntas teicniúil AS TIPS aige agus (d) gur féidir dul i ngleic leis trí TIPS agus atá in ann orduithe aistrithe airgid a chur isteach agus orduithe aistrithe airgid a fháil trí shealbhóir DCA TIPS nó trí chóras coimhdeach a shealbhaíonn cuntas teicniúil AS TIPS, nó go díreach má údaraíonn sealbhóir an DCA TIPS amhlaidh nó trí chóras coimhdeach a bhfuil cuntas teicniúil AS TIPS aige;

| (52) | ciallaíonn
  “nós imeachta córais coimhdigh um ollsocraíocht fíor-ama“
  (nós imeachta socraíochta AS RTGS ) ceann amháin den raon de sheirbhísí speisialta, réamhshainithe chun orduithe aistrithe AS a bhaineann le socraíocht AS ar DCAnna RTGS, ar fhochuntais agus ar chuntais theicniúla AS RTGS a thíolacadh agus a shocrú; |
| --- | --- |

(52)

ciallaíonn
  “nós imeachta córais coimhdigh um ollsocraíocht fíor-ama“
  (nós imeachta socraíochta AS RTGS ) ceann amháin den raon de sheirbhísí speisialta, réamhshainithe chun orduithe aistrithe AS a bhaineann le socraíocht AS ar DCAnna RTGS, ar fhochuntais agus ar chuntais theicniúla AS RTGS a thíolacadh agus a shocrú;

| (53) | ciallaíonn “Cuntas teicniúil córais choimhdigh um ollsocraíocht fíor-ama” (cuntas teicniúil AS RTGS) cuntas arna sealbhú ag AS nó ag BC ina chóras comhpháirte TARGET thar ceann an AS agus a úsáidtear i gcomhthéacs nós imeachta socraíochta AS RTGS; |
| --- | --- |

(53)

ciallaíonn “Cuntas teicniúil córais choimhdigh um ollsocraíocht fíor-ama” (cuntas teicniúil AS RTGS) cuntas arna sealbhú ag AS nó ag BC ina chóras comhpháirte TARGET thar ceann an AS agus a úsáidtear i gcomhthéacs nós imeachta socraíochta AS RTGS;

| (54) | ciallaíonn
  “iarraidh ar aisghairm“
  teachtaireacht ó shealbhóir DCA RTGS nó ó shealbhóir DCA TIPS ag iarraidh aisíocaíocht ordú íocaíochta socraithe nó ordú íocaíochta meandraí faoi seach; |
| --- | --- |

(54)

ciallaíonn
  “iarraidh ar aisghairm“
  teachtaireacht ó shealbhóir DCA RTGS nó ó shealbhóir DCA TIPS ag iarraidh aisíocaíocht ordú íocaíochta socraithe nó ordú íocaíochta meandraí faoi seach;

| (55) | “ordú aistrithe leachtacha riailbhunaithe”
  ordú aistrithe leachtacha a spreagtar mar thoradh ar: (a) an iarmhéid ar chuntas MCA ó DCA RTGS a sháraíonn íosteorainnr nó uasteorainn réamhshainithe; nó (b) cistí neamhleordhóthanacha ar fáil chun orduithe íocaíochta práinneach scuaine, orduithe aistrithe AS nó orduithe íocaíochta ardtosaíochta ar DCA RTGS a chumhdach; |
| --- | --- |

(55)

“ordú aistrithe leachtacha riailbhunaithe”
  ordú aistrithe leachtacha a spreagtar mar thoradh ar: (a) an iarmhéid ar chuntas MCA ó DCA RTGS a sháraíonn íosteorainnr nó uasteorainn réamhshainithe; nó (b) cistí neamhleordhóthanacha ar fáil chun orduithe íocaíochta práinneach scuaine, orduithe aistrithe AS nó orduithe íocaíochta ardtosaíochta ar DCA RTGS a chumhdach;

| (56) | Ciallaíonn
  “grúpa cuntas bainc socraíochta”
  liosta de na DCAnna RTGS agus/nó de na fochuntais arna socrú i gcomhthéacs córais coimhdigh a shocrú trí úsáid a bhaint as samhlacha socraíochta AS RTGS; |
| --- | --- |

(56)

