november 2002 , at TARGET-refusionsordningen i artikel 3 , litra h ) , i retningslinje ECB / 2001/3 af 26 . april 2001 om et TransEuropean Automated Real-time Gross settlement Express Transfer system ( 1 ) , ændret ved retningslinje ECB / 2002 / 1 ( 2 ) (» TARGET-retningslinjen «) , erstattes en ny TARGETkompensationsordning , der bedre afspejler eksisterende markedspraksis end den nuværende TARGET-refusionsordning .
The Governing Council of the ECB ( the Governing Council ) decided on 27 November 2002 that the TARGET reimbursement scheme contained in Article 3 ( h ) of Guideline ECB / 2001/3 ( 1 ) of 26 April 2001 on a Trans-European Automated Real-Time Gross Settlement Express Transfer System ( TARGET ) , as amended by Guideline ECB / 2002/1 ( 2 ) of 27 February 2002 ( the TARGET Guideline ) should be replaced by a new TARGET Compensation Scheme that better reflects existing market practices than the present TARGET reimbursement scheme . Since the Governing Council decided that compensation offered under the TARGET Compensation Scheme is to be the common compensation offered by the European System of Central Banks ( ESCB ) in cases of a TARGET malfunctioning , the TARGET Compensation Scheme should be incorporated as a common rule for all national RTGS systems in a separate Article of the