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Close-out netting

Close-out netting is a definition of a process involving termination of obligations under a contract with a defaulting party and subsequent combining of positive and negative replacement values into a single net payable or receivable.

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SWIFT transfer

SWIFT transfer is usually a cross-border transfer that is instructed using the SWIFT (Society for Worldwide Interbank Financial Telecommunication)...
Telegraphic Transfer

Telegraphic Transfer (TT) or wire transfer is a legacy term referring to electronic transfers such as domestic payments via CHAPS (Clearing House...

SWIFT Code (BIC)

SWIFT code, or Bank Identifier Code (BIC), is one of the most pertinent parts of the SWIFT transfer instructions you need to make your international ...