{"id":5820,"date":"2026-06-24T10:52:22","date_gmt":"2026-06-24T07:52:22","guid":{"rendered":"https:\/\/nykitenko-legal.com\/servicios\/trading-de-commodities-y-cumplimiento-de-derivados-isda\/"},"modified":"2026-09-07T14:54:49","modified_gmt":"2026-09-07T11:54:49","slug":"trading-de-commodities-y-cumplimiento-de-derivados-isda","status":"publish","type":"page","link":"https:\/\/nykitenko-legal.com\/es\/servicios\/trading-de-commodities-y-cumplimiento-de-derivados-isda\/","title":{"rendered":"Trading de Commodities y Cumplimiento de Derivados ISDA"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"5820\" class=\"elementor elementor-5820 elementor-5192\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-764da77c e-flex e-con-boxed e-con e-parent\" data-id=\"764da77c\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7a1bc87f elementor-align-right elementor-widget elementor-widget-breadcrumbs\" data-id=\"7a1bc87f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"breadcrumbs.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<nav aria-label=\"breadcrumbs\" class=\"rank-math-breadcrumb\"><p><span class=\"last\">Home<\/span><\/p><\/nav>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-1a63c1b5 e-con-full e-flex e-con e-child\" data-id=\"1a63c1b5\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-49d425d elementor-position-inline-start elementor-view-default elementor-mobile-position-block-start elementor-widget elementor-widget-icon-box\" data-id=\"49d425d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"62\" height=\"60\" viewBox=\"0 0 62 60\" fill=\"none\"><g clip-path=\"url(#clip0_31_689)\"><path d=\"M12.8893 38.5541L19.5615 44.5908L29.0318 29.9302\" stroke=\"#0A1A2F\" stroke-width=\"2\" stroke-linecap=\"round\"><\/path><path d=\"M13.9655 10.5263H26.8794C27.4735 10.5263 27.9556 11.0093 27.9556 11.6043V16.9942C27.9556 17.5893 27.4735 18.0722 26.8794 18.0722H13.9655C13.3714 18.0722 12.8893 17.5893 12.8893 16.9942V11.6043C12.8893 11.0093 13.3714 10.5263 13.9655 10.5263Z\" stroke=\"#0A1A2F\" stroke-width=\"2\" stroke-linecap=\"square\" stroke-linejoin=\"round\"><\/path><path d=\"M27.9549 12.6824H37.6404C38.8241 12.6824 39.7927 13.6526 39.7927 14.8384V56.88C39.7927 58.0658 38.8241 59.0359 37.6404 59.0359H3.20323C2.01945 59.0359 1.0509 58.0658 1.0509 56.88V14.8384C1.0509 13.6526 2.01945 12.6824 3.20323 12.6824H12.8887\" stroke=\"#0A1A2F\" stroke-width=\"2\" stroke-linecap=\"square\"><\/path><\/g><defs><clipPath id=\"clip0_31_689\"><rect width=\"62\" height=\"60\" fill=\"white\"><\/rect><\/clipPath><\/defs><\/svg>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<h1 class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\tCumplimiento Global en Trading de Commodities y Derivados Compensados\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h1>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3108fc14 e-con-full e-flex e-con e-child\" data-id=\"3108fc14\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1498d4dc elementor-widget elementor-widget-text-editor\" data-id=\"1498d4dc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Nykitenko Legal asesora a empresas de trading de commodities, fondos centrados en energ\u00eda, miembros compensadores y brokers sobre el marco jur\u00eddico del trading energ\u00e9tico transfronterizo y las coberturas. El trabajo abarca ISDA Master Agreements y Credit Support Annexes, documentaci\u00f3n de derivados OTC, negociaci\u00f3n compensada en ICE, CME y EEX, cuestiones de l\u00edmites de posici\u00f3n y la superposici\u00f3n regulatoria de REMIT y MiFID II en la UE, las normas de la FCA en el Reino Unido y los requisitos de la CFTC en Estados Unidos.<\/p><p>Para estructuras de trading que abarcan el Reino Unido, Suiza, Estados Unidos y el CCG, el objetivo es alinear la entidad operadora, las condiciones contractuales, los acuerdos de garant\u00edas y los procedimientos de cumplimiento antes de que un banco, broker de compensaci\u00f3n, bolsa o regulador detecte una deficiencia.