natgillin/translations-raw huggingface dataset:
Decision ECB/2007/7 of 24 July 2007 concerning the terms and conditions of TARGET2-ECB (OJ L 237, 8.9.2007, p. 71).
Euroopa Keskpanga 24. juuli 2007. aasta otsus EKP/2007/7 TARGET2-ECB tingimuste kohta (ELT L 237, 8.9.2007, lk 71).
The Eurosystem's current policy for the location of infrastructure is set out in the following statements, which are available on the ECB's 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; (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 euro-denominated payment transactions of 19 July 2007; (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; (e) the Eurosystem oversight policy framework, revised version of July 2016.’;
Kehtivad eurosüsteemi põhimõtted infrastruktuuride asukoha kohta on avaldatud järgmistes dokumentides EKP veebisaidil www.ecb.europa.eu: a) „Policy statement on euro payment and settlements located outside the euro area“, 3. november 1998; b) „Eurosystem's policy line with regard to consolidation in central counterparty clearing“, 27. september 2001; c) „Eurosystem policy principles on the location and operation of infrastructures settling in euro-denominated payment transactions“, 19. juuli 2007; d) 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“, 20. november 2008; e) „Eurosystem oversight policy framework“, juuli 2011 läbivaadatud redaktsioon. “;
Guideline ECB/2012/27 of 5 December 2012 on a Trans-European Automated Real-time Gross settlement Express Transfer system (TARGET2) (OJ L 30, 30.1.2013, p. 1).’;
5. detsembri 2012. aasta suunis EKP/2012/27 üleeuroopalise automatiseeritud reaalajalise brutoarvelduste kiirülekandesüsteemi (TARGET2) kohta (ELT L 30, 30.1.2013, lk 1).“;
Annexes I and II to Decision ECB/2007/7 are amended as follows:
Suunise EKP/2007/7 I ja II lisa muudetakse järgmiselt.
in Annex I and the Appendices, the term ‘SSP-providing CBs’ is replaced by the term ‘SSP-providing NCBs’ and the term ‘network service provider’ is replaced by the term ‘TARGET2 network service provider’;
I lisas ja liidetes asendatakse mõiste „SSP-providing CBs“ mõistega „SSP-providing NCBs“ ning mõiste „network service provider“ asendatakse mõistega „TARGET2 network service provider“;
the definition of ‘addressable BIC holder’ is replaced by the following:
mõiste „addressable BIC holder“ asendatakse järgmisega:
‘“addressable BIC holder” means an entity which: (a) holds a Business Identifier Code (BIC); (b) is not recognised as an indirect participant in the PM; and (c) is a correspondent or customer of a PM account holder or a branch of a direct or indirect participant in the PM, and is able to submit payment orders to and receive payments from a TARGET2 component system via the PM account holder,’;
„‘addressable BIC holder’ means an entity which: (a) holds a Business Identifier Code (BIC); (b) is not recognised as an indirect participant in the PM; and (c) is a correspondent or customer of a PM account holder or a branch of a direct or indirect participant in the PM, and is able to submit payment orders to and receive payments from a TARGET2 component system via the PM account holder,“;
the definition of ‘ancillary system’ is replaced by the following:
mõiste „ancillary system“ asendatakse järgmisega:
‘“ancillary system” 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's website, in which payments and/or financial instruments are exchanged and/or cleared or recorded with (a) the monetary obligations settled in TARGET2 and/or (b) funds held in TARGET2, in accordance with Guideline ECB/2012/27 and a bilateral arrangement between the ancillary system and the relevant Eurosystem CB,
„‘ancillary system’ 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's website, in which payments and/or financial instruments are exchanged and/or cleared or recorded with (a) the monetary obligations settled in TARGET2 and/or (b) funds held in TARGET2, in accordance with Guideline ECB/2012/27 and a bilateral arrangement between the ancillary system and the relevant Eurosystem CB,
the definition of ‘available liquidity’ is replaced by the following:
mõiste „available liquidity“ asendatakse järgmisega:
‘“available liquidity” means a credit balance on a participant's PM account and, if applicable, any intraday credit line granted by the relevant euro area NCB in relation to such account but not yet drawn upon, or, if applicable, decreased by the amount of any processed reservations of liquidity on the PM account,’;
„‘available liquidity’ means a credit balance on a participant's PM account and, if applicable, any intraday credit line granted by the relevant euro area NCB in relation to such account but not yet drawn upon, or, if applicable, decreased by the amount of any processed reservations of liquidity on the PM account,“;
the definition of ‘business day’ is replaced by the following:
mõiste „business day“ asendatakse järgmisega:
‘“business day” or “TARGET2 business day” means any day on which TARGET2 is open for the settlement of payment orders, as set out in Appendix V,’;
„‘business day’ or ‘TARGET2 business day’ means any day on which TARGET2 is open for the settlement of payment orders, as set out in Appendix V,“;
the definition of ‘Dedicated Cash Account’ is replaced by the following:
mõiste „Dedicated Cash Account“ asendatakse järgmisega:
‘“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,“;
the definition of ‘event of default’ is amended as follows:
mõistet „event of default“ muudetakse järgmiselt:
where the participant no longer meets the access criteria laid down in Article 4 or the requirements laid down in Article 6(1)(a);’,
where the participant no longer meets the access criteria laid down in Article 4 or the requirements laid down in Article 6(1)(a);“;
