Liquidación y compensación anticipada de derivados OTC en casos de insolvencia: análisis económico y jurídico del artículo 74 de la Ley 1328 de 2009.

The increasing importance of OTC (Over The Counter) or tailor made derivatives, makes it necessary to undertake an analysis of Colombian legislation in this area. The current financial reform regulates the compensation and liquidation of these instruments which are intended to encourage the devel...

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Bibliographic Details
Main Author: Remolina León, Nydia
Format: Article
Language:Spanish
Published: Pontificia Universidad Javierana 2009
Subjects:
Compensation (Law)
Dérivés financiers
contrats
aspects juridiques
indemnisation judiciaire
derivados financieros
contratos-aspectos jurídicos
indemnización judicial
Derivative Securities
Contracts-legal Aspects
Online Access:http://dialnet.unirioja.es/servlet/oaiart?codigo=3628204
Source:Revista de la Maestria en Derecho Económico, ISSN 1692-3103, Nº. 5, 2009, pags. 365-396
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Liquidación y compensación anticipada de derivados OTC en casos de insolvencia: análisis económico y jurídico del artículo 74 de la Ley 1328 de 2009.
Summary: The increasing importance of OTC (Over The Counter) or tailor made derivatives, makes it necessary to undertake an analysis of Colombian legislation in this area. The current financial reform regulates the compensation and liquidation of these instruments which are intended to encourage the development of this market. However, a legal review of article 74 of Act 1328, 2009, joined with an observation made based on an economic analysis perspective of contract law, will provide alternatives to introduce more efficient and effective legal instruments that will hopefully incentive agents to use OTC derivatives as instruments for speculation or hedging.

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