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Set-off versus . . . set-off? When close-out netting gets lost in translation

26 September 2026 / Author(s): Jeffrey Golden , Brooke Harding Sahlin
Issue: October 2026 / Categories: Feature

Close-out netting and set-off are distinct legal concepts, yet the distinction can easily be lost in translation across legal languages and systems. This article examines the risk of false equivalence in human and AI translation of these key terms and offers practical recommendations for OTC derivatives practitioners to preserve this critical distinction in cross-border contexts.

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