Publication Type
Journal Article
Version
publishedVersion
Publication Date
11-2009
Abstract
The increasing importance of OTC (Over The Counter) or tailor-made derivatives, makes it necessary to analyse Colombian legislation in this area. The current financial reform regulates the compensation and liquidation of these instruments intended to encourage the development of this market. However, a legal review of article 74 of Act 1328, 2009, joined with an observation made based on an economic analysis perspective of contract law, will provide alternatives to introduce more efficient and effective legal instruments that will hopefully incentive agents to use OTC derivatives as instruments for speculation or hedging.
Keywords
OTC Derivatives, Closed-out Netting, Clearing and Settlement, Law and Economics, Bankruptcy
Discipline
Law and Economics
Publication
Revista De La Maestría En Derecho Económico, 5(5), 365–396
Volume
5
Issue
5
First Page
365
Last Page
396
Citation
REMOLINA LEON, Nydia.
Early liquidation and compensation of OTC derivatives in bankruptcy cases: Law and economic analysis of Article 74 of the Law 1328 of 2009. (2009). Revista De La Maestría En Derecho Económico, 5(5), 365–396. 5, (5), 365-396.
Available at: https://ink.library.smu.edu.sg/sol_research/4609
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
