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Close-out netting: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with " == Introduction == Netting is generally defined in financial terms as when we allow a positive value and a negative value to set-off one another, partially or entirely cance...") |
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''Be careful to distinguish between '''[[Settlement netting]]''' (also known as '''[[Payment netting]]''') - which is an operational convenience gladly applied during the life of a derivatives trading relationship, and [[Close-out netting]] which is applied, with a heavy heart, by a non-defaulting party under Section {{isdaprov|6}} of the {{isdama}} when things have turned to custard.'' | |||
== Introduction == | == Introduction == | ||