Multilateral Netting definition

Multilateral Netting means an agreement among three or more members to net their obligations through a process of novation or otherwise by Clearing Corporation.

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Multilateral Netting means an arrangement among three or more parties to net their obligations;

Multilateral Netting means an arrangement among all parties in a system to net their obligations;

Examples of Multilateral Netting in a sentence

• The payment date is set forth in the Line Item Detail of this contract, or if not stated, shall be the date established by Buyer’s Multilateral Netting System (MNS-2), which provides, on average, that payment shall be made on the second day of the second month following, in the case of the Buyer’s North American facilities, Seller’s shipment date of goods or date of services, and, for all of Buyer’s other locations, Buyer’s receipt date of the goods or date of services.

• CrossWorlds shall invoice Customer for such fees with the sum due payable in accordance with Customer's Multilateral Netting System ("MNS-2") by the second month, second day.

• All invoices are due and payable in accordance with Customer's Multilateral Netting System ("MNS-2") on the second month, second day from the date of invoice.

• Cross-Margining or Other Loss Sharing Arrangements of FICC: Agreement With or Without Priority Over this Agreement After Guaranty Payment is Made DTC/FICC/NSCC/OCC Multilateral Netting Contract and Limited Cross Guaranty Agreement dated January 1, 2003.

• For purposes of this Agreement MNS2 shall mean GM's Multilateral Netting System, which provides, on average, that payment shall be made on the second day of the second month following, in the case of GM's North American facilities, the shipment date of the goods or date of services, and for all of GM's other locations, the receipt date of the goods or date of services.

• The payment date is set forth in the Line Item Detail of this contract, or if not stated, shall be the date established by Buyer’s Multilateral Netting System (MNS-2), which provides, on average, that payment shall be made on the second day of the second month following, in the case of the Buyer’s North American facilities, Seller’s shipment/invoice date of goods or date of services, and, for all of Buyer’s other locations, Buyer’s receipt date of the goods or date of services.

• Invoices shall be submitted by Seller in accordance with the Statement of Requirements, following provision of Services, and will be paid by Buyer on the date established by Buyer’s Multilateral Netting System (MNS-2), which provides, on average, that payment shall be made on the second day of the second month following the date of Buyer's receipt of the Services.

• All other invoices received during a month will be paid in accordance with GM's Multilateral Netting System (MNS-2) which provides, on average, that payment shall be made on the 2nd day of the 2nd month.

• The payment date is set forth in the Line Item Detail of the purchase order, or if not stated, shall be the date established by Buyer's Multilateral Netting System (MNS-2), which provides, on average, that payment shall be made on the second day of the second month following, ▇▇▇▇▇'s receipt date of goods or date of services.

More Definitions of Multilateral Netting

Multilateral Netting means an agreement among three or more members to net their obligations. For the purposes of this agreement, multilateral netting is

Multilateral Netting means the , the conduct of a multilateral netting process with respect to all sums owed to all relevant Participating FIs so as to minimize the amount of each payment and the number of payments.

Multilateral Netting means an arrangement among three or more parties to net th “obligation” means a duty imposed by contract or law. Such an obligation may aris

Multilateral Netting means an arrangement among 3 or more parties to net their obligations which obligations are covered by an arrangement that may arise from financial contracts, transfers or both.

Multilateral Netting means a netting arrangement that has more than two parties;