nettingˈnɛt ɪŋ
net (v)
- present
- nets
- past
- netted
- past participle
- netted
- present participle
- netting
netting (n)
- plural
- nettings
English Definitions:
gauze, netting, veiling (noun)
a net of transparent fabric with a loose open weave
netting (noun)
creating nets
netting (Noun)
Something that acts as, or looks like, a net.
Netting
In general, netting means to allow a positive value and a negative value to set-off and partially or entirely cancel each other out. In the context of credit risk, there are at least three specific types of netting: ⁕Close-out netting: In the counterparty bankruptcy or any other relevant event of default specified in the relevant agreement if accelerated, all transactions or all of a given type are netted at market value or, if otherwise specified in the contract or if it is not possible to obtain a market value, at an amount equal to the loss suffered by the non-defaulting party in replacing the relevant contract. The alternative would allow the liquidator to choose which contracts to enforce and which not to. There are international jurisdictions where the enforceability of netting in bankruptcy has not been legally tested. ⁕Netting by novation: The legal obligations of the parties to make required payments under one or more series of related transactions are canceled and a new obligation to make only the net payments is created. ⁕Settlement or payment netting: For cash settled trades, this can be applied either bilaterally or multilaterally and on related or unrelated transactions.
netting
In law, set-off or netting are legal techniques applied between persons or businesses with mutual rights and liabilities, replacing gross positions with net positions. It permits the rights to be used to discharge the liabilities where cross claims exist between a plaintiff and a respondent, the result being that the gross claims of mutual debt produce a single net claim. The net claim is known as a net position. In other words, a set-off is the right of a debtor to balance mutual debts with a creditor. Any balance remaining due either of the parties is still owed, but the mutual debts have been set off. The power of net positions lies in reducing credit exposure, and also offers regulatory capital requirement and settlement advantages, which contribute to market stability.
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"netting." Kamus.net. STANDS4 LLC, 2024. Web. 19 Mar. 2024. <https://www.kamus.net/english/netting>.
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