Preamble
Recitals 23
Section I - SCOPE AND DEFINITIONS (Article 1-2) 2
Section II - NETTING AND TRANSFER ORDERS (Article 3-5) 3
Section III - PROVISIONS CONCERNING INSOLVENCY PROCEEDINGS (Article 6-8) 3
Section IV - INSULATION OF THE RIGHTS OF HOLDERS OF COLLATERAL SECURITY FROM THE EFFECTS OF THE INSOLVENCY OF THE PROVIDER (Article 9) 1
Section V - FINAL PROVISIONS (Article 10-14) 7
Amending acts 6

netting

Definitions over time (1)

30/06/2009 – today applies on 12/11/2026 Article 2, Directive 98/26/EC Scope: Whole act

‘netting’ shall mean the conversion into one net claim or one net obligation of claims and obligations resulting from transfer orders which a participant or participants either issue to, or receive from, one or more other participants with the result that only a net claim can be demanded or a net obligation be owed;