Improper performance of the second part of the REPO – definition and meaning of "Improper performance of the second part of the REPO"

Improper performance of the second part of the repo — in cases where, as of the date of performance of the second part of the repo, the obligation to implement (acquire) securities under the second part of the repo has not been fully or partially performed... but at the same time the procedure for settling mutual claims has been carried out in accordance with the requirements provided for in paragraph 6 of this article¹.

Federal Law No. 281-FZ dated November 25, 2009, "On Amending Part One and Two of the Tax Code of the Russian Federation and Certain Legislative Acts of the Russian Federation" dated November 25, 2009, as amended on July 4, 2016, Article 2, subpara. a#7 // RSZ RF. 2009. No. 48. Art. 5731. ↩