indirect participant
Definitions over time (1)
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06/12/2017 – 25/05/2021 Article 2, Regulation (EU) No 795/2014 of the ECB Scope: Whole act
‘indirect participant’ means a legal entity that does not have direct access to a SIPS's services and is typically not directly bound by the relevant SIPS's rules, and whose transfer orders are cleared, settled and recorded by the SIPS through a direct participant. An indirect participant has a contractual relationship with a direct participant. The relevant legal entities are limited to:
Other definitions of this term in this act (1)
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Used in (0 places in 0 provisions on 12/11/2026)
No text uses this concept on 12/11/2026.