ONTOLOGY EXPLORER
close-out netting provision
<https://spec.edmcouncil.org/fibo/ontology/FND/Agreements/Contracts/CloseOutNettingProvision>
プロパティと値
| プロパティ | 値 |
|---|---|
| type | Class |
| label | "close-out netting provision"@en |
| subClassOf | NettingProvision |
| disjointWith | SettlementNettingProvision |
| definition | "netting provision that may be triggered when a counterparty defaults, leading to the termination of all outstanding transactions between the parties"@en |
| explanatoryNote | "In the case of close-out netting, the financial positions of the defaulting party are assessed to determine their worth, and total amounts owed are offset, resulting in a single net payment obligation." |
| synonym | "close out netting provision" |
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