T2 System definition

T2 System means the real time gross settlement system operated by the Eurosystem, or any successor system.
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T2 System means the real time gross settlement system operated by the Eurosystem or any successor or replacement system.
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T2 System means the Trans-European Automated Real-Time Gross Settlement Express Transfer System or any successor or replacement for that system.
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Examples of T2 System in a sentence

  • Business Day Centre(s):The applicable Business Day Centres for the purposes of the definition of "Business Day" in Condition 1 are London and a day upon which the T2 System is open9.

  • PTS participated in the International Parking Institute annual benchmarking and the T2 System benchmarking.

  • The Migrant Integration Policy Index is a long-term project that evaluates and compares what governments are doing to promote the integration of migrants in all EU Member States and 4 non-EU countries.

  • For the purpose of this Condition 7, "Bank" means a bank in Paris and the principal financial centre of the relevant currency or, in the case of Euro, in a city in which banks have access to the T2 System.

  • Business Day Centre(s):The applicable Business Day Centre for the purposes of the definition of "Business Day" in Condition 1 is a day upon which the T2 System is open9.


More Definitions of T2 System

T2 System means the Eurosystem's real-time gross settlement system (known as T2) which utilises a single shared platform or any successor thereto.
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T2 System means the Real-Time Gross-Settlement Express Transfer (known as T2) System which utilises a single shared platform and which was originally launched on 19 November 2007 or any successor or replacement thereto.
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T2 System means the Real-Time Gross Settlement System operated by the Eurosystem or any successor thereto;
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T2 System means the Trans-European Automated Real-Time Gross Settlement Express Transfer System or any successor or replacement system;
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T2 System means the Real-Time Gross Settlement system operated by the Eurosystem or any successor system; “TARGET Settlement Day” means any day on which T2 System is open for the settlement of payments in euro; “Treaty” means the Treaty on the Functioning of the European Union, as amended; and
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T2 System means means the Eurosystem's real-time gross settlement system (known as T2) which utilises a single shared platform or any successor thereto;
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T2 System means the Real-Time Gross Settlement System operated by the Eurosystem or any successor thereto; Subject to the provisions of Condition 5B.4H, if, in respect of any T2 Business Day in the relevant Observation Period, the Calculation Agent (or such other party responsible for the calculation of the Rate of Interest, as specified in the Final Terms) determines that the €STR reference rate is not available on the Relevant Screen Page or has not otherwise been published by the relevant authorised distributors, such €STR reference rate shall be the €STR reference rate for the first preceding T2 Business Day in respect of which an €STR reference rate was published by the European Central Bank (or any successor administrator) on its website, as determined by the Calculation Agent (or such other party responsible for the calculation of the Rate of Interest, as specified in the Final Terms). If the Notes become due and payable in accordance with Condition 10, the final Interest Determination Date shall, notwithstanding any Interest Determination Date specified in the Final Terms, be deemed to be the date on which such Notes became due and payable and the Rate of Interest on the Notes shall, for so long as any of the Notes remain outstanding, be that determined on such date.
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