natgillin/translations-raw huggingface dataset:
( c ) The closing time shall be delayed in cases where an SSP failure has occurred before 18:00 and has not been resolved by 18.00 .
( c ) The closing time shall be delayed in cases where an SSP failure has occurred before 18:00 and has not been resolved by 18.00 .
The ECB shall immediately communicate the delay of closing time to participants .
The ECB shall immediately communicate the delay of closing time to participants .
( d ) Upon recovery of the SSP , the following steps shall take place : ( i ) The ECB shall seek to settle all queued payments within one hour ;
( d ) Upon recovery of the SSP , the following steps shall take place : ( i ) The ECB shall seek to settle all queued payments within one hour ;
this time is reduced to 30 minutes in the event that the SSP failure occurs at 17.30 or later ( in cases where the SSP failure was ongoing at 18.00 ) .
this time is reduced to 30 minutes in the event that the SSP failure occurs at 17.30 or later ( in cases where the SSP failure was ongoing at 18.00 ) .
( ii ) Participants » final balances shall be established within one hour ;
( ii ) Participants » final balances shall be established within one hour ;
this time shall be reduced to 30 minutes in the event that the SSP failure occurs at 17.30 or later , in cases where the SSP failure was ongoing at 18.00 .
this time shall be reduced to 30 minutes in the event that the SSP failure occurs at 17.30 or later , in cases where the SSP failure was ongoing at 18.00 .
( iii ) At the cut-off time for interbank payments , the end-of-day processing , including recourse to the Eurosystem standing facilities shall take place .
( iii ) At the cut-off time for interbank payments , the end-of-day processing , including recourse to the Eurosystem standing facilities shall take place .
( e ) Ancillary systems that require liquidity in the early morning need to have established means to cope with cases where the daytime processing cannot be started in time due to an SSP failure on the previous day .
( e ) Ancillary systems that require liquidity in the early morning need to have established means to cope with cases where the daytime processing cannot be started in time due to an SSP failure on the previous day .
Contingency processing ( a ) If it deems it necessary to do so , the ECB shall initiate the contingency processing of payment orders in the Contingency Module of the SSP .
Contingency processing ( a ) If it deems it necessary to do so , the ECB shall initiate the contingency processing of payment orders in the Contingency Module of the SSP .
In such cases , only a minimum service level shall be provided to participants .
In such cases , only a minimum service level shall be provided to participants .
The ECB shall inform its participants of the start of contingency processing by means of any available means of communication .
The ECB shall inform its participants of the start of contingency processing by means of any available means of communication .
( b ) In contingency processing , payment orders shall be processed manually by the ECB .
( b ) In contingency processing , payment orders shall be processed manually by the ECB .
( c ) The following payments shall be considered as « very critical » and the ECB shall use best efforts to process them in contingency situations : ( i ) CLS Bank International-related payments ;
( c ) The following payments shall be considered as « very critical » and the ECB shall use best efforts to process them in contingency situations : ( i ) CLS Bank International-related payments ;
( ii ) end-of-day settlement of EURO1 ;
( ii ) end-of-day settlement of EURO1 ;
and ( iii ) central counterparty margin calls .
and ( iii ) central counterparty margin calls .
( d ) The following types of payments shall be considered as « critical » and the ECB may decide to initiate contingency processing in relation to them : ( i ) payments in relation to the real-time settlement of interfaced securities settlement systems ;
( d ) The following types of payments shall be considered as « critical » and the ECB may decide to initiate contingency processing in relation to them : ( i ) payments in relation to the real-time settlement of interfaced securities settlement systems ;
and ( ii ) additional payments , if required to avoid systemic risk .
and ( ii ) additional payments , if required to avoid systemic risk .
( e ) Participants shall submit payment orders for contingency processing and information to payees shall be provided through encrypted and authenticated e-mail , as well as via authenticated fax. Information concerning account balances and debit and credit entries may be obtained via the ECB .
( e ) Participants shall submit payment orders for contingency processing and information to payees shall be provided through encrypted and authenticated e-mail , as well as via authenticated fax. Information concerning account balances and debit and credit entries may be obtained via the ECB .
( f ) Payment orders that have already been submitted to TARGET2-ECB , but are queued , may also undergo contingency processing .
( f ) Payment orders that have already been submitted to TARGET2-ECB , but are queued , may also undergo contingency processing .
