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Master Netting Agreement
"Need a Master Netting Agreement between our Singapore bank and a Hong Kong-based hedge fund, covering FX derivatives and securities lending transactions, with specific provisions for multi-branch operations."
1. Parties: Identification and details of the contracting parties
2. Background: Context and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Scope of Agreement: Covered transactions and arrangements
5. Netting Provisions: Core netting mechanisms and calculations
6. Events of Default: Triggers for early termination and netting
7. Close-out Procedures: Process for termination and settlement
1. Credit Support Arrangements: Provisions for collateral arrangements when parties agree to provide security
2. Cross-Border Provisions: Special provisions applicable when parties are in different jurisdictions
3. Multiple Branch Provisions: Specific provisions for dealing with entities having multiple branches or offices
1. Schedule 1 - Covered Transactions: List of transaction types covered by the agreement
2. Schedule 2 - Calculation Methods: Detailed methodology for netting calculations
3. Schedule 3 - Form of Notices: Standard forms for various notices under the agreement
4. Appendix A - Contact Details: Contact information for notices and communications
5. Appendix B - Eligible Collateral: List of acceptable forms of collateral and their valuation methods
Authors
Applicable Law
Business Day
Close-out Amount
Close-out Date
Counterparty
Credit Support
Default Interest
Early Termination
Early Termination Amount
Early Termination Date
Event of Default
Governing Law
Interest Period
Master Agreement
Netting
Netting Date
Notices
Obligations
Party A
Party B
Payment Date
Potential Event of Default
Representative
Set-off Rights
Settlement Amount
Singapore Business Day
Specified Transaction
Termination Currency
Termination Currency Equivalent
Transaction
Transfer
Unpaid Amount
Close-out
Events of Default
Set-off Rights
Payment Obligations
Representations and Warranties
Termination Events
Settlement
Calculations
Currency Provisions
Notice Requirements
Governing Law
Dispute Resolution
Confidentiality
Assignment and Transfer
Amendments
Severability
Force Majeure
Counterparts
Credit Support Arrangements
Early Termination
Default Interest
Indemnification
Records and Documentation
Multiple Branches
Cross-Default
Tax Provisions
Jurisdiction
Entire Agreement
No Waiver
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