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Bilateral Netting of Qualified Financial Contracts Act, 2020

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Chapters
5
Sections
11

Section index

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Chapter I

Preliminary

2 sections
§ 1 Short title and commencement
§ 2 Definitions
Chapter II

Application of Act

3 sections
§ 3 Applicability of Act
§ 4 Powers of authority
§ 5 Enforceability of netting
Chapter III

Invocation of Close-out Netting

2 sections
§ 6 Invocation of close-out netting
§ 7 Net amount
Chapter IV

Limitations on Powers of Administration Practitioner

1 section
§ 8 Limitations on powers of administration practitioner
Chapter V

Miscellaneous

3 sections
§ 9 Power to amend Schedules
§ 10 Provisions of this Act to override other laws
§ 11 Power to remove difficulties

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