Legal Opinions




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This page hosts all legal opinions related to the: Master Repurchase Agreement (MRA); Master Securities Loan Agreement (MSLA); and Master Securities Forward Transaction Agreement (MSFTA).

Five opinions on the enforceability and netting provisions of the Master Repurchase Agreement (MRA) from counsel in the Cayman Islands, Bermuda, British Virgin Islands and the U.S.

Netting Opinion (Feb 2021)
Redline Comparison: MRA Netting Opinion 2019 vs. 2021
U.S. Netting Opinion (August 2019)
Redline Comparison: MRA Netting Opinion 2017 vs. 2019
U.S. Enforceability Opinion (August 2019)
Enforceability Opinion (Feb 2021)
Redline Comparison: MRA Enforceability Opinion 2017 vs. 2019
England (Sept 2017)
British Virgin Islands (July 2017)
France (March 2015)
U.S. Netting Opinion (May 2013)
Bermuda (November 2016)
Cayman Islands (October 2014) – 2016 Opinion Update