23 January 2010

Allen & Overy netalytics

netalytics is an online legal risk management resource covering the validity and enforceability of the early termination and close-out netting provisions of the ISDA Master Agreements. Developed by Derivative Services LLP (an affiliate of Allen & Overy) as a joint venture with the International Swaps and Derivatives Association ("ISDA"), netalytics is available to ISDA members who subscribe.

netalytics looks at 14 key issues (colour-coded adopting a "traffic light system") standardised across more than 45 jurisdictions to help decide whether a transaction with a particular counterparty is eligible for close-out netting. netalytics also enables users to conduct cross-jurisdictional comparative analyses so that answers to one or more of the key issues can be compared across multiple jurisdictions. In addition, netalytics contains all the ISDA netting opinions as well as relevant netting legislation.

Benefits:
  • Helps to ensure that a consistent approach to netting across jurisdictions is adopted, reducing credit and legal risk
  • Saves time and money spent on outside counsel or on in-house resources previously devoted to netting analysis
  • Is available to all subscriber offices, regardless of time or location
  • Reduces credit risk and consequently allows more effective allocation of capital
  • Easy and intuitive to use website

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