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🔗 Back to Summary. 🇫🇷 French Version: 2018R1229_FR.35. Back to Summary of LVL1. Open the PDF. Direct link to EUR-LEX.
Article 34 – Payment of the costs of the buy-in ⬅️ | ➡️ Article 36 – Extension periods
Références LVL1 <=> LVL2
Level 1 reference(s): 2014R0909_EN.5 > 1
Article 35 - Payment of the price difference
1.
Where the price of financial instruments referred to in 2014 agreed at the time of the trade is lower than the price effectively paid for those financial instruments pursuant to Articles 27(10), 29(10), and 31(10), the failing clearing members, failing trading venue members or failing trading parties shall pay the price difference to the CCP, receiving trading venue members or receiving trading parties, as applicable.
Where transactions are cleared by a CCP, the price difference referred to in the first subparagraph shall be collected from failing clearing members by the CCP and paid to the receiving clearing members.
2.
Where the price of the shares agreed at the time of the trade is higher than the price effectively paid for those shares pursuant to Article 27(10), Article 29(10) and Article 31(10), the corresponding difference referred to in 2014 shall be deemed paid.