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Netting of Payments - ISDA Provision: Difference between revisions
Netting of Payments - ISDA Provision (view source)
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===Multiple Transaction Payment Netting=== | ===Multiple Transaction Payment Netting=== | ||
"{{isdaprov|Multiple Transaction Payment Netting}}" is a defined term introduced in the {{2002ma}} in place of the more clunky {{1992ma}} language set out in Section {{isdaprov|2(c)}}. | "'''{{isdaprov|Multiple Transaction Payment Netting}}" is a defined term introduced in the {{2002ma}} in place of the more clunky {{1992ma}} language set out in Section {{isdaprov|2(c)}}. | ||
In the {{1992ma}}, to specify that netting across transactions would apply, you must '''disapply''' Section {{isdaprov|2(c)(ii)}}. Counterintuitive, but true (because otherwise netting only applies "in respect of the same {{isdaprov|Transaction}}"). | In the {{1992ma}}, to specify that netting across transactions would apply, you must '''disapply''' Section {{isdaprov|2(c)(ii)}}. Counterintuitive, but true (because otherwise netting only applies "in respect of the same {{isdaprov|Transaction}}"). | ||