Multilateral Netting definition

Multilateral Netting means an agreement among three or more members to net their obligations through a process of novation or otherwise by Clearing Corporation.
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Multilateral Netting means an arrangement among three or more parties to net their obligations;
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Multilateral Netting means an arrangement among all parties in a system to net their obligations;
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Examples of Multilateral Netting in a sentence

  • Rule 3: Continuous Net Settlement Rule 3.1 Daily Multilateral Netting CCCS operates under continuous net settlement system and as such daily multilateral netting occurs upon receipt of the Trades from the Exchange.

  • If no payment term appears on the Order, the RFQ Documents, or in a Prior Agreement, Buyer will pay Seller for the Supplies on the date established by Buyer's Multilateral Netting System (MNS2) which provides, on average, that payment shall be made Net 60 of Buyer's receipt of Supplies at Buyer's designated facility or, in the case of services, Buyer's receipt of Seller's invoice following completion of the services.

  • The payment date is set forth in the Line Item Detail of this contract, or if not stated, shall be the date established by Buyer’s Multilateral Netting System (MNS-2), which provides, on average, that payment shall be made on the second day of the second month following, in the case of the Buyer’s North American facilities, Seller’s shipment date of goods or date of services, and, for all of Buyer’s other locations, Buyer’s receipt date of the goods or date of services.

  • REPSS is a Multilateral Netting System with end-of-day settlement in a single currency that provides a single gateway for Central Banks within the region to effect payment in a multi-currency environment.

  • All invoices are due and payable in accordance with Customer's Multilateral Netting System ("MNS-2") on the second month, second day from the date of invoice.

  • Cross-Margining or Other Loss Sharing Arrangements of FICC: Agreement With or Without Priority Over this Agreement After Guaranty Payment is Made DTC/FICC/NSCC/OCC Multilateral Netting Contract and Limited Cross Guaranty Agreement dated January 1, 2003.

  • If no payment term appears on the Order, the RFQ Documents, or in a Prior Agreement, Buyer will pay Seller for the Supplies on the date established by Buyer's Multilateral Netting System (MNS2) which provides, on average, that payment shall be made on the second day of the second month following Buyer's receipt of Supplies at Buyer's designated facility or, in the case of services, Buyer's receipt of Seller's invoice following completion of the services.

  • By submitting an Adherence Letter, each Adhering Party acknowledges and agrees that the termination of transactions and the Multilateral Netting arrangement conducted in accordance with the Unwind Guidelines shall become effective and binding on each Adhering Party which is a Participating FI with respect to the relevant Early Unwind.

  • Again, the results go in the same direction as those for the American market: being suspended lowers the probability that a good will feature prominently within firms’ export basket to non-US markets.

  • We then use these models to look at the clustering of HI in real- and redshift space in Section 5, with separate focus on redshift space distortions to the clustering and baryon acoustic oscillations.


More Definitions of Multilateral Netting

Multilateral Netting means the , the conduct of a multilateral netting process with respect to all sums owed to all relevant Participating FIs so as to minimize the amount of each payment and the number of payments.
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Multilateral Netting means an arrangement among three or more parties to net th “obligation” means a duty imposed by contract or law. Such an obligation may aris
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Multilateral Netting means a netting arrangement that has more than two parties;
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Related to Multilateral Netting

  • Multilateral System means the Multilateral System established under Article 10.2 of the Treaty.

  • Cash Management System shall have the meaning assigned to such term in Section 9.01.

  • multilateral trading facility (MTF means a multilateral system in the Union within the meaning of Article 2(1)(6) of Regulation[MiFIR].

  • multilateral trading facility or ‘MTF’ means a multilateral system, operated by an investment firm or a market operator, which brings together multiple third-party buying and selling interests in financial instruments – in the system and in accordance with non-discretionary rules – in a way that results in a contract in accordance with Title II of this Directive;

  • Cash Management Systems has the meaning ascribed to it in Section 1.8.

