Payment Clearing and Settlement Act
Marginal note:Financial arrangements, etc.
5 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) such other matters pertaining to systemic risk as may be agreed on by the parties to the agreement.
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