New rules for Polish options
WARSAW - Poland's government has stepped in to tighten laws on foreign exchange options, enabling the termination of some of the contracts that have caused large losses for counterparties.
Poland's minister of economy, Waldemar Pawlak, last Tuesday (February 10) presented proposals to the council of ministers that would enable companies to withdraw from 'asymmetric' FX options contracts entered into since November 1, 2007. They include the provision of the statutory annulment of contracts if a
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