Common use of Payment Netting Clause in Contracts

Payment Netting. If on any Currency Settlement Date more than one delivery of a particular currency is to be made between the Client and the same Xxxxxx Xxxxxxx Company in respect of a FX Transaction, then each such party will aggregate the amounts of such currency deliverable by it and only the difference between those aggregate amounts will be delivered, by the party owing the larger aggregate amount to the other party, and, if the aggregate amounts are equal, no delivery of that currency will be made.

Payment Netting. If on any Currency Settlement Date date, more than one delivery of a particular currency is to be made between the Client and the same Xxxxxx Xxxxxxx Company in respect a pair of a FX TransactionPayment Netting Offices, then each such party will shall aggregate the amounts of such currency deliverable by it and only the difference between those these aggregate amounts will shall be delivered, delivered by the party owing the larger aggregate amount to the other party, and, if the aggregate amounts are equal, no delivery of that the currency will shall be made.