CONTRACTUAL NETTING IN FRANCE: COMPARISON OF AFB AND ISDA TERMS

Abstract

In September 1994 the Association Française des Banques published a standard master agreement for derivatives and foreign exchange over‐the‐counter transactions. The introduction of this new multi‐product documentation has been rendered possible by the enactment of a specific netting statute which provides for a legal framework allowing inter alia contractual close‐out netting procedure. This standard documentation is strongly inspired by the 1992 ISDA Multicurrency Cross‐Border Master Agreement.

Citation

DUROX, S. (1996), "CONTRACTUAL NETTING IN FRANCE: COMPARISON OF AFB AND ISDA TERMS", Journal of Financial Regulation and Compliance, Vol. 4 No. 3, pp. 227-238. https://doi.org/10.1108/eb024886