payment leg
as defined in Directive 2006/48/EC of the European Parliament and of the Council of 14 June…
When an OTC derivative transaction with a linear risk profile stipulates the exchange of a financial instrument for a payment, the payment Part
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Also defined in
- CRR 32013R0575, Article 272, point (26)
the payment agreed in an OTC derivative transaction with a linear risk profile which stipulates the exchange of a financial instrument for a payment. In the case of transactions that stipulate the exchange of payment against payment, those two payment legs shall consist of the contractually agreed…