1.

Annex I to Decision ECB/2007/7 is amended as follows: (a) in Article 1, the following definition is replaced: ‘— “direct debit authorisation” means a general instruction by a payer to its CB entitling and obliging that CB to debit the payer's account upon receipt of a valid direct debit instruction from a payee,’; (b) Article 28 is amended as follows: (i) the following sentence is added at the end of paragraph 1: ‘For the purposes of this paragraph, the taking of resolution action within the meaning of Directive 2014/59/EU of the European Parliament and of the Council (*) against a PM account holder shall not automatically qualify as the opening of insolvency proceedings. (*) 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).’;" (ii) paragraph 4(a) is replaced by the following: ‘(a) In the event that the ECB suspends or terminates a PM account holder's participation in TARGET2-ECB under paragraph 1 or 2, the ECB shall immediately inform, by means of an ICM broadcast message or a T2S broadcast message, that PM account holder, other CBs and PM account holders and DCA holders in all of the TARGET2 component systems of such suspension or termination. Such message shall be deemed to have been issued by the home CB of the PM account holder and DCA holder that receives the message.’; (iii) paragraph 4(b) is deleted; (c) in Article 32, paragraph 1 is replaced by the following: ‘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.’; (d) in Appendix II, paragraph 3(a)(ii) is replaced by the following: ‘(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 overnight index average (EONIA) rate and the marginal lending rate. The reference rate shall be applied to the amount of the payment order not settled as a result of the technical malfunction of TARGET2 for each day in the period from the date of the actual or, in relation to payment orders referred to in paragraph 2(b)(ii), intended submission of the payment order until the date on which the payment order was or could have been successfully settled. Any interest or charges resulting from the placing of any non-settled payment orders on deposit with the Eurosystem shall be deducted from, or charged to, the amount of any compensation, as the case may be; and’; (e) in Appendix IV, paragraph 4 is amended as follows: (i) point (b) is replaced by the following: ‘(b) In the event that the operation of the SSP or the T2S Platform, as referred to in Annex II, is relocated from one region (Region 1) to another region (Region 2), the participants shall endeavour to reconcile their positions up to the point of the failure or the occurrence of the abnormal external events and provide to the ECB all relevant information in this respect.’; (ii) the following point (c) is added: ‘(c) Where a PM to DCA liquidity transfer order is debited on the participant's PM account on the SSP in Region 1, but, after reconciliation, is not shown as debited on the SSP in Region 2, the CB responsible for the participant shall debit the participant's PM account in Region 2 to return the participant's PM account balance to the level it had prior to the relocation.’; (f) in Appendix IV, paragraph 8(c) is replaced by the following: ‘(c) 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.’; (g) in Appendix VI, the following text is added: ‘15. An ancillary system using the ASI or the Participant Interface, irrespective of the number of any accounts it may hold with the ASCB and/or the SCB, shall be subject to a fee schedule consisting of the following elements: (a) A fixed monthly fee of EUR 1 000 to be charged to each ancillary system (Fixed Fee I). (b) A second monthly fixed fee of between EUR 417 and EUR 8 334, in proportion to the underlying gross value of the ancillary system's euro cash settlement transactions (Fixed Fee II). Band From (EUR million/day) To (EUR million/day) Annual fee Monthly fee 1 0 below 1 000 EUR 5 000 EUR 417 2 1 000 below 2 500 EUR 10 000 EUR 833 3 2 500 below 5 000 EUR 20 000 EUR 1 667 4 5 000 below 10 000 EUR 30 000 EUR 2 500 5 10 000 below 50 000 EUR 40 000 EUR 3 333 6 50 000 below 500 000 EUR 50 000 EUR 4 167 7 Above 500 000 — EUR 100 000 EUR 8 334 The gross value of the ancillary system's euro cash settlement transactions shall be calculated by the ASCB once a year on the basis of such gross value during the previous year and the calculated gross value shall be applied for calculating the fee from 1 January of each calendar year. The gross value shall exclude transactions settled on DCAs. (c) A transaction fee calculated on the same basis as the schedule established for PM account holders, in line with paragraph 1(b). The ancillary system may choose one of the two options: either to pay a flat EUR 0,80 fee per payment instruction (Option A) or to pay a fee calculated on a degressive basis (Option B), subject to the following modifications: (i) for Option B, the limits of the bands relating to volume of payment instructions are divided by two; and (ii) a monthly fixed fee of EUR 150 (under Option A) or EUR 1 875 (under Option B) shall be charged in addition to Fixed Fee I and Fixed Fee II. (d) In addition to the fees set out in points (a) to (c), an ancillary system using the ASI or the Participant Interface shall also be subject to the following fees: (i) If the ancillary system makes use of the TARGET2 value-added services for T2S, the monthly fee for the use of the value added services shall be EUR 50 for those systems that have chosen option A and EUR 625 for those systems that have chosen option B. This fee shall be charged for each account held by the ancillary system that uses the services; (ii) If the ancillary system holds a Main PM account linked to one or more DCAs, the monthly fee shall be EUR 250 for each linked DCA; and (iii) The ancillary system as Main PM account holder shall be charged the following fees for T2S services connected with the linked DCA(s). These items shall be billed separately: Tariff items Price Explanation Settlement services DCA to DCA liquidity transfer orders 9 euro cent per transfer Intra-balance movement (i.e. blocking, unblocking, reservation of liquidity etc.) 6 euro cent per transaction Information services A2A reports 0,4 euro cent Per business item in any A2A report generated A2A queries 0,7 euro cent Per queried business item in any A2A query generated U2A queries 10 euro cent Per executed search function U2A queries downloaded 0,7 euro cent Per queried business item in any U2A query generated and downloaded Messages bundled into a file 0,4 euro cent Per message in a file Transmissions 1,2 euro cent Per transmission’;