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Netting manifesto: Difference between revisions
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*[[FIA]] for exchange-traded derivatives | *[[FIA]] for exchange-traded derivatives | ||
*Local banking associations (SBA, BdB, FBF, etc) for local law master agreements | *Local banking associations (SBA, BdB, FBF, etc) for local law master agreements | ||
===But | ===But it’s a disaster=== | ||
*'''No co-ordination''': The industry associations don’t co-ordinate their opinion gathering, and indeed treat the gathering opinions as some kind of secret, commercially vital operation. | *'''No co-ordination''': The industry associations don’t co-ordinate their opinion gathering, and indeed treat the gathering opinions as some kind of secret, commercially vital operation. | ||
*'''Mucho duplication''': Despite ''tons'' of overlap in subject matter — whether an agreement is nettable for a given counterparty is unlikely to differ by agreement type — the [[industry association]]s instruct different firms, phrase their instructions differently, and identify and categorize counterparty types differently. B | *'''Mucho duplication''': Despite ''tons'' of overlap in subject matter — whether an agreement is nettable for a given counterparty is unlikely to differ by agreement type — the [[industry association]]s instruct different firms, phrase their instructions differently, and identify and categorize counterparty types differently. B | ||