Derivatives · glossary
The rule that a payer who must withhold tax pays extra, so the payee receives the full amount. It does not apply where the tax comes from the payee's own link with the taxing country or from its untrue tax statement. Nothing was withheld on this file. Clause 2.5 · Chapter 7
Explained in Chapter 7, Payments, Netting and the Calendar, of Derivatives.
The main page for this term is Gross-up, in Debt Capital Markets.
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