Template:Isda 2(c) comp

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 Termination Amount}}.