PM account means an account held by a TARGET2 participant in the PM with a CB which is necessary for such TARGET2 participant to:

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;

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:

Examples of PM account in a sentence

These transactions are only possible if the participant owing the PM account and sub-account(s) is designated as settlement bank of the related AS (see chapter 5.2 Settlement Banks for Ancillary Systems - SSP form no.
It is worth mentioning that a settlement bank’s PM account can be used to settle from none to many Ancillary Systems whereas a sub-account can be used to settle only one (interfaced) Ancillary System using settlement procedure 6.
The form 1000 is used for opening the technical account – procedure 6 real-time.The static data to create, delete or modify a sub-account can be entered in this form.A sub-account has no BIC of its own but is related to the BIC of the “main” PM account to which it belongs, as indicated in the header of the form (Participant BIC).
This agreement shall be governed, construed and implemented in accordance with the [insert reference to the law governing the PM account of the AL group manager held with the managing NCB].
This agreement shall be governed, construed and implemented in accordance with the [insert reference to the law governing the PM account of the AL group manager].

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:

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;

PM account means a central bank account held by (direct) TARGET2 participants in the payments module (PM) in order to:

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:

PM account means an account held by a TARGET2 participant in the PM with a CB which is

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;

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;