Template:Netting between english entities: Difference between revisions
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===[[Netting]] between legal entities established in [[England and Wales]]=== | ===[[Netting]] between legal entities established in [[England and Wales]]=== | ||
In November 1993 — not long after the publication of the {{1992isda}}, the Financial Law Panel (these days the [[Financial Markets Law Committee]]) published a [http://www.fmlc.org/uploads/2/6/5/8/26584807/191193.pdf Statement of the Law relating to Netting] which, more or less, confirmed that not only is netting ''permissible'' between English entities on an insolvency; it’s ''compulsory'', whether or not you have an {{isdama}}. Therefore one doesn’t need a [[netting opinion]] for domestic English swap agreement. Hurrah. <br> | In November 1993 — not long after the publication of the {{1992isda}}, the Financial Law Panel (these days the [[Financial Markets Law Committee]]) published a [http://www.fmlc.org/uploads/2/6/5/8/26584807/191193.pdf Statement of the Law relating to Netting] which, more or less, confirmed that not only is netting ''permissible'' between [[England and Wales|English]] entities on an insolvency; it’s ''compulsory'', whether or not you have an {{isdama}}. Therefore one doesn’t need a [[netting opinion]] for domestic [[England and Wales|English]] swap agreement. Hurrah. <br> | ||
Latest revision as of 14:50, 15 January 2020
Netting between legal entities established in England and Wales
In November 1993 — not long after the publication of the 1992 ISDA, the Financial Law Panel (these days the Financial Markets Law Committee) published a Statement of the Law relating to Netting which, more or less, confirmed that not only is netting permissible between English entities on an insolvency; it’s compulsory, whether or not you have an ISDA Master Agreement. Therefore one doesn’t need a netting opinion for domestic English swap agreement. Hurrah.