Isda poised to issue India netting opinion
Dealers say ability to apply close-out netting for capital calculations will boost derivatives market
The International Swaps and Derivatives Association is set to recognise India as an effective netting jurisdiction in a positive legal opinion due to be published “imminently” for its members. Dealers say clarity on the enforceability of close-out netting in the country will free up large amounts of regulatory capital that banks are currently required to set aside for derivatives transactions, allowing them to do more trades.
“If you look at the Indian private sector banks or the foreign banks
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