lawyers have called for close-out netting provisions in
Indias over-the-counter (OTC) derivatives
Partners associate, Sayak Maity told IFLR that legal certainty
was needed on the netting of counterparties exposures in
bankruptcy legislation for Indias private sector and
government entities had created ambiguity and increased risk
when dealing with government organisations and state-owned
banks, he said.
netting legislation or amendments to bankruptcy laws would
address market uncertainties, and foster market growth, said an
Asia-based fixed income derivatives bankers
Enforcing close-out netting...