Netting clearing position on a gross basis – definition and meaning of "Netting clearing position on a gross basis"

Gross clearing position - is determined as the amount of an individual participant's instruction in the payment system or the total amount of instructions of participants in the payment system, for which the participant in the payment system is a payer or recipient of funds¹.

Federal Law No. 161-FZ dated June 27, 2011 "On the National Payment System", as amended on September 29, 2011, Article 25, paragraph 4 // RSFSR. 2011. No. 27. Art. 3872. ↩