or ( b ) another credit institution within the meaning of article 101 ( 2 ) of the treaty that is subject to scrutiny of a standard comparable to supervision by a competent authority   « credit instruction » means a payment instruction submitted by an as and addressed to the ascb to debit one of the accounts kept and / or managed by the as in the pm  and to credit a settlement bank s pm account or subaccount by the amount specified therein   « credit transfer order » means an instruction by a payer to make funds available to a payee by means of a book entry on a pm account   « debit instruction » means a payment instruction addressed to the scb and submitted by an as to debit a settlement bank s pm account or subaccount by the amount specified therein  on the basis of a debit mandate  and to credit either one of the as s accounts in the pm or another settlement bank s pm account or subaccount   « direct debit authorisation » means a general instruction by a payer to its cb entitling and obliging that cb to debit the payer s account upon a direct debit instruction from a payee   « direct debit instruction » means an instruction from a payee submitted to its cb pursuant to which the cb of the payer debits the payer s account by the amount specified in the instruction  on the basis of a direct debit authorization   « debit mandate » means an authorisation by a settlement bank in the form provided by the eurosystem cbs in the static data forms addressed to both its as and its scb  entitling the as to submit debit instructions  and instructing the scb to debit the settlement bank s pm account or subaccount as a result of debit instructions   « entry disposition » means a payment processing phase during which target2ecb attempts to settle a payment order which has been accepted pursuant to article 12  by means of specific procedures  as described in article 18   « eurosystem cb » means the ecb or the ncb of a member state that has adopted the euro   « event of default » means any impending or existing event  the occurrence of which may threaten the performance by a participant of its obligations under these conditions or any other rules applying to the relationship between that participant and the ecb or any other cb  including  ( a ) where the participant no longer meets the access criteria laid down in article 4 or the requirements laid down in article 6 ( 1 )( i ) 