Art. 428e · Netting of secured lending transactions and capital market-driven transactions

Version in force 28 June 2021, Inserted +332 −0§

Amended by Regulation (EU) 2019/2033 32019R2033 on EUR-Lex (external, EUR-Lex) · Regulation (EU) 2019/876 32019R0876 on EUR-Lex (external, EUR-Lex) · Regulation (EU) 2021/558 32021R0558 on EUR-Lex (external, EUR-Lex) · Regulation (EU) 2020/873 32020R0873 on EUR-Lex (external, EUR-Lex)

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Explanation, written by a model and checked against the cited text

This is a newly added provision setting out that assets and liabilities arising from securities financing transactions with a single counterparty are to be calculated on a net basis, subject to the netting conditions specified in Article 429b(4).

Cited: Art. 428e, v2 (external, EUR-Lex)

v1 is the previous version, v2 this one.

Article 428e
Netting of secured lending transactions and capital market-driven transactions
Assets and liabilities resulting from securities financing transactions with a single counterparty shall be calculated on a net basis, provided that those assets and liabilities comply with the netting conditions set out in Article 429b(4).