ONTOLOGY EXPLORER
foreign exchange settlement netting provision
<https://spec.edmcouncil.org/fibo/ontology/DER/DerivativesContracts/CurrencyContracts/ForeignExchangeSettlementNettingProvision>
プロパティと値
| プロパティ | 値 |
|---|---|
| type | Class |
| label | "foreign exchange settlement netting provision"@en |
| seeAlso | guidefx.pdf |
| subClassOf | SettlementNettingProvision |
| definition | "settlement netting provision that is specific to foreign exchange contracts"@en |
| explanatoryNote | "Foreign exchange settlement netting, if between two counterparties, which is also referred to as bilateral settlement netting in this case, can take one of two forms, payment netting or novation netting. Often, one of these two methods will be found in combination with close-out netting in master agreements between trading counterparties. Close-out netting, as distinct from payment or novation netting, provides for contract liquidation procedures in the event that one of the parties defaults under a contract or become bankrupt. Payment and novation netting describe the day-to-day processes of calculating and paying net amounts."@en |
| synonym | "FX settlement netting provision" |