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Clifford Chance

Clifford Chance


Netting in Russia: FSFM Publishes Draft List of Eligible Cross-Border Master Agreements

6 October 2011

Further to our client briefing "Netting in Russia: Light at the End of the Tunnel" of January 2011, this note discusses the draft regulation published earlier this week by the Federal Service for Financial Markets (the "FSFM") which sets out the list of eligible cross-border master agreements for close-out netting purposes (the "Draft Regulation").

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