What changes are made concerning payment netting?
Without the amending language proposed, the current wording of Section 2(c) of the ISDA Master Agreement is expected to require netting of payments in participating currency units which were not the same currency prior to the introduction of the Euro. As the market consensus is that back offices will not be ready for such payment netting between participating currency units, the amendment overrides payment netting in this limited case.
Related Questions
- Does the legislation expand the role of government into the practice of medicine with respect to implementing payment changes, determining quality and dictating standards of care?
- My son/daughter has Power of Attorney. Can he/she make pay-related changes, such as change of payment address, for me?
- Minimum Payment changes – what does it mean?