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;“;
in the definition of ‘Information and Control Module (ICM)’, the word ‘participants’ is replaced by the words ‘PM account holders’;
mõistes „Information and Control Module (ICM)“ asendatakse sõna „participants“ sõnadega „PM account holders“;
the definition of ‘ICM broadcast message’ is replaced by the following:
mõiste „ICM broadcast message“ asendatakse järgmisega:
‘“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,“;
the definition of ‘indirect participant’ is replaced by the following:
mõiste „indirect participant“ asendatakse järgmisega:
‘“indirect participant” means a credit institution established in the European Union or the European Economic Area (EEA), which has entered into an agreement with a PM account holder to submit payment orders and receive payments via such PM account holder's PM account, and which has been recognised by a TARGET2 component system as an indirect participant,’;
„‘indirect participant’ means a credit institution established in the European Union or the European Economic Area (EEA), which has entered into an agreement with a PM account holder to submit payment orders and receive payments via such PM account holder's PM account, and which has been recognised by a TARGET2 component system as an indirect participant,“;
in the definition of ‘multi-addressee access’, the words ‘established in the EEA’ are replaced by the words ‘established in the Union or the EEA’;
mõistes „multi-addressee Access“ asendatakse sõnad „established in the EEA“ sõnadega „established in the Union or the EEA“;
in the definition of ‘Main PM account’ the term ‘DCA’ is replaced by the term ‘T2S DCA’;
mõistes „Main PM account“ asendatakse mõiste „DCA“ mõistega „T2S DCA“;
the definition of ‘non-settled payment order’ is replaced by the following:
mõiste „non-settled payment orde“ asendatakse järgmisega:
‘“non-settled payment order” means a payment order that is not settled on the same-business day as that on which it is accepted,’;
„‘non-settled payment order’ means a payment order that is not settled on the same-business day as that on which it is accepted,“;
the definition of ‘participant’ is replaced by the following:
mõiste „participant“ asendatakse järgmisega:
‘“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,“;
the definition of ‘payment order’ is replaced by the following:
mõiste „payment order“ asendatakse järgmisega:
‘“payment order” means a credit transfer order, a liquidity transfer order, a direct debit instruction, a PM to T2S DCA liquidity transfer order or a PM to TIPS DCA liquidity transfer order,’;
„‘payment order’ means a credit transfer order, a liquidity transfer order, a direct debit instruction, a PM to T2S DCA liquidity transfer order or a PM to TIPS DCA liquidity transfer order,“;
the definition of ‘PM to DCA liquidity transfer order’ is replaced by the following:
mõiste „PM to DCA liquidity transfer order“ asendatakse järgmisega:
‘“PM to T2S DCA liquidity transfer order” means the instruction to transfer a specified amount of funds from a PM account to a T2S DCA,’;
„‘PM to T2S DCA liquidity transfer order’ means the instruction to transfer a specified amount of funds from a PM account to a T2S DCA,“;
in the definition of ‘technical malfunction of TARGET2’, the words ‘same-day processing of payments’ are replaced by the words ‘same business-day processing of payments’;
mõistes „technical malfunction of TARGET2“ asendatakse sõnad „same-day processing of payments“ sõnadega „same business-day processing of payments“;
the following definitions are inserted:
lisatakse järgmised mõisted:
‘“TARGET2-Securities (T2S)” or “T2S Platform” means the set of hardware, software and other technical infrastructure components through which the Eurosystem provides the services to CSDs and Eurosystem CBs that allow core, neutral and borderless settlement of securities transactions on a delivery-versus-payment basis in central bank money,’,
„‘TARGET2-Securities (T2S)’ or ‘T2S Platform’ means the set of hardware, software and other technical infrastructure components through which the Eurosystem provides the services to CSDs and Eurosystem CBs that allow core, neutral and borderless settlement of securities transactions on a delivery-versus-payment basis in central bank money,“;
‘“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 network service provider” means an undertaking which has: (a) met all of the necessary conditions to connect to, and established a technical connection to, the TIPS Platform in accordance with the rules and procedures set out in Appendix V to Annex III to Decision ECB/2007/7; and (b) signed the TIPS connectivity hosting terms and conditions which are available on the ECB's website,’,
„‘TIPS network service provider’ means an undertaking which has: (a) met all of the necessary conditions to connect to, and established a technical connection to, the TIPS Platform in accordance with the rules and procedures set out in Appendix V to Annex III to Decision ECB/2007/7; and (b) signed the TIPS connectivity hosting terms and conditions which are available on the ECB's website,“;
‘“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,“
‘“Linked PM account” means the PM account with which a TIPS DCA is associated for the purpose of liquidity management and payment of TIPS fees,’,
„‘Linked PM account’ means the PM account with which a TIPS DCA is associated for the purpose of liquidity management and payment of TIPS fees,“;
‘“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,“;
Acts and omissions of the SSP-providing NCBs shall be considered acts and omissions of the ECB, for which it shall assume liability in accordance with Article 25 below.
