client funds depositsmeans funds that account holders that are financial institutions as defined in Article 4(1), point (26), of Regulation (EU) No 575/2013 deposit in the course of their business with a credit institution for the account of their clients;
depositmeans a credit balance which results from funds left in an account or from temporary situations deriving from normal banking transactions habitually carried out by credit institutions in the course of their business, and which a credit institution is required to repay under the legal and contractual conditions applicable, including a fixed-term deposit and a savings deposit, but excluding a credit balance where:’
money launderingmeans money laundering as defined in Article 2(1), point (1), of Regulation (EU) 2024/1624 of the European Parliament and of the Council;
payment commitmentmeans an irrevocable, fully collateralised obligation of a credit institution to pay a DGS a monetary amount when called by that DGS, and where the collateral:’
resolution authoritymeans a resolution authority as defined in Article 2(1), point (18), of Directive 2014/59/EU;
terrorist financingmeans terrorist financing as defined in Article 2(1), point (2), of Regulation (EU) 2024/1624.
Union State aid frameworkmeans the framework established by Articles 107, 108 and 109 of the Treaty on the Functioning of the European Union (TFEU) and regulations and all Union acts, including guidelines, communications and notices, made or adopted pursuant to Article 108(4) or Article 109 TFEU;