Examples of TARGET2 participant in a sentence
National Clearing Code Enter the national clearing code to be used in case the system is not able to resolve the TARGET-2 participant based on the bank code.
The participant must specify the sub-account to be used on the application for participation in the SEPA-Clearer (see also section III point 2.2 “Registration”).Pursuant to section III subsection A No 2 of the Bundesbank’s General Terms and Conditions, settlement is possible either via the participant’s own PM account or that of another direct TARGET2 participant (settlement agent) subject to the latter’s prior approval.
The participant must specify the sub-account to be used on the application for participation in the SEPA-Clearer (see also section III point 2.2 “Registration”).Pursuant to section III subsection A No 2 of the Bundesbank's General Terms and Conditions, settlement is possible either via the participant’s own PM account or that of another direct TARGET2 participant (settlement agent) subject to the latter’s prior approval.
All payments by the Borrower shall be made in Euro to the euro-account of the Lender's Agent in TARGET2, TARGET2 participant SWIFT-BIC: XXXXXXXXXXX, TARGET2 account holder SWIFT-BIC XXXXXXXXXXX, ref.: "EC balance of payments assistance to Latvia", or to such other account as the Lender's Agent will instruct the Borrower and the Borrower's Agent by written notice at least six Working Days before the relevant due date.
In general, TARGET2 participants must ensure that their signed self-certification statement reflects a true and accurate picture of the security situation of their organisation, i.e. including third parties in case (some) services are outsourced.With effect from 2019, critical participants are required to have the self-certification statement signed by the (external or internal) auditor of the critical TARGET2 participant in addition to the senior executives from the business and the IT side.
We request you to transfer via SWIFT message MT202 [or another SWIFT message agreed with the ECB] in TARGET2 for value [date], before 11:00 a.m. Brussels time to the TARGET2 participant SWIFT-BIC: XXXXXXXXXXX, in favour of account number 4050992001, account name “Pooled bilateral loans EC/Lenders” with ref.: “Euro Area Stability support to Greece”.
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All payments by the Borrower shall be made in Euro to the euro-account of the Lender's Agent in TARGET2, TARGET2 participant SWIFT-BIC: XXXXXXXXXXX, TARGET2 account holder SWIFT-BIC XXXXXXXXXXX, ref.: EC balance of payments assistance to Hungary or to such other account as the Lender's Agent will instruct the Borrower and the Borrower's Agent by written notice at least six Working Days before the relevant due date.
If field 56A is not present, MIPS participants could state the BIC of the TARGET2 participant in this field of the outgoing (input) messages to TARGET2.
They will be published as indirect participants in the TARGET2 directory, which is available to all direct participants for information and routing purposes.Other entities (eg correspondents or branches worldwide) holding a valid BIC which can be addressed via a direct TARGET2 participant can be registered as “addressable BICs” in the TARGET2 directory.