Eurozone Briefings

This page includes links to informative briefing notes from ISDA member firms relating to the Eurozone which deal with topics such as the key legal issues and the potential impact on derivatives documentation. ISDA has established it as central resource for information to assist market participants in their contingency planning. The existence of this page does not imply any view on the part of ISDA as to the likelihood of the occurrence of any event covered by the linked documents.

 Date  Firm  Title
July 24, 2012 Teigland-Hunt LLP ISDA’s Illegality/Force Majeure Protocol – Teigland-Hunt LLP Client Alert
July 12, 2012 Clayton Utz ISDA Eurozone Contingency Planning – New Illegality/Force Majeure Protocol
July 3, 2012 Clifford Chance The Eurozone crisis and exchange controls
May 25, 2012 Field Fisher Waterhouse The Eurozone Crisis and Financial Transactions: A Comprehensive Guide
January 27, 2012 K&L Gates O Spirit of Love! Settlement of Credit Derivatives Transactions after a Reference Entity Leaves the Eurozone
January 26, 2012 K&L Gates Potential Impact of a Eurozone Break-up on Foreign Exchange Swaps and Currency Options Contracts
January 20, 2012 Ashurst International contracts and the Eurozone crisis
January 12, 2012 Clifford Chance The Eurozone Crisis and Derivatives
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December 15, 2011 Linklaters Eurozone Bulletin: Do I need a contingency plan?
October 28, 2011 Allen & Overy The euro and currency unions
October 26, 2011 Allen & Overy Sovereign state restructurings and credit default swaps
December 14, 2010 Allen & Overy State insolvency – what bondholders and other creditors should know

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Response on Options and Discretions

On January 24, ISDA and the Association for Financial Markets in Europe (AFME) responded to the European Central Bank’s (ECB) consultation on its approach to options and discretions under EU law. In the response, the associations highlight the efforts of...

Letter to SEC on US Treasury Clearing

On January 24, ISDA, the Alternative Investment Management Association (AIMA), FIA, the FIA Principal Traders Group (FIA PTG), the Institute of International Bankers (IIB), the Managed Funds Association (MFA) and the Securities Industry and Financial Markets Association (SIFMA) and its...

Response on EMIR Active Account Consultation

On January 27, ISDA responded to the European Securities and Markets Authority’s (ESMA) consultation on the active account requirement (AAR) introduced under the revised European Market Infrastructure Regulation (EMIR 3.0). In the response, ISDA highlighted significant concerns about the proposed...