EBU Single Rulebook Q&A 18 November 2016 2016_3009 Exclusion of centrally cleared transactions
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European Union · · · 20-01-2017
How should the terms ‘clearing member’ and ‘client’ be understood for the purposes of Article 382(3) of Regulation (EU) No 575/2013 (CRR)? In Article 382(3) CRR, are clients’ transactions excluded from the perspective of the client only or from both perspectives of the client and the clearing member?
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