To swap or not to swap? Considerations in the face of counterparty insolvency

JIBFL Jan 2016 Page 1

In this month’s Butterworth’s Journal of International Banking and Financial Law, Jonathan Clark and Sayra Tekin at Slaughter and May consider what happens when, in the absence of ISDA or other governing legal terms, a counterparty to a swap becomes insolvent before the final exchange date (at which the legs of the swap are due to be performed simultaneously).

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