natgillin/translations-raw huggingface dataset:
The SSP attaches its timestamp for the processing of payment orders in the sequence of their receipt.«
in Article 13, paragraph 2 is replaced by the following:
Artikel 13, stk. 2, affattes således:
All payment instructions submitted by an ancillary system through the ASI to debit or credit the participants' PM accounts and all PM to T2S DCA liquidity transfer orders and PM to TIPS DCA liquidity transfer orders submitted shall be deemed to be highly urgent payment orders.’;
All payment instructions submitted by an ancillary system through the ASI to debit or credit the participants' PM accounts and all PM to T2S DCA liquidity transfer orders and PM to TIPS DCA liquidity transfer orders submitted shall be deemed to be highly urgent payment orders.«
in Article 23(1), point (b) is replaced by the following:
Artikel 23, stk. 1, litra b), affattes som følger:
may be used to initiate liquidity transfer orders, TIPS DCA to PM liquidity transfer orders, PM to TIPS DCA liquidity transfer orders, PM to T2S DCA liquidity transfer orders and, when the ICM is used in combination with the T2S value added services, T2S DCA to PM liquidity transfer orders; and’;
may be used to initiate liquidity transfer orders, TIPS DCA to PM liquidity transfer orders, PM to TIPS DCA liquidity transfer orders, PM to T2S DCA liquidity transfer orders and, when the ICM is used in combination with the T2S value added services, T2S DCA to PM liquidity transfer orders; and«.
in Article 25, paragraph 5 is replaced by the following:
Artikel 25, stk. 5, affattes således:
Notwithstanding Sections 675(u), 675(v), 675(x), 675(y), 675(z), 676(a), 676(c) of the German Civil Code (Bürgerliches Gesetzbuch), paragraphs 1 to 4 shall apply to the extent that the ECB's liability can be excluded.’;
Notwithstanding Sections 675(u), 675(v), 675(x), 675(y), 675(z), 676(a), 676(c) of the German Civil Code (Bürgerliches Gesetzbuch), paragraphs 1 to 4 shall apply to the extent that the ECB's liability can be excluded.«
Article 28 is amended as follows:
Artikel 28 ændres således:
in paragraph 1, the second sentence is replaced by the following:
Stk. 1, andet punktum, erstattes af følgende:
‘For the purposes of this paragraph, the taking of crisis prevention measures or crisis management measures within the meaning of Directive 2014/59/EU of the European Parliament and of the Council against a PM account holder shall not automatically qualify as the opening of insolvency proceedings.
»For the purposes of this paragraph, the taking of crisis prevention measures or crisis management measures within the meaning of Directive 2014/59/EU of the European Parliament and of the Council against a PM account holder shall not automatically qualify as the opening of insolvency proceedings.
in paragraph 2, point (f) is replaced by the following:
Stk. 2, litra f), erstattes af følgende:
the ECB suspends, limits or terminates the participant's access to intraday credit pursuant to paragraph 12 of Annex III to Guideline ECB/2012/27.’;
the ECB suspends, limits or terminates the participant's access to intraday credit pursuant to paragraph 12 of Annex III to Guideline ECB/2012/27.«
in paragraph 4(a), the words ‘DCA holders’ and ‘DCA holder’ are replaced by the words ‘T2S DCA holders’ and ‘T2S DCA holder’, respectively;
I stk. 4, litra a) erstattes ordene »DCA holders« og »DCA holder« af ordene »T2S DCA holders« og »T2S DCA holder«
Article 32 is amended as follows:
Artikel 32 ændres således:
the following paragraph 1a is inserted:
Som stk. 1a indsættes:
By derogation from paragraph 1, the participant agrees that information on any action taken under Article 28 shall not be considered as confidential.’;
By derogation from paragraph 1, the participant agrees that information on any action taken under Article 28 shall not be considered as confidential.«
paragraph 2 is replaced by the following:
Stk. 2 affattes således:
The ECB shall not be liable for the financial and commercial consequences of such disclosure.’
