Isda master agreement
Lawyers divided over Isda’s China netting memo
New legal guidance spells out how close-out netting may be achieved, but critics say it’s impractical
Dexia official acquitted of alleged swaps fraud in Italy
City of Prato likely to appeal despite perjury claims
Dexia faces fraud charges over ‘hidden costs’ in swaps deal
Italian fraud trial could spell trouble for other banks providing municipal swaps contracts
China approves Isda framework for central bank forex trades
Debut for international standard agreements in China
Repo stay extension raises questions for buy side
Resolution stays extended to repo and securities lending contracts
Isda escapes CDS case pledge to help CFTC
Association still faces licensing overhaul as part of pending settlement
Italian swaps scrap grips Europe
Dexia Crediop wins right to appeal against Italian city of Prato over €6.5 million swap claim
Greek swaps contract drama continues
Ongoing controls mean some end-user payments are more than a month overdue
Greek bank holiday sparks swaps contract chaos
Extended bank closure leaves derivatives payments by end-users in limbo
Tormar Associates countersues Citi in FX claim
US-based family office submits detailed legal response
Collateral makes the world go round
Sponsored feature: Clearstream
Big plans for derivatives termination stays – the BoE view
Stays will extend to buy-side, repo, and securities lending, says BoE’s Gracie
Banks look to pass CCP investment losses to clients
End-users set to bear brunt of losses, say lawyers
Regulators edge towards opt-in fix for OTC stays issue
Authorities from five countries talk swaps and bank resolution at closed meeting
Prime Finance: Golden's quest for completion
Prime mover
Bilateral CVA of optional early termination clauses
Bilateral CVA of optional early termination clauses
Legal clouds hang over RWA-driven netting push
New capital requirements are making it more difficult for banks to trade with counterparties that are not covered by a netting opinion. That is spurring attempts to expand coverage, but can leave banks and lawyers on uncertain ground. By Lukas Becker
Chinese equity derivatives master agreement close to being finalised
Securities firms in China have begun trading OTC equity derivatives, with a final master agreement expected soon
Dealers seek second business conduct reprieve from CFTC
Less than 1% of counterparties are ready to trade under new regime. Non-compliant firms may be frozen out of the market, banks warn
Industry unmoved by death of minor-currency Libor
The Wheatley Review calls for an end to Libor quoting in five currencies, but the number of trades affected is small – a good thing, because the available solutions are flawed, say market participants
Standard docs may not prevent clearing contract crunch
Preventing a clearing contract crunch
OTC Derivatives Clearing Summit: Buy side bemoans ‘lowest common denominator’ treatment
Pension and insurance firms complain CCPs treat them the same as hedge funds
New Isda protocol may not fix business conduct bottleneck
Dealers hope to comply with new business conduct rules by amending thousands of Isda master agreements – but a standardised protocol published last month is expected to leave some clients cold