Gregory, Chapter 5: Netting, Close-out and Related Aspects is a 31 minute instructional video analyzing the following concepts:
* Explain the purpose of an ISDA master agreement.
* Summarize netting and close-out procedures (including multilateral netting), explain their advantages and disadvantages, and describe how they fit into the framework of the ISDA master agreement.
* Describe the effectiveness of netting in reducing credit exposure under various scenarios.
* Identify and describe termination events and discuss their potential effects on parties to a transaction.