轧差

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 .

由于CLS采用针对每个交易货币轧差清算进行实际支付的新方式，所以在一定程度上解决了现行清算方式本身所固有的清算风险问题。该文对王等方案进行了分析。

As a new method that makes actual payment against position-balanced clearing of each transaction currency , it has , to some extent , solved the problem of settlement risk inherent to the current clearing scheme .

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 .

轧差可采用不同的方式进行，这些方式在一方丧失清偿能力的情况下，其法律强制轧差的程度不尽相同。

Netting may take several forms which have varying degrees of legal enforceability in the event of default of one of the parties .