Legal Opinions
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). You will be prompted to enter your member login.
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Master Repurchase Agreement (MRA) Legal Opinions
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.
- U.S. Netting Opinion (Apr 2022)
- Redline Comparison: MRA Netting Opinion 2021 vs. 2022
- Netting Opinion (Feb 2021)
- U.S. Enforceability Opinion (Apr 2022)
- Redline Comparison: MRA Enforceability Opinion 2021 vs. 2022
- U.S. Enforceability Opinion (Feb 2021)
- 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
Master Securities Loan Agreement (MSLA) Legal Opinions
Netting and general enforceability for the Master Securities Loan Agreement (MSLA) under U.S. law.
- U.S. Netting Opinion (Apr 2022)
- Redline Comparison: MSLA Netting Opinion 2021 vs. 2022
- U.S. Netting Opinion (Feb 2021)
- U.S. Enforceability Opinion (Apr 2022)
- Redline Comparison: MSLA Enforceability Opinion 2021 vs. 2022
- U.S. Enforceability Opinion (Feb 2021)
- French Opinion (August 2015)
- U.S. Netting Opinion (May 2013)
Master Securities Forward Transaction Agreement (MSFTA) Legal Opinions
Netting and general enforceability opinions for the Master Securities Forward Transaction Agreement (MSFTA).
- Netting Opinion (Apr 2022)
- Redline Comparison: MSFTA Netting Opinions 2021 vs. 2022
- Netting Opinion (Feb 2021)
- Enforceability Opinion (Apr 2022)
- Redline Comparison: MSFTA Enforceability Opinion 2021 vs. 2022
- Enforceability Opinion (Feb 2021)
- French Opinion (August 2015)
- Netting Opinion covering both the 1996 MSFTA and the 2012 MSFTA (May 2013)