Celesta

What Is Multilateral Netting?

by

Multilateral netting is an agreement between multiple parties to settle all outstanding obligations between them on a regular basis. This type of arrangement is often used by financial institutions in order to reduce the risk of default by any one party. In a typical multilateral netting arrangement, each party agrees to provide the other parties … Read more

Smokestack Industry Definition.

by

The smokestack industry definition is a term used to describe an industry that is characterized by the release of large amounts of pollutants into the atmosphere, typically in the form of smoke from factory chimneys. The term is most often used in the context of developed countries and their manufacturing sectors, where such industries have … Read more