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Bank/Credit Institution: Difference between revisions
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One of {{t|ISDA}}’s vaunted {{tag|netting}} categories. | {{a|netting|}}One of {{t|ISDA}}’s vaunted {{tag|netting}} categories. | ||
{{ | {{quote|{{bankcreditinstitution}}}} | ||
{{}}}} | ===Integrated [[broker-dealer]]s in; standalone [[broker-dealer]]s out=== | ||
If your bank includes a [[broker-dealer]], or investment bank, within the same legal entity as a deposit taking institution — like UBS AG or Barclays Bank PLC does, for example — you are a [[Bank/Credit Institution]]. If you are a specialised [[broker-dealer]] or [[investment bank]] without its own built-in deposit-taking bank — like Goldman Sachs International — you are an [[Investment Firm/Broker-Dealer]]. | |||
===Say what? European ''Community''?=== | |||
Details freaks will have immediately spotted a reference to the long-since defunct, dear old, [[European Community]], which for practical purposes was subsumed into the [[European Union]] as early as 1993, but finally formally dissolved in the Treaty of Lisbon in 2009, at about which time ISDA was finalising the most recent version of its counterparty types. | |||
{{ | Now the [[JC]] is not ''just'' snippy a criticiser. Mainly, but not always. So, as part of the [[JC]]'s unquenchable yen to improve community standards, his representatives have written to ISDA urging it urgently reconsider the appropriateness of this definition, in light of the sad demise of the EC. | ||
{{sa}} | |||
*[[ISDA netting categories]] | *[[ISDA netting categories]] | ||
*[[close-out netting]] | *[[close-out netting]] | ||
*[[ISDA Anatomy]] | *[[ISDA Anatomy]] | ||
{{c| | {{c|Netting Categories}} | ||