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한국법학회 법학연구 法學硏究 第21輯
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    초록·키워드

    As Korea join BIS & OECD, Money flow range will extend. Therefore, Because the increasing international business parts lead to increase exchange rate risk in foreign exchange market, Government, Bank, Enterprise should efficiently manage the risk.
    The facts that risk averter & risk taker participate in Derivatives Markets make efficiently manage the risk market, While the facts make a firm company (For example, UK Barings) into bankruptcy in short time.
    Features of Swap, is complex and has large volume in international money trade, close to netting of validity & current account, but isn't bet. Local self-government hasn't right to trade dealer.
    When Party's events of default and other early termination due day make a deal finished, if confirmation of demage and account method are not specially written in schedule, they are requested to be accounted as market quotation and to be the second way in payment maner for considering netting effect. Even though it is not detaily described in obligation, debtors can confront to creditors by article of netting in the civil law.
    So close-out netting is effective and in order to complete the part which could not be occupied, close-out netting need collateral pledge and personal security, it is generally used rather than collateral security.

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      UCI(KEPA) : I410-ECN-0101-2009-360-017573237