PM account definition

PM account means an account held by a TARGET2 participant in the PM with a CB which is necessary for such TARGET2 participant to:
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PM account means a PM account held by a TARGET2 participant, as defined in the Guideline of the European Central Bank (ECB/2007/2) of 26 April 2007;
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PM account means an account held by a ►M3 PM account holder ◄ in the PM with a Eurosystem CB which is necessary for such ►M3 PM account holder ◄ to:
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Examples of PM account in a sentence

  • The PM Account designated by the signatory institution is credited with the amount indicated on the payment slip: - The same day as the deposit if it is carried out on a TARGET2 business day during the day phase of the SSP, as defined in Appendix V of this Agreement, and, provided that the funds are deposited within the accounting schedules provided for in Article 2.

  • By signing this appendix to the TARGET2-BANQUE DE FRANCE Agreement, the participant chooses to use the PM Account MP No [ ] to settle its cash operations and to be subject to the provisions below.

  • Payment methods To deposit guarantees in cash pursuant to Article B.3.3.1 of the Instructions, Clearing Members or cash Settlement Agents for cash must credit the CC&G PM Account in Target2 System (BIC code XXXXXXXX000) by means of FIN Swift MT202 messages, using the following reasons in the TAG072 field: MIF-CDC-(1)-(2) Where: (1) the Entity code related to the account (House/MOA, ISA or AOA) of the Clearing Member for which the deposit is made.

  • This will be returned by CC&G by crediting it on the PM Account held in the Target2 System, by the General or Individual Clearing Member or the Settlement Agent.

  • To deposit guarantees in cash pursuant to Article B.3.3.1 of the Instructions, Clearing Members or cash Settlement Agents for cash must credit the CC&G PM Account in Target2 System (BIC code XXXXXXXX000) by means of FIN Swift MT202 messages, using the following reasons in the TAG072 field: MIF-CDC-(1)-(2) Where: (1) the Entity code related to the account (House/MOA, ISA, AOA, XXXX or XXXX) of the Clearing Member for which the deposit is made.


More Definitions of PM account

PM account means an account held by a PM account holder in the payments module with a CB which is necessary for such TARGET2 participant to:
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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; and (b) settle such payments with such CB;
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PM account means a central bank account held by (direct) TARGET2 participants in the payments module (PM) in order to:
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PM account the account held by a participant to the TARGET2 settlement system at its responsible central bank and used for the settlement in the TARGET2 system;
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PM account means an account held by a TARGET2 participant in the PM with a CB which is
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PM account or “Payments Module account” means an account held by a TARGET2 participant in the Payments Module in the Single Shared Platform with a Eurosystem central bank which is necessary for such TARGET2 participant to (a) submit payment orders or receive payments via TARGET2 and (b) settle such payments with such central bank;
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Related to PM account

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Investment Account As defined in Section 3.12(a).

  • Sub-Account means any of the individual sub-accounts of a Participant's Separate Account that is maintained as provided in Article VIII.

  • User Account means an account under the name of the Customer in relation to the Service subscribed by the Customer.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Interim Accounts means the unaudited consolidated quarterly financial statements of the Issuer for the quarterly period ending on each 31 March, 30 June, 30 September and 31 December in each year, prepared in accordance with GAAP.

  • Share Premium Account means the share premium account established in accordance with these Articles and the Companies Act.