Financial Markets Contracts

Repurchase agreements, swap agreements, commodity contracts, forward contracts, and securities contracts (defined in Section 741) that are treated more favorably than most other executory contracts under the Code on the theory that the financial markets would be unduly disrupted absent such favorable treatment. For example, certain types of setoff under such contracts may be accomplished without seeking relief from the automatic stay.

Bankruptcy Code ยงยง 101(25), 101(47), 101(53B), 362(b)(6), 362(b)(7), 362(b)(17), 559-562, 741(7). See also Automatic Stay, Executory Contract, Setoff.

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