24.06. 2011 Ministarstvo financija Republike Hrvatske mr.sc ... - ISDA

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DODATAK DČlanak 353. Zakona o kreditnim institucijama (Narodne novine 117/08, 74/09, 153/09):“Ugovor o prijeboju i ugovor o netiranjuČlanak 353.Tijekom provoĎenja reorganizacijske mjere ili otvaranja likvidacijskoga, odnosno stečajnogpostupka nad kreditnom institucijom iz Republike Hrvatske ili druge drţave članice zaugovore o prijeboju i ugovore o netiranju mjerodavno je pravo koje se primjenjuje na takveugovore.”DODATAK EČlanak 376. Zakona o kreditnim institutcijama (Narodne novine 117/08, 74/09, 153/09):“Stupanje na snaguČlanak 376.Ovaj Zakon objavit će se u »Narodnim novinama«, a stupa na snagu 1. siječnja 2009., osimodredbi članka 36. stavka 4., članka 56. točke 2., članka 72. do 78., članka 81. do 86., članka92., članka 127. stavka 3. do 6., članka 158. stavka 2. točke 3., članka 160. stavka 3., članka209. do 217., članka 219., članka 220., članka 222., članka 227., članka 228. stavka 1. točke2., članka 282. stavka 4. i 5., članka 285., članka 286. stavka 6., članka 287. do 291., članka293. do 294., članka 296. stavka 4., članka 298., članka 300., članka 301. stavka 2., članka303. i članka 331. do 359. ovoga Zakona koje stupanju na snagu na dan prijamaRepublike Hrvatske u Europsku uniju.”
Ministry of Finance of Republic of Croatiamr.sc. Martina DalićMinister of Finance of the Republic of CroatiaKatančićeva 5HR – 10 000 ZagrebRepublic of CroatiaEmail: kabinet@mfin.hrBy e-mail and courierJune 24, 2011Support for reform of netting and collateral legislation in CroatiaDear Mrs Dalić,The International Swaps and Derivatives Association, Inc. (ISDA) is the largest globalfinancial trade association, by number of member firms. Our membership includes more than830 of the world’s major commercial, merchant and investment banks, corporations,government entities and other institutions. ISDA was chartered in 1985 and today representsinstitutions from 58 countries on five continents. Its members are the leading participants inprivately negotiated, or over-the-counter (OTC), derivatives industry. More than half of thetotal membership is based in the European Union and neighbouring countries and asignificant portion of the rest comprises participants active in the European financial marketsas dealers, service providers or end users of derivatives. The OTC derivatives industryincludes interest rate, currency, commodity, credit and equity swaps, options and forwards,and related products such as caps, collars, floors and swaptions. The most commonly enteredinto OTC derivatives transactions are described in Appendix A to this letter. 1ISDA cooperates closely with regulators around the world since one of ISDA’s core missionsis promoting legal certainty for cross-border OTC derivatives transactions through lawreform.ISDA is committed to promoting the development of sound risk management practices in theinternational financial markets. The markets are relying on the adequate legal and regulatorytreatment of over-the-counter (OTC) derivatives transactions. ISDA is keen to offer allpossible assistance to the Croatian Ministry of Finance, Croatian National Bank and Croatianmarket participants with regard to improving the current legal framework for derivatives inthe Republic of Croatia. Such an initiative is in line with ISDA’s mission to facilitatestatutory support for OTC derivatives, the legal enforceability of standard market OTCderivatives documentation such as the ISDA Master Agreement and Credit SupportDocuments and thereby foster greater harmonization of international and European standardsin order to cope with difficult market conditions.The primary purpose of OTC derivatives is hedging of various exposures and sound riskmanagement practices. Not only commercial entities like financial institutions and corporates1 The attached list is regulary updated and amended by ISDA according to the development of financial markets and it does notcontain all possible types of OTC – derivatives. Therefore, the attached list has not been translated into Croatian lanuage but israther atteched in its original version in English.International Swaps and Derivatives Association, Inc.One Bishops SquareLondon E1 6AD, United KingdomP 44 (0) 20 3088 3550 F 44 (0) 20 3088 3555www.isda.orgNEW YORKLONDONHONG KONGTOKYOWASHINGTONBRUSSELSSINGAPORE
Page 4 and 5: osiguranju (novac, vrijednosni papi
Page 6 and 7: Mnoge zemlje čiji pravni sustavi n
Page 8 and 9: Saţimajući opisanu problematiku,
Page 10 and 11: pravo koje se primjenjuje, zapravo,
Page 12 and 13: DODATAK AODREĐENE TRANSAKCIJE TEME
Page 14 and 15: also be physically settled by payme
Page 16 and 17: Reference Fund or ii) a basket of F
Page 18 and 19: DODATAK BČlanak 111. Stečajnog za
Page 22 and 23: use those tools for such purposes,
Page 24 and 25: The combination of the above benefi
Page 26 and 27: period from 1996 to 2008 this was t
Page 28 and 29: The discrepancies outlined above ma
Page 30 and 31: APPENDIX ACERTAIN TRANSACTIONS UNDE
Page 32 and 33: more) of Reference Entities or may
Page 34 and 35: Fund Forward Transaction: A transac
Page 36 and 37: APPENDIX BArticle 111 of the Bankru
Page 38 and 39: APPENDIX DArticle 353 of the Credit

24.06. 2011 Ministarstvo financija Republike Hrvatske mr.sc ... - ISDA

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