natgillin/translations-raw huggingface dataset:
Jakékoli poskytnutí vnitrodenního úvěru ze strany ECB se uskuteční v souladu s pravidly pro poskytování vnitrodenního úvěru , která jsou stanovena v příloze III obecných zásad ECB / 2007/2 .
Any granting of intraday credit by the ECB shall be done in accordance with the rules on the provision of intraday credit laid down in Annex III to Guideline ECB / 2007/2 .
Článek 3 Podmínky TARGET2-ECB Podmínky TARGET2-ECB jsou obsaženy v příloze tohoto rozhodnutí .
Article 3 Terms and conditions of TARGET2-ECB The terms and conditions of TARGET2-ECB shall be those contained in the Annex to this Decision .
Článek 4 Vstup v platnost 1 .
Article 4 Entry into force 1 .
Toto rozhodnutí vstupuje v platnost dnem 19 . května 2008 .
This Decision shall enter into force on 19 May 2008 .
března 1999 o platebním mechanismu Evropské centrální banky a rozhodnutí ECB / 2003 / NP 2 ze dne 28 . ledna 2003 , kterým se mění rozhodnutí ECB / 1999 / NP3 o platebním mechanismu Evropské centrální banky , se zrušují s účinkem ode dne vstupu v platnost tohoto rozhodnutí a odkazy na rozhodnutí ECB / 1999 / NP3 a ECB / 2003 / NP2 se považují za odkazy na toto rozhodnutí .
Decision ECB / 1999 / NP 3 of 16 March 1999 on the European Central Bank Payment Mechanism and Decision ECB / 2003 / NP 2 of 28 January 2003 amending Decision ECB / 1999 / NP3 on the European Central Bank Payment Mechanism shall be repealed with effect from the date of entry into force of this Decision and references to Decisions ECB / 1999 / NP3 and ECB / 2003 / NP2 shall be construed as references to this Decision . ( 1 ) The Eurosystem 's current policy for the location of infrastructure is set out in the following statements , which are all available on the ECB website at www .
( 1 ) Stávající politika Eurosystému v oblasti umístění infrastruktury je stanovena v následujících dokumentech , které jsou k dispozici na internetových stránkách ECB www.ecb.europa.eu : a ) „Policy statement on euro payment and settlement systems located outside the euro area » z 3 . listopadu 1998 ;
europa . eu : ( a ) the « Policy statement on euro payment and settlement systems located outside the euro area » of 3 November 1998 ;
c ) „The Eurosystem policy principles on the location and operation of infrastructures settling in euro-denominated payment transactions » z 19 .
( c ) « The Eurosystem policy principles on the location and operation of infrastructures settling in euro-denominated payment transactions » of 19 July 2007 ;
července 2007 a d ) „The Eurosystem policy principles on the location and operation of infrastructures settling euro-denominated payment transactions : specification of ‚legally and operationally located in the euro area » » z 20 .
and ( d ) « The Eurosystem policy principles on the location and operation of infrastructures settling eurodenominated payment transactions : specification of « legally and operationally located in the euro area » « of 20 November 2008 .
2007D0007 --- CS --- 12.05.2010 --- 003.001 --- 4 ▼B ANNEX TERMS AND CONDITIONS OF TARGET2-ECB TITLE I GENERAL PROVISIONS Article 1 Definitions For the purposes of these Terms and Conditions ( hereinafter the « Conditions ') , the following definitions apply : --- « addressable BIC holder » means an entity which : ( a ) holds a Bank Identifier Code ( BIC ) ;
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 4 ▼B ANNEX TERMS AND CONDITIONS OF TARGET2-ECB TITLE I GENERAL PROVISIONS Article 1 Definitions For the purposes of these Terms and Conditions ( hereinafter the « Conditions ') , the following definitions apply : --- « addressable BIC holder » means an entity which : ( a ) holds a Bank Identifier Code ( BIC ) ;
and ( c ) is a correspondent or customer of a direct participant or a branch of a direct or indirect participant , and is able to submit payment orders to and receive payments from a TARGET2 component system via the direct participant ,
and ( c ) is a correspondent or customer of a direct participant or a branch of a direct or indirect participant , and is able to submit payment orders to and receive payments from a TARGET2 component system via the direct participant ,
▼M2
▼M2
