close-out netting

What is close-out netting?

close-out netting definition and meaning on Finance terms:
A special form of netting which follows certain contractually agreed events (such as the opening of insolvency proceedings), whereby all existing obligations are accelerated such that they become due immediately. See also
default
netting<

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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