The ECB shall not be liable for the financial and commercial consequences of such disclosure.«
in Article 33(3), point (a)(ii) is replaced by the following:
Artikel 33, stk. 3, litra a), nr. ii), affattes således:
the participant shall not enter any payment order for the transfer of funds to an account held by an entity different than the participant, into TARGET2 until it has obtained confirmation from the ECB that the required notification has been made or the consent has been obtained by or on behalf of the payment service provider of the payee;’;
the participant shall not enter any payment order for the transfer of funds to an account held by an entity different than the participant, into TARGET2 until it has obtained confirmation from the the ECB that the required notification has been made or the consent has been obtained by or on behalf of the payment service provider of the payee;«.
in Article 34, the second sentence is replaced by the following:
Artikel 34, andet punktum, affattes således:
‘Notices to the ECB shall be submitted to the European Central Bank, Director-General of the ECB's Directorate-General Payment Systems and Market Infrastructure, Sonnemannstrasse 22, 60314 Frankfurt am Main, Germany or to the BIC address of the ECB: ECBFDEFF.’;
»Notices to the ECB shall be submitted to the European Central Bank, Director-General of the ECB's Directorate-General Payment Systems and Market Infrastructure, Sonnemannstrasse 22, 60314 Frankfurt am Main, Germany or to the BIC address of the ECB: ECBFDEFF.«
in Article 36, in the first and second sentences the words ‘including its Appendices’ are replaced by the words ‘including the Appendices’;
I artikel 36, første og andet punktum, erstattes ordene »including its Appendices« af ordene »including the Appendices«.
in Appendix I, paragraph 8 entitled ‘Use of the ICM’ is amended as follows:
I tillæg I, stk. 8, med titlen »Use of the ICM« foretages følgende ændringer:
points (8)(c) and (d) are replaced by the following:
punkt 8, litra c) og d) affattes således:
by means of a PM to T2S DCA liquidity transfer order or, when the ICM is used in combination with the T2S value added services, a T2S DCA to PM liquidity transfer order; and’;
by means of a PM to T2S DCA liquidity transfer order or, when the ICM is used in combination with the T2S value added services, a T2S DCA to PM liquidity transfer order; and«.
the following point (8)(e) is added:
Følgende punkt 8, litra e) indsættes:
by means of a PM to TIPS DCA liquidity transfer order or a TIPS DCA to PM liquidity transfer order.’;
by means of a PM to TIPS DCA liquidity transfer order or a TIPS DCA to PM liquidity transfer order.«
Appendix IV is amended as follows:
Tillæg IV ændres således:
in paragraph 4 entitled ‘Relocation of the operation of the SSP to an alternative site’, in point (c) the term ‘PM to DCA liquidity transfer order’ is replaced by the term ‘PM to T2S DCA liquidity transfer order’;
I afsnit 4 med titlen »Relocation of the operation of the SSP to an alternative site«, erstattes i litra c) termen »PM to DCA liquidity transfer order« af termen »PM to T2S DCA liquidity transfer order«
paragraph 6 entitled ‘Contingency processing’ is amended as follows:
Afsnit 6 med titlen »Contingency processing« affattes således:
point (c)(i) is replaced by the following:
Litra c, nr. i), erstattes af følgende:
CLS Bank International-related payments, with the exception of payments related to the CLS CCP service and, at the discretion of the Governing Council, the CLSNow service;’,
CLS Bank International-related payments, with the exception of payments related to the CLS CCP service and, at the discretion of the Governing Council, the CLSNow service;«.
point (d)(iii) is replaced by the following:
Litra d), nr. iii), erstattes af følgende:
T2S DCA to PM liquidity transfer orders.’;
T2S DCA to PM liquidity transfer orders.«
in paragraph 8 entitled ‘Other provisions’, in point (b) the words ‘the SSP’ are replaced by the words ‘the operational team of the SSP’;
I afsnit 8 med titlen »Other provisions« erstattes i litra b) ordet »SSP« med ordene »the operational team of SSP«
Appendix V is amended as follows:
Tillæg V ændres således:
the schedule is replaced by the following:
Driftsplanen affattes således:
‘Time
»Time
“Start-of-procedure”message and settlement of the standing orders to transfer liquidity from the PM accounts to the subaccounts/technical account (ancillary system-related settlement)
‘start-of-procedure’ message and settlement of the standing orders to transfer liquidity from the PM accounts to the subaccounts/technical account (ancillary system-related settlement)
Execution of additional liquidity transfers via the ICM for settlement procedure 6 real time; execution of additional liquidity transfers via the ICM before the ancillary system sends the “start of cycle” messages for settlement procedure 6 interfaced; settlement period of night-time ancillary system operations (only for ancillary system settlement procedure 6 real-time and settlement procedure 6 interfaced)
Følgende indsættes som stk. 6:
The information on the SSP's operational status on T2IS and the ECB's website shall only be updated during normal business hours.’;
