Glossary entry (derived from question below)
English term or phrase:
net-by-cross product basis
French translation:
sur la base de la compensation entre les produits (dérivés)
Added to glossary by
juristrad
Aug 21, 2015 16:42
9 yrs ago
English term
net-by-cross product basis
English to French
Bus/Financial
Finance (general)
Derivatives are presented on a net-by counterparty basis when a legal right of offset exists, on a net-by-cross product basis when applicable provisions are stated in a master netting agreement; and/or on a net of cash collateral received or paid on a counterparty basis, provided a legal right of offset exists.
Merci d'avance pour votre aide :)
Merci d'avance pour votre aide :)
Proposed translations
(French)
4 | sur la base de la compensation entre les produits (dérivés) | Francois Boye |
Proposed translations
2 hrs
Selected
sur la base de la compensation entre les produits (dérivés)
Only the net value of traded derivatives results in money transfer.
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Note added at 2 hrs (2015-08-21 19:26:19 GMT)
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Netting[edit]
The Master Agreement allows parties to calculate their financial exposure under OTC transactions on a net basis, i.e. a party calculates the difference between what it owes to a counterparty under a Master Agreement and what the counterparty owes it under the same agreement.
These calculations are made on a mark-to-market basis to reflect the current position of each transaction.
The Master Agreement permits the netting of payments due under the same transaction so that only a single amount is exchanged between the parties, rather than numerous payments involving the same transactions. Most counterparties also agree to net all amounts due on a single day regardless of whether amounts are due under a single or multiple transactions.
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Note added at 2 hrs (2015-08-21 19:26:19 GMT)
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Netting[edit]
The Master Agreement allows parties to calculate their financial exposure under OTC transactions on a net basis, i.e. a party calculates the difference between what it owes to a counterparty under a Master Agreement and what the counterparty owes it under the same agreement.
These calculations are made on a mark-to-market basis to reflect the current position of each transaction.
The Master Agreement permits the netting of payments due under the same transaction so that only a single amount is exchanged between the parties, rather than numerous payments involving the same transactions. Most counterparties also agree to net all amounts due on a single day regardless of whether amounts are due under a single or multiple transactions.
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Comment: "Merci!!"
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