Title 12 — Banks and BankingRelease 119-73not60
§4406 Relationship to Other Payments Systems
Title 12 › Chapter 45— PAYMENT SYSTEM RISK REDUCTION › Subchapter I— BILATERAL AND CLEARING ORGANIZATION NETTING › § 4406
Summary
Does not change validity of netting arrangements not covered here.
Full Legal Text
Title 12, §4406
Banks and Banking — Source: USLM XML via OLRC
This chapter shall have no effect by implication or otherwise on the validity or legal enforceability of a netting arrangement of any payment system which is not subject to this chapter.
Reference
Citations & Metadata
Citation
12 U.S.C. § 4406
Title 12 — Banks and Banking
Last Updated
Apr 3, 2026
Release point: 119-73not60