In force2020 Revised EditionCurrent version · 2020 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
Payment and Settlement Systems (Finality and Netting) Act 2002 · 2020 Revised Edition · Part 1 · Preliminary
1. Short title
Feedback & supportThis Act is the Payment and Settlement Systems (Finality and Netting) Act 2002.
netting
Defined · s 2
“netting” means the conversion into one net claim or one net obligation of claims and obligations resulting from transfer orders which a participant either issues to, or receives from, one or more other participants with the result that only a net claim can be demanded or a net obligation be owed;