+Article 15 2.

Article 15 2.

Any exercise by counterparties of their right to reuse shall be subject to at least both of the following conditions:

(a) 

reuse is undertaken in accordance with the terms specified in the collateral arrangement referred to in point (b) of paragraph 1;

(b) 

the financial instruments received under a collateral arrangement are transferred from the account of the providing counterparty.

By way of derogation from point (b) of the first subparagraph, where a counterparty to a collateral arrangement is established in a third country and the account of the counterparty providing the collateral is maintained in and subject to the law of a third country, the reuse shall be evidenced either by a transfer from the account of the providing counterparty or by other appropriate means.

1. Panoramica

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1.1 Riferimenti

1.2 Requisiti identificati

1.3 Standard correlati

2. Requisiti identificati

Requisiti

3. Standard correlati

Standard