ONTOLOGY EXPLORER
novation netting provision
<https://spec.edmcouncil.org/fibo/ontology/FND/Agreements/Contracts/NovationNettingProvision>
プロパティと値
| プロパティ | 値 |
|---|---|
| type | Class |
| label | "novation netting provision"@en |
| subClassOf | NettingProvision |
| definition | "contractual element that specifies what should be done with respect to netting when a given contract is replaced with another"@en |
| explanatoryNote | "Novation netting contemplates that for each value date and for each currency, the parties agree that all existing contracts will be canceled (discharged and extinguished) and simultaneously replaced by a new contract that aggregates and nets all of the payment obligations of the original contracts. Novation netting occurs immediately when a nettable transaction is entered into." |