In such cases the ECB shall endeavour to avoid the double processing of payment orders , but the participants shall bear the risk of such double processing if it occurred .
In such cases the ECB shall endeavour to avoid the double processing of payment orders , but the participants shall bear the risk of such double processing if it occurred .
( g ) For contingency processing of payment orders , participants shall provide additional collateral .
( g ) For contingency processing of payment orders , participants shall provide additional collateral .
During contingency processing , incoming contingency payments may be used to fund outgoing contingency payments .
During contingency processing , incoming contingency payments may be used to fund outgoing contingency payments .
For the purposes of contingency processing , participants » available liquidity may not be taken into account by the ECB .
For the purposes of contingency processing , participants » available liquidity may not be taken into account by the ECB .
2007D0007 --- CS --- 12.05.2010 --- 003.001 --- 37 ▼B 7 .
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 38 ▼B 7 .
Failures linked to participants or ancillary systems ( a ) In the event that a participant has a problem that prevents it from settling payments in TARGET2 it shall be its responsibility to resolve the problem .
Failures linked to participants or ancillary systems ( a ) In the event that a participant has a problem that prevents it from settling payments in TARGET2 it shall be its responsibility to resolve the problem .
In particular , a participant may use in-house solutions or the ICM functionality , i.e. backup lump sum payments and backup contingency payments ( CLS , EURO1 , STEP2 pre-fund ) .
In particular , a participant may use in-house solutions or the ICM functionality , i.e. backup lump sum payments and backup contingency payments ( CLS , EURO1 , STEP2 pre-fund ) .
( b ) If a participant decides to use the ICM functionality for making backup lump sum payments , the ECB shall , if the participant so requests , open this functionality via the ICM .
( b ) If a participant decides to use the ICM functionality for making backup lump sum payments , the ECB shall , if the participant so requests , open this functionality via the ICM .
If the participant so requests , the ECB shall transmit an ICM broadcast message to inform other participants about the participant 's use of backup lump sum payments .
If the participant so requests , the ECB shall transmit an ICM broadcast message to inform other participants about the participant 's use of backup lump sum payments .
The participant shall be responsible for sending such backup lump sum payments exclusively to other participants with which it has bilaterally agreed on the use of such payments and for any further steps in relation to such payments .
The participant shall be responsible for sending such backup lump sum payments exclusively to other participants with which it has bilaterally agreed on the use of such payments and for any further steps in relation to such payments .
( c ) If the measures referred to in subparagraph ( a ) are exhausted or if they are inefficient , the participant may request support from the ECB .
( c ) If the measures referred to in subparagraph ( a ) are exhausted or if they are inefficient , the participant may request support from the ECB .
( d ) In the event that a failure affects an ancillary system , that ancillary system shall be responsible for resolving the failure .
( d ) In the event that a failure affects an ancillary system , that ancillary system shall be responsible for resolving the failure .
If the ancillary system so requests , the ECB may act on its behalf .
If the ancillary system so requests , the ECB may act on its behalf .
The ECB shall have discretion to decide what support it gives to the ancillary system , including during the night-time operations of the ancillary system .
The ECB shall have discretion to decide what support it gives to the ancillary system , including during the night-time operations of the ancillary system .
The following contingency measures may be taken : ( i ) the ancillary system initiates clean payments ( i.e. payments that are not linked to the underlying transaction ) via the Participant Interface ;
The following contingency measures may be taken : ( i ) the ancillary system initiates clean payments ( i.e. payments that are not linked to the underlying transaction ) via the Participant Interface ;
( ii ) the ECB creates and / or processes XML instructions / files on behalf of the ancillary system ;
( ii ) the ECB creates and / or processes XML instructions / files on behalf of the ancillary system ;
and / or ( iii ) the ECB makes clean payments on behalf of the ancillary system .
and / or ( iii ) the ECB makes clean payments on behalf of the ancillary system .
( e ) The detailed contingency measures with respect to ancillary systems shall be contained in the bilateral arrangements between the ECB and the relevant ancillary system .
( e ) The detailed contingency measures with respect to ancillary systems shall be contained in the bilateral arrangements between the ECB and the relevant ancillary system .