Acts and omissions of the SSP-providing NCBs shall be considered acts and omissions of the ECB, for which it shall assume liability in accordance with Article 25 below.
TARGET2 is legally structured as a multiplicity of payment systems composed of all the TARGET2 component systems, which are designated as “systems” under the national laws implementing the Settlement Finality Directive.
TARGET2 is legally structured as a multiplicity of payment systems composed of all the TARGET2 component systems, which are designated as ‘systems’ under the national laws implementing the Settlement Finality Directive.
TARGET2-ECB is designated as a “system” under § 1(16) of the KWG.
TARGET2-ECB is designated as a ‘system’ under § 1(16) of the KWG.
No intraday credit is provided to participants in TARGET2-ECB.’;
No intraday credit is provided to participants in TARGET2-ECB.“;
in Article 6(1)(a), the term ‘TARGET2-ECB’ is replaced by the words ‘the SSP’;
artikli 6 lõike 1 punktis a asendatakse mõiste „TARGET2-ECB“ lühendiga „the SSP“;
in paragraph 3, the first sentence is replaced by the following:
lõikes 3 asendatakse esimene lause järgmisega:
‘Up-to-date information on the SSP's operational status shall be available on the TARGET2 Information System (T2IS) on a dedicated webpage on the ECB's website.’;
„Up-to-date information on the SSP's operational status shall be available on the TARGET2 Information System (T2IS) on a dedicated webpage on the ECB's website.“;
the following paragraph 4a is inserted:
lisatakse järgmine lõige 4a:
The holder of the Linked PM account shall be responsible for informing in a timely manner its TIPS DCA holders of any relevant ICM broadcast message, including those related to the suspension or termination of any TIPS DCA holder's participation in TARGET2-ECB.’;
The holder of the Linked PM account shall be responsible for informing in a timely manner their TIPS DCA holders of any relevant ICM broadcast message, including those related to the suspension or termination of any TIPS DCA holder's participation in TARGET2-ECB.“;
Participants shall immediately inform the ECB if an event of default occurs in relation to themselves.’;
Participants shall immediately inform the the ECB if an event of default occurs in relation to themselves.“;
A PM account holder accepting its PM account to be designated as the Main PM account shall be bound by any invoices related to the opening and operation of each T2S DCA linked to that PM account, as set out in Appendix VI to this Annex, including any penalties levied in accordance with paragraph 9(d) of Annex IIIa, regardless of the content of, or any non-compliance with, the contractual or other arrangements between that PM account holder and the T2S DCA holder.’;
A PM account holder accepting its PM account to be designated as the Main PM account shall be bound by any invoices related to the opening and operation of each T2S DCA linked to that PM account, as set out in Appendix VI to this Annex, including any penalties levied in accordance with paragraph 9(d) of Annex IIIa, regardless of the content of, or any non-compliance with, the contractual or other arrangements between that PM account holder and the T2S DCA holder.“;
in paragraph 6, the term ‘DCA’ is replaced by the term ‘T2S DCA’;
lõikes 6 asendatakse mõiste „DCA“ mõistega „T2S DCA“;
the following paragraphs 7 and 8 are added:
lisatakse järgmised lõiked 7 ja 8:
The holder of a Linked PM account shall have an overview of the liquidity available on the TIPS DCAs linked to that PM account and ensure the TIPS DCA holders are aware of their responsibility to manage that liquidity.’;
The holder of a Linked PM account shall have an overview of the liquidity available on the TIPS DCAs linked to that PM account and ensure the TIPS DCA holders are aware of their responsibility to manage that liquidity.“;
Article 11 is amended as follows:
artiklit 11 muudetakse järgmiselt:
PM to T2S DCA liquidity transfer orders; and’;
PM to T2S DCA liquidity transfer orders; and“;
PM to TIPS DCA liquidity transfer orders.’;
PM to TIPS DCA liquidity transfer orders.“;
in Article 12, paragraph 3 is replaced by the following:
artikli 12 lõige 3 asendatakse järgmisega:
The SSP attaches its timestamp for the processing of payment orders in the sequence of their receipt.’;
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:
artikli 13 lõige 2 asendatakse järgmisega:
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:
artikli 23 lõikes 1 asendatakse punkt b järgmisega:
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“;
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.“;
in paragraph 1, the second sentence is replaced by the following:
lõikes 1 asendatakse teine lause järgmisega:
‘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:
lõikes 2 asendatakse punkt f järgmisega:
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.“;