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Derivatives

29 May 2019
Rhidian David Preparations for no-deal Brexit: continued application of market master agreements

France - Hughes Hubbard & Reed LLP

The government recently adopted Ministerial Order 2019-75, which aims to ensure that International Swap Derivatives Association-type master agreements on financial services continue to be used. To enable EU clients to pursue their existing contractual relationships after a no-deal Brexit, the order offers a simplified method of replicating a master agreement with an EU entity that belongs to the same group of companies as the UK financial institution with which that client had an existing contractual relationship.

Authors: Rhidian David, Agnes Braka-Calas
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