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-16275dcb elementor-align-center elementor-widget elementor-widget-button\" data-id=\"16275dcb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"#elementor-action%3Aaction%3Dpopup%3Aopen%26settings%3DeyJpZCI6NDMyMywidG9nZ2xlIjpmYWxzZX0%3D\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Reservar una Consulta<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-338542c2 e-con-full e-flex e-con e-parent\" data-id=\"338542c2\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;motion_fx_motion_fx_scrolling&quot;:&quot;yes&quot;,&quot;motion_fx_devices&quot;:[&quot;desktop&quot;,&quot;tablet&quot;,&quot;mobile&quot;]}\">\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5ed1ba23 e-flex e-con-boxed e-con e-parent\" data-id=\"5ed1ba23\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-77eb0318 e-flex e-con-boxed e-con e-child\" data-id=\"77eb0318\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2f6c246a e-flex e-con-boxed e-con e-parent\" data-id=\"2f6c246a\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-3dc12c1c e-con-full e-flex e-con e-child\" data-id=\"3dc12c1c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-302c311e elementor-widget elementor-widget-heading\" data-id=\"302c311e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Cu\u00e1ndo Necesita Apoyo en Cumplimiento de Trading de Commodities y Derivados<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-74c09b72 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"74c09b72\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-400f185e elementor-widget elementor-widget-text-editor\" data-id=\"400f185e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\tEste servicio est\u00e1 dise\u00f1ado para empresas de trading de commodities, fondos centrados en energ\u00eda, gestores de private equity, miembros compensadores y brokers que operan en la UE, Reino Unido, Estados Unidos, Suiza y el CCG.\n\nPuede necesitar apoyo jur\u00eddico cuando:\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5bad6f4d e-con-full e-grid e-con e-child\" data-id=\"5bad6f4d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-1b2f3cf6 e-con-full e-flex e-con e-child\" data-id=\"1b2f3cf6\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5474eb17 elementor-position-inline-start elementor-mobile-position-inline-start elementor-view-default elementor-widget elementor-widget-icon-box\" data-id=\"5474eb17\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"38\" height=\"36\" viewBox=\"0 0 38 36\" fill=\"none\"><g clip-path=\"url(#clip0_31_618)\"><path d=\"M7.7467 23.1326L11.7569 26.7546L17.4486 17.9583\" stroke=\"#C9A977\" stroke-width=\"2\" stroke-linecap=\"round\"><\/path><path d=\"M8.3935 6.31592H16.155C16.5121 6.31592 16.8018 6.60569 16.8018 6.96272V10.1967C16.8018 10.5537 16.5121 10.8435 16.155 10.8435H8.3935C8.03647 10.8435 7.7467 10.5537 7.7467 10.1967V6.96272C7.7467 6.60569 8.03647 6.31592 8.3935 6.31592Z\" stroke=\"white\" stroke-width=\"2\" stroke-linecap=\"square\" stroke-linejoin=\"round\"><\/path><path d=\"M16.8014 7.60962H22.6225C23.334 7.60962 23.9161 8.19175 23.9161 8.90322V34.1282C23.9161 34.8396 23.334 35.4217 22.6225 35.4217H1.92518C1.21371 35.4217 0.631592 34.8396 0.631592 34.1282V8.90322C0.631592 8.19175 1.21371 7.60962 1.92518 7.60962H7.74633\" stroke=\"white\" stroke-width=\"2\" stroke-linecap=\"square\"><\/path><\/g><defs><clipPath id=\"clip0_31_618\"><rect width=\"37.2632\" height=\"36\" fill=\"white\"><\/rect><\/clipPath><\/defs><\/svg>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<p class=\"elementor-icon-box-description\">\n\t\t\t\t\t\tUna mesa de trading de la UE est\u00e1 <a href=\"https:\/\/nykitenko-legal.com\/es\/servicios\/servicios-legales-para-energia-e-infraestructura\/\">entrando en los mercados de Estados Unidos o del Golfo<\/a> y debe conciliar las obligaciones de MiFID II y REMIT con los requisitos de CFTC, Dodd-Frank y FCA.