Template:M comp disc 2002 ISDA 2(c): Difference between revisions

From The Jolly Contrarian
Jump to navigation Jump to search
VisualWikitext
Created page with "===Settlement netting, not close-out netting=== Section 2(c) is about “settlement” or “payment” {{tag|netting}} — that is, the operational settlement of offs..."
Tags: Mobile edit Mobile web edit
 
Replaced content with "{{isda 2(c) comp|isdaprov}}"
Tag: Replaced
 
(2 intermediate revisions by the same user not shown)
Line 1: Line 1:
===[[Settlement netting]], not [[close-out netting]]===
{{isda 2(c) comp|isdaprov}}
Section 2(c) is about “settlement” or “payment” {{tag|netting}} — that is, the operational settlement of offsetting payments due on any day under the normal operation of the Agreement — and not the more drastic [[close-out netting]], which is the {{isdaprov|Early Termination}} of all {{isdaprov|Transactions}} under Section {{isdaprov|6}}.
 
If you want  close-out netting, see here:
* {{isdaprov|Single Agreement}}
* {{isdaprov|Early Termination Amount}}

Latest revision as of 10:04, 24 December 2023

The 2002 ISDA introduces the concept of Multiple Transaction Payment Netting, thereby correcting a curiously backward way of applying settlement netting.

Retrieved from "https://jollycontrarian.com/index.php?title=Template:M_comp_disc_2002_ISDA_2(c)&oldid=81177"