Other provisions ( a ) In the event that certain data are unavailable because one of the events referred to in paragraph 3 ( a ) has occurred , the ECB is entitled to start or continue processing payment orders and / or operate TARGET2-ECB on the basis of the last available data , as determined by the ECB .
Other provisions ( a ) In the event that certain data are unavailable because one of the events referred to in paragraph 3 ( a ) has occurred , the ECB is entitled to start or continue processing payment orders and / or operate TARGET2-ECB on the basis of the last available data , as determined by the ECB .
If so requested by the ECB , participants and ancillary systems shall resubmit their FileAct / Interact messages or take any other action deemed appropriate by the ECB .
If so requested by the ECB , participants and ancillary systems shall resubmit their FileAct / Interact messages or take any other action deemed appropriate by the ECB .
( b ) In the event of a failure of the ECB , some or all of its technical functions in relation to TARGET2-ECB may be performed by other Eurosystem CBs .
( b ) In the event of a failure of the ECB , some or all of its technical functions in relation to TARGET2-ECB may be performed by other Eurosystem CBs .
( 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 preventive arrangements , as deemed necessary by the ECB .
( 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 preventive 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 .
Any costs incurred by the participants as a result of such testing or other arrangements shall be borne solely by the participants .
2007D0007 --- CS --- 12.05.2010 --- 003.001 --- 38 ▼M2 Appendix V OPERATING SCHEDULE 1 .
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 39 ▼M2 Appendix V OPERATING SCHEDULE 1 .
Business window to prepare daytime operations (*) Daytime processing Cut-off time for customer payments ( i. e. payments where the originator and / or the beneficiary of a payment is not a direct or indirect participant as identified in the system by the use of an MT 103 or MT 103 + message ) Cut-off time for interbank payments ( i. e. payments other than customer payments ) End-of-day processing General cut-off time for the use of standing facilities Data for the update of accounting systems are available to CBs Start-of-day processing ( new business day ) Provision of liquidity on the PM account « Start-of-procedure » message and settlement of the standing orders to transfer liquidity from the PM accounts to the sub-account ( s )/ mirror account ( ancillary system-related settlement ) Execution of additional liquidity transfers via the ICM before the ancillary system sends the « start-of-cycle » message ;
Business window to prepare daytime operations (*) Daytime processing Cut-off time for customer payments ( i. e. payments where the originator and / or the beneficiary of a payment is not a direct or indirect participant as identified in the system by the use of an MT 103 or MT 103 + message ) Cut-off time for interbank payments ( i. e. payments other than customer payments ) End-of-day processing General cut-off time for the use of standing facilities Data for the update of accounting systems are available to CBs Start-of-day processing ( new business day ) Provision of liquidity on the PM account « Start-of-procedure » message and settlement of the standing orders to transfer liquidity from the PM accounts to the sub-account ( s )/ mirror account ( ancillary system-related settlement ) Execution of additional liquidity transfers via the ICM before the ancillary system sends the « start-ofcycle » message ;
settlement period of nighttime ancillary system operations ( only for ancillary system settlement procedure 6 ) Technical maintenance period Settlement procedure of night-time ancillary system operations ( only for ancillary system settlement procedure 6 )
settlement period of night-time ancillary system operations ( only for ancillary system settlement procedure 6 ) Technical maintenance period Settlement procedure of night-time ancillary system operations ( only for ancillary system settlement procedure 6 )
18.00 - 18.45 (**) 18.15 (**) ( Shortly after ) 18.30 (***) 18.45 - 19.30 (***) 19.00 (***)- 19.30 (**) 19.30 (***)
18.00 - 18.45 (**) 18.15 (**) ( Shortly after ) 18.30 (***) 18.45 - 19.30 (***) 19.00 (***)- 19.30 (**) 19.30 (***)
19.30 (***)- 22.00
19.30 (***)- 22.00
2007D0007 --- CS --- 12.05.2010 --- 003.001 --- 39 ▼M2 4 .
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 40 ▼M2 4 .
The ICM is available for liquidity transfers from 19.30 ( 1 ) until 18.00 the next day , except during the technical maintenance period from 22.00 until 1.00 .
The ICM is available for liquidity transfers from 19.30 ( 1 ) until 18.00 the next day , except during the technical maintenance period from 22.00 until 1.00 .
( 1 ) Starts 15 minutes later on the last day of the Eurosystem reserve maintenance period .
