Netting Provisions. CFD: Where you give an order to enter into a purchase Transaction (a ‘Long Position’) whilst already maintaining an open position in a selling Transaction (a ‘Short Position’) in the same Instrument, or vice versa then we will treat your instruction to open the new position as an instruction to close the existing position to the extent of the size of the new position. Orders will be netted off under this clause in the order in which they are placed. If the new position is greater in size than the existing position, then the existing position will be closed in full and a new Transaction will be opened in relation to the excess size of the new position. FX: Each FX Transaction entered into by the Customer with Velocity will immediately, upon acceptance by Velocity and at their discretion, be netted with all then existing FX Transactions between the Customer and Velocity for the same paired currencies having the same settlement or delivery date so as to constitute a single FX Transaction. Further, if more than one delivery of a particular currency is to be made between the Customer and Velocity pursuant to a foreign currency contract on any single delivery date, each party shall aggregate the amounts due by it and only the difference, if any, between these aggregate amounts shall be delivered by the party owing the larger amount to the other party.
Netting Provisions i. Netting by Novation. Each foreign currency transaction made between Customer and AM UK, AM AS or any of their Affiliates will immediately, upon its being entered into, be netted with all then existing foreign currency transactions between Customer and AM UK, AM AS and their Affiliates for the same currencies so as to constitute a single foreign currency transaction.
Netting Provisions. The central provisions of the Agreement which provide for close-out netting following an Event of Default are contained in Section 6 (Remedies).
Netting Provisions. If an Early Termination Date occurs, amounts determined in respect of all Terminated Transactions shall be aggregated with and netted against one another in performing the calculations contemplated by Section 6(e). If the calculation of the amount payable pursuant to Section 6(e) in respect of an Early Termination Date would involve the aggregation or netting of amounts determined in respect of Transactions of different types, and under applicable law amounts determined in respect of one or more types of Transactions hereunder may not be aggregated with or netted against amounts determined in respect of one or more other types of Transactions in performing such calculation, then, notwithstanding the foregoing or any other provision of this Agreement, aggregation and netting will be performed within and between types of Transactions to the fullest extent permitted by law in performing such calculation, and the set-off provisions of this Agreement and applicable law shall be applied to the resulting amount or amounts.
Netting Provisions. If an Early Termination Date is designated, amounts determined in respect of all Terminated Transactions shall, to the fullest extent permitted by law, be aggregated with and netted against one another in performing the calculations contemplated by Section 6(e) of this Agreement. Any Terminated Transaction(s) that cannot be so aggregated and netted pursuant to the application of the previous sentence shall be aggregated and netted amongst themselves to the fullest extent permitted by law. Any Terminated Transactions that cannot be so aggregated and netted amongst themselves shall instead be (and is hereby agreed always to have been) governed by, and subject to, (i) the terms and conditions set out in any relevant agreement otherwise superseded by this Agreement as referred to in Part 5(l)(a) of this Schedule or (ii) if no such agreement exists, the terms and conditions set out in the relevant Confirmation(s) with respect to such Transaction(s).
Netting Provisions. 4.1 The central provisions of the GMRA which provide for set off following an Event of Default are contained in paragraph 10 (Event of Default) of the Agreement, and in particular sub-paragraphs (b) to (d) of GMRA 1995 and sub-paragraphs (b) to (f) of GMRA 2000.
Netting Provisions. 3.1 In respect of the GMRA, we refer you to Appendix 1 Part III of this Opinion.
Netting Provisions. APPENDIX 1 PART III
Netting Provisions. Each and every OTC FX contract entered into by Customer with KGIL will immediately, upon acceptance by KGIL and at their discretion, be netted with all then existing OTC FX contracts between Customer and KGIL for the same paired currencies having the same delivery date so as to constitute a single OTC FX contract. Further, if more than one delivery of a particular currency is to be made between Customer and KGIL pursuant to a foreign currency contract on any single delivery date, each party shall aggregate the amounts due by it and only the difference, if any, between these aggregate amounts shall be delivered by the party owing the larger amount to the other party
Netting Provisions. Each and every OTC FX contract entered into by the Customer with VTI will immediately, upon acceptance by VTI and at their discretion, be netted with all then existing OTC FX contracts between the Customer and VTI for the same paired currencies having the same delivery date so as to constitute a single OTC FX contract. Further, if more than one delivery of a particular currency is to be made between the Customer and VTI pursuant to a foreign currency contract on any single delivery date, each party shall aggregate the amounts due by it and only the difference, if any, between these aggregate amounts shall be delivered by the party owing the larger amount to the other party.
