TARGET2 component system definition
Examples of TARGET2 component system in a sentence
Each of the AL group members may unilaterally terminate its participation in this agreement, provided it gives 14 business days’ written notice to the AL NCB in whose TARGET2 component system it participates and to the managing NCB.
Except on the opening of insolvency proceedings against one or more AL group members, an AL NCB may claim from each of the AL group members the full discharge of all obligations resulting from the settlement of payment orders of any AL group member in the latter’s TARGET2 component system.
AL group members shall be jointly and severally liable towards all AL NCBs in relation to all claims resulting from the settlement in their respective TARGET2 component system of the payment order of any AL group member.
Except on the opening of insolvency proceedings against one or more AL group members, an AL NCB may claim from each of the AL group members the full discharge of all obligations resulting from the settlement of payment orders of any AL group member in the latter's TARGET2 component system.
Each of the AL group members may unilaterally terminate its participation in this agreement, provided it gives a written notice within 14 business days to the AL NCB, in whose TARGET2 component system it participates, and to the managing NCB.
Each of the AL group members may unilaterally terminate its participation in this agreement, provided it gives a written notice within 14 business days to the AL NCB in whose TARGET2 component system it participates and to the managing NCB.