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Status: Published
Version date: 27 June 2013 - onwards
    Version 1 of 1    

payment leg

means the payment agreed in an OTC derivative transaction with a linear risk profile which stipulates the exchange of a financial instrument for a payment.

In the case of transactions that stipulate the exchange of payment against payment, those two payment legs shall consist of the contractually agreed gross payments, including the notional amount of the transaction

Comparing proposed amendment...