Korean Government Passes Netting Law

The Korean National Assembly has passed provisions spelling out netting in financial contracts that is expected to give greater certainty to market participants entering derivatives.

  • 11 Mar 2005
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The Korean National Assembly has passed provisions spelling out netting in financial contracts that is expected to give greater certainty to market participants entering derivatives. The act, called the Law Concerning Debt Rehabilitation and Bankruptcy, consolidates existing bankruptcy laws and for the first time addresses netting, according to Joon Park, partner at law firm Kim and Chang, which worked closely with the government on the provisions.

Derivatives houses can now rely on specific provisions rather than legal opinions and Park thinks could lead to foreign houses increasing their risk limits to Korea. The bankruptcy law is expected to be promulgated in the next few weeks and will go into effect a year later.

  • 11 Mar 2005

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 358,996.09 1352 9.05%
2 JPMorgan 321,264.04 1464 8.10%
3 Bank of America Merrill Lynch 318,428.16 1105 8.03%
4 Goldman Sachs 237,263.73 791 5.98%
5 Barclays 231,619.97 897 5.84%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 35,007.57 165 6.53%
2 Deutsche Bank 34,880.53 120 6.51%
3 Bank of America Merrill Lynch 31,805.65 97 5.93%
4 BNP Paribas 27,920.60 169 5.21%
5 SG Corporate & Investment Banking 24,398.89 138 4.55%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 19,745.92 80 8.85%
2 Morgan Stanley 16,334.63 83 7.32%
3 Citi 15,972.34 95 7.16%
4 UBS 15,487.17 60 6.94%
5 Goldman Sachs 14,053.61 76 6.30%