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Novation

A method that is used by a lender to transfer a loan whereby the rights and obligations under the loan...

    Netting By Novation

    The process that is typically arranged at the contract date (not at settlement date) for the purpose of replacing all...

      Swap Novation

      The creation of a new swap agreement, while simultaneously canceling the original or old one. This may take place if the terms...

        Novation

        A process of replacing a contract or a series of contracts with a new one(s), whereas a third party takes...