equivalent collateral

Defined in Article 2, Directive 2002/47/EC

Definitions over time (1)

1. 30/06/2009 – today applies on 12/11/2026 Article 2, Directive 2002/47/EC Scope: Whole act

   ‘equivalent collateral’: in relation to cash, means a payment of the same amount and in the same currency; in relation to financial instruments, means financial instruments of the same issuer or debtor, forming part of the same issue or class and of the same nominal amount, currency and description or, where a financial collateral arrangement provides for the transfer of other assets following the occurrence of any event relating to or affecting any financial instruments provided as financial collateral, those other assets;

Used in (6 places in 3 provisions on 12/11/2026)

Directive 2002/47/EC (6 in 3)

Article 2 · Article 5⁴ · Article 6