natgillin/translations-raw huggingface dataset:
__________ --- « Bank Identifier Code ( BIC ) » means a code as defined by ISO Standard No 9362 , --- « branch » means a branch within the meaning of § 24a of the Gesetz über das Kreditwesen ( KWG , German Law on banking ) , --- « business day » means any day on which TARGET2 is open for the settlement of payment orders , as set out in Appendix V , --- « 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 , --- « central banks ( CBs ) » means the Eurosystem CBs and the connected CBs , ( 1 ) The Eurosystem 's current policy for the location of infrastructure is set out in the following statements , which are all available on the ECB website at www.ecb.europa .
__________ --- « Bank Identifier Code ( BIC ) » means a code as defined by ISO Standard No 9362 , --- « branch » means a branch within the meaning of § 24a of the Gesetz über das Kreditwesen ( KWG , German Law on banking ) , --- « business day » means any day on which TARGET2 is open for the settlement of payment orders , as set out in Appendix V , --- « 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 , --- « central banks ( CBs ) » means the Eurosystem CBs and the connected CBs , --- « connected CB » means a national central bank ( NCB ) , other than a Eurosystem CB , which is connected to TARGET2 pursuant to a specific agreement , ( 1 ) The Eurosystem 's current policy for the location of infrastructure is set out in the following statements , which are all available on the ECB website at www.ecb.europa .
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 5 ▼B --- « connected CB » means a national central bank ( NCB ) , other than a Eurosystem CB , which is connected to TARGET2 pursuant to a specific agreement , --- « Contingency Module » means the SSP module enabling the processing of critical and very critical payments in contingency situations ,
2007D0007 --- FI --- 12.05.2010 --- 003.001 --- 5 ▼B --- « Contingency Module » means the SSP module enabling the processing of critical and very critical payments in contingency situations ,
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 6 ▼B ( h ) where participation of the participant in another TARGET2 component system and / or in an ancillary system has been suspended or terminated ;
( h ) where participation of the participant in another TARGET2 component system and / or in an ancillary system has been suspended or terminated ; ▼B
( i ) where any material representation or pre-contractual statement made by the participant or which is implied to have been made by the participant under the applicable law is incorrect or untrue ;
2007D0007 --- FI --- 12.05.2010 --- 003.001 --- 6 ▼B ( i ) where any material representation or pre-contractual statement made by the participant or which is implied to have been made by the participant under the applicable law is incorrect or untrue ;
this facility authorises these entities to submit their payment orders through the direct participant 's PM account without that participant 's involvement , --- « network service provider » means the undertaking appointed by the ECB 's Governing Council to provide computerised network connections for the purpose of submitting payment messages in TARGET2 , --- « non-settled payment order » means a payment order that is not settled on the same business day as that on which it is accepted , --- « participant » ( or « direct participant ') means an entity that holds at least one PM account with the ECB , --- « Participant Interface ( PI ) » means the technical device allowing direct participants to submit and settle payment orders via the services offered in the PM , --- « payee » means a TARGET2 participant whose PM account will be credited as a result of a payment order being settled , --- « payer » means a TARGET2 participant whose PM account will be debited as a result of a payment order being settled , --- « payment instruction » or « AS payment instruction » means a credit instruction or a debit instruction , --- « payment order » means a credit transfer order , a liquidity transfer order or a direct debit instruction , --- « Payments Module ( PM ) » means an SSP module in which payments of TARGET2 participants are settled on PM accounts , 2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 7 ▼B --- « PM account » means an account held by a TARGET2 participant in the PM with a CB which is necessary for such TARGET2 participant to : ( a ) submit payment orders or receive payments via TARGET2 ;
