Novation and USD: Difference between pages

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imported>Doug Williamson
(Generalise to include other examples such as central counterparty novation.)
 
imported>Doug Williamson
(Classify page.)
 
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''Law.'' 
ISO currency code for the United States Dollar.
 
#A method of loan transfer, which transfers the rights and obligations of a lender by creating in law a new ('nova') contract between the parties, on the same terms as the original agreement except that the transferee has taken the place of the transferor.
#More generally, the legal process of creating a new contract, with the commercial effect of transferring legal rights and obligations. Another example is the novation of trading contracts through a central counterparty.  




== See also ==
== See also ==
* [[Substitution]]
* [[Cable]]
* [[Assignment]]
* [[CAD]]
* [[Sub-participation]]
* [[Currency]]
* [[Clearing house]]
* [[Indirect quote]]
* [[ISO currency codes]]
* [[MXN]]
* [[United States]]


[[Category:Long_term_funding]]
[[Category:The_business_context]]
[[Category:Compliance_and_audit]]
[[Category:Financial_products_and_markets]]
[[Category:Treasury_operations_infrastructure]]

Revision as of 16:14, 8 December 2019

ISO currency code for the United States Dollar.


See also