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Clifford Chance

Contractual continuity in OTC derivatives – Challenges with transfers

The issue of contractual continuity in the over-the-counter derivatives market following the exit of the UK from the EU is a subject of considerable concern to firms and their clients and counterparties. The International Swaps and Derivatives Association (ISDA) and the Association for Financial Markets in Europe (AFME) have published a joint paper examining the challenges faced by UK and EU firms and their clients seeking to transfer their legacy cross-border over-the-counter derivative contracts to an appropriately licensed affiliate in advance of Brexit. Clifford Chance assisted ISDA and AFME in the preparation of this paper.

 

Thought Leadership

30 July 2018

Contractual continuity in OTC derivatives – Challenges with transfers

The issue of contractual continuity in the over-the-counter derivatives market following the exit of the UK from the EU is a subject of considerable concern to firms and their clients and counterparties. The International Swaps and Derivatives Association (ISDA) and the Association for Financial Markets in Europe (AFME) have published a joint paper examining the challenges faced by UK and EU firms and their clients seeking to transfer their legacy cross-border over-the-counter derivative contracts to an appropriately licensed affiliate in advance of Brexit. Clifford Chance assisted ISDA and AFME in the preparation of this paper.

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