S&P Counterparty Risk Criteria Offers Flexibility For Derivatives

On May 31, 2012, Standard & Poor’s published Counterparty Risk Framework Methodology and Assumptions containing its requirements for managing counterparty risk relating to certain structured finance securities. It replaces its 2010 criteria. The 2012 criteria apply to all new and existing relevant transactions. Although the 2012 criteria apply to several types of transactions, this article provides a brief overview of certain provisions therein relating to derivative transactions.

  • 18 Oct 2012
By Rob Scherer, an associate at Cadwalader, Wickersham & Taft in New York.

On May 31, 2012, Standard & Poor’s published Counterparty Risk Framework Methodology and Assumptions containing its requirements for managing counterparty risk relating to certain structured finance securities. It replaces its 2010 criteria. The 2012 criteria ...

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