China is establishing an independent derivatives market that supports its unique economic model. It has forged ahead on this path over the past 12 months, albeit sometimes at its own expense. But one area in which China could follow international best practice in 2010 is close-out netting.
“I think that something will happen in 2010 or the next two years to strengthen certainty on close-out netting,” says Jane Jiang of Allen & Overy.
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