payment commitments
Defined in Article 2, Deposit Guarantee Schemes Directive (DGSD)
Definitions over time (1)
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02/07/2014 – today applies on 12/11/2026 Article 2, Deposit Guarantee Schemes Directive (DGSD) Scope: Whole act
For the purposes of this Directive the following definitions apply:
‘payment commitments’ means payment commitments of a credit institution towards a DGS which are fully collateralised providing that the collateral: consists of low risk assets; is unencumbered by any third-party rights and is at the disposal of the DGS;