The information on the SSP's operational status on T2IS and the ECB's website shall only be updated during normal business hours.«
Appendix VI is amended as follows:
Tillæg VI ændres således:
in paragraph 1, the last sentence is replaced by the following:
Afsnit 1, sidste punktum, erstattes af følgende:
‘PM to T2S DCA liquidity transfer orders or PM to TIPS DCA liquidity transfer orders sent from a participant's PM account and T2S DCA to PM liquidity transfer orders or TIPS DCA to PM liquidity transfer orders received on a participant's PM account shall be charged according to the pricing option (a) or (b) above chosen for that PM account.’;
»PM to T2S DCA liquidity transfer orders or PM to TIPS DCA liquidity transfer orders sent from a participant's PM account and T2S DCA to PM liquidity transfer orders or TIPS DCA to PM liquidity transfer orders received on a participant's PM account shall be charged according to the pricing option (a) or (b) above chosen for that PM account.«
in paragraphs 4 and 5 and the table, the term ‘DCA’ is replaced by the term ‘T2S DCA’,
I stk. 4 og 5 samt tabellen erstattes begrebet »DCA« af »T2S DCA«
in the table, the following field is inserted between the third (‘U2A queries’) and fourth (‘Messages bundled into a file’) fields under ‘Information services’:
I tabellen indsættes følgende felt mellem det tredje (»U2A queries«) og fjerde (»Messages bundled into a file«) felt under »Information services«;
‘U2A queries downloaded
»U2A queries downloaded
Per queried business item in any U2A query generated and downloaded’
Per queried business item in any U2A query generated and downloaded«
the following paragraphs 5a and 5b are inserted:
Som stk. 5a og 5b indsættes:
‘Fees for Linked PM account holders
»Fees for Linked PM account holders
The ECB shall charge Linked PM account holders for any further instant payment orders and positive recall answers received by the TIPS Platform by the end of 2019, in the following year.’;
The ECB shall charge Linked PM account holders for any further instant payment orders and positive recall answers received by the TIPS Platform by the end of 2019, in the following year.«
in paragraph 6, the last sentence is replaced by the following:
Stk. 6, sidste punktum, erstattes af følgende:
‘Payments shall be made no later than the 14th business day of that month to the account specified by the ECB or shall be debited from an account specified by the PM account holder.’;
»Payments shall be made no later than the 14th business day of that month to the account specified by the ECB or shall be debited from an account specified by the PM account holder.«
paragraph 7 is amended as follows:
Stk. 7 ændres således:
in paragraph 7, the term ‘DCA’ is replaced by the term ‘T2S DCA’,
I stk. 7 erstattes termen »DCA« af termen »T2S DCA«
in point (b), the words ‘transactions settled on DCAs’ are replaced by the words ‘transactions settled on T2S DCAs and TIPS DCAs’,
I litra b) erstattes ordene »transactions settled on DCAs« af ordene »transactions settled on T2S DCAs and TIPS DCAs«
in point (d), in the table the words ‘DCA to DCA liquidity transfer orders’ are replaced by the words ‘T2S DCA to T2S DCA liquidity transfer orders’,
I litra d) i tabellen erstattes ordene »DCA to DCA liquidity transfer orders« af ordene »T2S DCA to T2S DCA liquidity transfer orders«
the following point (d)(iv) is added:
The ECB shall charge the ancillary system as Linked PM account holder for any further instant payment orders and positive recall answers received by the TIPS Platform by the end of 2019, in the following year.«
The ECB shall charge the ancillary system as Linked PM account holder for any further instant payment orders and positive recall answers received by the TIPS Platform by the end of 2019, in the following year.’;
»TERMS AND CONDITIONS FOR THE OPENING AND OPERATION OF A T2S DEDICATED CASH ACCOUNT (T2S DCA) IN TARGET2«.
‘TERMS AND CONDITIONS FOR THE OPENING AND OPERATION OF A T2S DEDICATED CASH ACCOUNT (T2S DCA) IN TARGET2’;
I definitionerne og i resten af teksten til bilag II og tillæggene erstattes »DCA« af »T2S DCA«, »DCA to PM liquidity transfer order« af »T2S DCA to PM liquidity transfer order«, »PM to DCA liquidity transfer order« af »PM to T2S DCA liquidity transfer order«, »DCA to DCA liquidity transfer order« af »T2S DCA to T2S DCA liquidity transfer order« og »DCA holder« af »T2S DCA holder«
in the definitions and the rest of the text of Annex II and the Appendices, ‘DCA’ is replaced by ‘T2S DCA’, ‘DCA to PM liquidity transfer order’ is replaced by ‘T2S DCA to PM liquidity transfer order’, ‘PM to DCA liquidity transfer order’ is replaced by ‘PM to T2S DCA liquidity transfer order’, ‘DCA to DCA liquidity transfer order’ is replaced by ‘T2S DCA to T2S DCA liquidity transfer order’, ‘DCA holder’ is replaced by ‘T2S DCA holder’;
Definitionen af »Dedicated Cash Account« affattes således:
the definition of ‘Dedicated Cash Account (DCA)’ is replaced by the following:
»‘T2S Dedicated Cash Account (T2S DCA)’, means an account held by a T2S DCA holder, opened in TARGET2-ECB, and used for cash payments in relation to securities settlement in T2S,«.