  • Cash Management Services means any cash management or related services including treasury, depository, return items, overdraft, controlled disbursement, merchant store value cards, e-payables services, electronic funds transfer, interstate depository network, automatic clearing house transfer (including the Automated Clearing House processing of electronic funds transfers through the direct Federal Reserve Fedline system) and other cash management arrangements.

  • Interconnection Regulations means the Telecommunication (Broadcasting and Cable) Services Interconnection (Addressable Systems) Regulations, 2017, as amended from time to time;

  • netting means the conversion into one net claim or one net obligation of claims and obligations resulting from transfer orders which a participant or participants either issue to, or receive from, one or more other participants with the result that only a net claim can be demanded or a net obligation be owed;

  • Emergency procurement means an acquisition resulting from an emergency need.

  • EU Securitization Regulation means Regulation (EU) 2017/2402 of the European Parliament and of the Council of December 12, 2017.

  • Contracting Government means any Government which has deposited an instrument of ratification or has given notice of adherence to this Convention.

  • Cash Management Order means the Final Order (A) Authorizing the Debtors to (I) Continue Using Their Existing Cash Management System, (II) Maintain Existing Bank Accounts and Business Forms, and (III) Continue Using Certain Investment Accounts; (B) Authorizing Continued Intercompany Transactions and Netting of Intercompany Claims; and (C) Granting Postpetition Intercompany Claims Administrative Expense Priority [D.I. 801].

  • Cash Management Arrangements means all cash management arrangements pursuant to which Honeywell or its Subsidiaries automatically or manually sweep cash from, or automatically or manually transfer cash to, accounts of SpinCo or any member of the SpinCo Group.

  • Rate Hedging Obligations of a Person means any and all obligations of such Person, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor), under (i) any and all agreements, devices or arrangements designed to protect at least one of the parties thereto from the fluctuations of interest rates, exchange rates or forward rates applicable to such party's assets, liabilities or exchange transactions, including, but not limited to, dollar-denominated or cross-currency interest rate exchange agreements, forward currency exchange agreements, interest rate cap or collar protection agreements, forward rate currency or interest rate options, puts and warrants, and (ii) any and all cancellations, buy backs, reversals, terminations or assignments of any of the foregoing.

  • Service and support administrator means a person, regardless of title, employed by or under contract with a county board to perform the functions of service and support administration and who holds the appropriate certification in accordance with rule 5123:2-5-02 of the Administrative Code.

  • SEBI ICDR Regulations means Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended;

  • Cash Management Agreements means any agreement providing for treasury, depository, purchasing card or cash management services, including in connection with any automated clearing house transfer of funds or any similar transaction.

  • Electronic Funds Transfer (EFT) indicator means a four-character suffix to the unique entity identifier. The suffix is assigned at the discretion of the commercial, nonprofit, or Government entity to establish additional System for Award Management records for identifying alternative EFT accounts (see subpart 32.11) for the same entity.

  • Foreign terrorist organization means an organization designated as a foreign terrorist organization by the United States secretary of state as authorized by 8 U.S.C. Section 1189.

  • Cash Management Document means any certificate, agreement or other document executed by any Loan Party in respect of the Cash Management Obligations of any Loan Party.

  • Cash Management Agreement means any agreement to provide cash management services, including treasury, depository, overdraft, credit or debit card, electronic funds transfer and other cash management arrangements.

  • SEBI LODR Regulations means the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended from time to time.

  • Council of governments means a decision-making body in each county composed of membership including the county governing body and the mayors of each municipality in the county.

  • Eligible Financial Institution means, as of the date of any assignment as contemplated in Section 8.07(a)(i), a commercial bank or financial institution (i) with a credit rating on its long-term senior unsecured debt of either (a) “AA-” or better from S&P or (b) “Aa3” or better from Xxxxx’x; and (ii) having shareholders' equity of not less than $5,000,000,000.

  • your financial institution means the financial institution nominated by you on the DDR at which the account is maintained.

  • Energy Management System means a set of interrelated or interacting elements of a plan which sets an energy efficiency objective and a strategy to achieve that objective;