Please enable JavaScript, then refresh this page. JavaScript is required on this site.

Publications

AFG Supports New ISDA French Law Documentation

February 2019

The endorsement of Europe's largest asset management association should promote use of the new 2002 ISDA Master Agreement (French law) on the European OTC derivatives market.

AFG (Association Française de la Gestion financière), the largest asset management association in continental Europe, recently issued a notice to its members in support of the International Swaps and Derivatives Association's ("ISDA") new 2002 Master Agreement (French law) and related Credit Support Annexes (French law).

AFG's notice formally recommends that all its members immediately start using the new ISDA Master Agreement, to ensure that banks and their counterparties entering into derivatives transactions benefit from the new contractual tools that the Master Agreement offers.

This endorsement from the AFG is a major step from the buy side in helping to develop widespread adoption of the new ISDA French law documentation. It comes at a time when market participants confirm that major banks and corporate issuers in Europe are increasingly executing the new ISDA Master Agreement (French law).

Jones Day, as French counsel for ISDA, issued the French law legal opinions confirming the validity and enforceability of the provisions of the 2002 ISDA Master Agreement (French law) and the related Credit Support Annexes (French law).

Lawyer Contacts

For further information, please contact your principal Firm representative or the lawyers listed below. General email messages may be sent using our "Contact Us" form, which can be found at www.jonesday.com/contactus/.

Alban Caillemer du Ferrage
Paris
+33.1.56.59.38.18
acf@jonesday.com

Qian Hu
Paris
+33.1.56.59.38.37
qianhu@jonesday.com

Jones Day publications should not be construed as legal advice on any specific facts or circumstances. The contents are intended for general information purposes only and may not be quoted or referred to in any other publication or proceeding without the prior written consent of the Firm, to be given or withheld at our discretion. To request reprint permission for any of our publications, please use our "Contact Us" form, which can be found on our website at www.jonesday.com. The mailing of this publication is not intended to create, and receipt of it does not constitute, an attorney-client relationship. The views set forth herein are the personal views of the authors and do not necessarily reflect those of the Firm.