CONTRACTUAL NETTING IN FRANCE: COMPARISON OF AFB AND ISDA TERMS
Journal of Financial Regulation and Compliance
ISSN: 1358-1988
Article publication date: 1 March 1996
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
Publisher
:MCB UP Ltd
Copyright © 1996, MCB UP Limited