--Eleni Himaras
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| Robert Pickel |
Close-out netting under International Swaps and Derivatives Association Master Agreements could become less effective once regulatory reform forces companies to separate various types of derivative activity.
Once dealers are forced to separate over-the-counter derivatives, cleared derivatives, exchange-traded derivatives, and those spun-off to new entities or those pushed out under the Volcker Rule, each transaction will fall under a separate ISDA agreement. Close-out netting only applies to ....