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Article 219 - On-balance sheet netting

Article 219
On-balance sheet netting

Loans to and deposits with the lending institution subject to on-balance sheet netting are to be treated by that institution as cash collateral for the purpose of calculating the effect of funded credit protection for those loans and deposits of the lending institution subject to on-balance sheet netting which are denominated in the same currency.

Official text · consolidated version 19/07/2016 (no longer in force) Open full page ↗
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