82,882
edits
Template:Assignment and set off: Difference between revisions
Template:Assignment and set off (view source)
Revision as of 17:09, 7 September 2017
, 7 September 2017→Important caveat
Amwelladmin (talk | contribs) |
Amwelladmin (talk | contribs) |
||
| Line 11: | Line 11: | ||
=====Important caveat===== | =====Important caveat===== | ||
This is true unless your netting agreement actually disapplies netting of receivables which have been subject to an assignment. If it does something crazy, like dividing these amounts off as "excluded termination amounts not subject to netting". But why on God's green earth would anyone do that? A question you might want to ask to the drafters of the {{tag|FIA}}'s [[Professional Client Agreement]], which does ''exactly'' that. | This is true unless your netting agreement actually disapplies netting of receivables which have been subject to an assignment. If it does something crazy, like dividing these amounts off as "excluded termination amounts not subject to netting". But why on God's green earth would anyone do that? A question you might want to ask to the drafters of the {{tag|FIA}}'s [[Professional Client Agreement]], which does ''exactly'' that. | ||
===Netting between legal entities established in England and Wales=== | |||
In November 1993 — not long after the publication of the {{1992isda}}, the Financial Law Panel (these days the [[Financial Markets Law Committee]] published a [www.fmlc.org/uploads/2/6/5/8/26584807/191193.pdf Statement of the Law relating to Netting] which, more or less, confirmed that not only is netting permissible between English entities on an insolvency; it's compulsory, whether or not you have an {{isdama}}. | |||