(5)The counterparties of the institution may agree on a so-called ‘catch-all’ or sweep-up ‘set-off’ agreement including any and all rights and liabilities between the parties. In consequence of this type of agreement any liabilities between the parties would be protected against being separated from each other. This would make the partial transfer with regard to this counterparty unmanageable, and in general would jeopardise the feasibility of the tool altogether, as the resolution authorities might even not be able to discern which liabilities are or are not covered by these arrangements. It should then further be clarified that ‘catch all’ or ‘sweep up’ netting and set-off agreements, including any and all assets, rights and liabilities between the parties, should not qualify as protected arrangements.