Derivatives · glossary
Setting the amounts due on one date, in one currency, against each other, so only the difference is paid. On the first payment date, Atlas's €187,500 and the bank's €250,000 became one payment of €62,500 to Atlas. With one payment, neither side risks more than the difference. Clause 2.3 · Chapter 7
Explained in Chapter 7, Payments, Netting and the Calendar, of Derivatives.
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