Deductions and Netting centre: Difference between pages

Revision as of 08:16, 24 May 2015

An essential part of a multilateral netting system.

The netting centre acts as a counterparty to all of the participants in the multilateral netting system.

In a group of companies, the netting centre is usually operated by the central or regional treasury centre.

The netting centre typically handles all foreign exchange exposures as well as foreign exchange trading.

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-#Amount of money subtracted from an account or from any amount payable/receivable, to pay for services, goods or taxes.
+An essential part of a multilateral netting system.
-#''Tax.'' Amounts for which tax relief is given.  Most often by subtracting the deductions from (otherwise) taxable profits, before calculating the amount of tax payable on the net taxable profits.
+The netting centre acts as a counterparty to all of the participants in the multilateral netting system.
+In a group of companies, the netting centre is usually operated by the central or regional treasury centre.
+The netting centre typically handles all foreign exchange exposures as well as foreign exchange trading.
 == See also ==
-* [[Tax credit]]
+* [[Counterparty]]
-* [[Tax relief]]
+* [[Multilateral netting]]
+* [[Multilateral net settlement system]]
-[[Category:Accounting,_tax_and_regulation]]
+* [[Netting]]
+* [[Payments and payment systems]]