Payment Obligation As Delivery
From Open Risk Manual
Definition
Payment Obligation As Delivery. Obligation for payment in settlement of a transaction when this payment takes the form of delivery of some payment in kind.
Example
Sample text: "... Where settlement is by delivery (that is, other than by payment), such delivery will be made for receipt on the due date in the manner customary for the relevant obligation unless otherwise specified in the relevant Confirmation or elsewhere in this Agreement. "
Disclaimer
This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.
Facts about "Payment Obligation As Delivery"
| IsDefinedBy URI of an entity that is defined via an imported vocabulary. | https://spec.edmcouncil.org/fibo/ontology/DER/DerivativesContracts/DerivativesMasterAgreements/index-en.html + |
