Banks begin China close-out netting work after Isda opinion
Rise in collateralised transactions will be next step, dealers say
Foreign banks in China are starting work on implementing close-out netting for derivatives transactions, after the International Swaps and Derivatives Association issued a legal opinion that provides long-awaited recognition that the practice is enforceable under Chinese law.
Isda’s netting opinion, published on August 1, comes on the same day that China’s futures and derivatives law takes effect
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@risk.net
More on Markets
Ardagh CDS spreads reel amid payout confusion
Dispute over company’s recapitalisation plan leaves credit default swap holders with uncertain future
Institutional investors take profit on gold trades
Hedge funds trimmed longs after gold rally and triggered massive market selloff
Inside the 2025 BIS FX survey: dollar wobbles, trading shifts and settlement risks
BIS’s triennial survey shines a light on the forces shaping global FX markets
Fitch Solutions Toolkit for Credit Risk Leaders: enhancing credit risk management, mitigation and strategic decision-making
The Fitch Solutions Toolkit for Credit Risk Leaders is a practical guide to enhancing visibility, agility and control across the credit risk workflow
Dealers prep for year-end equity financing surge
Cost of funding equity derivatives bets blew out to 227bp in 2024 and is ticking higher again
Ex-governor says Fed should use Treasury derivatives in crisis
Doing so could split response from monetary policy and hedge interest rate risks, argues Jeremy Stein
Unlocking global market access and redefining trading infrastructure
Designed to reimagine market connectivity, GAN offers strategic significance for financial institutions, regulators and exchanges
CLO market dismisses First Brands contagion worries
But investors say larger concerns remain for the product’s riskiest tranches
