ISDA netting categories: Difference between revisions

From The Jolly Contrarian
Jump to navigation Jump to search
No edit summary
No edit summary
Line 1: Line 1:
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.
*{{bankcreditinstitution}}  
*{{bankcreditinstitution}}  
*{{centralbank}}
*{{centralbank}}

Revision as of 10:03, 18 July 2018

When it comes to analysing netting opinions for ISDA Master Agreement, 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.


See also