Derivatives · glossary
The day trades end early, named in a notice. From that day their payments stop and one net sum replaces them. The bank designated 1 December 2028 for the swap. Definition: Early Termination Date · Chapter 11 · Chapter 12
Explained in Chapter 11, The Refinancing, Termination Events and the Orphaned Swap, of Derivatives.
An Early Termination Date is the day the trades are ended early. Close-out netting then turns all of them into one sum, and that sum is the main reason every trade sits under one master agreement. When someone on the file says “netting”, ask which one they mean. Chapter 12 shows all three at work.Read Chapter 7, Payments, Netting and the Calendar →
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the date designated under clause 6.1 or clause 6.2 on which the Terminated Transactions fall to be terminated under clause 6.3;Read the definition in the document →
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