32012D0031(01)  
L 13/8  SLUŽBENI LIST EUROPSKE UNIJE  17.1.2013.  
ODLUKA EUROPSKE SREDIŠNJE BANKE  
od 11. prosinca 2012.  
o izmjeni Odluke ESB/2007/7 o uvjetima sustava TARGET2-ECB  
(ESB/2012/31)  
(2013/31/EU)  
IZVRŠNI ODBOR EUROPSKE SREDIŠNJE BANKE,  
uzimaju ći u obzir Ugovor o funkcioniranju Europske unije, a 
posebno njegov članak 127. stavak 2.,  
uzimaju ći u obzir Statut Europskog sustava središnjih banaka i 
Europske središnje banke, a posebno njegov članak 11. stavak 
11.6. i članke 17., 22. i 23.,  
uzimaju ći u obzir Smjernicu ESB/2012/27 od 5. prosinca 2012. 
o Transeuropskom automatiziranom sustavu ekspresnih 
nov čanih transakcija u realnom vremenu na bruto na čelu 
(sustav TARGET2) (  1 ), a posebno njezin članak 8. stavak 2.,  
budu ći da:  
(1) Smjernica ESB/2007/2 od 26. travnja 2007. o Transeu ­
ropskom automatiziranom sustavu ekspresnih nov čanih 
transakcija u realnom vremenu na bruto na čelu (sustav 
TARGET2) (  2 ) nedavno je preina čena kako bi se uklju čila 
pravila koja su prethodno bila unutarnja pravila Eurosu ­
stava i dodale neophodne definicije, kao i odredbe u vezi 
s neprimjenjivoš ću sankcija na banke izvan Unije, 
razmjenom informacija glede privremenog ili trajnog 
ukidanja pristupa operacijama monetarne politike i 
posljedicama toga privremenog ili trajnog ukidanja.  
(2) Stoga je potrebno izmijeniti Odluku ESB/2007/7 od 
24. srpnja 2007. o uvjetima sustava TARGET2-ECB (  3 ) 
kako bi se: (a) unijeli odre đeni elementi iz Smjernice 
ESB/2012/27 u uvjete sustava TARGET2-ECB; i (b) ažuri ­
rala upu ćivanja na nacionalno zakonodavstvo u vezi s Direktivom 98/26/EZ Europskog parlamenta i Vije ća od 
19. svibnja 1998. o kona čnosti namire u sustavima 
namire pla ćanja i vrijednosnih papira (  4 ), 
DONIO JE OVU ODLUKU  
Članak 1.  
Izmjene Odluke ESB/2007/7  
Odluka ESB/2007/7 mijenja se kako slijedi:  
1. U članku 1. stavku 1. to čki (c) prva bilješka zamjenjuje se 
sljede ćim: 
„(1) Važe ća politika Eurosustava u vezi s lokacijom infra ­
strukture utvr đena je u sljede ćim izjavama, koje su sve 
dostupne na internetskoj stranici ESB-a www.ecb.europa. 
eu: (a)  Policy statement on euro payment and settlement 
systems located outside the euro area  od 3. studenoga 
1998.; (b)  The Eurosystem’s policy line with regard to conso ­
lidation in central counterparty clearing  od 27. rujna 2001.; 
(c) The Eurosystem policy principles on the location and 
operation of infrastructures settling in euro-denominated 
payment transaction  od 19. srpnja 2007.; (d)  The Eurosy ­
stem policy principles on the location and operation of infra ­
structures settling euro-denominated payment transactions: 
specification of legally and operationally located in the euro 
area od 20. studenoga 2008.; (e)  The Eurosystem oversight 
policy framework  od srpnja 2011.”  
2. Prilog Odluci ESB/2007/7 mijenja se u skladu s Prilogom 
ovoj Odluci.HR 168 Službeni list Europske unije 10/Sv. 7  
( 1 ) Još nije objavljeno u Službenom listu.  
( 2 ) SL L 237, 8.9.2007., str. 1.  
( 3 ) SL L 237, 8.9.2007., str. 71.  (  4 ) SL L 166, 11.6.1998., str. 45.
 Članak 2.  
Stupanje na snagu  
Ova Odluka stupa na snagu 1. sije čnja 2013.  
Sastavljeno u Frankfurtu na Majni 11. prosinca 2012.  
