# Decision of the European Central Bank of 24 July 2007 concerning the terms and conditions of TARGET2-ECB (ECB/2007/7) (2007/601/EC), Article 23: Use of the ICM

Extent: E+W+S+N.I.

1. The ICM:
(a) allows participants to access information relating to their accounts and to manage liquidity;
(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
(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.

---
Source: https://www.legislation.gov.uk/eudn/2007/7/annex/I/article/23 (the official version)
Page: https://openlegislation.uk/eu-decision-2007-7/annex-I/article-23
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.