Netting-based payment clearing position – definition and meaning of "Netting-based payment clearing position"

Netting-based clearing position — is determined as the difference between the total amount of payment system participants' instructions to be executed, for which the payment system participant is a payer, and the total amount of payment system participants' instructions, for which the payment system participant is a 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 6 // RSZ RF. 2011. No. 27. P. 3872. ↩