netting set definition
netting set means a set of non-centrally cleared over-the-counter (‘OTC’) derivative contracts between two counterparties that is subject to a legally enforceable bilateral netting agreement.
netting set means a group of transactions with a single counterparty that are subject to a legally enforceable bilateral netting arrangement and for which netting is recognised under Part 7 of this Annex and Articles 90 to 93. Each transaction that is not subject to a legally enforceable bilateral netting arrangement, which is recognised under Part 7 of this Annex, should be interpreted as its own netting set for the purpose of this Annex.
netting set means a group of contracts subject to a netting arrangement as defined in Article 2(1)(98) of Directive 2014/59/EU;
More Definitions of netting set
netting set means a set of non-centrally cleared derivative contracts between two counterparties that is subject to a legally enforceable bilateral netting agreement.
netting set means a group of contracts subject to a netting arrangement as defined in Article 125 of the Bank Recovery and Resolution (No. 2) Order 2014 Article 2(1)(98) of Directive 2014/59/EU; (2) ‘valuer’ means the independent expert appointed to carry out the valuation in compliance with the requirements and the criteria set out in Part Four of Commission Delegated Regulation (EU) 2016/1075 (5) or the resolution authority when conducting the valuation pursuant to sections 6E and 48X of the Banking Act of 2009 paragraphs (2) and (9) of Article 36 of Directive 2014/59/EU; (3) ‘central counterparty’, or ‘CCP’, means a CCP as defined in Article 2(1) of Regulation (EU) No 648/2012, to the extent that it is either;(a)established in the United Kingdom Union and authorised in accordance with the procedure set out in Articles 14 to 21 of Regulation (EU) No 648/2012;
netting set means a group of transactions with a single counterparty that are subject to a legally enforceable bilateral netting arrangement and for which netting is recognized under this Decision. Each transaction that is not subject to a legally enforceable bilateral netting arrangement should be interpreted as its own netting set;
netting set. – means a group of transactions with a single counterparty that are subject to bilateral netting and for which netting is recognised under the sub-charter II of Charter VI of this Regulation. Each transaction that is not subject to a legally enforceable bilateral netting arrangement under sub-charter II of Charter VI should be interpreted as its own netting set for the purpose of this Chapter;
netting set means a group of derivative transactions between covered entities that are subject to a single legally enforceable bilateral agreement;
netting set means a group of transactions with a single Counterparty that are subject to a Qualifying Bilateral Netting Agreement; each transaction with a single Counterparty that is not subject to a Qualifying Bilateral Netting Agreement comprises its own Netting Set;
netting set means a group of non-centrally cleared OTC derivative contracts between two counterparties that is subject to a legally enforceable bilateral netting arrangement and may be accompanied by an exchange of collateral agreement. Each transaction that is not subject to a legally enforceable bilateral netting arrangement shall be treated as its own netting set.