this facility authorises these entities to submit their payment orders through the direct participant 's PM account without that participant 's involvement , --- « network service provider » means the undertaking appointed by the ECB 's Governing Council to provide computerised network connections for the purpose of submitting payment messages in TARGET2 , --- « non-settled payment order » means a payment order that is not settled on the same business day as that on which it is accepted , --- « participant » ( or « direct participant ') means an entity that holds at least one PM account with the ECB , --- « Participant Interface ( PI ) » means the technical device allowing direct participants to submit and settle payment orders via the services offered in the PM , --- « payee » means a TARGET2 participant whose PM account will be credited as a result of a payment order being settled , --- « payer » means a TARGET2 participant whose PM account will be debited as a result of a payment order being settled , --- « payment instruction » or « AS payment instruction » means a credit instruction or a debit instruction , --- « payment order » means a credit transfer order , a liquidity transfer order or a direct debit instruction , --- « Payments Module ( PM ) » means an SSP module in which payments of TARGET2 participants are settled on PM accounts , --- « PM account » means an account held by a TARGET2 participant in the PM with a CB which is necessary for such TARGET2 participant to : ( a ) submit payment orders or receive payments via TARGET2 ;
--- « public sector body » means an entity within the « public sector » , the latter term as defined in Article 3 of Council Regulation ( EC ) No 3603/93 of 13 December 1993 specifying definitions for the application of the prohibitions referred to in Articles 104 and 104b ( 1 ) of the Treaty ( 1 ) ( now Articles 101 and 103 ( 1 )) , --- « settlement bank » means a participant whose PM account or sub-account is used to settle AS payment instructions , --- « settlement central bank ( SCB ) » means a Eurosystem CB holding a settlement bank 's PM account , --- « Settlement Finality Directive » means Directive 98/26 / EC of the European Parliament and of the Council of 19 May 1998 on settlement finality in payment and securities settlement systems ( 2 ) ;
2007D0007 --- FI --- 12.05.2010 --- 003.001 --- 7 ▼B --- « public sector body » means an entity within the « public sector » , the latter term as defined in Article 3 of Council Regulation ( EC ) No 3603/93 of 13 December 1993 specifying definitions for the application of the prohibitions referred to in Articles 104 and 104b ( 1 ) of the Treaty ( 1 ) ( now Articles 101 and 103 ( 1 )) , --- « settlement bank » means a participant whose PM account or sub-account is used to settle AS payment instructions , --- « settlement central bank ( SCB ) » means a Eurosystem CB holding a settlement bank 's PM account , --- « Settlement Finality Directive » means Directive 98/26 / EC of the European Parliament and of the Council of 19 May 1998 on settlement finality in payment and securities settlement systems ( 2 ) ;
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 8 ▼B 2 . In the event of any conflict or inconsistency between the content of any appendix and the content of any other provision in these Conditions , the latter shall prevail .
In the event of any conflict or inconsistency between the content of any appendix and the content of any other provision in these Conditions , the latter shall prevail . ( 1 ) OJ L 332 , 31.12.1993 , p. 1 .
Article 3 General description of TARGET2-ECB and TARGET2 1 .
2007D0007 --- FI --- 12.05.2010 --- 003.001 --- 8 ▼B Article 3 General description of TARGET2-ECB and TARGET2 1 .
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 posed of all the tems » under the TARGET2-ECB is legally structured as a multiplicity of payment systems comTARGET2 component systems , which are designated as « sysnational laws implementing the Settlement Finality Directive .
TARGET2-ECB is designated as a « system » under § 1 ( 16 ) of the KWG .
is designated as a « system » under § 1 ( 16 ) of the KWG .
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 9 ▼B Article 6 Application procedure 1 .
2007D0007 --- FI --- 12.05.2010 --- 003.001 --- 9 ▼B Article 6 Application procedure 1 .
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 10 ▼B 3 .
2007D0007 --- FI --- 12.05.2010 --- 003.001 --- 10 ▼B 3 .
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 11 ▼B TITLE IV MANAGEMENT OF PM ACCOUNTS AND PAYMENT ORDERS Article 10 Opening and management of PM accounts PROCESSING OF
2007D0007 --- FI --- 12.05.2010 --- 003.001 --- 11 ▼B TITLE IV MANAGEMENT OF PM ACCOUNTS AND PAYMENT ORDERS Article 10 Opening and management of PM accounts PROCESSING OF
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 12 ▼M2 2 .
