INSIGHTS

How has the FMA changed the out-and-out cession of uncertificated securities?

Historically, if one wanted to use securities as a way of securing an obligation (for instance, using securities as collateral to secure...

What is the ISDA® Set-off Provision?

The standard set-off provision can be found in clause 6(f) of the 2002 ISDA® Master Agreement. Set-off is used in the final settlement...

How do you categorise & treat sub-funds or accounts of funds under the Joint Standard in SA?

The Joint Standard 2 of 2020 Margin Requirements for non-centrally cleared OTC Derivative Transactions (‘the Margin Rules’) apply to a...

An Overview of the ‘Collateral Arrangement’ Amendment in the Taxation Laws Act

On 1 January 2023 an amendment to the 'collateral arrangement' definition was brought into effect. The impact of this amendment is that...

7 Steps To Take Ahead of USD LIBOR Cessation (June 2023)

Stop creating new USD LIBOR contracts as soon as possible. Identify existing contracts that reference USD LIBOR (early identification is...