--- « Information and Control Module ( ICM ) » means the SSP module that allows participants to obtain on-line information and gives them the possibility to submit liquidity transfer orders , manage liquidity and initiate backup payment orders in contingency situations , --- « ICM broadcast message » means information made simultaneously available to all or a selected group of TARGET2 participants via the ICM , --- « indirect participant » means a credit institution established in the European Economic Area ( EEA ) , which has entered into an agreement with a direct participant to submit payment orders and receive payments via such direct participant 's PM account , and which has been recognised by a TARGET2 component system as an indirect participant , --- « insolvency proceedings » means insolvency proceedings within the meaning of Article 2 ( j ) of the Settlement Finality Directive , --- « instructing participant » means a TARGET2 participant that has initiated a payment order , --- « intraday credit » means credit extended for a period of less than one business day , --- « liquidity transfer order » means a payment order , the main purpose of which is to transfer liquidity between different accounts of the same participant , --- « marginal lending facility » means a Eurosystem standing facility which counterparties may use to receive overnight credit from a Eurosystem CB at the pre-specified marginal lending rate , --- « marginal lending rate » means the interest rate applicable to the marginal lending facility , --- « multi-addressee access » means the facility by which branches or credit institutions established in the EEA can access the relevant TARGET2 component system by submitting payment orders and / or receiving payments directly to and from the TARGET2 component system ;
--- « Information and Control Module ( ICM ) » means the SSP module that allows participants to obtain on-line information and gives them the possibility to submit liquidity transfer orders , manage liquidity and initiate backup payment orders in contingency situations , --- « ICM broadcast message » means information made simultaneously available to all or a selected group of TARGET2 participants via the ICM , --- « indirect participant » means a credit institution established in the European Economic Area ( EEA ) , which has entered into an agreement with a direct participant to submit payment orders and receive payments via such direct participant 's PM account , and which has been recognised by a TARGET2 component system as an indirect participant , --- « insolvency proceedings » means insolvency proceedings within the meaning of Article 2 ( j ) of the Settlement Finality Directive , --- « instructing participant » means a TARGET2 participant that has initiated a payment order , --- « intraday credit » means credit extended for a period of less than one business day , --- « liquidity transfer order » means a payment order , the main purpose of which is to transfer liquidity between different accounts of the same participant , --- « marginal lending facility » means a Eurosystem standing facility which counterparties may use to receive overnight credit from a Eurosystem CB at the pre-specified marginal lending rate , --- « marginal lending rate » means the interest rate applicable to the marginal lending facility , --- « multi-addressee access » means the facility by which branches or credit institutions established in the EEA can access the relevant TARGET2 component system by submitting payment orders and / or receiving payments directly to and from the TARGET2 component system ;