and ( c ) is a correspondent or customer of a direct participant or a branch of a direct or indirect participant , and is able to submit payment orders to and receive payments from a TARGET2 component system via the direct participant , « AL agreement » means the multilateral aggregated liquidity agreement entered into by the AL group members and their respective AL NCBs , for the purposes of the AL mode , « AL group » means a group composed of AL group members that use the AL mode , « AL group manager » means an AL group member appointed by the other AL group members to manage available liquidity within the AL group during the business day , « AL group member » means a TARGET2 participant which has entered into an AL agreement , « AL mode » means the aggregation of available liquidity on PM accounts , « AL NCB » means a participating NCB that is party to an AL agreement and acts as the counterparty for the AL group members which participate in its TARGET2 component system , « ancillary system ( AS ) » means a system managed by an entity established in the European Economic Area ( EEA ) that is subject to supervision and / or oversight by a competent authority , in which payments and / or financial instruments are exchanged and / or cleared while the resulting monetary obligations are settled in TARGET2 in accordance with Guideline ECB / 2007/2 and a bilateral arrangement between the ancillary system and the relevant CB , « available liquidity » ( or « liquidity ") means a credit balance on a TARGET2 participant 's PM account and , if applicable , any intraday credit line granted by the relevant CB in relation to such account , « Banking Directive » means Directive 2006/48 / EC of the European Parliament and of the Council of 14 June 2006 relating to the taking up and pursuit of the business of credit institutions ( recast ) ( 1 ) , « Bank Identifier Code ( BIC ) » means a code as defined by ISO Standard No 9362 , « branch » means a branch within the meaning of [ insert national law provisions implementing Article 4 ( 3 ) of the Banking Directive ] , « business day » means any day on which TARGET2 is open for the settlement of payment orders , as set out in Appendix V , « CAI group » means a group composed of TARGET2 participants that use the CAI mode , « CAI group manager » means a CAI group member appointed by the other members of the CAI group to monitor and distribute the available liquidity within the CAI group during the business day , « CAI mode » means the provision of consolidated account information in relation to PM accounts via the ICM , « capacity opinion » means a participant-specific opinion that contains an assessment of a participant 's legal capacity to enter into and carry out its obligations under these Conditions , OJ L 177 , 30.6.2006 , p. 1 .
ja c ) kes on otseosaleja korrespondent või klient , või otseosaleja või kaudse osaleja filiaal , ja kes saab esitada maksejuhiseid ja saada makseid TARGET2 osasüsteemist otseosaleja kaudu ; „AL leping ( AL agreement ) » -- mitmepoolne agregeeritud likviidsuse ( aggregate liquidity , AL ) leping , mille on sõlminud kõik AL rühma liikmed ja nende vastavad AL-RKPd AL režiimi kasutamiseks ;