---
kind: "section"
citation: "12 U.S.C. § 4406"
title: "12"
title_heading: "Banks and Banking"
number: "4406"
heading: "Relationship to other payments systems"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/4406"
units:
  - "Chapter 45 — Payment System Risk Reduction"
  - "Subchapter I — Bilateral and Clearing Organization Netting"
---

# §4406. Relationship to other payments systems


This chapter shall have no effect by implication or otherwise on the validity or legal enforceability of a netting arrangement of any [payment](/usc/12/4402.md?p=15) system which is not subject to this chapter.


## Source credit

(Pub. L. 102–242, title IV, § 406, Dec. 19, 1991, 105 Stat. 2375.)