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Status: Published
Version date: 27 June 2013 - onwards
    Version 1 of 1    

contractual cross product netting agreement

means a bilateral contractual agreement between an institution and a counterparty which creates a single legal obligation (based on netting of covered transactions) covering all bilateral master agreements and transactions belonging to different product categories that are included within the agreement;

For the purposes of this definition, 'different product categories' means:

(a) repurchase transactions, securities and commodities lending and borrowing transactions;

(b) margin lending transactions;

(c) the contracts listed in Annex II

Comparing proposed amendment...