Canada Deposit Insurance Corporation Eligible Financial Contracts By-law

Marginal note:Definitions

1 The following definitions apply in this By-law.

Act

Act means the Canada Deposit Insurance Corporation Act. (Loi)

central counterparty

central counterparty means a corporation, association, partnership, agency or other entity that provides a clearing and settlement system and fully guarantees the performance of, or fully novates, eligible financial contracts that are cleared or settled through that system. (contrepartie centrale )

clearing and settlement system

clearing and settlement system means a system or arrangement for the clearing or settlement of payment obligations between counterparties in one or more financial markets, or for the sharing of payment messages for the purpose of clearing or settlement of such payment obligations. (système de compensation et de règlement)