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Netting of Payments - ISDA Provision: Difference between revisions
Netting of Payments - ISDA Provision (view source)
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{{ | {{isdaanat|2(c)}} | ||
===[[Settlement netting]]=== | ===[[Settlement netting]]=== | ||
Note this section refers only to settlement {{tag|netting}} — the operational settlement of offsetting payments due on any day under the normal operation of the Agreement —- and not the more drastic [[close-out netting]], which is the {{isdaprov|Early Termination}} of all {{isdaprov|Transactions}} under Section {{isdaprov|6}}. | Note this section refers only to settlement {{tag|netting}} — the operational settlement of offsetting payments due on any day under the normal operation of the Agreement —- and not the more drastic [[close-out netting]], which is the {{isdaprov|Early Termination}} of all {{isdaprov|Transactions}} under Section {{isdaprov|6}}. | ||