\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-1fa7e278 e-con-full e-flex e-con e-child\" data-id=\"1fa7e278\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7f063ab6 elementor-position-inline-start elementor-mobile-position-inline-start elementor-view-default elementor-widget elementor-widget-icon-box\" data-id=\"7f063ab6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"38\" height=\"36\" viewBox=\"0 0 38 36\" fill=\"none\"><g clip-path=\"url(#clip0_31_618)\"><path d=\"M7.7467 23.1326L11.7569 26.7546L17.4486 17.9583\" stroke=\"#C9A977\" stroke-width=\"2\" stroke-linecap=\"round\"><\/path><path d=\"M8.3935 6.31592H16.155C16.5121 6.31592 16.8018 6.60569 16.8018 6.96272V10.1967C16.8018 10.5537 16.5121 10.8435 16.155 10.8435H8.3935C8.03647 10.8435 7.7467 10.5537 7.7467 10.1967V6.96272C7.7467 6.60569 8.03647 6.31592 8.3935 6.31592Z\" stroke=\"white\" stroke-width=\"2\" stroke-linecap=\"square\" stroke-linejoin=\"round\"><\/path><path d=\"M16.8014 7.60962H22.6225C23.334 7.60962 23.9161 8.19175 23.9161 8.90322V34.1282C23.9161 34.8396 23.334 35.4217 22.6225 35.4217H1.92518C1.21371 35.4217 0.631592 34.8396 0.631592 34.1282V8.90322C0.631592 8.19175 1.21371 7.60962 1.92518 7.60962H7.74633\" stroke=\"white\" stroke-width=\"2\" stroke-linecap=\"square\"><\/path><\/g><defs><clipPath id=\"clip0_31_618\"><rect width=\"37.2632\" height=\"36\" fill=\"white\"><\/rect><\/clipPath><\/defs><\/svg>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<p class=\"elementor-icon-box-description\">\n\t\t\t\t\t\tSu grupo negocia derivados energ\u00e9ticos en ICE, CME o EEX a trav\u00e9s de entidades constituidas en Londres, Ginebra, Zug, Dub\u00e1i o el DMCC.\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7caf523e e-con-full e-flex e-con e-child\" data-id=\"7caf523e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-19087f2 elementor-position-inline-start elementor-mobile-position-inline-start elementor-view-default elementor-widget elementor-widget-icon-box\" data-id=\"19087f2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"38\" height=\"36\" viewBox=\"0 0 38 36\" fill=\"none\"><g clip-path=\"url(#clip0_31_618)\"><path d=\"M7.7467 23.1326L11.7569 26.7546L17.4486 17.9583\" stroke=\"#C9A977\" stroke-width=\"2\" stroke-linecap=\"round\"><\/path><path d=\"M8.3935 6.31592H16.155C16.5121 6.31592 16.8018 6.60569 16.8018 6.96272V10.1967C16.8018 10.5537 16.5121 10.8435 16.155 10.8435H8.3935C8.03647 10.8435 7.7467 10.5537 7.7467 10.1967V6.96272C7.7467 6.60569 8.03647 6.31592 8.3935 6.31592Z\" stroke=\"white\" stroke-width=\"2\" stroke-linecap=\"square\" stroke-linejoin=\"round\"><\/path><path d=\"M16.8014 7.60962H22.6225C23.334 7.60962 23.9161 8.19175 23.9161 8.90322V34.1282C23.9161 34.8396 23.334 35.4217 22.6225 35.4217H1.92518C1.21371 35.4217 0.631592 34.8396 0.631592 34.1282V8.90322C0.631592 8.19175 1.21371 7.60962 1.92518 7.60962H7.74633\" stroke=\"white\" stroke-width=\"2\" stroke-linecap=\"square\"><\/path><\/g><defs><clipPath id=\"clip0_31_618\"><rect width=\"37.2632\" height=\"36\" fill=\"white\"><\/rect><\/clipPath><\/defs><\/svg>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<p class=\"elementor-icon-box-description\">\n\t\t\t\t\t\tEst\u00e1 estableciendo una cobertura OTC y necesita un ISDA Master Agreement, Schedule y Credit Support Annex que reflejen la operaci\u00f3n, los mecanismos de garant\u00edas y la distribuci\u00f3n del riesgo de contraparte.\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7853bc02 e-con-full e-flex e-con e-child\" data-id=\"7853bc02\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4ecba335 elementor-position-inline-start elementor-mobile-position-inline-start elementor-view-default elementor-widget elementor-widget-icon-box\" data-id=\"4ecba335\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"38\" height=\"36\" viewBox=\"0 0 38 36\" fill=\"none\"><g clip-path=\"url(#clip0_31_618)\"><path d=\"M7.7467 23.1326L11.7569 26.7546L17.4486 17.9583\" stroke=\"#C9A977\" stroke-width=\"2\" stroke-linecap=\"round\"><\/path><path d=\"M8.3935 6.31592H16.155C16.5121 6.31592 16.8018 6.60569 16.8018 6.96272V10.1967C16.8018 10.5537 16.5121 10.8435 16.155 10.8435H8.3935C8.03647 10.8435 7.7467 10.5537 7.7467 10.1967V6.96272C7.7467 6.60569 8.03647 