Encyclopedia
Collective clearing collateral
Collective clearing collateral - a method of securing the performance of obligations admitted to clearing, provided for in Article 24 of this Federal law1;
Collective clearing collateral - a method of securing the performance of obligations admitted to clearing by any participant in clearing, according to which satisfaction of claims secured by collective clearing collateral, in cases established by the agreement on collective clearing collateral, is carried out at the expense of property that is the subject of collective clearing collateral (hereinafter referred to as the guarantee fund)2.
Federal Law No. 7-FZ dated February 7, 2011 "On Clearing and Clearing Activities", as amended on February 7, 2011, Article 2, subpara. 9 // RSFSR Gazette. 2011. No. 7. P. 904. ↩
Federal Law No. 7-FZ of February 7, 2011 "On Clearing and Clearing Activities", as amended on February 7, 2011, Art. 24, para. 1 // RSZ RF. 2011. No. 7. Art. 904. ↩