Payment and settlement systems operations Nevertheless , in order to make it easier for TARGET participants to manage their end of day positions , the ECB decided that , as from 5 February 1999 , the deadline for requesting access to the marginal lending facility of the Eurosystem should coincide with the corresponding deadline for the deposit facility , i.e. 30 minutes after the actual closing time of TARGET .

Time frame

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In the event of purchase of the company by a strategic investor, the purchase contract shall be made conditional on this closure by this date

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In order for the national central bank to process the request on the same day , the request must be received by the national central bank at the latest 30 minutes after the actual closing time of TARGET .

In order for the national central bank to process the request on the same day , the request must be received by the national central bank at the latest 30 minutes after the actual closing time of TARGET .

where A effective amount paid and accrued interest E P effective value ( amount paid at the time of issuance ) face value ( repaid at end of maturity )

For the national central bank to process the request on the same day , the request must be received by the national central bank at the latest 30 minutes after the actual closing time of TARGET ( 18 ) , ( 19 ) .

In order for the national central bank to process the request on the same day , the request must be received by the national central bank at the latest 30 minutes after the actual closing time of TARGET ( 14 ) ( 15 ) .

effective access to justice

( e ) effective access to justice

CHAPTER 4 STANDING FACILITIES 4.1 THE MARGINAL LENDING FACILITY TYPE OF INSTRUMENT Counterparties may use the marginal lending facility to obtain overnight liquidity from national central banks at a pre specified interest rate against eligible assets ( as set out in Chapter 6 ) .

For the national central bank to process the request on the same day , the request must be received by the national central bank at the latest 30 minutes after the actual closing time of TARGET ( 1 ) ( 2 ) .

No further payment orders are accepted for processing in the national RTGS systems after the closing time , although remaining payment orders accepted before the closing time are still processed . Counterparties requests for access to the marginal lending facility or to the deposit facility must be submitted to the respective national central bank at the latest 30 minutes after the actual closing time of TARGET .

Counterparties requests for access to the marginal lending facility or to the deposit facility must be submitted to the respective national central bank at the latest 30 minutes after the actual closing time of TARGET .

Counterparties requests for access to the marginal lending facility or to the deposit facility must be submitted to the respective national central bank at the latest 30 minutes after the actual closing time of TARGET ( 32 ) .

where A E P T t effective amount paid and accrued interest effective value ( amount paid at the time of issuance or redemption ) nominal value ( repaid at end of maturity ) time to maturity from issue date ( in days ) time passed since issue date ( in days )

As a general rule , the closing time for the TARGET system is 6 p.m. ECB time ( C.E.T. ) . No further payment orders are accepted for processing in the national RTGS systems after the closing time , although remaining payment orders accepted before the closing time are still processed .

Counterparties requests for access to the marginal lending facility or to the deposit facility must be submitted to the respective national central bank at the latest 30 minutes after the actual closing time of the TARGET system .

Counterparties requests for access to the marginal lending facility or to the deposit facility must be submitted to the respective national central bank at the latest 30 minutes after the actual closing time of the TARGET system ( 36 ) .

Counterparties requests for access to the marginal lending facility or to the deposit facility must be submitted to the respective national central bank at the latest 30 minutes after the actual closing time of the TARGET system ( 12 ) .

Counterparties requests for access to the marginal lending facility or to the deposit facility must be submitted to the respective national central bank at the latest 30 minutes after the actual closing time of the TARGET system . 12

Upon adoption of the euro by a Member State , the respective NCB also participates as a full member in the AG as of the date of entry into the euro area .

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( c ) post balance sheet events assets and liabilities shall be adjusted for events that occur between the annual balance sheet date and the date on which the financial statements

( c ) post balance sheet events assets and liabilities shall be adjusted for events that occur between the annual balance sheet date and the date on which the financial statements are approved by the relevant bodies if they affect the condition of assets or liabilities at the balance sheet date .

POST BALANCE SHEET EVENTS Assets and liabilities are adjusted for events that occur between the annual balance sheet date and the date on which the Governing Council of the ECB approves the financial statements , if such events materially affect the condition of assets and liabilities at the balance sheet date .

Post balance sheet events Assets and liabilities are adjusted for events that occur between the annual balance sheet date and the date on which the Governing Council of the ECB approves the financial statements if such events materially affect the condition of assets and liabilities at the balance sheet date .

POST BALANCE SHEET EVENTS Assets and liabilities are adjusted for events that occur between the annual balance sheet date and the date on which the Governing Council of the ECB approves the financial statements if such events materially affect the condition of assets and liabilities at the balance sheet date .

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Article 35 Closure of PM accounts 1 .

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Assets and liabilities are adjusted for events that occur between the annual balance sheet date and the date on which the Governing Council of the ECB approves the financial statements if such events materially affect the condition of assets and liabilities at the balance sheet date .

recognition of post balance sheet events

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However , the Eurosystem may , for operational reasons , occasionally apply other settlement dates for these operations , in particular for outright transactions ( for fine tuning as well as structural purposes ) and foreign exchange swaps ( see Table 3 ) . 5.3.3 END OF DAY PROCEDURES The end of day procedures are specified in documentation related to the national RTGS systems and the TARGET system .

For the national central bank to process the request on the same day , the request must be received by the national central bank at the latest 30 minutes after the actual closing time of TARGET , which is , as a general rule , 6 p.m. ECB time ( C.E.T. ) ( 23 ) , ( 24 ) .

For the national central bank to process the request on the same day , the request must be received by the national central bank at the latest 30 minutes after the actual closing time of TARGET , which is , as a general rule , 6 p.m. ECB time ( CET ) ( 7 ) ( 8 ) .

In order for the national central bank to process the request on the same day , the request must be received by the national central bank at the latest 30 minutes after the actual closing time of TARGET , which is , as a general rule , 6 p.m. ECB time ( CET ) ( 19 ) ( 20 ) .

For counterparties participating directly in TARGET , deposits held under the facility mature on the next day on which the relevant national RTGS system is operational , at the time at which this system opens .