The recent enactment of the Insolvency Act 2009 is a major development for Mauritius International Financial Centre as it provides for the legal enforceability of "netting" for financial instruments such as derivatives.
The new legal framework will facilitate the settlement of transactions on derivative products, namely, interest rate swaps, currency swaps and currency options, and allow us, for instance, to implement standard international legal documentation such as ISDA agreements.
At HSBC we believe that this recent development presents opportunities that can benefit our clients. You will have the oppotunity to listen to our guest speaker, Mr Iqbal Rajahballee, renowned counsel from BLC Chambers, who will be able to enlighten us on the recent legal developments. The seminar will also aim to show the relevance of derivatives and structured products in today's market environment.
The new legal framework will facilitate the settlement of transactions on derivative products, namely, interest rate swaps, currency swaps and currency options, and allow us, for instance, to implement standard international legal documentation such as ISDA agreements.
At HSBC we believe that this recent development presents opportunities that can benefit our clients. You will have the oppotunity to listen to our guest speaker, Mr Iqbal Rajahballee, renowned counsel from BLC Chambers, who will be able to enlighten us on the recent legal developments. The seminar will also aim to show the relevance of derivatives and structured products in today's market environment.
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