Template:Isda 2(c) comp: Difference between revisions

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Created page with "Section {{{{{1}}}|2(c)}} is about “settlement” or “payment” 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 {{{{{1}}}|Early Termination}} of all {{{{{1}}}|Transactions}} under Section {{{{{1}}}|6}}. If you want to know more about '''close-out netting''', see {{{{{1}}}|Single Agreement}} and {{{{{1}}}|Early Te..."
 
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Section {{{{{1}}}|2(c)}} is about “settlement” or “payment” [[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 {{{{{1}}}|Early Termination}} of all {{{{{1}}}|Transactions}} under Section {{{{{1}}}|6}}.
The {{2002ma}} introduces the concept of {{isdaprov|Multiple Transaction Payment Netting}}, thereby correcting a curiously backward way of applying settlement netting.
 
If you want to know more about '''[[close-out netting]]''', see {{{{{1}}}|Single Agreement}} and  {{{{{1}}}|Early Termination Amount}}.

Latest revision as of 12:56, 30 December 2023

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

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