Schedule 11: Central counterparties Part 5 – Special resolution action Suspension of obligations
Paragraph 97 provides that the Bank may suspend obligations to make a payment or delivery under a contract, if one of the parties is a CCP for which the Bank is exercising a stabilisation power.
	Sub-paragraph (2) provides that a suspension does not apply to payments of eligible claims or payments or deliveries to excluded persons.
	This power must be exercised through a share transfer instrument, property transfer instrument, resolution instrument or third-country instrument (sub-paragraph 5)), and sub-paragraphs (3) and (4) outline when the suspension may begin and end, and clarify the extent of the suspension and when payment or delivery under a contract will be due in certain circumstances.
	Sub-paragraph (6) outlines that the Bank must have regard to the impact of a suspension on the functioning on financial markets.