Irrevocability of the
transfer orders and final character of the settlement
Pursuant to article L.330-1 III of the Monetary and Financial Code, the
transfer order is irrevocable as of the time stamping of the M2
acknowledgement message.
This order is also covered by the provisions of article L.330-1 II of the
Monetary and Financial Code.
The payment for the operations exchanged on the SIT takes place at the time
of the settlement of the system’s netting balances in TBF. (Banque de France
Transfer).