clearing
as defined in Regulation (EU) No 648/2012 of the European Parliament and of the Council of…, Article 2, point (3) (Definitions)
the process of establishing positions, including the calculation of net obligations, and ensuring that financial instruments, cash, or both, are available to secure the exposures arising from those positions
Install the extension for EUR-Lex
Also defined in
- Commission Regulation (EU) No 1031/2010 of 12 November 2010 on the timing, administration and other aspects of… 32010R1031, Article 3, point (32)
all processes preceding the opening of the bidding window, during the bidding window and following the closing of the bidding window until settlement, involving the management of any risks arising during that interval, including margining, netting, or novation, or any other services, carried out…