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- TIPS DCA (Dedicated Cash Account)
Account held by a bank as a TIPS Participant, opened and used for the settlement of instant payments in TIPS. TIPS DCAs are governed by the TARGET2 Guideline.
- TIPS DN (Distinguished Name)
Network address used by participants in TIPS to send and receive instant payment orders. The TIPS DN is also used as a technical address (Party Technical Address) for receiving notifications and reports.
- TIPS GUI (Graphical User Interface)
Graphic interface used by TIPS users in order to interact with the platform in U2A mode.
- TIPS Participant
A participant in TIPS, owner of one or many TIPS DCAs. A TIPS Participant is identified by a BIC11.
- Transit Account
An account held by each central bank responsible for the RTGS System related to a given settlement currency in TIPS. The transit account reflects any movement of liquidity from/to the RTGS. The ECB is responsible for the Transit Account denominated in euro.
- Triparty service
a service through which a market player entrusts a third party (see triparty agent) with the selection, mobilization and, more generally speaking, the overall management of collateral, both for market and credit operations within the Eurosystem.