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package orders (Text with EEA relevance)","document_date":"2017-08-14"},"position":{"kind":"article","key":"4","index":4,"articles":6,"annexes":0},"prev":{"path":"/mifir/level-2/delegated-acts/2017-2194-package-orders/articles/3","key":"3","title":"Article 3 — Asset-class specific criteria for package orders consisting exclusively of equity derivatives"},"next":{"path":"/mifir/level-2/delegated-acts/2017-2194-package-orders/articles/5","key":"5","title":"Article 5 — Asset-class specific criteria for package orders consisting exclusively of commodity derivatives"},"act_anchor":"#art-4"}},"provenance":{"official_url":"https://eur-lex.europa.eu/eli/reg_del/2017/2194/oj/eng","check":{"result":"matched","checked_at":"2026-10-26","against":"EUR-Lex"},"repo_path":"spaces/mifir/level-2/delegated-acts/2017-2194-package-orders.md","unit_text_sha256":"b9b40baa0dec347718d7c6b397f9ca968e3dee210acec1903afd3fce426f9176","note":"the unit is a byte-exact part of the act page, whose check record covers it"},"unit":{"locator":"spaces/mifir/level-2/delegated-acts/2017-2194-package-orders/art-4","kind":"article","key":"4","heading":"Article 4 — Asset-class specific criteria for package orders consisting exclusively of credit derivatives","text":"## <a id=\"art-4\"></a>Article 4 — Asset-class specific criteria for package orders consisting exclusively of credit derivatives\n\nThe asset-class specific criteria referred to in Article 1(b)(iv) for package orders consisting exclusively of credit derivatives as referred to in in Section 9 of Annex III to Delegated Regulation (EU) 2017/583 shall be the following:\\\n**(a)** the package order has no more than two components;\n**(b)** all components of the package order are index credit default swaps as referred to in Section 9 of Annex III to Delegated Regulation (EU) 2017/583;\n**(c)** all components of the package order are denominated in the same notional currency of either EUR or USD;\n**(d)** all components of the package order have the same underlying index;\n**(e)** all components of the package order have a tenor of 5 years;\n**(f)** the package order replaces a position in a next-to-recent version of an index series (latest off-the-run) with a position in the most recent version (on-the-run).\n\n","marks":[],"text_hash":"b9b40baa0dec347718d7c6b397f9ca968e3dee210acec1903afd3fce426f9176","revision":1}}