Glossary

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Term Definition Legal instruments

financial arrangement

01/06/2016

THIS DEFINITION ONLY APPLIES TO THE STAY IN RESOLUTION PART

means the following contracts and agreements:

(a) financial contracts as defined in point 100 (a) to (d) of Article 2(1) of the BRRD

(b) a derivative as defined in Article 2(5) of Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4th July 2012 on OTC derivatives, central counterparties and trade repositories; and

(c) a master agreement in so far as it relates to:

(i) any of the contracts or agreements referred to in points (a) and (b); or

(ii) a contract for the sale, purchase or delivery of the currency of the UK or any other country, territory or monetary union.

Instruments