Template:Drv capsule: Difference between revisions

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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]] [[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 [[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 [[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]] or the [[swap DRV]].
*'''[[Derivatives]] and [[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]], or the [[repo DRV]].
*'''[[Repo]]''': [[Deutscher Rahmenvertrag für Wertpapierpensionsgeschäfte]] — we will call this the [[DRV-WP]], or the [[repo DRV]].
*'''{{t|Stock loans}}''': [[Deutscher Rahmenvertrag für Wertpapierdarlehen]] ({{tag|Stock lending}})— we will call this the [[DRV-WD]] or the [[stock loan DRV]].
*'''[[Stock loans]]''': [[Deutscher Rahmenvertrag für Wertpapierdarlehen]] ([[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”. <br>
The [[DRV]] has a  [[Credit support annex|collateral annex]] the [[Besicherungsanhang für Variation Margin]] which, charmingly, translates as “safety attachment”. <br>

Latest revision as of 13:30, 14 August 2024

The deutscher rahmenvertrag (literally, “framework agreement”) is the German master agreement, also known as the “DRV”[1] or just the plain old “rahmenvertrag”. It is published by Bundesverband deutscher Banken and comes in at least three varieties, all governed by German law. I know very little about them, other than their names, and that they are used for swaps, repo and stock lending:

The DRV has a collateral annex the Besicherungsanhang für Variation Margin which, charmingly, translates as “safety attachment”.

  1. ↑ 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 Germany.
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