Bank/Credit Institution: Difference between revisions

Bank/Credit Institution (view source)

1,364 bytes added , 21 September 2021

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-{{bankcreditinstitution}}
+{{a|netting|}}One of {{t|ISDA}}’s vaunted {{tag|netting}} categories.
-{{nettingcategories}}
+{{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]]
+*[[close-out netting]]
+*[[ISDA Anatomy]]
+{{c|Netting Categories}}