+Article 2 (8)

Article 2 (8)

‘default event’ means a scenario in which the CCP has declared in default:

(a)

one or more clearing members in accordance with the procedure set out in Article 48 of Regulation (EU) No 648/2012; or

(b)

one or more interoperable CCPs in accordance with the relevant contractual arrangements or with the procedure set out in Article 52 of Regulation (EU) No 648/2012;

1. Overview

,

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards