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ANNEXTERMS AND CONDITIONS OF TARGET2-ECB

TITLE IIIOBLIGATIONS OF THE PARTIES

Article 8Obligations of the ECB and the participants

1.The ECB shall offer the services described in Title IV. Save where otherwise provided in these Conditions or required by law, the ECB shall use all reasonable means within its power to perform its obligations under these Conditions, without guaranteeing a result.

2.Participants shall pay to the ECB the fees laid down in Appendix VI.

3.Participants shall ensure that they are connected to TARGET2-ECB on business days, in accordance with the operating schedule in Appendix V.

4.The participant represents and warrants to the ECB that the performance of its obligations under these Conditions does not breach any law, regulation or by-law applicable to it or any agreement by which it is bound.