2007D0007 --- FI --- 12.05.2010 --- 003.001 --- 12 ▼M2 2 .
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 13 ▼B 5 .
2007D0007 --- FI --- 12.05.2010 --- 003.001 --- 13 ▼B 5 .
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 14 ▼B 3 .
2007D0007 --- FI --- 12.05.2010 --- 003.001 --- 14 ▼B 3 .
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 15 ▼B TITLE V SECURITY REQUIREMENTS AND CONTINGENCY ISSUES Article 21 Business continuity and contingency procedures In the event of an abnormal external event or any other event which affects the operation of the SSP , the business continuity and contingency procedures described in Appendix IV shall apply .
2007D0007 --- FI --- 12.05.2010 --- 003.001 --- 15 ▼B TITLE V SECURITY REQUIREMENTS AND CONTINGENCY ISSUES Article 21 Business continuity and contingency procedures In the event of an abnormal external event or any other event which affects the operation of the SSP , the business continuity and contingency procedures described in Appendix IV shall apply .
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 16 ▼B the operation of TARGET2-ECB .
2007D0007 --- FI --- 12.05.2010 --- 003.001 --- 16 ▼B the operation of TARGET2-ECB .
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 17 ▼B 2 .
2007D0007 --- FI --- 12.05.2010 --- 003.001 --- 17 ▼B 2 .
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 18 ▼B Article 29 Closure of PM accounts 1 .
2007D0007 --- FI --- 12.05.2010 --- 003.001 --- 18 ▼B Article 29 Closure of PM accounts 1 .
Where applicable , the ECB shall thereafter increase or reduce the frozen balance by crediting or debiting cross-system settlement payments to or from the sub-account or crediting liquidity transfers to the sub-account or crediting liquidity transfers to the sub-account .
Where applicable , the ECB shall thereafter increase or reduce the frozen balance by crediting or debiting cross-system settlement payments to or from the subaccount or crediting liquidity transfers to the sub-account or crediting liquidity transfers to the sub-account .
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 19 ▼M2 the guarantee shall be irrevocable , unconditional and payable on first demand .
2007D0007 --- FI --- 12.05.2010 --- 003.001 --- 19 ▼M2 the guarantee shall be irrevocable , unconditional and payable on first demand .
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 20 ▼B 2 . Participants shall be deemed to have authorised the ECB to obtain any information relating to them from any financial or supervisory authority or trade body , whether national or foreign , if such information is necessary for the participant 's participation in TARGET2-ECB .
Participants shall be deemed to have authorised the ECB to obtain any information relating to them from any financial or supervisory authority or trade 2007D0007 --- FI --- 12.05.2010 --- 003.001 --- 20 ▼B body , whether national or foreign , if such information is necessary for the participant 's participation in TARGET2-ECB .
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 21 ▼B Article 37 Third party rights 1 .
2007D0007 --- FI --- 12.05.2010 --- 003.001 --- 21 ▼B Article 37 Third party rights 1 .
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 22 ▼B Appendix I TECHNICAL SPECIFICATIONS FOR THE PAYMENT ORDERS PROCESSING OF
2007D0007 --- FI --- 12.05.2010 --- 003.001 --- 22 ▼B Appendix I TECHNICAL SPECIFICATIONS FOR THE PAYMENT ORDERS PROCESSING OF
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 23 ▼B ( 2 ) When they register with TARGET2-ECB , direct participants shall declare which optional message types they will use , with the exception of MT 011 and MT 012 messages in relation to which direct participants shall decide from time to time whether or not to receive them with reference to specific messages .
2007D0007 --- FI --- 12.05.2010 --- 003.001 --- 23 ▼B ( 2 ) When they register with TARGET2-ECB , direct participants shall declare which optional message types they will use , with the exception of MT 011 and MT 012 messages in relation to which direct participants shall decide from time to time whether or not to receive them with reference to specific messages .
