Multilateral Clearing Organization Law and Legal Definition
According to 12 USCS § 4421 (1), the term multilateral clearing organization means “a system utilized by more than 2 participants in which the bilateral credit exposures of participants arising from the transactions cleared are effectively eliminated and replaced by a system of guarantees, insurance, or mutualized risk of loss.”
Legal Definition list
- Multilateral approval [Hazardous Materials Regulations]
- Multilateral Agreement on Commercial Rights of Non-Scheduled Air Services Among the Association of South East Asian Nations
- Multijurisdictional Practice
- Multihandicapped
- Multifarious Issue
- Multilateral Clearing Organization
- Multilateral Development Bank
- Multilateral Treaty
- Multilevel Facilities [Healthcare]
- Multilevel Marketing
- Multimedia Law
