Encyclopedia

Net obligation

13 October 2026, 17:38

Net obligation - a monetary obligation arising in connection with such termination, providing that: obligations are terminated under all contracts concluded in accordance with the general agreement (master agreement); obligations are terminated on the date determined in accordance with the general agreement (master agreement), or on a date preceding the date on which the arbitral court adopts a decision recognizing the debtor as bankrupt bankrupt and the initiation of insolvency proceedings, and for a credit institution, the date of revocation of its license to conduct banking operations, depending on which of these dates occurs earlier; the net obligation is determined for all terminating obligations and does not include compensation for damages in the form of lost profits and the recovery of penalties (fines, interest)¹.

²Net obligation — a monetary obligation arising in connection with such termination, providing that: ... the net obligation is determined on all terminating obligations, including obligations under the agreement (contract) on collateral payment referred to in Article 51.7 of this Federal law, and does not include compensation for damages in the form of lost profits and recovery of penalties (fines, interest).

Federal Law No. 39-FZ dated April 22, 1996 "On the Securities Market", as amended on February 11, 2011, Article 51-5, paragraph 2 // RSZ RF. 1996. No. 17. Art. 1918. ↩
Federal Law No. 39-FZ dated April 22, 1996 "On the Securities Market", as amended on July 14, 2022, Article 51.5, paragraph 2 // RSZ RF. 1996. No. 17. Art. 1918. ↩

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