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 24 ▼B ( b ) Codeword « / TILTIME / » : if the payment order cannot be settled by the indicated debit time , the payment order shall not be returned but shall be kept in the relevant queue .
2007D0007 --- FI --- 12.05.2010 --- 003.001 --- 24 ▼B ( b ) Codeword « / TILTIME / » : if the payment order cannot be settled by the indicated debit time , the payment order shall not be returned but shall be kept in the relevant queue .
Settlement of payment orders in the entry disposition ( 1 ) Offsetting checks and , if appropriate , extended offsetting checks ( both terms as defined in paragraphs 2 and 3 ) shall be carried out on payment orders entered into the entry disposition to provide quick , liquiditysaving gross settlement of payment orders .
Settlement of payment orders in the entry disposition ( 1 ) Offsetting checks and , if appropriate , extended offsetting checks ( both terms as defined in paragraphs 2 and 3 ) shall be carried out on payment orders entered into the entry disposition to provide quick , liquidity-saving gross settlement of payment orders .
( b ) Under Algorithm 2 (' partial ') the ECB shall : ( i ) calculate and check the liquidity positions , limits and reservations of each relevant PM account as under Algorithm 1 ;
2007D0007 --- FI --- 12.05.2010 --- 003.001 --- 25 ▼B ( b ) Under Algorithm 2 (' partial ') the ECB shall : ( i ) calculate and check the liquidity positions , limits and reservations of each relevant PM account as under Algorithm 1 ;
( 6 ) The algorithms shall run flexibly by setting a pre-defined time lag between the application of different algorithms to ensure a minimum interval between the running of two algorithms .
2007D0007 --- FI --- 12.05.2010 --- 003.001 --- 26 ▼B ( 6 ) The algorithms shall run flexibly by setting a pre-defined time lag between the application of different algorithms to ensure a minimum interval between the running of two algorithms .
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 28 ▼B Appendix II TARGET2 COMPENSATION SCHEME 1 .
2007D0007 --- FI --- 12.05.2010 --- 003.001 --- 27 ▼B Appendix II TARGET2 COMPENSATION SCHEME 1 .
The reference rate shall be applied to the amount of the payment order not settled as a result of the technical malfunction of TARGET2 for each day in the period from the date of the actual or , in relation to payment orders referred to in 2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 29 ▼B paragraph 2 ( a )( ii ) , intended submission of the payment order until the date on which the payment order was or could have been successfully settled .
The reference rate shall be applied to the amount of the payment order not settled as a result of the technical malfunction of TARGET2 for each day in the period from the date of the actual or , in relation to payment orders referred to in paragraph 2 ( a )( ii ) , intended submission of the payment order until the date on which the payment order was or could have been successfully settled .
Any proceeds made by placing funds resulting from non-settled payment orders on deposit with the Eurosystem shall be deducted from the amount of any compensation ;
Any proceeds made by placing funds resulting 2007D0007 --- FI --- 12.05.2010 --- 003.001 --- 28 ▼B from non-settled payment orders on deposit with the Eurosystem shall be deducted from the amount of any compensation ;
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
2007D0007 --- FI --- 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
For the purposes of this Opinion , we have also examined : ( 1 ) the terms and conditions of TARGET2-ECB dated [ insert date ] ( hereinafter the « Rules ') ;
2007D0007 --- FI --- 12.05.2010 --- 003.001 --- 30 ▼B For the purposes of this Opinion , we have also examined : ( 1 ) the terms and conditions of TARGET2-ECB dated [ insert date ] ( hereinafter the « Rules ') ;
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 32 ▼B Terms of reference for country opinions for non-EEA participants in TARGET2
2007D0007 --- FI --- 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 --- 33 ▼B 3 .
