EMU Greek Protocol Attracts 138 Adherents.Business Editors LONDON--(BUSINESS WIRE)--Dec. 20, 2000 The International Swaps and Derivatives Association The International Swaps and Derivatives Association (ISDA) is a trade organization of participants in the market for over-the-counter derivatives. It is headquartered in New York, and has created a standardized contract (the ISDA Master Agreement) to enter , Inc. (ISDA ISDA See: International Swap Dealers Association ) announced today that a total of 138 dealers and end-user entities signed on to the EMU Protocol (Greece) by the December 15, 2000 deadline. All three of ISDA's Greek dealers, Alpha Bank, EFG EFG Electric Field Gradient EFG Edge-defined Film-fed Growth EFG European Financial Group EFG European Federation of Geologists EFG Egyptian Financial Group EFG Epic Fail Guy EFG Earth Federation Government (Mobile Suit Gundam) Eurobank and National Bank of Greece The National Bank of Greece (NBG; Greek: Εθνική Τράπεζα της Ελλάδος , signed the Protocol. The majority of firms elected all six annexes covering continuity of contract, price sources, payment netting, EMU-related definitions, bond options and equity derivatives. The supporting English law The system of law that has developed in England from approximately 1066 to the present. The body of English law includes legislation, Common Law, and a host of other legal norms established by Parliament, the Crown, and the judiciary. and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of law legal opinions (provided by Allen & Overy and Cravath, Swaine & Moore, respectively) are now displayed on the dedicated EMU Protocol (Greece) section of ISDA's website. The full text of the Protocol is also displayed on the website. ISDA is the global trade association representing leading participants in the privately negotiated derivatives industry. ISDA was chartered in 1985, and today has more than 500 member institutions from 40 countries on five continents. These members include most of the world's major institutions that deal in privately negotiated derivatives, as well as many of the businesses, governmental entities and other end users that rely on over-the-counter derivatives to manage efficiently the financial market risks inherent in their core economic activities. Information about ISDA and its activities is available on the association's web site, www.isda.org. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion