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English to Polish translations [PRO] Bus/Financial - Accounting / derivatives
English term or phrase:payment provisions
Accounting standard SFAS 133 defines a derivative thus:
A derivative instrument is a financial instrument or other contract with all three of the following characteristics:
a . It has (1) one or more underlyings, and (2) one or more notional amounts or payment provisions or both. Those terms determine the amount of the settlement or settlements... and in some cases, whether or not a settlement is required.
A payment provision detemines a fixed or determinable settlement to be made if the underlying behaves in a specified manner (underlying: instrument bazowy np. stopa procentowa, etc.)
b. It requires no initial net investment or an initial net investment that is smaller than would be required for other types of contracts that would be expected to have a similar response to changes in market factors.