Ciallaíonn
  “grúpa cuntas bainc socraíochta”
  liosta de na DCAnna RTGS agus/nó de na fochuntais arna socrú i gcomhthéacs córais coimhdigh a shocrú trí úsáid a bhaint as samhlacha socraíochta AS RTGS;

| (57) | ciallaíonn
  “banc socraíochta“
  sealbhóir DCA RTGS a mbaintear úsáid as a DCA nó a fhochuntas RTGS chun orduithe aistrithe AS arna gcur isteach ag AS a shocrú trí úsáid a bhaint as nósanna imeachta socraíochta AS RTGS; |
| --- | --- |

(57)

ciallaíonn
  “banc socraíochta“
  sealbhóir DCA RTGS a mbaintear úsáid as a DCA nó a fhochuntas RTGS chun orduithe aistrithe AS arna gcur isteach ag AS a shocrú trí úsáid a bhaint as nósanna imeachta socraíochta AS RTGS;

| (58) | ciallaíonn
  “fionraí“
  cearta agus oibleagáidí rannpháirtí a chalcadh go sealadach ar feadh tréimhse ama a chinnfidh BCE an rannpháirtí; |
| --- | --- |

(58)

ciallaíonn
  “fionraí“
  cearta agus oibleagáidí rannpháirtí a chalcadh go sealadach ar feadh tréimhse ama a chinnfidh BCE an rannpháirtí;

| (59) | ciallaíonn
  “cuntas TARGET“
  aon chuntas a osclaítear i gcóras comhpháirte de TARGET; |
| --- | --- |

(59)

ciallaíonn
  “cuntas TARGET“
  aon chuntas a osclaítear i gcóras comhpháirte de TARGET;

| (60) | ciallaíonn “córas comhpháirte de TARGET“ aon cheann de chórais BCanna atá mar chuid de TARGET; |
| --- | --- |

(60)

ciallaíonn “córas comhpháirte de TARGET“ aon cheann de chórais BCanna atá mar chuid de TARGET;

| (61) | ciallaíonn
  “comhordaitheoir TARGET“
  duine arna cheapadh ag BCE chun bainistiú oibríochtúil laethúil TARGET a áirithiú, chun gníomhaíocht a bhainistiú agus a chomhordú i gcás ina dtarlaíonn staid neamhghnách agus chun scaipeadh na faisnéise ar na rannpháirtithe a chomhordú; |
| --- | --- |

(61)

ciallaíonn
  “comhordaitheoir TARGET“
  duine arna cheapadh ag BCE chun bainistiú oibríochtúil laethúil TARGET a áirithiú, chun gníomhaíocht a bhainistiú agus a chomhordú i gcás ina dtarlaíonn staid neamhghnách agus chun scaipeadh na faisnéise ar na rannpháirtithe a chomhordú;

| (62) | ciallaíonn
  “nós imeachta socraíochta córais coimhdigh um Socraíocht Íocaíochta Meandraí TARGET (TIPS)“
  (nós imeachta socraíochta AS TIPS ) an tseirbhís réamhshainithe chun orduithe aistrithe leachtachta agus orduithe íocaíochta meandraí a bhaineann le socraíocht AS ar DCAnna TIPS agus ar chuntais theicniúla AS TPS; |
| --- | --- |

(62)

ciallaíonn
  “nós imeachta socraíochta córais coimhdigh um Socraíocht Íocaíochta Meandraí TARGET (TIPS)“
  (nós imeachta socraíochta AS TIPS ) an tseirbhís réamhshainithe chun orduithe aistrithe leachtachta agus orduithe íocaíochta meandraí a bhaineann le socraíocht AS ar DCAnna TIPS agus ar chuntais theicniúla AS TPS;

| (63) | ciallaíonn
  “Cuntas teicniúil córais choimhdigh de Shocraíocht Íocaíochta Meandraí TARGET (TIPS)” (cuntas teicniúil AS TIPS) cuntas atá á sealbhú ag AS nó ag BC ina chóras comhpháirte TARGET thar ceann an AS le húsáid ag an AS chun críche imréitigh íocaíochtaí meandracha lena socraítear íocaíochtaí meandracha ina leabhair féin; |
| --- | --- |

(63)

ciallaíonn
  “Cuntas teicniúil córais choimhdigh de Shocraíocht Íocaíochta Meandraí TARGET (TIPS)” (cuntas teicniúil AS TIPS) cuntas atá á sealbhú ag AS nó ag BC ina chóras comhpháirte TARGET thar ceann an AS le húsáid ag an AS chun críche imréitigh íocaíochtaí meandracha lena socraítear íocaíochtaí meandracha ina leabhair féin;

| (64) | ciallaíonn
  “bainisteoir socraíochta TARGET“
  duine arna cheapadh ag BC an Eurochórais chun faireachán a dhéanamh ar oibriú a chóras chomhpháirte TARGET; |
| --- | --- |

