Derivatives · glossary
Clause 1.3, which makes the master agreement, the Schedule, the annexes and every Confirmation one contract. It lets all the trades net to one sum, so an insolvency office-holder cannot cherry-pick. Banks hold a legal opinion for each country that this would survive an insolvency there. Clause 1.3 · Chapter 4
Explained in Chapter 4, One Agreement: the Master, the Schedule and the People Who Negotiate It, of Derivatives.
Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.Chapter 1 of Derivatives and this glossary are free to read; the rest of the edition is in the Library, at €12 a month or €79 for a Year Pass.
Related terms
Where this term lives
This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open Derivatives → · All terms A–Z →