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payments shall be made no later than the tenth business day of this month to the account specified by the ascb or shall be debited from an account specified by the as .
payments shall be made no later than the tenth business day of this month to the account specified by the ascb or shall be debited from an account specified by the as .
Last Update: 2011-10-23
Usage Frequency: 1
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global netting should a default termination occur , the ecb shall , as soon as is reasonably practicable , take an account of what is due from each party to the other under each netting agreement ( including under appendix 2 of this agreement ) in respect of which default termination has occured and aggregate the sums due from each party to the other under such netting agreements ( including under appendix 2 to this agreement ) , in every case in or converted into the base currency , and only the net balance of the account shall be payable by the party owing the larger aggregate sum .
global netting should a default termination occur , the ecb shall , as soon as is reasonably practicable , take an account of what is due from each party to the other under each netting agreement ( including under appendix 2 of this agreement ) in respect of which default termination has occured and aggregate the sums due from each party to the other under such netting agreements ( including under appendix 2 to this agreement ) , in every case in or converted into the base currency , and only the net balance of the account shall be payable by the party owing the larger aggregate sum .
Last Update: 2011-10-23
Usage Frequency: 1
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