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AI Summary of Article 298 Effects of recognition of netting as risk-reducing

The provisions articulated in Sections 3 to 6 establish a clear framework for netting recognition. It is imperative that legal and compliance professionals understand the parameters set forth in these sections, as they govern the operational scope and effectiveness of netting agreements.

Moreover, adherence to these guidelines not only ensures regulatory compliance but also mitigates potential risks associated with financial exposure. As such, practitioners in the field must remain vigilant in applying these principles to safeguard their organisations against unforeseen liabilities.

Version status: Amended | Document consolidation status: Updated to reflect all known changes
Version date: 28 June 2021 - onwards
Version 5 of 5

Article 298 Effects of recognition of netting as risk-reducing

Netting for the purposes of Sections 3 to 6 shall be recognised as set out in those Sections.