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they must be effective under the law governing the guarantee and enforceable under the law of a euro area country .
they must be effective under the law governing the guarantee and enforceable under the law of a euro area country .
Last Update: 2011-10-23
Usage Frequency: 2
Quality:
a processing of payment orders the provisions on processing of payment orders [ list of sections ] of the rules are valid and enforceable .
a processing of payment orders the provisions on processing of payment orders [ list of sections ] of the rules are valid and enforceable .
Last Update: 2011-10-23
Usage Frequency: 1
Quality:
specifically , the creation and enforcement of a pledge or repo under the rules will be valid and enforceable under the laws of [ jurisdiction ] .
specifically , the creation and enforcement of a pledge or repo under the rules will be valid and enforceable under the laws of [ jurisdiction ] .
Last Update: 2014-11-21
Usage Frequency: 2
Quality:
in particular , all payment orders processed pursuant to such sections will be valid , binding and will be enforceable under the laws of [ jurisdiction ] .
in particular , all payment orders processed pursuant to such sections will be valid , binding and will be enforceable under the laws of [ jurisdiction ] .
Last Update: 2011-10-23
Usage Frequency: 1
Quality:
specifically , the creation and enforcement of a pledge or repo under the rules will be valid and enforceable under the laws of [ jurisdiction ] ."
specifically , the creation and enforcement of a pledge or repo under the rules will be valid and enforceable under the laws of [ jurisdiction ] .'
Last Update: 2011-10-23
Usage Frequency: 1
Quality:
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a assignment of rights or deposit of assets for collateral purposes , pledge and / or repo assignments for collateral purposes will be valid and enforceable under the laws of [ jurisdiction ] .
a assignment of rights or deposit of assets for collateral purposes , pledge and / or repo assignments for collateral purposes will be valid and enforceable under the laws of [ jurisdiction ] .
Last Update: 2011-10-23
Usage Frequency: 1
Quality:
( b ) l e g a l n a t u r e the national central banks may execute reverse transactions either in the form of repurchase agreements ( i.e. the ownership of the asset is transferred to the creditor , while the parties agree to reverse the transaction through a re-transfer of the asset to the debtor at a future point in time ) or as collateralised loans ( i.e. an enforceable security interest is provided over the assets but , assuming fulfilment of the debt obligation , the ownership of the asset is retained by the debtor ) .
( b ) l e g a l n a t u r e the national central banks may execute reverse transactions either in the form of repurchase agreements ( i.e. the ownership of the asset is transferred to the creditor , while the parties agree to reverse the transaction through a re-transfer of the asset to the debtor at a future point in time ) or as collateralised loans ( i.e. an enforceable security interest is provided over the assets but , assuming fulfilment of the debt obligation , the ownership of the asset is retained by the debtor ) .
Last Update: 2011-10-23
Usage Frequency: 1
Quality: