Give-up agreement can survive CFTC attack, Isda event told

tearupcontract

An industry attempt to develop standard documentation for cleared over-the-counter derivatives trades may have been slapped down by the Commodity Futures Trading Commission (CFTC) in a proposed rule-making on July 19, but those involved in the project aren't giving up on it yet. The CFTC's proposals – rushed out a month after the document first saw the light of day – take direct aim at a controversial annex that would bind in a third party to the otherwise bilateral agreement, but according to L

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