Predsjednik ESB-a  
Mario DRAGHIHR 10/Sv. 7 Službeni list Europske unije 169
 
PRILOG  
Prilog Odluci ESB/2007/7 mijenja se kako slijedi:  
1. Članak 1. mijenja se kako slijedi:  
(a) definicija pojma „Eurosystem CBs” zamjenjuje se sljede ćim: 
„— ‚Eurosystem CB’ means the ECB or a euro area NCB,”;  
(b) ume će se sljede ća definicija:  
„— ‚euro area NCB’ means the national central bank (NCB) of a Member State whose currency is the euro,”.  
2. U članku 20. stavak 1. zamjenjuje se sljede ćim: 
„1. For the purposes of the first sentence of Article 3(1) of the Settlement Finality Directive and the third sentence 
of § 116, § 96(2), § 82 and § 340(3) of the German Insolvency Code ( Insolvenzordnung ) and the last sentence of § 
46(2) of the KWG, payment orders are deemed entered into TARGET2-ECB at the moment that the relevant 
participant’s PM account is debited.”  
3. U članku 25. stavak 5. zamjenjuje se sljede ćim: 
„5. Notwithstanding Sections 675(u), 675(v), 675(x), 675y 675z, 676a, 676c of the German Civil Code ( Bürgerliches 
Gesetzbuch ), paragraphs 1 to 4 shall apply to the extent that the ECB’s liability can be excluded.”  
4. U članku 33. stavku 3. prva re čenica zamjenjuje se sljede ćim: 
„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 Articles 75 or 215 of the Treaty on the 
Functioning of the European Union 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:”.  
5. Dodatak VI. zamjenjuje se sljede ćim: 
„Appendix VI  
FEE SCHEDULE AND INVOICING  
Fees and invoicing for direct participants  
1. The monthly fee for the processing of payment orders in TARGET2-ECB for direct participants, depending on 
which option the direct participant has chosen, shall be either:  
(a) EUR 150 per PM account plus a flat fee per transaction (debit entry) of EUR 0,80; or  
(b) EUR 1 875 per PM account plus a fee per transaction (debit entry) determined as follows, based on the volume 
of transactions (number of processed items) per month:  
Band  From  To  Price 
(EUR)  
1 1  10 000  0,60  
2 10 001  25 000  0,50  
3 25 001  50 000  0,40  
4 50 001  100 000  0,20  
5 Above 100 000  —  0,125  
Liquidity transfers between a participant’s PM account and its sub-accounts shall not be subject to a charge.HR 170 Službeni list Europske unije 10/Sv. 7
 
2. There shall be an additional monthly fee for direct participants who do not wish the BIC of their account to be 
published in the TARGET2 directory of EUR 30 per account.  
3. The following invoicing rules apply to direct participants. The direct participant shall receive the invoice for the 
previous month specifying the fees to be paid, no later than on the fifth business day of the following month. 
Payment shall be made at the latest on the 10th working day of that month to the account specified by the ECB and 
shall be debited from that participant’s PM account.  
Fees and invoicing for ancillary systems  
4. 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 three elements, as set out below.  
(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 4 167, 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 
(EUR)  Monthly fee 
(EUR)  
1 0  below 1 000  5 000  417  
2 1 000  below 2 500  10 000  833  
3 2 500  below 5 000  20 000  1 667  
4 5 000  below 10 000  30 000  2 500  
5 10 000  below 50 000  40 000  3 333  
6 Above 50 000  —  50 000  4 167  
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 as from 1 January of each calendar year.  
(c) A transaction fee calculated on the same basis as the schedule established for direct participants in paragraph 1 of 
this Appendix. The ancillary systems 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.  
5. Any fee payable in relation to a payment instruction submitted or payment received by an ancillary system, via either 
the participant interface or the ASI, shall be exclusively charged to this ancillary system. The Governing Council may 
establish more detailed rules for the determination of billable transactions settled via the ASI.  
6. Each ancillary system shall receive an invoice from its respective ASCB for the previous month based on the fees 
referred to in paragraph 4, no later than the fifth business day of the following month. Payments shall be made no 
later than the 10th business day of this month to the account specified by the ASCB or shall be debited from an 
account specified by the ancillary system.  
7. For the purposes of this paragraph, each ancillary system that has been designated under Directive 98/26/EC shall be 
treated separately, even if two or more of them are operated by the same legal entity. The same rule shall apply to the 
ancillary systems that have not been designated under Directive 98/26/EC, in which case the ancillary systems shall be 
identified by reference to the following criteria: (a) a formal arrangement, based on a contractual or legislative 
instrument, e.g. an agreement among the participants and the system operator; (b) multiple membership; (c) 
common rules and standardised arrangements; (d) for the clearing, netting or settlement of payments or securities 
between the participants.”.HR 10/Sv. 7 Službeni list Europske unije 171