An oxalamidine 10a was used as precursor for the synthesis of 2-chloro-1,3,2-diazaphospholidine-4,5-diimine 7a. Both products were characterized by single-crystal X-ray diffraction studies which revealed for 7a the presence of an unusually short P-Cl bond distance. In contrast to other known 2-chloro-1,3,2-diazaphospholidines, 7a fails to react with gallium trichloride, trimethylsilyl trilate, or silver triflate via heterolytic P-Cl bond fission and formation of an N-heterocyclic phosphenium ion. A computational study suggests that this unusual behavior is due to the fact that the exocyclic imino-groups stabilize the P-Cl bond in 7a by diminishing the hyperconjugation between the lone-pairs of the ring nitrogen atoms and the σ*(P-Cl) orbital and destabilize at the same time the hypothetical phosphenium cation.