轧差是指利用抵销、合同更新等法律制度,最终取得一方对另一方的一个数额的净债权或净债务,如市场交易者之间,可能互有内容相同,方向相反的多笔交易,在结算或结束交易时,可以将各方债权在相等数额内抵销,仅支付余额。
在支付指令情况中也指支付轧差,以及咨询轧差。
Also referred to as payment netting, in the case of payment instructions, and advisory netting.
轧差把大量逐笔交易余额或债务减少至较小数目的债务或余额。
The netting reduces a large number of individual positions or obligations to a smaller number of obligations or positions.
每一个参与者与中央订约方之间的双边轧差形成了多边轧差余额。
The multilateral net position represents the bilateral net position between each participant and the central counterparty.
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