6.31592 8.3935 6.31592Z\" stroke=\"white\" stroke-width=\"2\" stroke-linecap=\"square\" stroke-linejoin=\"round\"><\/path><path d=\"M16.8014 7.60962H22.6225C23.334 7.60962 23.9161 8.19175 23.9161 8.90322V34.1282C23.9161 34.8396 23.334 35.4217 22.6225 35.4217H1.92518C1.21371 35.4217 0.631592 34.8396 0.631592 34.1282V8.90322C0.631592 8.19175 1.21371 7.60962 1.92518 7.60962H7.74633\" stroke=\"white\" stroke-width=\"2\" stroke-linecap=\"square\"><\/path><\/g><defs><clipPath id=\"clip0_31_618\"><rect width=\"37.2632\" height=\"36\" fill=\"white\"><\/rect><\/clipPath><\/defs><\/svg>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<p class=\"elementor-icon-box-description\">\n\t\t\t\t\t\tUn miembro compensador o broker de commodities exige claridad jur\u00eddica sobre los acuerdos de margen, las estructuras de cuentas o la exposici\u00f3n transfronteriza antes del onboarding o de aumentar los l\u00edmites.\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b3d3096 e-con-full e-flex e-con e-child\" data-id=\"b3d3096\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-aab9d7e elementor-position-inline-start elementor-mobile-position-inline-start elementor-view-default elementor-widget elementor-widget-icon-box\" data-id=\"aab9d7e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"38\" height=\"36\" viewBox=\"0 0 38 36\" fill=\"none\"><g clip-path=\"url(#clip0_31_618)\"><path d=\"M7.7467 23.1326L11.7569 26.7546L17.4486 17.9583\" stroke=\"#C9A977\" stroke-width=\"2\" stroke-linecap=\"round\"><\/path><path d=\"M8.3935 6.31592H16.155C16.5121 6.31592 16.8018 6.60569 16.8018 6.96272V10.1967C16.8018 10.5537 16.5121 10.8435 16.155 10.8435H8.3935C8.03647 10.8435 7.7467 10.5537 7.7467 10.1967V6.96272C7.7467 6.60569 8.03647 6.31592 8.3935 6.31592Z\" stroke=\"white\" stroke-width=\"2\" stroke-linecap=\"square\" stroke-linejoin=\"round\"><\/path><path d=\"M16.8014 7.60962H22.6225C23.334 7.60962 23.9161 8.19175 23.9161 8.90322V34.1282C23.9161 34.8396 23.334 35.4217 22.6225 35.4217H1.92518C1.21371 35.4217 0.631592 34.8396 0.631592 34.1282V8.90322C0.631592 8.19175 1.21371 7.60962 1.92518 7.60962H7.74633\" stroke=\"white\" stroke-width=\"2\" stroke-linecap=\"square\"><\/path><\/g><defs><clipPath id=\"clip0_31_618\"><rect width=\"37.2632\" height=\"36\" fill=\"white\"><\/rect><\/clipPath><\/defs><\/svg>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<p class=\"elementor-icon-box-description\">\n\t\t\t\t\t\tUn banco suizo o emirat\u00ed est\u00e1 revisando sus posiciones subyacentes en commodities antes de conceder facilidades de financiaci\u00f3n del comercio, cartas de cr\u00e9dito u otro apoyo crediticio.\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-164031c e-con-full e-flex e-con e-child\" data-id=\"164031c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4d343c7 elementor-position-inline-start elementor-mobile-position-inline-start elementor-view-default elementor-widget elementor-widget-icon-box\" data-id=\"4d343c7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"38\" height=\"36\" viewBox=\"0 0 38 36\" fill=\"none\"><g clip-path=\"url(#clip0_31_618)\"><path d=\"M7.7467 23.1326L11.7569 26.7546L17.4486 17.9583\" stroke=\"#C9A977\" stroke-width=\"2\" stroke-linecap=\"round\"><\/path><path d=\"M8.3935 6.31592H16.155C16.5121 6.31592 16.8018 6.60569 16.8018 6.96272V10.1967C16.8018 10.5537 16.5121 10.8435 16.155 10.8435H8.3935C8.03647 10.8435 7.7467 10.5537 7.7467 10.1967V6.96272C7.7467 6.60569 8.03647 6.31592 8.3935 6.31592Z\" stroke=\"white\" stroke-width=\"2\" stroke-linecap=\"square\" stroke-linejoin=\"round\"><\/path><path d=\"M16.8014 7.60962H22.6225C23.334 7.60962 23.9161 8.19175 23.9161 8.90322V34.1282C23.9161 34.8396 23.334 35.4217 22.6225 35.4217H1.92518C1.21371 35.4217 0.631592 34.8396 0.631592 34.1282V8.90322C0.631592 8.19175 1.21371 7.60962 1.92518 7.60962H7.74633\" stroke=\"white\" stroke-width=\"2\" stroke-linecap=\"square\"><\/path><\/g><defs><clipPath id=\"clip0_31_618\"><rect width=\"37.2632\" height=\"36\" fill=\"white\"><\/rect><\/clipPath><\/defs><\/svg>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<p class=\"elementor-icon-box-description\">\n\t\t\t\t\t\tLos l\u00edmites de posici\u00f3n, las obligaciones de reporting o las normas de conducta de mercado afectan a la forma en que una mesa de trading puede construir, cubrir o renovar una posici\u00f3n en derivados en varios centros de negociaci\u00f3n.