Multilateral netting

This topic has 5 replies, 3 voices, and was last updated 10 years ago by John Moffat.

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November 21, 2015 at 1:25 pm #284311
567890bba
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Good day, my question goes thus, if in a question on multilateral netting the question says owed by and owed to
Example owed by Kenduri and owed to Lakama 4.5 us dollars As in 2013 June question. Who is the debtor and who is the creditor Thanks
November 21, 2015 at 2:07 pm #284321
John Moffat
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In Kenduri’s books, Lakama is a creditor (because K owes money to L).
In Lakama’s books, Kenduri is a debtor (because L is owed money by K)
November 21, 2015 at 2:23 pm #284327
567890bba
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Thank you
November 21, 2015 at 5:51 pm #284378
John Moffat
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You are welcome 🙂
November 28, 2015 at 3:10 pm #285958
petrochina
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… There was my question but I found answer myself, sorry
November 28, 2015 at 5:35 pm #285987
John Moffat
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Do you mean I have missed one of your questions? If I have then I am sorry.
Anyway I please that you have found the answer 🙂
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