Article 11 Set-off and netting

(1)

This article applies where a partial property transfer has been made in contravention of—

(a)

article 3; or

(b)

article 4 to the extent that the contravention relates to set-off arrangements, netting arrangements or title transfer financial collateral arrangements,

unless the contravention relates to the exercise of the continuity powers (in which case, article 10 applies).

(2)

The partial property transfer does not affect the exercise of the right to set-off or net.