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Master Netting Agreement
Need a Danish law Master Netting Agreement for our investment bank's derivatives trading operations with Nordic institutional clients, including specific provisions for automated trading platforms and cryptocurrency transactions, to be implemented by March 2025.
1. Parties: Identification of the contracting parties and their legal status
2. Background: Context of the agreement and relationship between the parties
3. Definitions and Interpretation: Comprehensive definitions of terms used throughout the agreement and interpretation rules
4. Scope of Agreement: Types of transactions covered and specification of existing agreements being netted
5. Single Agreement: Provision establishing that all transactions form a single agreement for netting purposes
6. Payments and Deliveries: Mechanics for settlement of obligations under covered transactions
7. Events of Default: Comprehensive list of default triggers and their consequences
8. Early Termination: Procedures and mechanisms for early termination of transactions
9. Close-out Netting: Detailed methodology for calculating termination amounts and netting procedures
10. Set-off Rights: Rights to set off amounts owed between parties
11. Representations and Warranties: Standard and specific representations by both parties
12. Governing Law and Jurisdiction: Choice of Danish law and jurisdiction provisions
13. Notices: Communication procedures and contact details
14. Miscellaneous: Standard boilerplate provisions including amendments, waivers, and severability
1. Multi-branch Provisions: Include when parties operate through multiple offices or branches
2. Tax Provisions: Include when specific tax considerations need to be addressed
3. Credit Support Arrangements: Include when parties require collateral or other credit support
4. Special Entity Provisions: Include when one party is a special entity (e.g., pension fund, municipality)
5. Electronic Trading Provisions: Include when parties engage in electronic trading
6. Force Majeure: Include when specific force majeure provisions are required beyond standard defaults
7. Additional Termination Events: Include when parties need specific termination triggers beyond standard events of default
1. Schedule 1 - Transaction Types: List and specifications of covered transaction types
2. Schedule 2 - Existing Transactions: Inventory of existing transactions being brought under the agreement
3. Schedule 3 - Party Details: Detailed information about parties, including notice details and account information
4. Schedule 4 - Credit Support Terms: Specific terms for any credit support arrangements
5. Appendix A - Form of Confirmation: Standard form for transaction confirmations
6. Appendix B - Branch Offices: List of authorized branches and offices if multi-branch provisions apply
7. Appendix C - Calculation Method: Detailed methodology for close-out calculations
8. Appendix D - Legal Opinions: Required legal opinions confirming enforceability
Authors
Affiliate
Agreement
Automatic Early Termination
Business Day
Calculation Agent
Calculation Date
Close-out Amount
Confirmation
Credit Support Document
Credit Support Provider
Default Rate
Defaulting Party
Early Termination Amount
Early Termination Date
Event of Default
Force Majeure Event
Governing Law
Insolvency Event
Local Business Day
Market Quotation
Non-defaulting Party
Notice of Early Termination
Obligations
Office
Potential Event of Default
Reference Market-makers
Relevant Jurisdiction
Scheduled Payment Date
Specified Condition
Specified Entity
Specified Indebtedness
Specified Transaction
Stamp Tax
Tax
Termination Currency
Termination Currency Equivalent
Termination Event
Threshold Amount
Transaction
Waiting Period
Cross Default
Credit Event Upon Merger
Loss
Market Value
Netting Set
Payment Date
Settlement Amount
Trade Date
Transfer
Valuation Date
Value Date
Danish Business Day
Danish Financial Institution
Danish Insolvency Event
EU Regulation
Relevant Danish Authority
Single Agreement
Netting
Payment Obligations
Close-out Netting
Set-off
Events of Default
Early Termination
Calculation and Payment
Representations and Warranties
Covenants
Credit Support
Transfer
Contractual Currency
Interest and Compensation
Expenses
Notice Requirements
Governing Law
Jurisdiction
Process Agent
No Waiver
Remedies
Recording of Communications
Severability
Counterparts
Amendments
Third Party Rights
Confidentiality
Data Protection
Force Majeure
Assignment
Entire Agreement
Regulatory Compliance
Tax Representations
Default Interest
Termination Currency
Payment Netting
Cross-Default
Market Disruption
Electronic Confirmations
Financial Services
Banking
Insurance
Investment Management
Energy Trading
Commodities Trading
Asset Management
Treasury Services
Pension Fund Management
Securities Trading
Corporate Finance
Legal
Trading Operations
Risk Management
Compliance
Treasury
Finance
Credit Risk
Documentation
Regulatory Affairs
Trading Floor
Derivatives Operations
Transaction Management
Chief Legal Officer
Head of Trading
Risk Manager
Compliance Officer
Treasury Manager
Legal Counsel
Financial Controller
Chief Financial Officer
Trading Operations Manager
Regulatory Compliance Manager
Senior Credit Risk Officer
Documentation Manager
Head of Derivatives Trading
General Counsel
Senior Trading Operations Analyst
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