Deutscher Rahmenvertrag für Finanztermingeschäfte

From The Jolly Contrarian
(Redirected from DRV-F)
Jump to navigation Jump to search
DRV for Derivatives and Futures Anatomy™
This is an informal, non-binding and, by the looks, not massively idiomatic translation of the Deutscher Rahmenvertrag für Finanztermingeschäfte. So treat it, and the JC's summary of and uninformed musings about it, with even more caution than normal.
DRV-F · (wikitext) · (nutshell wikitext)
Navigation: Table of contents | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 (being the Elections)
Tell me more
Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.

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”.

Deutscher Rahmenvertrag für Finanztermingeschäfte

For the informal English translation
Preamble
1 Purpose and Scope of Agreement
2 Transactions
3 Payments and Performance of other Obligations
4 Banking Day
5 Reference Basis
6 Calculation Method for Interest-Rate Related Transactions
7 Termination
8 Claims for Damages and Compensation for Benefits Received
9 Final Payment
10 Transfer
11 Miscellaneous
12 Special Provisions

References

  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.