Template:Isda 5(a)(vii) summ: Difference between revisions

=====Regional bankruptcy variations=====

The Germanic lands have peculiar ideas when it comes to bankruptcy — particularly as regards [[bank]]s, so expect to see odd augmentations and tweaks to {{icds}} standard language. Will these make any practical difference? Almost certainly not: it is hard to see any competent authority in [[Germany]], [[Switzerland]] or [[Austria]] — storeyed nations all, in the long history of banking, after all — not understanding how to resolve a [[bank]] without blowing up its netting portfolio. Especially since [[Basel]], where the netting regulations were formulated, is actually ''in'' [[Switzerland]].

=====The market standard “[[bankruptcy]]” definition =====