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In this act Article 23 of 42

Article 23 — CCPs authorised as credit institutions

Financial servicesLevel 2RTSEMIRIn forceOfficial source

By way of derogation from Article 2(2), counterparties may provide in their risk management procedures that no collateral is exchanged in relation to non-centrally cleared OTC derivative contracts entered into with CCPs authorised as credit institutions in accordance with Directive 2013/36/EU.