Multilateral Character of T2S Sample Clauses

Multilateral Character of T2S. 1 The Parties acknowledge that T2S is multilateral in character in that it aims at facilitating European post-trading integration by supporting cash and securities settlement in Central Bank Money, thereby combining the interests of Participating CSDs, Central Banks and all other T2S Actors. The Parties agree that actions that would have a material negative im- pact on any of the CSDs participating in T2S or would not be in line with the aim of achieving securities settlement in Central Bank Money are incompatible with the Multilat- eral Character of T2S. The T2S Services shall be provided to CSDs participating in T2S on the basis of uniform requirements and Governance rules, which include a framework for Specific Changes. The Contracting CSD acknowledges that the Eurosystem will offer Par- allel Framework Agreements to all CSDs that are eligible to use the T2S Services in ac- cordance with the conditions set out in Article 5.
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Multilateral Character of T2S. 1. The Parties acknowledge that T2S is multilateral in character in that it aims at facilitating European post-trading integration by supporting securities settlement in Central Bank Money, thereby combining the interests of Central Banks, Participating CSDs and all other T2S Ac- tors. The Parties agree that actions that would have a material negative impact on any of the Connected NCBs or would not be in line with the aim of achieving securities settlement in Central Bank Money are incompatible with the Multilateral Character of T2S. The T2S Ser- vices shall be provided to Connected NCBs on the basis of uniform requirements and Gov- ernance rules, which include a framework for Specific Changes.
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Multilateral Character of T2S. 1. The Parties acknowledge that T2S is multilateral in character in that it aims at facilitat- ing European post-trading integration by supporting securities settlement in Central Bank Money, thereby combining the interests of Central Banks, Signatory CSDs and all other T2S Actors. The Parties agree that actions that would have a material nega- tive impact on any of the non-euro area NCBs in T2S or would not be in line with the aim of achieving securities settlement in Central Bank Money are incompatible with the Multilateral Character of T2S. The T2S Services shall be provided to the non-euro area NCBs in T2S on the basis of uniform requirements and Governance rules, which include a framework for Specific Changes.
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Multilateral Character of T2S. 1 The Parties acknowledge that T2S is multilateral in character in that it aims at facil- itating European post-trading integration by supporting cash and securities settle- ment in CeBM, thereby combining the interests of Signatory CSDs, Central Banks and all other T2S Actors. The Parties agree that actions that would have a material negative impact on any of the Signatory CSDs or would not be in line with the aim of achieving securities settlement in CeBM are incompatible with the Multilateral Character of T2S. The T2S Services shall be provided to the Signatory CSDs on the basis of uniform requirements and Governance rules, which include a framework for Specific Changes. The Contracting CSD acknowledges that the Eurosystem will offer Parallel T2S Framework Agreements to all CSDs that are eligible to use the T2S Services in accordance with the conditions set out in Article 5.
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Multilateral Character of T2S 
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