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Official Journal: Decision by the ECB on the terms and conditions of TARGET2 securities

( January 17, 2013, 10:53 GMT | Official Statement) -- MLex Summary: The European Central Bank updated rules for the Target2-Securities settlement system to incorporate a fee schedule and the Frankfurt body's location policy, which limits clearinghouses outside the eurozone from handling more than 5 percent of transactions in euro-denominated derivatives. The revised rules also clarify how the system works under German law.See the full decision attached...

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