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| ===[[Settlement netting]], not [[close-out netting]]===
| | {{isda 2(c) comp|isdaprov}} |
| 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}}.
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| If you want '''[[close-out netting]]''', see here:
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| * {{isdaprov|Single Agreement}}
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| * {{isdaprov|Early Termination Amount}}
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