direct ec european parliament council januari cross border credit transfer european parliament council european union regard treati establish european commun articl thereof regard propos commiss regard opinion econom social committe regard opinion european monetari institut act accord procedur laid articl treati light joint text approv novemb concili committe volum cross border payment grow steadili complet intern market progress full econom monetari union lead greater trade movement peopl commun cross border credit transfer account substanti part volum cross border payment essenti individu busi small medium size enterpris make credit transfer rapidli reliabl cheapli part commun conform commiss notic applic ec competit rule cross border credit transfer greater competit market cross border credit transfer lead improv servic reduc price direct seek follow progress made complet intern market liber capit movement view implement econom monetari union provis appli credit transfer currenc member state ecu european parliament resolut februari call council direct lai rule area transpar perform cross border payment issu cover direct dealt separ system issu remain consider commiss make propos cover system issu problem settlement final purpos direct improv cross border credit transfer servic assist european monetari institut emi task promot effici cross border payment view prepar stage econom monetari union line object set recit direct appli credit transfer amount ecu regard paragraph articl treati view ensur transpar direct lai minimum requir need ensur adequ level custom inform execut cross border credit transfer requir includ indic complaint redress procedur offer custom arrang access thereto direct lai minimum execut requir term perform institut offer cross border credit transfer servic adher includ oblig execut cross border credit transfer accord custom instruct direct fulfil condit deriv principl set commiss recommend eec februari transpar bank condit relat cross border financi transact direct prejudic council direct eec june prevent financi system purpos monei launder direct contribut reduc maximum time execut cross border credit transfer encourag institut short time maintain practic commiss report submit european parliament council year implement direct examin time limit appli absenc time limit agre origin institut take account technic develop situat exist member state oblig institut refund event failur successfulli complet credit transfer oblig refund impos conting liabil institut absenc limit prejudici effect solvenc requir oblig refund applic ecu articl affect gener provis nation law institut respons origin cross border credit transfer complet error commit institut distinguish circumst institut involv execut cross border credit transfer confront includ circumst relat insolv caus forc majeur purpos definit forc majeur articl direct eec june packag travel packag holidai packag tour basi adequ effect complaint redress procedur member state settlement disput custom institut exist procedur adopt direct section scope definit articl scope provis direct appli cross border credit transfer currenc member state ecu equival ecu order person refer articl execut credit institut institut articl definit purpos direct credit institut mean institut defin articl council direct eec includ branch mean indent articl locat commun credit institut head offic commun busi execut cross border credit transfer institut mean natur legal person credit institut busi execut cross border credit transfer financi institut mean institut defin articl council regul ec decemb definit applic prohibit privileg access refer articl treati institut mean credit institut institut purpos articl branch credit institut situat member state particip execut cross border credit transfer regard separ institut intermediari institut mean institut origin beneficiari particip execut cross border credit transfer cross border credit transfer mean transact carri initi origin institut branch member state view make amount monei beneficiari institut branch member state origin beneficiari person cross border credit transfer order mean uncondit instruct form directli origin institut execut cross border credit transfer origin mean natur legal person order make cross border credit transfer beneficiari beneficiari mean final recipi cross border credit transfer fund made account access custom mean origin beneficiari context requir refer interest rate mean interest rate repres compens establish accord rule laid member state establish pai compens custom situat date accept mean date fulfil condit requir institut execut cross border credit transfer order relat avail adequ financi cover inform requir execut order section ii transpar condit cross border credit transfer articl prior inform condit cross border credit transfer institut make actual prospect custom write includ electron mean readili comprehens form inform condit cross border credit transfer inform includ indic time need cross border credit transfer order institut execut fund credit account beneficiari institut start period indic time need receipt cross border credit transfer fund credit account institut credit beneficiari account manner calcul commiss fee charg payabl custom institut includ rate date appli institut detail complaint redress procedur custom arrang access indic refer exchang rate articl inform subsequ cross border credit transfer institut suppli custom expressli forgo subsequ execut receipt cross border credit transfer clear inform write includ electron mean readili comprehens form inform includ refer enabl custom identifi cross border credit transfer origin amount cross border credit transfer amount charg commiss fee payabl custom date appli institut origin charg cross border credit transfer wholli partli born beneficiari inform thereof institut amount convert institut convert inform custom exchang rate section iii minimum oblig institut