natgillin/translations-raw huggingface dataset:
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’;
I definitionen av ”Information and Control Module (ICM)” ska ordet ”participants” ersättas med orden ”PM account holders”.
the definition of ‘ICM broadcast message’ is replaced by the following:
Definitionen av ”ICM broadcast message” ska ersättas med följande:
‘“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:
Definitionen av ”indirect participant” ska ersättas med följande:
‘“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’;
I definitionen av ”multi-addressee access” ska orden ”established in the EEA” ersättas med orden ”established in the Union or the EEA”.
in the definition of ‘Main PM account’ the term ‘DCA’ is replaced by the term ‘T2S DCA’;
I definitionen av ”Main PM account” ska begreppet ”DCA” ersättas med begreppet ”T2S DCA”.
the definition of ‘non-settled payment order’ is replaced by the following:
Definitionen av ”non-settled payment order” ska ersättas med följande:
‘“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:
Definitionen av ”participant” ska ersättas med följande:
‘“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:
Definitionen av ”betalningsuppdrag” ska ersättas med följande:
‘“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:
Definitionen av ”PM to DCA liquidity transfer order” ska ersättas med följande:
‘“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’;
I definitionen av ”technical malfunction of TARGET2” ska orden ”same-day processing of payments” ersättas med orden ”same business-day processing of payments”.
the following definitions are inserted:
Följande definitioner ska införas:
‘“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,’,
”‘vpositive 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,”
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.’;
I artikel 6.1 ska termen ”TARGET2-ECB” ersättas med orden ”the SSP”.
in Article 6(1)(a), the term ‘TARGET2-ECB’ is replaced by the words ‘the SSP’;
Artikel 9 ska ändras på följande sätt:
Article 9 is amended as follows:
Punkt 3 första meningen ska ersättas med följande:
in paragraph 3, the first sentence is replaced by the following:
”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.’;
Följande punkt 4a ska införas:
the following paragraph 4a is inserted:
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.”
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.’;
Punkt 8 ska ersättas med följande:
paragraph 8 is replaced by the following:
Participants shall immediately inform the the ECB if an event of default occurs in relation to themselves.”
Participants shall immediately inform the ECB if an event of default occurs in relation to themselves.’;
Artikel 10 ska ändras på följande sätt:
Article 10 is amended as follows:
Punkt 5 ska ersättas med följande:
paragraph 5 is replaced by the following:
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.’;
I punkt 6 ska begreppet ”DCA” ersättas med begreppet ”T2S DCA”.
in paragraph 6, the term ‘DCA’ is replaced by the term ‘T2S DCA’;
Följande punkter 7 och 8 ska läggas till:
the following paragraphs 7 and 8 are added:
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.’;
Artikel 11 ska ändras på följande sätt:
Article 11 is amended as follows:
Punkterna c och d ska ersättas med följande:
points (c) and (d) are replaced by the following:
PM to T2S DCA liquidity transfer orders; and”
PM to T2S DCA liquidity transfer orders; and’;
Följande punkt e ska läggas till:
the following point (e) is added:
PM to TIPS DCA liquidity transfer orders.”
PM to TIPS DCA liquidity transfer orders.’;
Artikel 12.3 ska ersättas med följande:
in Article 12, paragraph 3 is replaced by the following:
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.’;
Artikel 13.2 ska ersättas med följande:
in Article 13, paragraph 2 is replaced by the following:
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.’;
Artikel 23.1 b ska ersättas med följande:
in Article 23(1), point (b) is replaced by the following:
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’;
Artikel 25.5 ska ersättas med följande:
in Article 25, paragraph 5 is replaced by the following:
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.’;
Artikel 28 ska ändras på följande sätt:
Article 28 is amended as follows:
Punkt 1 andra meningen ska ersättas med följande:
in paragraph 1, the second sentence is replaced by the following:
”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.
Punkt 2 f ska ersättas med följande:
in paragraph 2, point (f) is replaced by the following:
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.’;
I punkt 4 a ska orden ”DCA holders” och ”DCA holder” ersättas med orden ”T2S DCA holders” respektive ”T2S DCA holder”.
in paragraph 4(a), the words ‘DCA holders’ and ‘DCA holder’ are replaced by the words ‘T2S DCA holders’ and ‘T2S DCA holder’, respectively;
Artikel 32 ska ändras på följande sätt:
Article 32 is amended as follows:
Följande punkt 1a ska införas:
the following paragraph 1a is inserted:
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.’;
Punkt 2 ska ersättas med följande:
paragraph 2 is replaced by the following:
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.’
Artikel 33.3 a ii ska ersättas med följande:
in Article 33(3), point (a)(ii) is replaced by the following:
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;”
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;’;
Artikel 34 andra meningen ska ersättas med följande:
in Article 34, the second sentence is replaced by the following:
”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.’;
I artikel 36 första och andra meningen ska orden ”including its Appendices” ersättas med orden ”including the Appendices”.
in Article 36, in the first and second sentences the words ‘including its Appendices’ are replaced by the words ‘including the Appendices’;
I tillägg I ska punkt 8 med rubriken ”Use of the ICM2” ändras på följande sätt:
in Appendix I, paragraph 8 entitled ‘Use of the ICM’ is amended as follows:
Punkterna 8 c och 8 d ska ersättas med följande:
points (8)(c) and (d) are replaced by the following:
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’;
Följande punkt 8 e ska läggas till:
the following point (8)(e) is added:
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.’;
Bilaga IV ska ändras på följande sätt:
Appendix IV is amended as follows:
I punkt 4 med rubriken ”Relocation of the operation of the SSP to an alternative site” ska termen ”PM to DCA liquidity transfer order” i led c ersättas med begreppet ”PM to T2S DCA liquidity transfer order”.
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’;
Punkt 6 med rubriken ”Contingency processing” ska ändras på följande sätt:
paragraph 6 entitled ‘Contingency processing’ is amended as follows:
Punkt c i ska ersättas med följande:
point (c)(i) is replaced by the following:
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;’,
Punkt d iii ska ersättas med följande:
point (d)(iii) is replaced by the following:
T2S DCA to PM liquidity transfer orders.”;
T2S DCA to PM liquidity transfer orders.’;
I punkt 8 med rubriken ”Other provisions” ska orden ”the SSP” i led b ersättas med orden ”the operational team of the SSP”.
in paragraph 8 entitled ‘Other provisions’, in point (b) the words ‘the SSP’ are replaced by the words ‘the operational team of the SSP’;
Bilaga V ska ändras på följande sätt:
Appendix V is amended as follows:
Schemat ska ersättas med följande:
the schedule is replaced by the following:
”Time
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)
Följande punkt 6 ska läggas till:
the following paragraph 6 is added:
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.’;
Bilaga VI ska ändras på följande sätt:
Appendix VI is amended as follows:
Punkt 1 första meningen ska ersättas med följande:
in paragraph 1, the last sentence is replaced by the following:
”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.’;
I punkterna 4 och 5 samt tabellen ska begreppet ”DCA” ersättas med begreppet ”T2S DCA”.
in paragraphs 4 and 5 and the table, the term ‘DCA’ is replaced by the term ‘T2S DCA’,
I tabellen ska följande fält införas mellan det tredje fältet (”U2A queries”) och det fjärde fältet (”Messages bundled into a file”) under ”Information services”: