guarantee

Defined in Article 1, Commission Delegated Regulation (EU) 2017/579

Definitions over time (1)

1. 20/04/2017 – today applies on 11/11/2026 Article 1, Commission Delegated Regulation (EU) 2017/579 Scope: Whole act

   ‘guarantee’ means an explicitly documented legal obligation by a guarantor to cover payments of the amounts due or that may become due pursuant to the OTC derivative contracts covered by that guarantee and entered into by the guaranteed entity in favour of the beneficiary where there is a default as defined in the guarantee or where no payment has been effected by the guaranteed entity.

Used in (15 places in 3 provisions on 11/11/2026)

Commission Delegated Regulation (EU) 2017/579 (15 in 3)

Recital 5³ · Article 1³ · Article 2⁹