natgillin/translations-raw huggingface dataset:
and ( iii ) no interest compensation shall be payable if and in so far as funds resulting from non-settled payment orders were placed in the market or used to fulfil minimum reserve requirements .
and ( iii ) no interest compensation shall be payable if and in so far as funds resulting from non-settled payment 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 payment order , EUR 25 for each of the next four such payment orders and EUR 12,50 for each further such payment order .
( b ) With respect to a compensation offer for a payee : ( i ) the administration fee shall be EUR 50 for the first non-settled payment order , EUR 25 for each of the next four such payment orders and EUR 12,50 for each further such payment order .
The administration fee shall be calculated separately in relation to each payer ;
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 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 TARGET2 .
( 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 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 TARGET2 .
Procedural rules ( a ) A claim for compensation shall be submitted on the claim form available on the website of the ECB in English ( see www.ecb.int ) .
Procedural rules ( a ) A claim for compensation shall be submitted on the claim form available on the website of the ECB in English ( see www.ecb.int ) .
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 .
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 .
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 .
Only one claim may be submitted in relation to a specific payment or payment order .
( b ) Within four weeks of a technical malfunction of TARGET2 , participants shall submit their claim form ( s ) to the ECB .
( b ) Within four weeks of a technical malfunction of TARGET2 , participants shall submit their claim form ( s ) to the ECB .
Any additional information and evidence requested by the ECB shall be supplied within two weeks of such request being made .
Any additional information and evidence requested by the ECB shall be supplied within two weeks of such request being made .
( c ) 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 TARGET2 occurs .
( c ) 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 TARGET2 occurs .
( d ) The ECB shall communicate the result of the assessment referred to in subparagraph ( c ) to the relevant participants .
( 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 payment or payment order comprised within each claim , by signing a standard letter of acceptance ( in the form available on the website of the ECB ( see www.ecb.int ) .
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 payment or payment order comprised within each claim , by signing a standard letter of acceptance ( in the form available on the website of the ECB ( see www.ecb.int ) .
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 .
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 .
( 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 .
No interest shall be payable on any compensation payment .
2007D0007 --- CS --- 12.05.2010 --- 003.001 --- 29 ▼B Appendix III TERMS OF REFERENCE FOR CAPACITY AND COUNTRY OPINIONS Terms of reference for capacity opinions for participants in TARGET2
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 30 ▼B Appendix III TERMS OF REFERENCE FOR CAPACITY AND COUNTRY OPINIONS Terms of reference for capacity opinions for participants in TARGET2
The European Central Bank Kaiserstrasse 29 D-60311 Frankfurt am Main Germany Participation in TARGET2-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 ;
The European Central Bank Kaiserstrasse 29 D-60311 Frankfurt am Main Germany Participation in TARGET2-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 TARGET2-ECB ( hereinafter the « System ') .
hereinafter the « jurisdiction '] in connection with the participation of [ specify name of Participant ] ( hereinafter the « Participant ') in TARGET2-ECB ( hereinafter the « System ') .
This Opinion is confined to the laws of [ jurisdiction ] as they exist as on the date of this Opinion .
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 .
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 payment orders and receiving payments .
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 payment orders and receiving payments .
I. DOCUMENTS EXAMINED For the purposes of this Opinion , we have examined : ( 1 ) a certified copy of the [ specify relevant constitutional document ( s )] of the Participant such as is / are in effect on the date hereof ;
DOCUMENTS EXAMINED For the purposes of this Opinion , we have examined : ( 1 ) a certified copy of the [ specify relevant constitutional document ( s )] of the Participant such as is / are 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 [ 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 [ jurisdiction ] ;
( 4 ) [ if applicable ] a copy of a resolution adopted by the board of directors or the relevant governing body of the Participant on [ insert date ] , [ insert year ] , evidencing the Participant 's agreement to adhere to the System Documents , as defined below ;
( 4 ) [ if applicable ] a copy of a resolution adopted by the board of directors or the relevant governing 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 ] ;
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 ] ;
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 ') .
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 31 ▼B 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 ) the terms and conditions of TARGET2-ECB dated [ insert date ] ( hereinafter the « Rules ') ;
For the purposes of this Opinion , we have also examined : ( 1 ) the terms and conditions of TARGET2-ECB dated [ insert date ] ( hereinafter the « Rules ') ;
and ( 2 ) [...
and ( 2 ) [...
The Rules and the [...
The Rules and the [...
] shall be referred to hereinafter as the « System Documents » ( and collectively with the Participant Documents as the « Documents ') .
] shall be referred to hereinafter as the « System Documents » ( and collectively with the Participant Documents as the « Documents ') .
2007D0007 --- CS --- 12.05.2010 --- 003.001 --- 30 ▼B II .
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 ;
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 ;
( 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 ;
( 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 .
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 .
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 ] .
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 ] .
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 will 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 will 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 laws 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 ] .
E. The Participant has taken all necessary corporate action and other steps necessary under the laws 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 national central bank / relevant regulatory authorities ] of [ jurisdiction ] ] .
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 national central bank / relevant regulatory authorities ] of [ jurisdiction ] ] .
Yours faithfully , [ signature ]
Yours faithfully , [ signature ]
2007D0007 --- CS --- 12.05.2010 --- 003.001 --- 31 ▼B Terms of reference for country opinions for non-EEA participants in TARGET2
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 32 ▼B Terms of reference for country opinions for non-EEA participants in TARGET2
The European Central Bank Kaiserstrasse 29 D-60311 Frankfurt am Main Germany TARGET2-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 ;
The European Central Bank Kaiserstrasse 29 D-60311 Frankfurt am Main Germany TARGET2-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 a system which is a component of TARGET2 ( hereinafter the « System ') .
hereinafter the « jurisdiction '] to provide this Opinion under the laws of [ jurisdiction ] in connection with the participation of the Participant in a system which is a component of TARGET2 ( hereinafter the « System ') .
References herein to the laws of [ jurisdiction ] include all applicable regulations of [ jurisdiction ] .
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 .
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 .
This Opinion is confined to the laws of [ jurisdiction ] as they exist on the date of this Opinion .
We have assumed that there is nothing in the laws of another jurisdiction which affects this Opinion .
We have assumed that there is nothing in the laws of another jurisdiction which affects this Opinion .
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 ) the terms and conditions of TARGET2-ECB dated [ insert date ] ( hereinafter the « Rules ') ;
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 ) the terms and conditions of TARGET2-ECB dated [ insert date ] ( 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 .
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 .
] shall be referred to hereinafter as the « System Documents » .
] shall be referred to hereinafter as the « System Documents » .
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 ;
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 ;
( 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 participants in the System through which any payment orders are sent or payments 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 ;
( 3 ) the participants in the System through which any payment orders are sent or payments 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 .
and ( 4 ) the documents submitted to us in copy or as specimens conform to the originals .
2007D0007 --- CS --- 12.05.2010 --- 003.001 --- 32 ▼B 3 .
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 33 ▼B 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 .
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 ] .
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 ] .
General insolvency issues 3.2 .
General insolvency issues 3.2 .