• Chapter 4 Chapter 4 — Interpretation

    • 284. Netting agreement containing other provisions

      For the purposes of this Part 7 (Financial Markets and Netting), a netting agreement shall be deemed to be a netting agreement notwithstanding the fact that such netting agreement may contain provisions relating to agreements, contracts or transactions that are not qualified financial contracts, provided, however, that, for the purposes of this Part 7 (Financial Markets and Netting), such netting agreement shall be deemed to be a netting agreement only with respect to those agreements, contracts or transactions that fall within the definition of "qualified financial contract".

    • 285. Collateral arrangement containing other provisions

      For the purposes of this Part 7 (Financial Markets and Netting), a collateral arrangement shall be deemed to be a collateral arrangement notwithstanding the fact that such collateral arrangement may contain provisions relating to agreements, contracts or transactions that are not a netting agreement or qualified financial contract entered into thereunder, provided, however, that, for the purposes of this Part 7 (Financial Markets and Netting), such collateral arrangement shall be deemed to be a collateral arrangement only with respect to those agreements, contracts or transactions that fall within the definition of "netting agreement" or "qualified financial contract" entered into thereunder.

    • 286. Single agreement

      For the purposes of this Part 7 (Financial Markets and Netting), a netting agreement and all qualified financial contracts entered into thereunder shall constitute a single agreement.

    • 287. Application of this Part

      This Part 7 (Financial Markets and Netting) applies to any qualified financial contract, netting agreement or collateral arrangement (including any title transfer collateral arrangement) which is governed by the laws of the Abu Dhabi Global Market or which is entered into by a person incorporated or licensed in the Abu Dhabi Global Market or organised under a law of the Abu Dhabi Global Market, irrespective of the date on which such qualified financial contract, netting agreement or collateral arrangement was entered into.