ISDA netting categories: Difference between revisions

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{{a|isda|}}When it comes to analysing netting opinions for {{isdama}}, one helpful thing ISDA came up with is to create generic categories of legal entity which local counsel could match the specific legal entities in that jurisdiction. So for example, an english [[limited liability company]], a Luxembourg [[société anonyme]] and a German [[aktiengesellschaft]] are each varieties of thegeneric ISDA category “[[Corporation]]”. This means that a netting engine needs to have only fifteen legal entity types, rather than thousands.
{{a|netting|}}When it comes to analysing netting opinions for {{isdama}}, one helpful thing ISDA came up with is to create generic categories of legal entity which local counsel could match the specific legal entities in that jurisdiction. So for example, an english [[limited liability company]], a Luxembourg [[société anonyme]] and a German [[aktiengesellschaft]] are each varieties of thegeneric ISDA category “[[Corporation]]”. This means that a netting engine needs to have only fifteen legal entity types, rather than thousands.
===In short===
===In short===
*[[Bank/Credit Institution]]
*[[Bank/Credit Institution]]
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