Popular Press
A Primer on Netting Legal Opinions for Master Agreements
Futures and Derivatives Law Report
(2021)
Abstract
The reliance upon a netting legal opinion (“Netting Opinion”) to support over-the-counter (“OTC”) derivative transactions and related master netting agreements (“Master Agreements”) is ubiquitous across the globe. Netting Opinions provide the due diligence that allow market participants to be confident that the termination and close-out provisions of Master Agreements will be enforceable in relevant jurisdictions, whether domestic or foreign. In fact, a party will often refuse to trade with a counterparty unless the party can rely upon a Netting Opinion.
Keywords
- netting opinion,
- OTC,
- master agreements,
- ISDA,
- insolvency,
- derivative,
- regulatory capital rules,
- due diligence
Disciplines
Publication Date
November, 2021
Citation Information
Christian A. Johnson. "A Primer on Netting Legal Opinions for Master Agreements" Futures and Derivatives Law Report Vol. 41 Iss. 10 (2021) p. 1 - 15 Available at: http://works.bepress.com/christian_johnson/80/