Non-discriminatory access Clause Samples

Non-discriminatory access. 1 The Eurosystem may allow any CSD to access the T2S Services if it is eligible in accord- ance with the Access Criteria, as specified in the paragraph 2. The Eurosystem shall apply such Access Criteria in a fair and non-discriminatory manner. 2 CSDs shall be eligible to access T2S Services as Participating CSDs provided they: (a) have been notified to the European Securities and Markets Authority (ESMA) under Article 10 of Directive 98/26/EC or, in the case of a CSD from a non-European Economic Area jurisdiction, operate under a legal and regulatory framework that is equivalent to that in force in the Union Member States; (b) have been positively assessed by the Relevant Competent Authorities against the CESR/ESCB Recommendations for Securities Settlement Systems; (c) make each security/International Securities Identification Number (ISIN) for which they are an Issuer CSD (or Technical Issuer CSD) available to other Participating CSDs upon request; (d) commit to offer to other Participating CSDs Basic Custody Services on a non- discriminatory basis; (e) commit to other Participating CSDs to carry out their settlement in Central Bank Money in T2S if the relevant currency is available in T2S.