Article 23 Use of the ICM
United Kingdom
1.
The ICM:
(a)
allows participants to access information relating to their accounts and to manage liquidity;
F1(b)
may be used to initiate liquidity transfer orders, TIPS DCA to PM liquidity transfer orders, PM to TIPS DCA liquidity transfer orders, PM to T2S DCA liquidity transfer orders and, when the ICM is used in combination with the T2S value added services, T2S DCA to PM liquidity transfer orders; and
F2(c)
allows participants to initiate backup liquidity redistribution and backup contingency payments or payment orders to the Contingency Solution in the event of a failure of the participant’s payment infrastructure.
2.
Further technical details relating to the ICM are contained in Appendix I.
Annotations
Textual amendments
- F1
- F2