Loss-sharing rule: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Administrator (CSV import) |
imported>Doug Williamson (Expand.) |
||
| Line 4: | Line 4: | ||
Also known as Loss-sharing agreement. | Also known as Loss-sharing agreement. | ||
== See also == | == See also == | ||
* [[Loss]] | * [[Loss]] | ||
* [[Transfer]] | |||
Revision as of 19:35, 12 April 2016
An agreement between participants in a transfer system or clearing house arrangement regarding the allocation of any loss arising when one or more participants fail to fulfil their obligation.
The arrangement stipulates how the loss will be shared among the parties concerned in the event that the agreement is activated.
Also known as Loss-sharing agreement.
