The criteria for access to a national RTGS system and the procedure for the assessment thereof shall be set out in the RTGS rules concerned and be made available to interested parties.

To the extent necessary, the NCBs shall amend their national RTGS rules accordingly.

The hours of operation of national RTGS systems shall comply with the specifications set out in Annex IV.

where the entitlement of a participant to participate in the national RTGS system is suspended or terminated; and

To the extent necessary, the NCBs shall amend their national RTGS rules accordingly.

credit the amount of the payment order to the RTGS account of the receiving participant; and

remote NCB shall mean an NCB which does not operate its own RTGS system but remotely participates in the RTGS system of another NCB in accordance with the provisions of Article 2

debit the amount of the payment order from the RTGS account of the sending participant; and

TARGET2 component system means any of the Eurosystem CBs RTGS systems that form part of TARGET2

TARGET2 provides RTGS for payments in euro, with settlement in central bank money.

The connected NCB shall thereafter immediately credit the account of the participant in the connected NCB's RTGS system.

component system means any of the Eurosystem CBs RTGS systems that form part of TARGET2

RTGS systems may connect to TARGET via interlinking or through a bilateral link.

Each NCB shall ensure that its respective national RTGS system complies with the features set out below.

TARGET is composed of the national RTGS systems, the ECB payment mechanism and interlinking.