2007D0007 --- FI --- 12.05.2010 --- 003.001 --- 32 ▼B 3 .
c Remedies in the event of default [ Where applicable to the Participant , the provisions contained in Article 30 of the Rules regarding accelerated performance of claims which have not yet matured , the set-off of claims for using the deposits of the Participant , the enforcement of a pledge , suspension and termination of participation , claims for
c Remedies in the event of default [ Where applicable to the Participant , the provisions contained in Article 30 of the Rules regarding accelerated performance of claims which have not yet matured , the set-off of claims for using the deposits of the Participant , the enforcement of a pledge , suspension and termination of participation , claims for default interest , and termination of agreements and transactions ( Articles 27-31 of
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 34 ▼B default interest , and termination of agreements and transactions ( Articles 27-31 of the Rules ) are valid and enforceable under the laws of [ jurisdiction ] .
2007D0007 --- FI --- 12.05.2010 --- 003.001 --- 33 ▼B the Rules ) are valid and enforceable under the laws of [ jurisdiction ] .
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 35 ▼B 3.6 .
2007D0007 --- FI --- 12.05.2010 --- 003.001 --- 34 ▼B 3.6 .
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 36 ▼B Appendix IV BUSINESS CONTINUITY AND CONTINGENCY PROCEDURE 1 .
2007D0007 --- FI --- 12.05.2010 --- 003.001 --- 35 ▼B Appendix IV BUSINESS CONTINUITY AND CONTINGENCY PROCEDURE 1 .
( b ) Daytime processing may be extended and the closing time thereby delayed if an SSP failure has occurred during the day but has been ( 1 ) CET takes into account the change to Central European Summer Time .
( b ) Daytime processing may be extended and the closing time thereby delayed if an SSP failure has occurred during the day but has been resolved ( 1 ) CET takes into account the change to Central European Summer Time .
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 37 ▼B resolved before 18.00 .
2007D0007 --- FI --- 12.05.2010 --- 003.001 --- 36 ▼B before 18.00 .
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 38 ▼B 7 .
2007D0007 --- FI --- 12.05.2010 --- 003.001 --- 37 ▼B 7 .
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 39 ▼M2 Appendix V OPERATING SCHEDULE 1 .
2007D0007 --- FI --- 12.05.2010 --- 003.001 --- 38 ▼M2 Appendix V OPERATING SCHEDULE 1 .
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 40 ▼M2 4 .
2007D0007 --- FI --- 12.05.2010 --- 003.001 --- 39 ▼M2 4 .
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 41 ▼B Appendix VI FEE SCHEDULE AND INVOICING Fees and invoicing for direct participants 1 .
2007D0007 --- FI --- 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 --- 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 .
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 2007D0007 --- FI --- 12.05.2010 --- 003.001 --- 41 ▼B during the previous year and the calculated gross value shall be applied for calculating the fee as from 1 January of each calendar year .
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II ( Acts adopted under the EC Treaty / Euratom Treaty whose publication is not obligatory ) DECISIONS
II ( EY : n ja Euratomin perustamissopimuksia soveltamalla annetut säädökset , joiden julkaiseminen ei ole pakollista )
EUROPEAN CENTRAL BANK GUIDELINE OF THE EUROPEAN CENTRAL BANK of 26 April 2007 on a Trans-European Automated Real-time Gross settlement Express Transfer system ( TARGET2 ) ( ECB / 2007/2 ) ( 2007/600 / EC ) THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK , ( 3 ) Having regard to the Treaty establishing the European Community , and in particular the first and fourth indents of Article 105 ( 2 ) thereof ,
PÄÄTÖKSET EUROOPAN KESKUSPANKKI EUROOPAN KESKUSPANKIN SUUNTAVIIVAT , annettu 26 päivänä huhtikuuta 2007 , Euroopan laajuisesta automatisoidusta reaaliaikaisesta bruttomaksujärjestelmästä ( TARGET2 ) ( EKP / 2007/2 ) ( 2007/600 / EY ) EUROOPAN KESKUSPANKIN NEUVOSTO , joka ( 3 )