PM account definition

PM account means an account held by a TARGET2 participant in the PM with a CB which is necessary for such TARGET2 participant to:
PM account means a PM account held by a TARGET2 participant, as defined in the Guideline of the European Central Bank (ECB/2007/2) of 26 April 2007;
PM account means an account held by a ►M3 PM account holder ◄ in the PM with a Eurosystem CB which is necessary for such ►M3 PM account holder ◄ to:

Examples of PM account in a sentence

  • The PM Account designated by the signatory institution is credited with the amount indicated on the payment slip: - The same day as the deposit if it is carried out on a TARGET2 business day during the day phase of the SSP, as defined in Appendix V of this Agreement, and, provided that the funds are deposited within the accounting schedules provided for in Article 2.

  • By signing this appendix to the TARGET2-BANQUE DE FRANCE Agreement, the participant chooses to use the PM Account MP No [ ] to settle its cash operations and to be subject to the provisions below.

  • Payment methods To deposit guarantees in cash pursuant to Article B.3.3.1 of the Instructions, Clearing Members or cash Settlement Agents for cash must credit the CC&G PM Account in Target2 System (BIC code XXXXXXXX000) by means of FIN Swift MT202 messages, using the following reasons in the TAG072 field: MIF-CDC-(1)-(2) Where: (1) the Entity code related to the account (House/MOA, ISA or AOA) of the Clearing Member for which the deposit is made.

  • This will be returned by CC&G by crediting it on the PM Account held in the Target2 System, by the General or Individual Clearing Member or the Settlement Agent.

  • To deposit guarantees in cash pursuant to Article B.3.3.1 of the Instructions, Clearing Members or cash Settlement Agents for cash must credit the CC&G PM Account in Target2 System (BIC code XXXXXXXX000) by means of FIN Swift MT202 messages, using the following reasons in the TAG072 field: MIF-CDC-(1)-(2) Where: (1) the Entity code related to the account (House/MOA, ISA, AOA, XXXX or XXXX) of the Clearing Member for which the deposit is made.


More Definitions of PM account

PM account means an account held by a PM account holder in the payments module with a CB which is necessary for such TARGET2 participant to:
PM account means an account held by a TARGET2 participant in the PM with a CB which is necessary for such TARGET2 participant to: (a) submit payment orders or receive payments via TARGET2; and (b) settle such payments with such CB;
PM account means a central bank account held by (direct) TARGET2 participants in the payments module (PM) in order to:
PM account the account held by a participant to the TARGET2 settlement system at its responsible central bank and used for the settlement in the TARGET2 system;
PM account means an account held by a TARGET2 participant in the PM with a CB which is
PM account or “Payments Module account” means an account held by a TARGET2 participant in the Payments Module in the Single Shared Platform with a Eurosystem central bank which is necessary for such TARGET2 participant to (a) submit payment orders or receive payments via TARGET2 and (b) settle such payments with such central bank;

Related to PM account

  • Aggregate Account means, with respect to each Participant, the value of all accounts maintained on behalf of a Participant, whether attributable to Employer or Employee contributions, subject to the provisions of Section 9.2.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • Separate Accounts means the accounts which are to be prepared for each

  • In-Service Account means a separate account to be kept for each Participant that has elected to take in-service distributions as described in Section 5.4. The In-Service Account shall be adjusted in the same manner and at the same time as the Deferred Compensation Account under Section 8 and in accordance with the rules and elections in effect under Section 8.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Investment Account As defined in Section 3.12(a).

  • Sub-Account means any of the individual sub-accounts of a Participant’s Account that is maintained as provided in Article VIII.

  • Regular account means the account established for each active and inactive member un-

  • User Account means an account under the name of the Customer in relation to the Service subscribed by the Customer.

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Interim Accounts means the unaudited consolidated quarterly financial statements of the Issuer for the quarterly period ending on each 31 March, 30 June, 30 September and 31 December in each year, prepared in accordance with GAAP.

  • Share Account means the brokerage account established by the Agent for each Participant to which shares of Common Stock purchased under the Plan are credited in accordance with Section 9. The Share Account will be established pursuant to a separate agreement between each Participant and the Agent.

  • Excess Loss Account has the meaning set forth in Reg. Section 1.1502-19.

  • Share Premium Account means the share premium account established in accordance with these Articles and the Companies Act.