Template:Nutshell 2002 ISDA 2(c): Difference between revisions

Template:Nutshell 2002 ISDA 2(c) (view source)

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-{{isdaprov|2(c)}} '''{{isdaprov|Netting of Payments}}'''. If on any date amounts would otherwise be payable by each party to the other
+{{ISDA clausehead|2(c)|}}. If on any date amounts would otherwise be payable by each party to the other
 :(i) in the same currency; and
 :(ii) under the same Transaction,
-then those obligations will be satisfied and replaced by an obligation on the party owing the larger amount to pay the difference. <br>
+then those obligations will be satisfied and replaced by an obligation on the party owing the larger amount to pay the difference. 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).
-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>