Polish translation: kompensacja (zobowiązań) wewnątrz grupy
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09:19 Jul 7, 2003
English to Polish translations [PRO] Bus/Financial
English term or phrase:netting
The purchase price for the Receivable is payable to the Seller by way of intra-group netting with value date 13/03/2003
Contractual offset of payables against receivables to reduce credit exposure to a counterparty. Netting swap payments in bankruptcy, for example, reduces credit exposure to the net obligation of a counterparty. Netting in bankruptcy or insolvency may not be enforceable in all jurisdictions, but the United States federal bankruptcy code and the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) are designed to permit netting among United States-based counterparties. Other sovereign jurisdictions are generally following this example to protect the ability of their financial intermediaries to compete in international markets. Also called Aggregation, Close-Out Netting, Right of Offset, Right of Setoff. See also Bilateral Netting, Legal Right of Setoff, Offset (2), Payment Netting. http://risk.ifci.ch/00012172.htm
bartek Local time: 03:18 Native speaker of: Polish PRO pts in pair: 24743