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

indirect participant

Definitions over time (1)

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

‘indirect participant’ shall mean an institution, a central counterparty, a settlement agent, a clearing house or a system operator with a contractual relationship with a participant in a system executing transfer orders which enables the indirect participant to pass transfer orders through the system, provided that the indirect participant is known to the system operator;