• Bankruptcy of a Dealer - An Overview of Derivatives Issues
  • November 2, 2008
  • Law Firm: Kramer Levin Naftalis & Frankel LLP - New York Office
  • This alert describes issues to consider when a derivatives dealer counterparty becomes insolvent.We address below issues involving termination of a master agreement, close-out netting of underlying trades and collateral. Even though this alert focuses on the bankruptcy of a dealer, many of the issues would also arise in connection with the bankruptcy of most non-dealer counterparties.