Recently Bilateral Netting of Qualified Financial Contracts Act 2020 was enacted with aim to ensure ...........

Economic Affairs Foreign Trade - Trends and Policy

Recently, Bilateral Netting of Qualified Financial Contracts Act, 2020 was enacted with aim to ensure financial stability and promote competitiveness in Indian financial markets. What is meant by "netting" ?

Net receipts of betting in sporting events between two countries

Settlement based on net positions in bilateral arrangements

Overall net proceeds from abroad as per bilateral agreement to avoid double taxation and roundtripping

None of the above

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Explanation:

Netting is used in advanced economics where settlement is based on net positions in bilateral or multilateral financial arrangements rather than by gross positions.