China beefing up derivatives master agreements; possible Isda friction?

The National Association of Financial Market Institutional Investors (Nafmii) is looking to beef up definitions that go with its interbank master agreements that govern many onshore over-the-counter derivatives transactions in China, according to sources familiar with the organisation. This may lead to frictions between China's state-controlled documentation standards setter and the International Swaps and Derivatives Association regarding issues over copyright, though some hope the two will wor