--- « ancillary system ( AS ) » means a system managed by an entity 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 website ( 1 ) , in which payments and / or financial instruments are exchanged and / or cleared while the resulting monetary obligations are settled in TARGET2 in accordance with Guideline ECB / 2007/2 and a bilateral arrangement between the ancillary system and the relevant CB , --- « ancillary system central bank ( ASCB ) » means the Eurosystem CB with which the relevant AS has a bilateral arrangement for the settlement of AS payment instructions in the PM , --- « Ancillary System Interface ( ASI ) » means the technical device allowing an AS to use a range of special , predefined services for the submission and settlement of AS payment instructions , --- « available liquidity » ( or « liquidity ') means a credit balance on a TARGET2 participant 's PM account and , if applicable , any intraday credit line granted by the relevant CB in relation to such account ,
--- « ancillary system ( AS ) » means a system managed by an entity 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 website ( 1 ) , in which payments and / or financial instruments are exchanged and / or cleared while the resulting monetary obligations are settled in TARGET2 in accordance with Guideline ECB / 2007/2 and a bilateral arrangement between the ancillary system and the relevant CB , --- « ancillary system central bank ( ASCB ) » means the Eurosystem CB with which the relevant AS has a bilateral arrangement for the settlement of AS payment instructions in the PM , --- « Ancillary System Interface ( ASI ) » means the technical device allowing an AS to use a range of special , predefined services for the submission and settlement of AS payment instructions , --- « available liquidity » ( or « liquidity ') means a credit balance on a TARGET2 participant 's PM account and , if applicable , any intraday credit line granted by the relevant CB in relation to such account ,
▼M2 ▼B
▼M2 ▼B
__________ --- « Bank Identifier Code ( BIC ) » means a code as defined by ISO Standard No 9362 , --- « branch » means a branch within the meaning of § 24a of the Gesetz über das Kreditwesen ( KWG , German Law on banking ) , --- « business day » means any day on which TARGET2 is open for the settlement of payment orders , as set out in Appendix V , --- « 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 under these Conditions , --- « central banks ( CBs ) » means the Eurosystem CBs and the connected CBs , ( 1 ) The Eurosystem 's current policy for the location of infrastructure is set out in the following statements , which are all available on the ECB website at www.ecb.europa .
__________ --- « Bank Identifier Code ( BIC ) » means a code as defined by ISO Standard No 9362 , --- « branch » means a branch within the meaning of § 24a of the Gesetz über das Kreditwesen ( KWG , German Law on banking ) , --- « business day » means any day on which TARGET2 is open for the settlement of payment orders , as set out in Appendix V , --- « 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 under these Conditions , --- « central banks ( CBs ) » means the Eurosystem CBs and the connected CBs , ( 1 ) The Eurosystem 's current policy for the location of infrastructure is set out in the following statements , which are all available on the ECB website at www.ecb.europa .
eu : ( a ) the « Policy statement on euro payment and settlement systems located outside the euro area » of 3 November 1998 ;
eu : ( a ) the « Policy statement on euro payment and settlement systems located outside the euro area » of 3 November 1998 ;
( b ) « The Eurosystem 's policy line with regard to consolidation in central counterparty clearing » of 27 September 2001 ;
( b ) « The Eurosystem 's policy line with regard to consolidation in central counterparty clearing » of 27 September 2001 ;
( c ) « The Eurosystem policy principles on the location and operation of infrastructures settling in eurodenominated payment transactions » of 19 July 2007 ;
( c ) « The Eurosystem policy principles on the location and operation of infrastructures settling in eurodenominated payment transactions » of 19 July 2007 ;
and ( d ) « The Eurosystem policy principles on the location and operation of infrastructures settling euro-denominated payment transactions : specification of « legally and operationally located in the euro area » « of 20 November 2008 .
and ( d ) « The Eurosystem policy principles on the location and operation of infrastructures settling euro-denominated payment transactions : specification of « legally and operationally located in the euro area » « of 20 November 2008 .
