Template:SFTR 3(12): Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "{{sftrprov|3(12)}} ‘'''{{sftrprov|reuse}}'''’ means the use by a receiving counterparty, in its own name and on its own account or on the account of another counterparty,...") |
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Latest revision as of 17:37, 16 April 2018
3(12) ‘reuse’ means the use by a receiving counterparty, in its own name and on its own account or on the account of another counterparty, including any natural person, of financial instruments received under a collateral arrangement, such use comprising transfer of title or exercise of a right of use in accordance with Article 5 of Directive 2002/47/EC but not including the liquidation of a financial instrument in the event of default of the providing counterparty;