Netting of Payments - ISDA Provision: Difference between revisions

Note this section refers only to {{tag|settlement netting}} - the settlement of offsetting payments due on any day under the normal operation is the Agreement - and not the more drastic {{tag|close-out netting}} - which is the {{isdaprov|Early Termination}} of all Transactions under Section {{isdaprov|6}} and the summing of positive and negative MTMs to arrive at a settlement amount following the occurrence of an {{isdaprov|Event of Default}} or an {{isdaprov|Early Termination Event}}.