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Template:Nutshell 2002 ISDA 2(c): Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "{{isdaprov|2(c)}} '''{{isdaprov|Netting of Payments}}'''. If on any date amounts would otherwise be payable by each party to the other :(i) in the same currency; and :(ii) un...") |
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:(i) in the same currency; and | :(i) in the same currency; and | ||
:(ii) under the same Transaction, | :(ii) under the same Transaction, | ||
then those obligations will be | then those obligations will be satisfied and replaced by an obligation on the party owing the larger amount to pay the difference. <br> | ||
The parties may net payments across multiple specified {{isdaprov|Transactions}} by | The parties may net payments across multiple specified {{isdaprov|Transactions}} by applying “{{isdaprov|Multiple Transaction Payment Netting}}” (and clause {{isdaprov|2(c)(ii)}} will therefore not apply). <br> | ||
{{isdaprov|Multiple Transaction Payment Netting}} arrangements may apply to different groups of {{isdaprov|Transaction}}s, will apply separately to each pairing of specified {{isdaprov|Offices}} and will take effect as agreed between the parties.<br> | |||