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适用国际互换与衍生品协会的衍生品交易净额结算条款和信用支持合约,可以斩断法律风险可能引发的信用风险危机。美国《破产法》的安全港规则确立了净额债权及其担保权益的法律效力。我国应当借鉴国际互换与衍生品协会和美国《破产法》的先进经验,构建适合我国国情的OTC衍生品交易信用风险隔离机制。
Applying the International Exchange and Derivatives Association’s derivatives settlement terms and credit support contracts, it is possible to cut off the credit risk crisis that may arise from legal risks. The Safe Harbor Rules of the U.S. Bankruptcy Law have established the legal effect of net claims and their security interests. China should learn from the advanced experience of the International Exchange and Derivatives Association and the Bankruptcy Law in the United States and build a credit risk isolation mechanism for OTC derivatives trade that suits our national conditions.