Paper Series VIII – Netting

Abstract

With the increasing sophistication of the global financial markets, comes the need for domestic financial markets to develop their architecture and infrastructures to support requisite advancement as well as align with international standards, thus the enactment of new companies’ legislation and other financial legislation that will position Nigeria and its capital markets at par with its international counterparts. This paper examines the provisions of the Act on Netting and the enforceability of netting agreements and other qualified financial contracts.