Article 13 Operations that may be carried out through the T2S DCAF1F2

Subject to the T2S DCA holder designating the necessary securities account(s), the T2S DCA holder may carry out the following operations through the T2S DCA either on its own behalf or on behalf of its customers:

1. (a)

   T2S DCA to PM liquidity transfer orders ;

2. (b)

   T2S DCA to T2S DCA liquidity transfer orders ;

3. (c)

   the settlement of cash instructions stemming from the T2S Platform; and

4. (d)

   cash transfers between the T2S DCA and the T2S DCA of the ECB in the particular context of paragraphs 8 and 9 of Annex IIIa to Guideline ECB/2012/27.