Mark:  Per our conversation, I understand that the Canadian company has a number of  outstanding OTC FX transactions with one or more counterparties. Each of  those transactions should be documented by a confirmation which confirms the  economic terms of each deal. Each confirmation must be subject to (1) an  existing type of master agreement (such as the ISDA, IFEMA, FEOMA), (2) a  "deemed" version of such an agreement or (3) "terms and conditions" appearing  in the confirmation itself. It is quite likely that in any of these three  types of confirmations, there are provisions for assignment of trades, credit  event upon merger, material adverse change, additonal events of default or  termination, etc. which may be triggered by the pending acquisiton of the  Canadian company. Further, there may be credit issues associated with the  transactions and/or master agreements (in the form of specific credit  provisions in a confirmation or a credit annex to the master agreement). As  a result, a party attempting to "step into the shoes of the Canadian company"  must review the existing documents, subject to any confidentiality  restrictions, in order to evaluate the positions and risks associated with  assuming those positions. Thus, we need to conduct a thorough due diligence of the financial trading  positions of the Canadian company. Please let me know if you have any  questions. Sara 
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Project Crane
Mark: Per vår konversation, Jag förstår att det kanadensiska företaget har ett antal utestående OTC FX transaktioner med en eller flera motparter. Var och en av dessa transaktioner bör dokumenteras genom en bekräftelse som bekräftar de ekonomiska villkoren för varje transaktion. Varje bekräftelse måste vara föremål för (1) en befintlig typ av ramavtal (såsom ISDA, IFEMA, FEOMA), (2) en "efterfrågad" version av ett sådant avtal eller (3) "villkor" som anges i själva bekräftelsen. Det är ganska troligt att det i någon av dessa tre typer av bekräftelser finns bestämmelser för tilldelning av handel, kredithändelse vid fusion, väsentlig negativ förändring, additonala händelser av fallissemang eller uppsägning, etc. som kan utlösas av det kanadensiska företagets pågående regelverk. Dessutom kan det finnas kreditfrågor i samband med transaktionerna och/eller ramavtalen (i form av särskilda kreditbestämmelser i en bekräftelse eller en kreditbilaga till ramavtalet). Följaktligen måste en part som försöker "ingripa i det kanadensiska företagets skor" granska de befintliga handlingarna, med förbehåll för eventuella sekretessbegränsningar, för att bedöma de ståndpunkter och risker som är förknippade med att inta dessa positioner. Därför måste vi göra en noggrann due diligence av det kanadensiska företagets finansiella handelspositioner. Säg till om du har några frågor. Sara Föreslå en ämnesrad för detta e-postmeddelande?
Mark: Per our conversation, I understand that the Canadian company has a number of outstanding OTC FX transactions with one or more counterparties. Each of these transactions should be documented by a confirmation confirming the economic conditions of each transaction. Each confirmation must be subject to (1) an existing type of framework agreement (such as ISDA, IFEMA, FEOMA), (2) a "requested" version of such an agreement or (3) "conditions" specified in the confirmation itself. It is quite likely that in any of these three types of confirmations there are provisions for the allocation of trading, credit event in case of merger, material negative change, additional events of default or termination, etc. which may be triggered by the ongoing regulatory framework of the Canadian company. In addition, there may be credit issues in connection with the transactions and/or framework agreements (in the form of specific credit provisions in a confirmation or a credit annex to the framework agreement). Consequently, a party seeking to "interrupt in Canadian company shoes" must review the existing documents, subject to any confidentiality restrictions, in order to assess the positions and risks associated with taking these positions. Therefore, we must make a careful due diligence of the financial trading positions of the Canadian company. Let me know if you have any questions. Sara Suggest a topic line for this email?
Projektkran
Project crane