International Swaps and Derivatives Association (Isda)
Out of wedlock
Western dealers and their Chinese counterparts have fundamentally different views on how the use of collateral agreements should underpin repurchase agreements and financial derivatives transactions. This culture clash is causing acute problems for China…
Battle formations
Major Chinese entities and international banks are steeling themselves for a protracted battle on multiple fronts related to the use of over-the-counter derivatives. The confrontation is killing business and preventing some Chinese entities from hedging…
The Thomson test
A restructuring of debt by Paris-based media and electronics firm Thomson has provided an early test for the small bang protocol. The initial stages of the settlement process highlighted a number of outstanding issues, not least the treatment of index…
