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ISDA supports OBA proposal on cash collateral priority

  • Stikeman Elliott LLP
  • -
  • Canada, Global
  • -
  • May 14 2012

Last week, the International Swaps and Derivatives Association released a letter it submitted to the Ontario government in support of the Ontario Bar Association's proposal to provide an automatic first priority ranking to financial institutions that have a security interest in cash in financial accounts perfected by control