Common use of Directly Connected Parties Clause in Contracts

Directly Connected Parties. 1. The Contracting CSD shall maintain a contractual relationship with the DCP that it has des- ignated to the Eurosystem. The Eurosystem shall not maintain a contractual relationship with that DCP for the matters dealt with under this Agreement. 2. The Contracting CSD shall only have the obligations in respect of the DCP that it has desig- nated, as provided for in this Agreement and in the T2S Scope Defining Set of Documents. The Contracting CSD shall reflect the obligations that need to be performed by the DCP in relation to the T2S Services in its contractual relationship with such DCP. 3. Without prejudice to Article 1(4), in all matters covered by the subject matter of this Agree- ment, and without prejudice to its provisions, the Eurosystem can interact in particular with the Contracting CSD’s DCPs for the purposes of managing the technical connections to T2S, DCP Certification in user testing and crisis management.