Open AccessCloseout Netting in Russia: The Concept, Meaning and Implementation Procedure
Author(s) -
Artem L. Komolov
Publication year - 2020
Publication title -
finansovoe pravo
Language(s) - English
Resource type - Journals
ISSN - 1813-1220
DOI - 10.18572/1813-1220-2020-11-34-37
Subject(s) - netting , meaning (existential) , derivative (finance) , business , financial stability , derivatives market , economics , commerce , actuarial science , finance , financial system , epistemology , philosophy , futures contract
The article deals with the concept of close-out netting, its role and significance for the stability of the financial market and minimizing the risks of participants in derivatives transactions. The author conducts a research of the procedure for implementing close-out netting based on the provisions of the Model Provisions for derivative transactions on the financial markets as of 2011, the results of which can be used in practice.