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

  • 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.

  • 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.

  • 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.

  • CrossWorlds shall invoice Customer for such fees with the sum due payable in accordance with Customer's Multilateral Netting System ("MNS-2") by the second month, second day.

  • 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.

  • 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.

  • 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.

  • According to the accident prevention regulation “Occupational Physicians and occupational safety specialists” (DGUV Regulation 2) Occupational Physicians and OSH Professionals are to be appointed in writing for the company.

  • Revenues from the Multilateral Netting Facility enabled cancellation of the 4th quarter 1994 Directors’ assess- ment.


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 a netting arrangement that has more than two parties;
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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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Related to Multilateral Netting

  • 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;

  • 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;

  • 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.

  • 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.

  • EU Bail-In Legislation Schedule means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time.