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ISDA derivatiViews: A Netting Milestone In China


ISDA derivatiViews: A Netting Milestone In China
Date
04/05/2021
For the past 35 years, ISDA has consistently advocated for the enforceability of close-out netting as an indispensable foundation for safe and efficient derivatives markets. Every country that recognizes netting in its domestic legislation represents a positive step forward, but the draft legislation that has been tabled in China is a seminal milestone.
On April 29, the Standing Committee of the National People’s Congress of China published a draft Futures Law for public consultation. Among its provisions, the draft bill appears to explicitly recognize netting enforceability in over-the-counter (OTC) derivatives, which would enable counterparties to close out transactions and calculate a net amount payable in the event of a default. It also expressly states that close-out netting cannot be invalidated or revoked because a party has entered bankruptcy proceedings. ....

People Bank , Standing Committee Of The National People Congress , Insurance Regulatory Commission , Standing Committee , National People , Futures Law , Bilateral Netting , Qualified Financial Contracts , Netting Act , China Banking , General Meeting , மக்கள் வங்கி , நின்று குழு ஆஃப் தி தேசிய மக்கள் காங்கிரஸ் , காப்பீடு ஒழுங்குமுறை தரகு , நின்று குழு , தேசிய மக்கள் , எதிர்காலங்கள் சட்டம் , தகுதி நிதி ஒப்பந்தங்கள் , சீனா வங்கி , ஜநரல் சந்தித்தல் ,

Crucial bills passed by the Parliament in 2020


Crucial bills passed by the Parliament in 2020
India
Updated: Thursday, December 24, 2020, 13:07 [IST]
New Delhi, Dec 18: The coronavirus pandemic hit almost every aspect of our lives, except for the Parliament sessions. The Monsoon session, though cut short was a productive session for the governmentas all the 11 ordinances promulgated during last session have turned into new laws.
Representational Image
During the short session, the productivity of the Lok Sabha was 167 per cent and Rajya Sabha 100.47 percent. Lok Sabha and Rajya Sabha individually passed 25 Bills each. 27 Bills were passed by both the Houses of Parliament which is best ever rate of passage of Bills per day - 2.7 Bills. ....

Jammu And Kashmir , New Delhi , Rajya Sabha , Lok Sabha , Indian Medicine Central Council Amendment , Health Sector , National Commission For Indian System Of Medicine , Pension Of Members Parliament Amendment , Farm Services , Rashtriya Raksha University , Homoeopathy Central Council Amendment , Health And Working Conditions Code , Institute Of Teaching , National Forensic Sciences University , National Commission For Homoeopathy , Indian Institutes Of Information Technology Laws Amendment , Research In Ayurveda , Companies Amendment , Price Assurance , Farm Services Bill , Farmer Produce Trade , Essential Commodities , Epidemic Diseases , Bankruptcy Code , Second Amendment , Bilateral Netting ,