You must be logged in to add items to your Shopping Cart.
Reset your password
Login or Sign Up Now
Sign Up
Already have an account? Login.
Japanese Security Coll. Provider Provisions—NY Law
Japanese Security Collateral Provider Provisions for the ISDA 2018 Credit Support Annex for Initial Margin (IM) (Security Interest – New York Law)
These provisions enable parties to benefit from the protection for security interest collateral arrangements under the amendment to the Act on Close-Out Netting of Specified Financial Transactions Conducted by Financial Institutions (the “Netting Act”) which was enacted on 31 May 2019 and became effective on 1 May 2020 (the “Amendment”). Following the implementation of the Amendment, security interest collateral arrangements are now recognized and protected in the reorganization proceedings of a Japanese Pledgor (before such implementation, only title transfer collateral arrangements were covered by the Netting Act).