---
kind: "unit"
title: "12"
title_heading: "Banks and Banking"
key: "ch45/schI"
level: "subchapter"
label: "Subchapter I"
heading: "Bilateral and Clearing Organization Netting"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/ch45-schI"
sections_count: 8
---

# Subchapter I — Bilateral and Clearing Organization Netting

Title 12 — Banks and Banking › Chapter 45 — Payment System Risk Reduction

## Sections

- [§4401. Findings and purpose](/usc/12/4401.md)
- [§4402. Definitions](/usc/12/4402.md)
- [§4403. Bilateral netting](/usc/12/4403.md)
- [§4404. Clearing organization netting](/usc/12/4404.md)
- [§4405. Preemption](/usc/12/4405.md)
- [§4406. Relationship to other payments systems](/usc/12/4406.md)
- [§4406a. Treatment of contracts with uninsured national banks, uninsured Federal branches and agencies, certain uninsured State member banks, and Edge Act corporations](/usc/12/4406a.md)
- [§4407. National emergencies](/usc/12/4407.md)