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Decision of the European Central Bank of 24 July 2007 concerning the terms and conditions of TARGET2-ECB (ECB/2007/7) (2007/601/EC)
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Article 7TARGET2 directory
1.The TARGET2 directory is the database of BICs used for the routing of payment orders addressed to:
(a)TARGET2 participants and their branches with multi-addressee access;
(b)indirect participants of TARGET2, including those with multi-addressee access; and
(c)addressable BIC holders of TARGET2.
It shall be updated weekly.
2.Unless otherwise requested by the participant, BICs shall be published in the TARGET2 directory.
3.Participants may only distribute the TARGET2 directory to their branches and entities with multi-addressee access.
4.Entities specified in paragraph 1(b) and (c) shall only use their BIC in relation to one direct participant.
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