Quebec Cash Collateral Update

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The Quebec National Assembly passed, on November 30, 2011, an "Act to amend various legislative provisions mainly concerning the financial sector".

Canada Finance and Banking

The Quebec National Assembly passed, on November 30, 2011, an Act to amend various legislative provisions mainly concerning the financial sector. As part of that Act, amendments were made to the Derivatives Act (Quebec) in respect of the use of set-off related to cash posted as credit support. We discussed the proposed amendments in a prior post. The provisions are now in force.

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Quebec Cash Collateral Update

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Finance and Banking

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Canada