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Payment Clearing and Settlement Act

Version of section 5 from 2003-01-01 to 2014-12-15:


Marginal note:Financial arrangements, etc.

 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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