New legislation on netting and payments finality

Loretta DeSourdy
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Loretta DeSourdy: Reserve Bank of New Zealand

Reserve Bank of New Zealand Bulletin, 1999, vol. 62, No 2

Abstract: This article explains recent legislative changes directed at making the netting of financial contracts in New Zealand more legally certain and at aligning the commencement of liquidation or insolvency with the recent move to the real-time gross settlement of high value payment transactions.

Date: 1999
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