Netting by novation: Difference between revisions
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Amounts due under a discharged contract will be added to running balances due between the parties, in each currency and at each future value date. | Amounts due under a discharged contract will be added to running balances due between the parties, in each currency and at each future value date. | ||
== See also == | == See also == | ||
* [[Netting]] | * [[Netting]] | ||
* [[Novation]] | * [[Novation]] | ||
Revision as of 11:02, 22 June 2016
Netting by novation agreements allow for individual forward-value contractual commitments, such as foreign exchange contracts, to be discharged upon confirmation and replaced by new obligations, all of which form part of a single agreement.
Amounts due under a discharged contract will be added to running balances due between the parties, in each currency and at each future value date.
