Settlement Netting Offices. Each of the following shall be a Settlement Netting Office: Party A: Same as Part II. Party B: Same as Part II. Party A and Party B agree that, notwithstanding Section 6.2 of the Agreement, obligations to make payments pursuant to FX Transactions shall only be netted, satisfied and discharged against obligations to make payments arising out of the same or other FX Transactions between a pair of Settlement Netting Offices.
Appears in 5 contracts
Samples: Master Agreement (Morgan Stanley Spectrum Technical Lp), Master Agreement (Morgan Stanley Spectrum Strategic Lp), Master Agreement (Morgan Stanley Charter Campbell Lp)
