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{{a|devil|}} | {{a|devil|}}To qualify for [[Regulatory capital|capital relief]] for [[netting]] and collateral arrangements built into [[master trading agreement]]s, a [[dealer]] must have reasoned [[legal opinion]]s that give a clear answer as to whether netting would be enforceable in each jurisdiction for each master agreement and for each counterparty type with whom it trades. | ||
To qualify for [[Regulatory capital|capital relief]] for [[netting]] and collateral arrangements built into [[master trading agreement]]s, a [[dealer]] must have reasoned [[legal opinion]]s that give a clear answer as to whether netting would be enforceable in each jurisdiction for each master agreement and for each counterparty type with whom it trades. | |||
Traditionally, each [[industry association]] has obtained [[netting opinion]]s for its own [[master agreement]] in main jurisdictions and for main counterparty types: | Traditionally, each [[industry association]] has obtained [[netting opinion]]s for its own [[master agreement]] in main jurisdictions and for main counterparty types: | ||
*[[ISDA]] for the {{isdama}} and [[credit support annex]]es | *[[ISDA]] for the {{isdama}} and [[credit support annex]]es |