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 means an account held by a TARGET participant in the payments module with a CB which is necessary for such TARGET participant to:
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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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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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