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

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.

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-===[[Settlement netting]], not [[close-out netting]]===
+{{isda 2(c) comp|isdaprov}}
-Section {{isdaprov|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}}