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Accounting
Banking

Netting By Novation

The process that is typically arranged at the contract date (not at settlement date) for the purpose of replacing all...

Collateral

A borrower's pledge of a property/ assets to a lender or creditor in order to secure repayment of a loan...

Downgrade Trigger

A provision in a derivative contract that stipulates immediate contract termination with a cash settlement if the credit rating of...