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Hi there! A quick refresher course for me with respect to French derivatives trading (not a bank). In transacting with a French corporate, should we request articles and bylaws for capacity and ALSO a due authorization opinion? I think that this is correct. However, if we are transacting with an "S.A.", we should NOT request articles and bylaws but only the due authorization opinion. My notes on these items are confusing. Could you please respond in the morning? Thanks. Sara p.s. We are currently operating under the "one Transaction rule" with French non-bank entities in order to avoid the netting problem.
Financial Trading - FRANCE