Dedicated Link Connection’ definition

Dedicated Link Connection’ means a solution to connect the T2S data centres with the data centres of the Directly Connected T2S Actors, whereby the Value-added Connectivity Services are implemented in T2S and in the systems of the Directly Connected T2S Actors. ‘Delivery-versus-Payment (DvP)’ means a securities settlement mechanism which links a securities transfer and a funds transfer in such a way as to ensure that delivery occurs if – and only if – the corresponding payment occurs. ‘Development Phase’ means the period, during which the Eurosystem specifies, develops and tests T2S and establishes its operational framework; this period ends on the date that the Governing Council decides that the full scope of T2S Services as documented in Schedule 5 are operational in the T2S production environment, as depicted in Annex 1 to Schedule 1. ‘Directive 95/46/EC’ means Directive 95/46/EC of the European Parliament and of the Council of 24 October 1995 on the protection of individuals with regard to the processing of personal data and on the free movement of such data (OJ L 281, 23.11.1995, p. 31). ‘Directive 98/26/EC’ means Directive 98/26/EC of the European Parliament and of the Council of 19 May 1998 on settlement finality in payment and securities settlement systems (OJ L166, 11.6.1998, p. 45). ‘Direct Loss’ means loss or damage directly caused to the damaged Party as a result of the gross or ordinary negligence of the other Party in performing its duties and obligations under this Agreement. Lost revenues, lost profits, lost savings and reputational damage shall not qualify as Direct Loss, instead they shall qualify as indirect losses. ‘Directly Connected Party (DCP)’ means a T2S User, which has been authorised by its Contracting CSD or Central Bank to access T2S directly to use T2S Services (e.g. directly connected DCA Holder). ‘Directly Connected T2S Actor’ means either any of the Participating CSDs, or any of the Connected NCBs, or any of the DCPs or directly connected DCA Holders. ‘Dispute Resolution and Escalation Procedure’ means the procedure described in Article 37] of this Agreement for resolving disputes between the Parties. ‘Dynamic Data’ see ‘Transactional Data’.
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Dedicated Link Connection’ means a solution to connect the T2S data centres with the data centres of the Directly Connected T2S Actors, whereby the Val- ue-added Connectivity Services are implemented in T2S and in the systems of the Directly Connected T2S Actors. ‘Dedicated Link Connectivity Specifications’ means the description of the technical communication protocols that allow T2S Actors to implement the Value-added Connectivi- ty Services in their systems. ‘Delivery versus Payment (DvP)’ means a securities settlement mechanism, which links a securi- ties transfer and a funds transfer in such a way as to ensure that delivery occurs if – and only if – the corresponding payment oc- curs. ‘Development Phase’ means the period during which the Eurosystem specifies, devel- ops and tests T2S and establishes its operational framework; this period ends on the date that the Governing Council decides that the full scope of T2S Services as documented in Schedule 5 (T2S Service Description) are operational in the T2S production envi- ronment, as depicted in Annex 1 (Diagram of Phases/Periods) to this Schedule. ‘Directive 95/46/EC’ means Directive 95/46/EC of the European Parliament and of the Council of 24 October 1995 on the protection of individuals with regard to the processing of personal data and on the free move- ment of such data (OJ L 281, 23.11.1995, p. 31). ‘Directive 98/26/EC’ means Directive 98/26/EC of the European Parliament and of the Council of 19 May 1998 on settlement finality in payment and securities settlement systems (OJ L 166, 11.6.1998, p. 45). ‘Direct Loss’ has the meaning set out in Article 32(2) of this Agreement. ‘Directly Connected Party (DCP)’ means a T2S User, which has been authorised by its Contracting CSD or Central Bank to access T2S directly to use T2S Services,i.e. without the need for the Contracting CSD to act as a tech- nical interface. ‘Directly Connected T2S Ac- tor’ means either the Contracting CSD or any of the Participating CSDs, or any of the connected NCBs, or any of the DCPs. ‘Dynamic Data’ see ‘Transactional Data’. ‘Enforceable Judgement’ means a binding and enforceable judgment or equivalent type of decision rendered by a court or award rendered by an arbitral tribunal. ‘euro area NCB’ means the NCB of a Union Member State whose currency is the euro. ‘European System of Central Banks (ESCB)’ means, in accordance with Article 282(1) of the Treaty on the Functioning of the European Union, the System constituted by the ECB and the NCBs of the Uni...
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Related to Dedicated Link Connection’

  • Interconnected Entity means either the Interconnection Customer or the Interconnected Transmission Owner; Interconnected Entities shall mean both of them.

  • Service Connection means all cables and equipment required to connect the supply mains to the electrical installation of the consumer at the point of supply;

  • Interconnection is as defined in the Act.

  • Generation Interconnection Customer means an entity that submits an Interconnection Request to interconnect a new generation facility or to increase the capacity of an existing generation facility interconnected with the Transmission System in the PJM Region.

  • Dedicated Transport means CenturyLink transmission facilities between Wire Centers or switches owned by CenturyLink, or between Wire Centers or switches owned by CenturyLink and switches owned by CLEC, including, but not limited to, DS1, DS3, and OCn-capacity level services, as well as Dark Fiber, dedicated to a particular End User Customer or carrier.