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This arises where a customer has multiple bank accounts some of which are in debit and some in credit. It is also known as the [[combination of accounts]]. It is arguably available in any situation where one party has multiple accounts with another. | This arises where a customer has multiple bank accounts some of which are in debit and some in credit. It is also known as the [[combination of accounts]]. It is arguably available in any situation where one party has multiple accounts with another. | ||
Discussed in some | Discussed in some detail in {{cite|Fearns|Anglo-Dutch Paint and Chemical Company Limited|2010|EWHC|2366}}. | ||
The question arises as to whether it is available across multiple currencies. | The question arises as to whether it is available across multiple currencies. | ||
====Insolvency set-off==== | ====Insolvency set-off==== | ||
''You can’t contract out of [[insolvency set-off]] under {{t|English law}}.'' | |||
{{insolvency set-off capsule}} | |||
====Assignment and set-off==== | ====Assignment and set-off==== | ||
{{assignment and set off}} | {{assignment and set off}} | ||
{{sa}} | |||
{{ | |||
*For setting off of exposures under a master agreement versus other general exposures against the counterparty, see: | *For setting off of exposures under a master agreement versus other general exposures against the counterparty, see: | ||
**{{isdaprov|Set-off}} ({{isda}}) | **{{isdaprov|Set-off}} ({{isda}}) |