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Payment Clearing and Settlement Act

Version of section 13.2 from 2014-12-16 to 2017-12-13:


Marginal note:Clearing house or participant

 The Bank may enter into an agreement with a clearing house or a participant, or both, in respect of

  • (a) netting arrangements;

  • (b) risk-sharing and risk-control mecha­nisms;

  • (c) certainty of settlement and finality of payment;

  • (d) the nature of financial arrangements among participants;

  • (e) the operational systems and financial soundness of the clearing house; and

  • (f) any other matters pertaining to systemic risk or payments system risk.

  • 2014, c. 39, s. 369
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