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Recital 6

Recital 6

(6)The Eurosystem aims to provide direct access to TARGET to all eligible participants. As a result, NB-PSPs that are eligible to participate in TARGET should cease to be registered as addressable business identifier code (BIC) holders or reachable parties on the Eurosystem central banks’ own account, with the exception of a central bank operated payment system’s technical account in the TARGET Instant Payment Settlement (TIPS) system.

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