Live Breaking News & Updates on Derivatives Association
Stay updated with breaking news from Derivatives association. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Mediation between financial services group Nedbank and State-owned Transnet, in respect of interest rate swap transactions (swaps) between the parties that took place in December 2015 and March 2016, and which have been widely reported in the media for many years, has ended after it became apparent that there is no likelihood of resolving the matter amicably despite extensive engagements, Nedbank informs in a statement. Nedbank says it participated in the mediation process, which was a confidential, facilitated negotiation, in an attempt to resolve the dispute between the parties amicably and to avoid potentially drawn-out and costly litigation, for both parties, over transactions which Transnet regards as tainted by corruption. ....
The International Swaps and Derivatives Association (ISDA) has backed plans by Hong Kong regulators to implement new data reporting requirements later than regional counterparts, saying it gives time for over-the-counter derivatives users to prepare for the changes ....