central counterparty
Defined in Article 2, Directive 98/26/EC
Definitions over time (2)
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‘central counterparty’ or ‘CCP’ shall mean a CCP as defined in point (1) of Article 2 of Regulation (EU) No 648/2012;
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30/06/2009 – 27/06/2019 Article 2, Directive 98/26/EC Scope: Whole act
‘central counterparty’ shall mean an entity which is interposed between the institutions in a system and which acts as the exclusive counterparty of these institutions with regard to their transfer orders;