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{{Short description|Legally enforceable arrangement}}
{{other uses|Bilateral (disambiguation)}}
'''Bilateral netting''' in [[finance]] and [[investment]]s is a legally enforceable arrangement between a [[bank]] and a [[counterparty]] that creates a single legal obligation covering all included individual [[contract]]s. This means that a bank’s obligation, in the event of the default or [[insolvency]] of one of the parties, would be the net sum of all positive and negative fair values of contracts included in the bilateral netting arrangement.<ref>{{cite book |url=https://books.google.com/books?id=8JEZRJSgQhkC&pg=PA134 |page=134 |title=International Capital Markets; Developments, Prospects, and Key Policy Issues |year=1996▼
|author1=Takatoshi Itō |author2=David Fokke Ihno Folkerts-Landau |author3=Marcel Cassard |publisher=[[International Monetary Fund]]|isbn=9781557756091 }}</ref><ref>{{cite book |url=https://books.google.com/books?id=F5KDO4Xwd68C&pg=PA72 |pages=72–106 |title=Current Legal Issues Affecting Central Banks, Volume V
|author=[[International Monetary Fund]] |year=1992 |publisher=International Monetary Fund |isbn=9781557756954 |editor=Robert C. Effros}}</ref><ref>{{cite book |url=https://books.google.com/books?id=3nMoLmqssB0C&pg=PA46 |page=46 |title=Payments, Clearance, and Settlement; A Guide to the Systems, Risks, and Issues |author1=Nolani T. Traylor |author2=Tamara E. Cross |author3=Nancy Eibeck Robert Pollard |author4=Tamara E. Cross |author5=Nancy Eibeck, Robert Pollard |year=1997 |publisher=[[United States General Accounting Office]] |isbn=9780788148422}}</ref><ref>{{cite book |url=https://books.google.com/books?id=QJIvCgAAQBAJ&pg=PA345 |page=345 |title=Handbook of Fixed-Income Securities |year=2016 |isbn=9781118709191 |publisher=[[Wiley (publisher)|Wiley]] |editor=Pietro Veronesi}}</ref>
==See also==
▲'''Bilateral netting''' in [[finance]] and [[investment]]s is a legally enforceable arrangement between a [[bank]] and a [[counterparty]] that creates a single legal obligation covering all included individual [[contract]]s. This means that a bank’s obligation, in the event of the default or [[insolvency]] of one of the parties, would be the net sum of all positive and negative fair values of contracts included in the bilateral netting arrangement.
* [[Set-off (law)]]
==References==
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