Page 13 - 期货和衍生品行业监管动态（2025年7月）

期货和衍生品行业监管动态

opinions for 90 jurisdictions around the world. By allowing counterparties to reduce

their obligations to a single net payment due from one party to another, netting

significantly reduces credit risk. As of the end of 2024, the global gross market value

of derivatives contracts stood at $17.6 trillion, whereas the gross credit exposure,

which adjusts gross market values for legally enforceable bilateral netting agreements,

amounted to $3.0 trillion, according to data from the Bank for International

Settlements.

In addition to SAMA’s regulations, the Saudi Capital Market Authority (CMA)

has published draft netting regulations that are closely aligned with SAMA’s rules,

which will cover other financial market participants, including asset managers and

infrastructure providers. The ISDA netting opinions will be extended to cover the

CMA rules when they are finalized.

The ISDA Master Agreement netting opinion is available here.

The ISDA/IIFM Tahawwut Master Agreement netting opinion is available here.

https://www.isda.org/2025/06/30/isda-publishes-saudi-arabia-netting-opinions/

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