Nullity of derivative contracts - Corte d'Appello di Venezia, Sezione Prima Civile (President Alessandro Rizzieri) 09/09/2024 The report states that "... on the subject of derivatives of local authorities, the flow contract not limited to interest but extended to the capital is extraneous to the plain vanilla type ..." For the Court "... the clause contained in a framework contract relating to OTC swap transactions is not determinative of the mark-to-market ..." On the subject of OTC derivatives "... the forward curve relates to the trend in the interest rates of the original debt on the basis of a future projection of the trend in the value of the rates, and…
Egregio collega,
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