Netting of Payments - ISDA Provision: Difference between revisions

Netting of Payments - ISDA Provision (view source)

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 ===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}}'''").
 That is partly why, in the {{2002ma}} they introduced the more intuitive {{isdaprov|Multiple Transaction Payment Netting}} concept. So now you can say "Multiple Transaction Payment Netting does (or does not) apply".