respect cross border credit transfer articl specif undertak institut busi custom institut custom request cross border credit transfer state specif give undertak time need execut transfer commiss fee charg payabl relat exchang rate articl oblig time origin institut execut cross border credit transfer question time limit agre origin agre time limit compli absenc time limit end bank busi dai date accept cross border credit transfer order fund credit account beneficiari institut origin institut compens origin compens compris payment interest calcul appli refer rate interest amount cross border credit transfer period end agre time limit absenc time limit end bank busi dai date accept cross border credit transfer order date fund credit account beneficiari institut similarli execut cross border credit transfer time limit agre absenc time limit end bank busi dai date accept cross border credit transfer attribut intermediari institut institut requir compens origin institut beneficiari institut make fund result cross border credit transfer beneficiari time limit agre beneficiari agre time limit compli absenc time limit end bank busi dai dai fund credit account beneficiari institut fund credit beneficiari account beneficiari institut compens beneficiari compens compris payment interest calcul appli refer rate interest amount cross border credit transfer period end agre time limit absenc time limit end bank busi dai dai fund credit account beneficiari institut date fund credit beneficiari account compens payabl pursuant paragraph origin institut case beneficiari institut establish delai attribut origin case beneficiari paragraph prejudic right custom institut particip execut cross border credit transfer order articl oblig execut cross border transfer accord instruct origin institut intermediari institut beneficiari institut date accept cross border credit transfer order oblig execut credit transfer full amount thereof origin cost cross border credit transfer born wholli partli beneficiari subparagraph prejudic possibl beneficiari institut levi charg beneficiari relat administr account accord relev rule custom charg institut avoid oblig impos subparagraph prejudic claim made origin institut intermediari institut made deduct amount cross border credit transfer breach paragraph origin institut origin request credit free deduct cost amount deduct beneficiari origin request amount credit intermediari institut made deduct breach paragraph credit amount deduct free deduct cost origin institut origin institut request beneficiari cross border credit transfer breach duti execut cross border credit transfer order accord origin instruct caus beneficiari institut prejudic claim made beneficiari institut liabl credit beneficiari cost sum wrongli deduct articl oblig institut refund event execut transfer cross border credit transfer order accept origin institut relev amount credit account beneficiari institut prejudic claim made origin institut credit origin ecu amount cross border credit transfer interest calcul appli refer interest rate amount cross border credit transfer period date cross border credit transfer order date credit charg relat cross border credit transfer paid origin amount made origin fourteen bank busi dai date request fund cross border credit transfer meantim credit account beneficiari institut request made expiri time limit agre origin institut origin execut cross border credit transfer order absenc time limit expiri time limit laid subparagraph articl similarli intermediari institut accept cross border credit transfer order ow oblig refund cost amount credit transfer includ relat cost interest institut instruct carri order cross border credit transfer complet error omiss instruct institut intermediari institut endeavour refund amount transfer derog paragraph cross border credit transfer complet execut intermediari institut chosen beneficiari institut institut oblig make fund beneficiari ecu derog paragraph cross border credit transfer complet error omiss instruct origin institut execut cross border credit transfer intermediari institut expressli chosen origin origin institut institut involv endeavour fa refund amount transfer amount recov origin institut oblig credit origin institut includ origin institut oblig case refund charg interest accru deduct cost aris recoveri articl situat forc majeur prejudic provis direct eec institut particip execut cross border credit transfer order releas oblig laid direct adduc reason forc majeur abnorm unforese circumst control person plead forc majeur consequ unavoid effort contrari relev provis articl settlement disput member state ensur adequ effect complaint redress procedur settlement disput origin institut beneficiari institut exist procedur section iv final provis articl implement member state bring forc law regul administr provis compli direct august latest forthwith inform commiss thereof member state adopt provis refer direct accompani refer occas offici public method make refer laid member state member state commun commiss text main law regul administr provis adopt field govern direct articl report european parliament council year date implement direct commiss submit report european parliament council applic direct accompani propos revis report light situat exist member state technic develop place deal question time limit set articl articl entri forc direct enter forc date public offici journal european commun articl addresse direct address member state brussel januari european parliament presid gil robl council presid zalm oj oj oj opinion european parliament oj council common posit decemb oj decis european parliament march oj decis council decemb decis european parliament januari oj oj oj oj oj oj direct amend direct ec oj oj joint statement european parliament council commiss european parliament council commiss note determin member state implement law regul administr provis requir compli direct januari