  Smart Close-out Netting aims to standardise and automate specific operational
aspects of the legal and regulatory processes of close-out netting for
prudentially regulated financial institutions. This article provides a review,
analysis and perspective of these operational processes, their benefits for
prudentially regulated trading institutions, their current inefficiencies, and
the extent to which they are amenable to standardisation and automation. The
main concepts of Smart Close-out Netting are introduced, including the use of a
controlled natural language in legal opinions and the use of a data-driven
framework during netting determination.
