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Key Issues in OTC Derivatives Contracts as COVID-19 Disrupts Global Financial Markets

The Energy Law Blog

Derivatives contracts typically provide for standard fallback mechanisms in the event of a disruption, including no-fault termination, but parties should confirm if the standard fallbacks have been modified in a confirmation or other documentation. Regulatory authorities are working to provide relief on reporting deadlines and scope.

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Derivatives: ISDA Announces 2016 New York Law Variation Margin Credit Support Annex

The Energy Law Blog

On April 14, 2016, the International Swaps and Derivatives Association, Inc. ISDA ) announced the 2016 ISDA Credit Support Annex for Variation Margin for use with New York law transactions (the 2016 CSA ). ISDA is in the process of updating certain of its documents to account for recent regulatory reforms. In the coming months, the U.S.