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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)}} | {{isdaanat|2(c)}} | ||
{{ISDA transaction and collateral flows}} | |||
===[[Settlement netting]], not [[close-out netting]]=== | ===[[Settlement netting]], not [[close-out netting]]=== | ||
Section 2(c) is about “settlement” or “payment” {{tag|netting}} — that is, 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}}. | Section 2(c) is about “settlement” or “payment” {{tag|netting}} — that is, 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}}. | ||