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Settlement netting: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "In the context of an {{isdama}} is the ability, vouchsaved in Section {{isdaprov|2(c)}} of the {{isdama}}, to offset cashflows due between parties to the agreement on the same...") |
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===Caution=== | ===Caution=== | ||
Settlement netting should not be, but routinely is, confused with the much more drastic {{tag| | Settlement netting should not be, but routinely is, confused with the much more drastic close-out {{tag|netting}}, which is the termination of all extant transactions and the calculation of a single net {{isdaprov|Early Termination Amount}} under section {{isdaprov|6(e)}} of the {{isdama}}, which is something that only happens in the unhappy situation that one or other party has terminated following an {{isdaprov|Event of Default}} under Section {{isdaprov|5(a)}} or a {{isdaprov|Termination Event}} under Section {{isdaprov|5(b)}}. | ||
{{isdaanatomy}} | {{isdaanatomy}} | ||