A special type of netting which takes place in connection with certain contractually agreed events that trigger specific actions. For...

A letter of credit (LC) that represents a guarantee by an issuing bank rather than a source for payment. A...

A loan facility (e.g. a credit line) whereby the two parties (lender and borrower) have a large degree of discretion...

A loan facility (e.g. a credit line or a repo facility) whereby the provider is contractually required to advance funds...

In general, it refers to a collateralization technique that enables an entity to make collateral available to a counterparty without...

Broadly speaking, earmarking involves putting aside of an amount of money for a specific purpose, such as formation of a...

A short form for dematerialisation/ dematerialization; the process that eliminates physical records (certificates or documents) of title indicating ownership of...

The process that eliminates physical records (certificates or documents) of title indicating ownership of financial assets, such as bonds and...

A loss-sharing arrangement whereby participants agree that, in the event of a participant’s inability to settle its obligations (e.g., to...

In relation to a transfer system, it refers to the span of time (lag) between the acceptance of the transfer...