Eurosystem CB definition

Eurosystem CB means the ECB or a euro area NCB,
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Eurosystem CB means the ECB or the NCB of a Member State that has adopted the euro;
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Eurosystem CB means the European Central Bank (ECB) or a euro area NCB,
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Examples of Eurosystem CB in a sentence

  • Each Eurosystem CB shall operate its own TARGET2 component system.

  • A Eurosystem CB that has suspended the participation of a TIPS DCA holder in its TARGET2 component system pursuant to paragraph 1(a) shall reject all its outgoing payment orders.

  • In disputes concerning payments between TARGET2 component systems, the law of the Member State where the seat of the Eurosystem CB of the payee is located shall apply in a supplementary manner, provided that it does not conflict with this Guideline.

  • If an event affecting the normal operation of the PM and/or the ICM occurs, the Eurosystem CB concerned shall immediately notify the TARGET2 coordinator, who together with the settlement manager of the Eurosystem CB concerned shall decide on the further steps to be taken.

  • Each time a payment between participants in different TARGET2 component systems is settled, the single obligation of the relevant Eurosystem CB shall be adjusted accordingly.

  • Any intra-Eurosystem obligation arising under paragraph 1 shall automatically be aggregated and form part of a single obligation in relation to each Eurosystem CB.

  • Any settlement of payments between participants in different TARGET2 component systems shall automatically give rise to an intra-Eurosystem obligation of the Eurosystem CB of the payer towards the Eurosystem CB of the payee.

  • Without prejudice to paragraphs 1 and 2, any settlement of instant payment orders between participants in different TARGET2 component systems shall automatically give rise to only one claim or obligation of each Eurosystem CB vis-à-vis the ECB.

  • By confirming the increase or reduction of the frozen balance upon crediting or debiting cross-system settlement payments to or from the sub-account or crediting liquidity transfers to the sub-account, both the Eurosystem CB that is not the ancillary system’s CB and the ancillary system’s CB declare an increase or a reduction of the guarantee in the amount of the payment.

  • A Eurosystem CB that has suspended the participation of a PM account holder or a T2S DCA holder in its TARGET2 component system pursuant to paragraph 1(a) shall only process payments from that participant on the instructions of its representatives, including those appointed by a competent authority or a court, such as the participant's insolvency administrator, or pursuant to an enforceable decision of a competent authority or a court providing instructions as to how the payments are to be processed.


More Definitions of Eurosystem CB

Eurosystem CB means the ECB or a participating NCB,
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Related to Eurosystem CB

  • Participating public employer means a public employer as defined in ORS 238.005 that

  • Participating local government means a local government

  • Participating physician means a physician licensed in Virginia to practice medicine, who practices

  • Backsiphonage means the flow of water or other liquids, mixtures or substances into the potable water system from any source other than its intended source, caused by the reduction of pressure in the potable water system.

  • FOIP means the Freedom of Information and Protection of Privacy Act,

  • Participating student means a student who has been determined to be

  • multiple-employer workplace means a workplace where workers of 2 or more employers are working at the same time:

  • CMU Service means the Central Moneymarkets Unit Service, operated by the Hong Kong Monetary Authority;

  • Hemiplegia means the permanent Paralysis and functional loss of use of upper and lower limbs on the same side of the body.

  • Basic health plan model plan means a health plan as required in RCW 70.47.060(2)(e).

  • Workday means any consecutive 24 hours beginning at the same time each calendar day.

  • Customized employment means an approach to supported employment which individualizes the employment relationship between employees and employers in ways that meet the needs of both. Customized employment is based on an individualized determination of the strengths, needs, and interests of the person with a disability and is also designed to meet the specific needs of the employer. Customized employment may include employment developed through job carving, self-employment or entrepreneurial initiatives, or other job development or restructuring strategies that result in job responsibilities being customized and individually negotiated to fit the needs of the individual with a disability. Customized employment assumes the provision of reasonable accommodations and supports necessary for the individual to perform the functions of a job that is individually negotiated and developed.

  • Flexi Plan means any individual indemnity hospital insurance plan under the VHIS framework with enhancement(s) to any or all of the protections or terms and benefits that the Standard Plan provides to the Policy Holder and the Insured Person, subject to certification by the Government. Such plan shall not contain terms and benefits which are less favourable than those in the Standard Plan, save for the exception as may be approved by the Government from time to time.

  • Participating Retail Store means any one of the Australian retail stores trading under the following trading names that is authorised by Breville to sell Participating Products and has been invited by the Promoter to participate in the Promotion:

  • Alternative education program means a school or separate class group designed to best serve students’ educational needs and interests and assist students in achieving the academic standards of the district and the state.