International Swaps and Derivatives Association and Netting centre: Difference between pages

Revision as of 08:16, 24 May 2015

An essential part of a multilateral netting system.

The netting centre acts as a counterparty to all of the participants in the multilateral netting system.

In a group of companies, the netting centre is usually operated by the central or regional treasury centre.

The netting centre typically handles all foreign exchange exposures as well as foreign exchange trading.

@@ Line 1: / Line 1: @@
-(ISDA).
+An essential part of a multilateral netting system.
-The industry body responsible, among other things, for standardising swap documentation.
+The netting centre acts as a counterparty to all of the participants in the multilateral netting system.
-The terms of swaps are normally governed by a minimum of two documents: a Master Agreement (often referred to simply as an ‘ISDA’) and a confirmation of the specific details of a particular trade (the ‘confirmation’).
+In a group of companies, the netting centre is usually operated by the central or regional treasury centre.
-The International Swaps and Derivatives Association was formerly the International Swap Dealers Association.
+The netting centre typically handles all foreign exchange exposures as well as foreign exchange trading.
 == See also ==
-* [[Bloomberg Index Services Limited]]  (BISL)
+* [[Counterparty]]
-* [[Calculation agent]]
+* [[Multilateral netting]]
-* [[Collateral manager]]
+* [[Multilateral net settlement system]]
-* [[Confirmation]]
+* [[Netting]]
-* [[Credit adjustment spread]]  (CAS)
+* [[Payments and payment systems]]
-* [[Credit default swap]]
-* [[Credit support annex]]
-*[[Global Financial Markets Association]]  (GFMA)
-* [[ISDA Master Agreement]]
-* [[ISDA/IIFM Tahawwut Master Agreement]]
-* [[Swap]]
-* [[Valuation agent]]
-[[Category:Accounting,_tax_and_regulation]]