Derivatives · glossary
Sums due on or before the Early Termination Date and not paid. They go into the close-out sum beside the Close-out Amount. A payment due later is already inside the Close-out Amount, so the bank's claim for the next quarter was withdrawn. Definition: Unpaid Amounts · Chapter 12
Explained in Chapter 12, Close-out: the Number, of Derivatives.
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in relation to the Terminated Transactions, the amounts that became payable under them on or before the Early Termination Date and remain unpaid, together with interest from and including the date each became payable; no amount whose payment date falls after the Early Termination Date is an Unpaid Amount.Read the definition in the document →
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