(1) The credit value date for a payee’s payment account shall not be later than the business day on which the amount of the payment transaction is credited to the payee’s payment service provider’s account.
(2) The payment service provider of a payee shall ensure that the amount of a payment transaction is at the payee’s disposal immediately after that amount is credited to the payee’s payment service provider’s account where, on the part of the payee’s payment service provider, there is -
(a) no currency conversion,
(b) a currency conversion between the euro and a Member State currency, or
(c) a currency conversion between two Member State currencies.
(3) Paragraph (2) shall also apply to payments within one payment service provider.
(4) The debit value date for a payer’s payment account shall not be earlier than the time at which the amount of the payment transaction is debited to that payment account.