Bank/Credit Institution: Difference between revisions

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-{{g}}One of {{t|ISDA}}’s vaunted {{tag|netting}} categories.
+{{a|netting|}}One of {{t|ISDA}}’s vaunted {{tag|netting}} categories.
-:{{bankcreditinstitution}}
+{{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]].
-Details freaks will have immediately spotted a refererence to the long-since defunct, dear old, [[european Community]]. It 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.
+===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 we are not just snippy criticisers. Not always. So, as part of the JC's unquenchable yen to improve community standards, our representatives have written to ISDA urging it urgently reconsider  the appropriateness of this definition, in light of the sad demise of the EC.
+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]]
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 *[[ISDA Anatomy]]
-{{c|Entities}}
+{{c|Netting Categories}}