‘“T2S Dedicated Cash Account (T2S DCA)”, means an account held by a T2S DCA holder, opened in TARGET2-ECB, and used for cash payments in relation to securities settlement in T2S,’;
Litra g) i definitionen af »event of default« affattes således:
in the definition of ‘event of default’, point (g) is replaced by the following:
where the participant's credit balance on its PM account, T2S DCA or TIPS DCA 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;«.
where the participant's credit balance on its PM account, T2S DCA or TIPS DCA 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;’;
»‘participant’ or ‘direct participant’ means an entity that holds at least one PM account (PM account holder) and/or one T2S Dedicated Cash Account (T2S DCA holder) and/or one TIPS Dedicated Cash Account (TIPS DCA holder) with a Eurosystem CB,«.
‘“participant” or “direct participant” means an entity that holds at least one PM account (PM account holder) and/or one T2S Dedicated Cash Account (T2S DCA holder) and/or one TIPS Dedicated Cash Account (TIPS DCA holder) with a Eurosystem CB,’;
I definitionen af »technical malfunction of TARGET2« erstattes ordene »same-day processing« af ordene »same-business day processing«.
in the definition of ‘technical malfunction of TARGET2’, the words ‘same-day processing’ are replaced by the words ‘same-business day processing’;
»‘Information and Control Module (ICM)’ means the SSP module that allows PM account holders to obtain online information and gives them the possibility to submit liquidity transfer orders, manage liquidity and initiate backup payment orders in contingency situations,
‘“Information and Control Module (ICM)” means the SSP module that allows PM account holders to obtain online 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 PM account holders via the ICM,
“ICM broadcast message” means information made simultaneously available to all or a selected group of PM account holders via the ICM,
‘TARGET Instant Payment Settlement (TIPS) service’ means the settlement in central bank money of instant payment orders on the TIPS Platform,
“TARGET Instant Payment Settlement (TIPS) service” means the settlement in central bank money of instant payment orders on the TIPS Platform,
‘TIPS Platform’ means the single technical platform infrastructure provided by the TIPS Platform-providing NCBs,
“TIPS Platform” means the single technical platform infrastructure provided by the TIPS Platform-providing NCBs,
‘TIPS Platform-providing NCBs’ means the Deutsche Bundesbank, the Banco de España, the Banque de France and the Banca d'Italia in their capacity as the CBs building and operating the TIPS Platform for the Eurosystem's benefit,
“TIPS Platform-providing NCBs” means the Deutsche Bundesbank, the Banco de España, the Banque de France and the Banca d'Italia in their capacity as the CBs building and operating the TIPS Platform for the Eurosystem's benefit,
‘TIPS Dedicated Cash Account (TIPS DCA)’ means an account held by a TIPS DCA holder, opened in TARGET2-ECB, and used for the provision of instant payment services to its customers,
“TIPS Dedicated Cash Account (TIPS DCA)” means an account held by a TIPS DCA holder, opened in TARGET2-ECB, and used for the provision of instant payment services to its customers,
‘instant payment order’ means, in line with the European Payments Council's SEPA Instant Credit Transfer (SCT Inst) scheme, a payment instruction which can be executed 24 hours a day any calendar day of the year, with immediate or close to immediate processing and notification to the payer,
“instant payment order” means, in line with the European Payments Council's SEPA Instant Credit Transfer (SCT Inst) scheme, a payment instruction which can be executed 24 hours a day any calendar day of the year, with immediate or close to immediate processing and notification to the payer,
‘recall request’ means, in line with the SCT Inst scheme, a message from a TIPS DCA holder requesting reimbursement of a settled instant payment order,
“recall request” means, in line with the SCT Inst scheme, a message from a TIPS DCA holder requesting reimbursement of a settled instant payment order,
‘positive recall answer’ means, in line with the SCT Inst scheme, a payment order initiated by the receiver of a recall request, in response to a recall request, for the benefit of the sender of that recall request,
“positive recall answer” means, in line with the SCT Inst scheme, a payment order initiated by the receiver of a recall request, in response to a recall request, for the benefit of the sender of that recall request,
‘PM to TIPS DCA liquidity transfer order’ means the instruction to transfer a specified amount of funds from a PM account to a TIPS DCA,
“PM to TIPS DCA liquidity transfer order” means the instruction to transfer a specified amount of funds from a PM account to a TIPS DCA,
‘TIPS DCA to PM liquidity transfer order’ means the instruction to transfer a specified amount of funds from a TIPS DCA to a PM account,«.
