https://www.taxtmi.com/news?id=23141 The Bill makes close-out netting and bilateral netting of designated qualified financial contracts enforceable between regulated market participants, prescribing mechanics for termination, valuation, currency conversion and aggregation into a single net amount. Close-out netting may be invoked on default or termination events, is final and binding on parties and administration practitioners, and is unaffected by insolvency proceedings, stays or moratoria. Designation of covered contracts and participants is by notified authorities; absent agreement on net amount, arbitration determines the payable sum. en-us Tue, 15 Sep 2020 12:33:09 +0530 Wed, 11 Feb 2026 15:59:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23141 The Bill makes close-out netting and bilateral netting of designated qualified financial contracts enforceable between regulated market participants, prescribing mechanics for termination, valuation, currency conversion and aggregation into a single net amount. Close-out netting may be invoked on default or termination events, is final and binding on parties and administration practitioners, and is unaffected by insolvency proceedings, stays or moratoria. Designation of covered contracts and participants is by notified authorities; absent agreement on net amount, arbitration determines the payable sum. News - Tue, 15 Sep 2020 12:33:09 +0530 https://www.taxtmi.com/news?id=23141