2007D0007 --- CS --- 12.05.2010 --- 003.001 --- 5 ▼B --- « connected CB » means a national central bank ( NCB ) , other than a Eurosystem CB , which is connected to TARGET2 pursuant to a specific agreement , --- « Contingency Module » means the SSP module enabling the processing of critical and very critical payments in contingency situations ,
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 5 ▼B --- « connected CB » means a national central bank ( NCB ) , other than a Eurosystem CB , which is connected to TARGET2 pursuant to a specific agreement , --- « Contingency Module » means the SSP module enabling the processing of critical and very critical payments in contingency situations ,
▼M1
▼M1
--- « credit institution » means either : ( a ) a credit institution within the meaning of § 1 ( 1 ) of the KWG ;
--- « credit institution » means either : ( a ) a credit institution within the meaning of § 1 ( 1 ) of the KWG ;
( 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 subparagraph ( b ) ;
( c ) the submission of an application relating to the proceedings referred to in subparagraph ( 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 its PM account 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 its PM account 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 ;
2007D0007 --- CS --- 12.05.2010 --- 003.001 --- 6 ▼B ( h ) where participation of the participant in another TARGET2 component system and / or in an ancillary system has been suspended or terminated ;
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 6 ▼B ( h ) where participation of the participant in another TARGET2 component system and / or in an ancillary system 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 ;
or ( j ) the assignment of all or a substantial part of the participant 's assets ;
or ( j ) the assignment of all or a substantial part of the participant 's assets ;
this facility authorises these entities to submit their payment orders through the direct participant 's PM account without that participant 's involvement , --- « network service provider » means the undertaking appointed by the ECB 's Governing Council to provide computerised network connections for the purpose of submitting payment messages in TARGET2 , --- « non-settled payment order » means a payment order that is not settled on the same business day as that on which it is accepted , --- « participant » ( or « direct participant ') means an entity that holds at least one PM account with the ECB , --- « Participant Interface ( PI ) » means the technical device allowing direct participants to submit and settle payment orders via the services offered in the PM , --- « payee » means a TARGET2 participant whose PM account will be credited as a result of a payment order being settled , --- « payer » means a TARGET2 participant whose PM account will be debited as a result of a payment order being settled , --- « payment instruction » or « AS payment instruction » means a credit instruction or a debit instruction , --- « payment order » means a credit transfer order , a liquidity transfer order or a direct debit instruction , --- « Payments Module ( PM ) » means an SSP module in which payments of TARGET2 participants are settled on PM accounts , --- « PM account » means an account held by a TARGET2 participant in the PM with a CB which is necessary for such TARGET2 participant to :
this facility authorises these entities to submit their payment orders through the direct participant 's PM account without that participant 's involvement , --- « network service provider » means the undertaking appointed by the ECB 's Governing Council to provide computerised network connections for the purpose of submitting payment messages in TARGET2 , --- « non-settled payment order » means a payment order that is not settled on the same business day as that on which it is accepted , --- « participant » ( or « direct participant ') means an entity that holds at least one PM account with the ECB , --- « Participant Interface ( PI ) » means the technical device allowing direct participants to submit and settle payment orders via the services offered in the PM , --- « payee » means a TARGET2 participant whose PM account will be credited as a result of a payment order being settled , --- « payer » means a TARGET2 participant whose PM account will be debited as a result of a payment order being settled , --- « payment instruction » or « AS payment instruction » means a credit instruction or a debit instruction , --- « payment order » means a credit transfer order , a liquidity transfer order or a direct debit instruction , --- « Payments Module ( PM ) » means an SSP module in which payments of TARGET2 participants are settled on PM accounts ,
2007D0007 --- CS --- 12.05.2010 --- 003.001 --- 7 ▼B ( a ) submit payment orders or receive payments via TARGET2 ;
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 7 ▼B --- « PM account » means an account held by a TARGET2 participant in the PM with a CB which is necessary for such TARGET2 participant to : ( a ) submit payment orders or receive payments via TARGET2 ;
and ( b ) settle such payments with such CB ;
and ( b ) settle such payments with such CB ;
--- « 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 of 13 December 1993 specifying definitions for the application of the prohibitions referred to in Articles 104 and 104b ( 1 ) of the Treaty ( 1 ) ( now Articles 101 and 103 ( 1 )) , --- « settlement bank » means a participant whose PM account or sub-account is used to settle AS payment instructions , --- « settlement central bank ( SCB ) » means a Eurosystem CB holding a settlement bank 's PM account , --- « Settlement Finality Directive » means 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 ( 2 ) ;
--- « 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 of 13 December 1993 specifying definitions for the application of the prohibitions referred to in Articles 104 and 104b ( 1 ) of the Treaty ( 1 ) ( now Articles 101 and 103 ( 1 )) , --- « settlement bank » means a participant whose PM account or sub-account is used to settle AS payment instructions , --- « settlement central bank ( SCB ) » means a Eurosystem CB holding a settlement bank 's PM account , --- « Settlement Finality Directive » means 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 ( 2 ) ;
