European OTC client-clearing docs arrive after nine-month delay

Signing a contract

Users of client clearing services in Europe's over-the-counter derivatives markets now have a standard legal template to work from - the product of more than a year of negotiations between buy- and sell-side firms.

The European client cleared OTC derivatives addendum - published today by the Futures and Options Association (FOA) and the International Swaps and Derivatives Association - can be used with either an Isda or an FOA master agreement to document the relationship between clearing member

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