(64)

ciallaíonn
  “bainisteoir socraíochta TARGET“
  duine arna cheapadh ag BC an Eurochórais chun faireachán a dhéanamh ar oibriú a chóras chomhpháirte TARGET;

| (65) | ciallaíonn “Urrúis-TARGET2 (T2S)”an tacar crua-earraí, bogearraí agus comhpháirteanna bonneagair theicniúil eile trína soláthraíonn an Eurochóras na seirbhísí do TLUnna agus BCanna an Eurochórais lena ceadaítear idirbhearta urrús a shocrú go lárnach, go neodrach agus gan teorainn ar bhonn seachadta in áit íocaíochta in airgead bainc cheannais; |
| --- | --- |

(65)

ciallaíonn “Urrúis-TARGET2 (T2S)”an tacar crua-earraí, bogearraí agus comhpháirteanna bonneagair theicniúil eile trína soláthraíonn an Eurochóras na seirbhísí do TLUnna agus BCanna an Eurochórais lena ceadaítear idirbhearta urrús a shocrú go lárnach, go neodrach agus gan teorainn ar bhonn seachadta in áit íocaíochta in airgead bainc cheannais;

| (66) | ciallaíonn
  “mífheidhm theicniúil TARGET“
  aon locht nó teip ar an mbonneagar teicniúil agus/nó ar na córais ríomhaireachta a úsáideann an córas comhpháirte ábhartha de TARGET, nó aon teagmhas eile a fhágann nach féidir próiseáil orduithe aistrithe airgid a fhorghníomhú agus a chur i gcrích de réir codanna ábhartha den Treoirlíne seo sa chóras comhpháirte ábhartha de TARGET. |
| --- | --- |

(66)

ciallaíonn
  “mífheidhm theicniúil TARGET“
  aon locht nó teip ar an mbonneagar teicniúil agus/nó ar na córais ríomhaireachta a úsáideann an córas comhpháirte ábhartha de TARGET, nó aon teagmhas eile a fhágann nach féidir próiseáil orduithe aistrithe airgid a fhorghníomhú agus a chur i gcrích de réir codanna ábhartha den Treoirlíne seo sa chóras comhpháirte ábhartha de TARGET.

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(1)  Rialachán (CE) Uimh. 1126/2008 ón gCoimisiún an 3 Samhain 2008 lena nglactar caighdeáin idirnáisiúnta chuntasaíochta áirithe de réir Rialachán (CE) Uimh. 1606/2002 ó Pharlaimint na hEorpa agus ón gComhairle (IO L 320, 29.11.2008, lch. 1).

(2)  Rialachán (AE) Uimh. 575/2013 ó Pharlaimint na hEorpa agus ón gComhairle an 26 Meitheamh 2013 maidir le ceanglais stuamachta i gcomhair institiúidí infheistíochta agus lena leasaítear Rialachán (AE) Uimh. 648/2012 (IO L 176, 27.6.2013, lch. 1).

(3)  Treoir 2014/65/AE ó Pharlaimint na hEorpa agus ón gComhairle an 15 Bealtaine 2014 maidir le margaí in ionstraimí airgeadais agus lena leasaítear Treoir 2002/92/CE agus Treoir 2011/61/AE (IO L 173, 12.06.2014, lch. 349).

(4)  Treoir 2013/36/AE ó Pharlaimint na hEorpa agus ón gComhairle an 26 Meitheamh 2013 maidir le rochtain ar ghníomhaíocht institiúidí creidmheasa agus maoirseacht stuamachta institiúidí creidmheasa, lena leasaítear Treoir 2002/87/CE agus lena n-aisghairtear Treoir 2006/48/CE agus Treoir 2006/49/CE (IO L 176, 27.6.2013, lch. 338).

(5)  Rialachán (AE) Uimh. 3603/93 ón gComhairle an 13 Nollaig 1993 lena sonraítear sainmhínithe chun na toirmisc dá dtagraítear in Airteagal 104 agus Airteagal 104b(1) den Chonradh a chur i bhfeidhm (IO L 332, 31.12.1993, lch. 1).

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