--- « Single Shared Platform ( SSP ) » means the single technical platform infrastructure provided by the SSP-providing CBs , --- « SSP-providing CBs » means the Deutsche Bundesbank , the Banque de France and the Banca d' Italia in their capacity as the CBs building and operating the SSP for the Eurosystem 's benefit , --- « static data collection form » means a form developed by the ECB for the purpose of registering applicants for TARGET2-ECB services and registering any changes in relation to the provision of such services , --- « suspension » means the temporary freezing of the rights and obligations of a participant for a period of time to be determined by the ECB , --- « TARGET2-ECB » means the TARGET2 component system of the ECB , --- « TARGET2 » means the entirety resulting from all TARGET2 component systems of the CBs , --- « TARGET2 component system » means any of the CBs » real-time gross settlement ( RTGS ) systems that form part of TARGET2 , --- « TARGET2 CUG » means a subset of the network service provider 's customers grouped for the purpose of their use of the relevant services and products of the network service provider when accessing the PM , --- « TARGET2 participant » means any participant in any TARGET2 component system ,
--- « Single Shared Platform ( SSP ) » means the single technical platform infrastructure provided by the SSP-providing CBs , --- « SSP-providing CBs » means the Deutsche Bundesbank , the Banque de France and the Banca d' Italia in their capacity as the CBs building and operating the SSP for the Eurosystem 's benefit , --- « static data collection form » means a form developed by the ECB for the purpose of registering applicants for TARGET2-ECB services and registering any changes in relation to the provision of such services , --- « suspension » means the temporary freezing of the rights and obligations of a participant for a period of time to be determined by the ECB , --- « TARGET2-ECB » means the TARGET2 component system of the ECB , --- « TARGET2 » means the entirety resulting from all TARGET2 component systems of the CBs , --- « TARGET2 component system » means any of the CBs » real-time gross settlement ( RTGS ) systems that form part of TARGET2 , --- « TARGET2 CUG » means a subset of the network service provider 's customers grouped for the purpose of their use of the relevant services and products of the network service provider when accessing the PM , --- « TARGET2 participant » means any participant in any TARGET2 component system ,
--- « technical malfunction of TARGET2 » means any difficulty , defect or failure in the technical infrastructure and / or the computer systems used by TARGET2-ECB , or any other event that makes it impossible to execute and complete the same-day processing of payments in TARGET2-ECB .
--- « technical malfunction of TARGET2 » means any difficulty , defect or failure in the technical infrastructure and / or the computer systems used by TARGET2-ECB , or any other event that makes it impossible to execute and complete the same-day processing of payments in TARGET2-ECB .
▼B Article 2 Appendices 1 .
▼B Article 2 Appendices 1 .
The following Appendices form an integral part of these Conditions : Technical specifications for the processing of payment orders TARGET2 compensation scheme Terms of reference for capacity and country opinions Business continuity and contingency procedures Operating schedule Fee schedule and invoicing
The following Appendices form an integral part of these Conditions : Technical specifications for the processing of payment orders TARGET2 compensation scheme Terms of reference for capacity and country opinions Business continuity and contingency procedures Operating schedule Fee schedule and invoicing
Appendix I : Appendix II : Appendix III : Appendix IV : Appendix V : Appendix VI :
Appendix I : Appendix II : Appendix III : Appendix IV : Appendix V : Appendix VI :
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 . ( 1 ) OJ L 332 , 31.12.1993 , p. 1 .
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 8 ▼B 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 .
2007D0007 --- CS --- 12.05.2010 --- 003.001 --- 8 ▼B Article 3 General description of TARGET2-ECB and TARGET2 1 .
Article 3 General description of TARGET2-ECB and TARGET2 1 .
TARGET2 provides real-time gross settlement for payments in euro , with settlement in central bank money .
TARGET2 provides real-time gross settlement for payments in euro , with settlement in central bank money .
The following payment orders are processed in TARGET2-ECB :
The following payment orders are processed in TARGET2-ECB :
( a ) payment orders directly resulting from or made in connection with Eurosystem monetary policy operations ;
( a ) payment orders directly resulting from or made in connection with Eurosystem monetary policy operations ;
( b ) settlement of the euro leg of foreign exchange operations involving the Eurosystem ;
( b ) settlement of the euro leg of foreign exchange operations involving the Eurosystem ;
( c ) settlement of euro transfers resulting from transactions in cross-border largevalue netting systems ;
( c ) settlement of euro transfers resulting from transactions in cross-border largevalue netting systems ;
( d ) settlement of euro transfers resulting from transactions in euro retail payment systems of systemic importance ;
( d ) settlement of euro transfers resulting from transactions in euro retail payment systems of systemic importance ;
and ( e ) any other payment orders in euro addressed to TARGET2 participants .
and ( e ) any other payment orders in euro addressed to TARGET2 participants .
TARGET2 is established and functions on the basis of the SSP .
TARGET2 is established and functions on the basis of the SSP .
The Eurosystem specifies the SSP 's technical configuration and features .
The Eurosystem specifies the SSP 's technical configuration and features .
The SSP services are provided by the SSP-providing CBs for the benefit of the Eurosystem CBs , pursuant to separate agreements .
The SSP services are provided by the SSP-providing CBs for the benefit of the Eurosystem CBs , pursuant to separate agreements .
The ECB is the provider of services under these Conditions .
The ECB is the provider of services under these Conditions .