( 1 ) Starts 15 minutes later on the last day of the Eurosystem reserve maintenance period .
2007D0007 --- CS --- 12.05.2010 --- 003.001 --- 40 ▼B Appendix VI FEE SCHEDULE AND INVOICING Fees and invoicing for direct participants 1 .
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 41 ▼B 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 100 per PM account plus a flat fee per transaction ( debit entry ) of EUR 0,80 ;
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 100 per PM account plus a flat fee per transaction ( debit entry ) of EUR 0,80 ;
or ( b ) EUR 1 250 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
or ( b ) EUR 1 250 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
1 10 001 25 001 50 001 Above 100 000
1 10 001 25 001 50 001 Above 100 000
EUR 0,60 EUR 0,50 EUR 0,40 EUR 0,20 EUR 0,125
EUR 0,60 EUR 0,50 EUR 0,40 EUR 0,20 EUR 0,125
Liquidity transfers between a participant 's PM account and its sub-accounts shall not be subject to a charge .
Liquidity transfers between a participant 's PM account and its sub-accounts shall not be subject to a charge .
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 .
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 .
In the case of direct participants , the following invoicing rules apply .
In the case of direct participants , the following invoicing rules apply .
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 .
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 tenth working day of that month to the account specified by the ECB and shall be debited from that participant 's PM account .
Payment shall be made at the latest on the tenth 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 .
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 .
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 AS ( Fixed Fee I ) .
( a ) A fixed monthly fee of EUR 1 000 to be charged to each AS ( 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 AS 's euro cash settlement transactions ( Fixed Fee II ) : Band From ( EUR million / day ) To ( EUR million / day ) Annual fee Monthly fee
( b ) A second monthly fixed fee of between EUR 417 and EUR 4 167 , in proportion to the underlying gross value of the AS 's euro cash settlement transactions ( Fixed Fee II ) : Band From ( EUR million / day ) To ( EUR million / day ) Annual fee Monthly fee
0 1 000 2 500 5 000 10 000 Above 50 000
0 1 000 2 500 5 000 10 000 Above 50 000
below 1 000 below 2 500 below 5 000 below 10 000 below 50 000 ---
below 1 000 below 2 500 below 5 000 below 10 000 below 50 000 ---
EUR 5 000 EUR 10 000 EUR 20 000 EUR 30 000 EUR 40 000 EUR 50 000
EUR 5 000 EUR 10 000 EUR 20 000 EUR 30 000 EUR 40 000 EUR 50 000
EUR 417 EUR 833 EUR 1 667 EUR 2 500 EUR 3 333 EUR 4 167
EUR 417 EUR 833 EUR 1 667 EUR 2 500 EUR 3 333 EUR 4 167
2007D0007 --- CS --- 12.05.2010 --- 003.001 --- 41 ▼B The gross value of the AS '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 .
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 42 ▼B The gross value of the AS '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 .
( c ) A transaction fee calculated on the same basis as the schedule established for direct participants in paragraph 1 of this Appendix .
The AS 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 : --- for Option B , the limits of the bands relating to volume of payment instructions are divided by two , and --- a monthly fixed fee of EUR 100 ( under Option A ) or EUR 1 250 ( under Option B ) shall be charged in addition to Fixed Fee I and Fixed Fee II .
The AS 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 : --- for Option B , the limits of the bands relating to volume of payment instructions are divided by two , and --- a monthly fixed fee of EUR 100 ( under Option A ) or EUR 1 250 ( under Option B ) shall be charged in addition to Fixed Fee I and Fixed Fee II .
Any fee payable in relation to a payment instruction submitted or payment received by an AS , via either the Participant Interface or the ASI , shall be exclusively charged to this AS .
Any fee payable in relation to a payment instruction submitted or payment received by an AS , via either the Participant Interface or the ASI , shall be exclusively charged to this AS .
The Governing Council may establish more detailed rules for the determination of billable transactions settled via the ASI .
The Governing Council may establish more detailed rules for the determination of billable transactions settled via the ASI .
Each AS 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 .
Each AS 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 tenth business day of this month to the account specified by the ASCB or shall be debited from an account specified by the AS .
Payments shall be made no later than the tenth business day of this month to the account specified by the ASCB or shall be debited from an account specified by the AS .
For the purposes of this paragraph , each AS 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 .
For the purposes of this paragraph , each AS 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 .