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The ''[[deutscher rahmenvertrag]]'' (literally, “framework agreement”) is the [[Germany|German]] {{tag|master agreement}}, also known as the “[[DRV]]”<ref>Though careful: it is not to be confused with the ''Deutscher Radfahrer-Verband'', the cycling unit in the sports office of a certain, ahhh, earlier political regime in {{t|Germany}}.</ref> or just the plain old “[[rahmenvertrag]]”. It is published by [[Bundesverband deutscher Banken]] and comes in at least three varieties, all governed by {{tag|German law}}. I know very little about them, other than their names, and that they are used for swaps, [[repo]] and [[stock lending]]: | The ''[[deutscher rahmenvertrag]]'' (literally, “framework agreement”) is the [[Germany|German]] {{tag|master agreement}}, also known as the “[[DRV]]”<ref>Though careful: it is not to be confused with the ''Deutscher Radfahrer-Verband'', the cycling unit in the sports office of a certain, ahhh, earlier political regime in {{t|Germany}}.</ref> or just the plain old “[[rahmenvertrag]]”. It is published by [[Bundesverband deutscher Banken]] and comes in at least three varieties, all governed by {{tag|German law}}. I know very little about them, other than their names, and that they are used for swaps, [[repo]] and [[stock lending]]: | ||
*'''{{tag|Derivatives}} and {{tag|Futures}}''': [[Deutscher Rahmenvertrag für Finanztermingeschäfte]] — we will call this the [[DRV-F]]. | *'''{{tag|Derivatives}} and {{tag|Futures}}''': [[Deutscher Rahmenvertrag für Finanztermingeschäfte]] — we will call this the [[DRV-F]] or the [[swap DRV]]. | ||
*'''{{tag|Repo}}''': [[Deutscher Rahmenvertrag für Wertpapierpensionsgeschäfte]] — we will call this the [[DRV-WP]]. | *'''{{tag|Repo}}''': [[Deutscher Rahmenvertrag für Wertpapierpensionsgeschäfte]] — we will call this the [[DRV-WP]], or the [[repo DRV]]. | ||
*[[Deutscher Rahmenvertrag für Wertpapierdarlehen]] ({{tag|Stock lending}})— we will call this the [[DRV-WD]] | *'''{{t|Stock loans}}''': [[Deutscher Rahmenvertrag für Wertpapierdarlehen]] ({{tag|Stock lending}})— we will call this the [[DRV-WD]] or the [[stock loan DRV]]. | ||
The [[DRV]] has a [[Credit support annex|collateral annex]] the [[Besicherungsanhang für Variation Margin]] which, charmingly, translates as “safety attachment”. | The [[DRV]] has a [[Credit support annex|collateral annex]] the [[Besicherungsanhang für Variation Margin]] which, charmingly, translates as “safety attachment”. <br> | ||