As the spread of coronavirus (Covid-19) continues, we look at some of the legal issues to consider in the derivatives and structured products markets.
In the over-the-counter (OTC) derivatives market, actions taken by local authorities in response to the spread of Covid-19 may have an impact on the payment, settlement and pricing of over-the-counter derivatives transactions. Government intervention or actions may also cause an unscheduled bank holiday or an exchange, price source or settlement disruption, or may prevent parties from performing entirely, and it could be that ‘force majeure’ territory will be entered. For OTC deriva
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