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Template:M comp disc 2002 ISDA 2(c): Difference between revisions
→Settlement netting, not close-out netting
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Section {{isdaprov|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 {{isdaprov|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}}. | ||
If you want '''[[close-out netting]]''', see | If you want to know more about '''[[close-out netting]]''', see {{isdaprov|Single Agreement}} and {{isdaprov|Early Termination Amount}}. | ||