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Close-out netting: Difference between revisions
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''Be careful to distinguish between '''[[Settlement netting]]''' (also known as '''[[Payment netting]]''') - which is an operational convenience gladly applied during the life of a derivatives trading relationship, and [[Close-out netting]] which is applied, with a heavy heart, by a non-defaulting party under Section {{isdaprov|6}} of the {{isdama}} when things have turned to custard.'' | ''Be careful to distinguish between '''[[Settlement netting]]''' (also known as '''[[Payment netting]]''') - which is an operational convenience gladly applied during the life of a derivatives trading relationship, and [[Close-out netting]] which is applied, with a heavy heart, by a non-defaulting party under Section {{isdaprov|6}} of the {{isdama}} when things have turned to custard.'' | ||
For a discussion of what "closing out" is and how it works in various types of Master Agreement, see: | |||
*{{isdaprov|Early Termination}} under the {{isdama}} | |||
*[[GMSLA Netting]] under the {{gmsla}} | |||
== Introduction == | == Introduction == | ||