Payment Clearing and Settlement Act

Marginal note:Financial arrangements, etc.

5 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.