The Banking Law Journal
The article focuses on the roles and responsibilities of parties involved in over-the-counter (OTC) interest rate swap transactions. It talks about the structure of interest rate swaps or derivatives which can be based on anything capable of objective measurement. The legal framework and the federal laws and regulations surrounding interest rate swaps are also discussed. The standards used in formalizing derivatives trading arrangements are included in the master agreement created by the International Swaps and Derivatives Association (ISDA).
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