“TIPS DCA to PM liquidity transfer order” means the instruction to transfer a specified amount of funds from a TIPS DCA to a PM account,’;
I artikel 3, erstattes ordene »dedicated cash accounts« af ordene »T2S Dedicated Cash Accounts«
in Article 3, the words ‘dedicated cash accounts’ are replaced by the words ‘T2S Dedicated Cash Accounts’;
The rules on the processing of payment orders under these Conditions (Title IV and Appendix I) refer to all payment orders submitted or payments received by any T2S DCA holder.«
TARGET2-ECB is designated as a “system” under the national laws implementing Directive 98/26/EC.
Artikel 6 ændres således:
The rules on the processing of payment orders under these Conditions (Title IV and Appendix I) refer to all payment orders submitted or payments received by any T2S DCA holder.’;
Stk. 1, litra b), nr. ii), erstattes af følgende:
Article 6 is amended as follows:
for entities established outside the EEA, provide a country opinion in the form specified in Appendix III, unless the information and representations to be provided in such country opinion have already been obtained by the ECB in another context.«
in paragraph 1, point (b)(ii) is replaced by the following:
Stk. 3 affattes således:
for entities established outside the EEA, provide a country opinion in the form specified in Appendix III, unless the information and representations to be provided in such country opinion have already been obtained by the ECB in another context.’;
The ECB may also request any additional information it deems necessary to decide on the application to open a T2S DCA.«
paragraph 3 is replaced by the following:
Any rejection decision shall contain reasons for the rejection.«
The ECB may also request any additional information it deems necessary to decide on the application to open a T2S DCA.’;
Artikel 10, stk. 3, affattes således:
Any rejection decision shall contain reasons for the rejection.’;
The T2IS and the TARGET2 Securities Information System may be used to obtain information on any event affecting the normal operation of the respective platforms.«
in Article 10, paragraph 3 is replaced by the following:
I artikel 12, stk. 1, erstattes ordene »by means of a unique 34-character account number« af ordene »by means of a unique account number of up to 34 characters«.
The T2IS and the TARGET2 Securities Information System may be used to obtain information on any event affecting the normal operation of the respective platforms.’;
Artikel 14, stk. 3, affattes således:
in Article 12(1), the words ‘by means of a unique 34-character account number’ are replaced by the words ‘by means of a unique account number of up to 34 characters’;
The T2S Platform attaches its timestamp for the processing of payment orders in the sequence of their receipt.«
in Article 14, paragraph 3 is replaced by the following:
Artikel 16 ændres således:
The T2S Platform attaches its timestamp for the processing of payment orders in the sequence of their receipt.’;
for all transactions settling on T2S DCAs and which are subject to matching of two separate transfer orders, such transfer orders are deemed entered into TARGET2-ECB at the moment at which they have been declared compliant with the technical rules of T2S by the T2S Platform and irrevocable at the moment the transaction has been given the status ‘matched’ on the T2S Platform; or
Article 16 is amended as follows:
A list of CSDs for which this point (b) applies is available on the website of the ECB.«
for all transactions settling on T2S DCAs and which are subject to matching of two separate transfer orders, such transfer orders are deemed entered into TARGET2-ECB at the moment at which they have been declared compliant with the technical rules of T2S by the T2S Platform and irrevocable at the moment the transaction has been given the status “matched” on the T2S Platform; or
Stk. 3 ophæves.
as an exception to point (a), for transactions involving one participating CSD having a separate matching component where transfer orders are sent directly to that participating CSD to be matched in its separate matching component, transfer orders are deemed entered into TARGET2-ECB at the moment at which they have been declared compliant with the technical rules of T2S by that participating CSD and irrevocable from the moment the transaction has been given the status “matched” on the T2S Platform.