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Template:Isda 2(c) comp: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "Section {{{{{1}}}|2(c)}} is about “settlement” or “payment” 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 {{{{{1}}}|Early Termination}} of all {{{{{1}}}|Transactions}} under Section {{{{{1}}}|6}}. If you want to know more about '''close-out netting''', see {{{{{1}}}|Single Agreement}} and {{{{{1}}}|Early Te...") |
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The {{2002ma}} introduces the concept of {{isdaprov|Multiple Transaction Payment Netting}}, thereby correcting a curiously backward way of applying settlement netting. | |||