Calculation agent: Difference between revisions
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imported>Doug Williamson (Create page. Source:Thomson Reuters webpage https://uk.practicallaw.thomsonreuters.com/5-386-4139?transitionType=Default&contextData=(sc.Default)&firstPage=true&bhcp=1) |
(No difference)
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Revision as of 22:03, 19 December 2019
1.
A party to an over-the-counter (OTC) derivatives transaction - such as an interest rate swap (IRS) or credit default swap (CDS) - responsible for making certain calculations and determinations relating to the transaction and the exchange of payments under it.
2.
A party with similar responsibilities under other transactions or arrangements.