Cash Collateral – Proposed Amendments to the Ontario and Alberta PPSAs
At its Canada Legal and Regulatory Committee meeting on February 11, 2010, the International Swaps and Derivatives Association, Inc. (“ISDA”) announced that it would continue to seek legislative...
View ArticleUS Court Ruling Raises Questions about Swap Priorities in Securitization...
The recent US Bankruptcy Court ruling in Lehman Brothers Special Financing Inc. v. BNY Corporate Trustee Services Ltd. has called into question the enforceability of a common provision used in...
View ArticleInterest Rate Hedging Agreements Linked to Credit Agreements
We often see banks requiring their borrowers to enter into interest rate hedge agreements in conjunction with their credit agreements. There are a number of reasons why borrowers should take care to...
View ArticleOSFI Publishes Advisory Regarding Ownership Interests in Commodities Taken by...
In response to inquiries from federally regulated financial institutions (“FRFIs”), the Office of the Superintendent of Financial Institutions (“OSFI”) has published Advisory 2013-01, Business and...
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