Final Clearing Regulations and Related Guarantee Arrangements

Release Date:	1447-01-07
Release Tool:	Councils and commissions decisions
Issuance Instrument Number:	2025-73-4
Validity:	Valid
Summary:	By AI The Capital Market Authority issued a Regulation governing "final settlement and collateral arrangements" aimed at protecting the market from the risks of a party's default. The Regulation grants legal force to netting and collateral agreements, even if one of the parties enters into Bankruptcy or default. Upon the occurrence of a default event, obligations are liquidated and converted into a net amount payable from one party to another, and no entity – including the Judiciary or the Bankruptcy ...

Release Date:

1447-01-07

Release Tool:

Councils and commissions decisions

Issuance Instrument Number:

2025-73-4

Validity:

Valid

Summary:

By AI

The Capital Market Authority issued a Regulation governing "final settlement and collateral arrangements" aimed at protecting the market from the risks of a party's default. The Regulation grants legal force to netting and collateral agreements, even if one of the parties enters into Bankruptcy or default. Upon the occurrence of a default event, obligations are liquidated and converted into a net amount payable from one party to another, and no entity – including the Judiciary or the Bankruptcy ...