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. The new law aims to provide a statutory framework for derivatives in China’s onshore market.
Foll
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 [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.