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Derivatives

"I, therefore, propose to take measures to provide for clear legal validity of [over-the-counter] contracts."

--P. Chidambaram, India's minister of finance, declaring in last week's budget speech he would work with the International Swaps and Derivatives Association to strengthen the status of OTC derivatives in India.

"I, therefore, propose to take measures to provide for clear legal validity of [over-the-counter] contracts."--P. Chidambaram, India's minister of finance, declaring in last week's budget speech he would work with the International Swaps and Derivatives Association to strengthen the status of OTC derivatives in India.

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