Common use of Payment Netting Clause in Contracts

Payment Netting. If on any delivery date more than one delivery of a currency is due, each party shall aggregate the amounts deliverable and only the difference shall be delivered.

Appears in 14 contracts

Sources: Client Agreement, Client Agreement, Customer Agreement

Payment Netting. If on any delivery date more than one delivery of a currency is due, each party shall aggregate the amounts deliverable in that currency and only the difference shall be delivered.

Appears in 12 contracts

Sources: Customer Agreement, Customer Agreement, Client Agreement

Payment Netting. If on any delivery date more than one delivery of a particular currency is dueto be made between Introducing Broker and Interactive pursuant to a foreign currency transaction, each party shall aggregate the amounts deliverable by it and only the difference difference, if any, between these aggregate amounts shall be delivereddelivered by the party owing the larger amount to the other party.

Appears in 2 contracts

Sources: Consolidated Account Clearing Agreement, Consolidated Account Clearing Agreement (Up Fintech Holding LTD)