Template:Isda 2(c) summ: Difference between revisions
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Section {{ | Section {{{{{1}}}|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 {{{{{1}}}|Early Termination}} of all {{{{{1}}}|Transactions}} under Section {{{{{1}}}|6}}. | ||
If you want to know more about | If you want to know more about [[close-out netting]], see {{{{{1}}}|Single Agreement}} and {{{{{1}}}|Early Termination Amount}}. | ||
Revision as of 17:53, 23 December 2023
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 Termination Amount}}.