Close-out netting
Lehman shortcut could slash value of derivatives claims
Proposed derivatives settlement framework may knock billions of dollars off dealers’ derivatives claims against the bankrupt estate
Asia Risk 15: Derivatives netting not fully in place in Asia
The standardisation and enforceability of documents represents a cornerstone of the over-the-counter derivatives market in Asia. But as the sector continues to grow, risk mitigation from close-out netting has yet to gain legal certainty in many …
Harbouring doubts on close-out netting
Derivatives safe harbours are viewed as crucial to close-out netting. However, they are under siege from the US Congress, where legislators have tried to undo the protections given to market participants when a counterparty defaults. Mark Pengelly reports
Mastering sharia
The International Swaps and Derivatives Association and the International Islamic Financial Market published the long-awaited Islamic master agreement in March after more than three years of negotiations. Market participants welcome the document, but say…
Sponsored Q&A: Transformational change
BNY Mellon this year launched Derivatives Collateral Net (DCN), a unique netting service for derivatives collateral management. Scott Linden and Mark Robinson of BNY Mellon talk about how they see it transforming the industry
Net results
A master agreement for over-the-counter Islamic derivatives is in the final review stages and could be published in 2009. After years of debate, the difficult issue of close-out netting appears to be close to resolution. By Alastair Marsh
Net results
A master agreement for over-the-counter Islamic derivatives is in the final review stages and could be published as early as next month. After years of debate, the difficult issue of close-out netting appears to be close to resolution. By Alastair Marsh
G-30 Proposes Global Clearing and Settlement Reforms
London — Today the Group of 30 proposed a series of 20 major reforms for the clearing and settlement infrastructure of the global capital markets.