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| Definition Of: |
multilateral netting
An arrangement among three or more parties to net their obligations. The obligations covered by the arrangement may arise from financial contracts, transfers or both. The multilateral netting of payment obligations normally takes place in the context of a multilateral net settlement system. Such netting is conducted through a central counterparty. The multilateral net position is also the bilateral net position between each participant and the central counterparty. See also: multilateral net settlement position multilateral net settlement system
Copyright © 2006, European Central Bank, Frankfurt am Main, Germany. This information may be obtained free of charge through the ECB's website.
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Banking INDEX:
List of Terms: Terms beginning with "A", Page 1 |
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1 2 3 A: Page 1 of 3.
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