Counterparties will likely select a resolution regime in Isda documentation, but it remains unclear how buy-side firms will be persuaded to give up their termination rights
Execution agreements that have taken years of work cannot be used on Sefs - and a big change is needed if they are to survive at all
More Documentation articles
Complete agreement proved impossible, but participants see new legal template as a good base for negotiations, Isda says
The move to central clearing poses a huge documentation challenge. A standard template has been developed for European derivatives users – but will this solve the problem? By Duncan Wood and Lukas Becker
Less than 1% of counterparties are ready to trade under new regime. Non-compliant firms may be frozen out of the market, banks warn
Buy-side firms need to begin negotiating OTC clearing documentation now or risk being forced to adopt one-size-fits-all standard templates
A lack of standard documentation has held up the growth of client clearing, so the launch of a new Futures Industry Association-International Swaps and Derivatives Association contract should speed things up – but it’s not a panacea. Lukas Becker...
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.
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