« information and control module ( icm ) » means the ssp module that allows participants to obtain online information and gives them the possibility to submit liquidity transfer orders  manage liquidity and initiate backup payment orders in contingency situations  « icm broadcast message » means information made simultaneously available to all or a selected group of target2 participants via the icm  « indirect participant » means a credit institution established in the european economic area ( eea )  which has entered into an agreement with a direct participant to submit payment orders and receive payments via such direct participant s pm account  and which has been recognised by a target2 component system as an indirect participant  « insolvency proceedings » means insolvency proceedings within the meaning of article 2 ( j ) of the settlement finality directive  « instructing participant » means a target2 participant that has initiated a payment order  « intraday credit » means credit extended for a period of less than one business day 