Article 11 Types of payment ordersF1

The following are classified as payment orders for the purposes of TARGET2:

1. (a)

   credit transfer orders;

2. (b)

   direct debit instructions carried out under a direct debit authorisation;

3. (c)

   F2liquidity transfer orders;

4. (d)

   PM to T2S DCA liquidity transfer orders; and

5. (e)

   F3PM to TIPS DCA liquidity transfer orders.