\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4450b2a4 e-con-full e-flex e-con e-child\" data-id=\"4450b2a4\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1d49aba5 elementor-widget elementor-widget-heading\" data-id=\"1d49aba5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Prestamos Servicios de Cumplimiento en Trading de Commodities e ISDA<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-72412c7f elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"72412c7f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6110feed elementor-widget elementor-widget-text-editor\" data-id=\"6110feed\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Nykitenko Legal asesora a empresas de trading de commodities, fondos centrados en energ\u00eda, brokers y miembros compensadores sobre documentaci\u00f3n ISDA, requisitos de derivados compensados y documentos de financiaci\u00f3n del comercio utilizados en el trading energ\u00e9tico transfronterizo.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1a97558 elementor-widget elementor-widget-n-accordion\" data-id=\"1a97558\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;default_state&quot;:&quot;expanded&quot;,&quot;max_items_expended&quot;:&quot;one&quot;,&quot;n_accordion_animation_duration&quot;:{&quot;unit&quot;:&quot;ms&quot;,&quot;size&quot;:400,&quot;sizes&quot;:[]}}\" data-widget_type=\"nested-accordion.default\">\n\t\t\t\t\t\t\t<div class=\"e-n-accordion\" aria-label=\"Accordion. Open links with Enter or Space, close with Escape, and navigate with Arrow Keys\">\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-2780\" class=\"e-n-accordion-item\" open>\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"1\" tabindex=\"0\" aria-expanded=\"true\" aria-controls=\"e-n-accordion-item-2780\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h3 class=\"e-n-accordion-item-title-text\"> ISDA Master Agreements y Credit Support Annexes <\/h3><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"tivo ti-arrow-down\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"tivo ti-arrow-right\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-2780\" class=\"elementor-element elementor-element-7157a09a e-con-full e-flex e-con e-child\" data-id=\"7157a09a\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-2780\" class=\"elementor-element elementor-element-5fcc3b2a e-con-full e-flex e-con e-child\" data-id=\"5fcc3b2a\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6e959c57 elementor-widget elementor-widget-text-editor\" data-id=\"6e959c57\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\tNykitenko Legal prepara y negocia documentaci\u00f3n ISDA para operaciones de cobertura energ\u00e9tica y de commodities, incluidos swaps, opciones, forwards y otros derivados OTC.\n\nEl trabajo puede incluir ISDA Master Agreements, Schedules, Credit Support Annexes, confirmaciones de operaciones y documentos relacionados. Se presta especial atenci\u00f3n a las condiciones de pago, garant\u00edas, margin calls, netting, derechos de terminaci\u00f3n, c\u00e1lculos de close-out, disposiciones fiscales y cl\u00e1usulas de resoluci\u00f3n de disputas.\n\nEl trabajo habitual incluye:\n\n<ul> <li>Revisar la documentaci\u00f3n ISDA existente antes de iniciar un nuevo programa de cobertura o relaci\u00f3n con una contraparte.<\/li> <li>Redactar y negociar ISDA Master Agreements, Schedules y Credit Support Annexes.<\/li> <li>Revisar las disposiciones sobre garant\u00edas y margen, incluidos activos admisibles, valoraci\u00f3n y mecanismos de transferencia.<\/li> <li>Preparar o revisar confirmaciones para operaciones espec\u00edficas de cobertura energ\u00e9tica o de commodities.<\/li> <li>Comprobar las disposiciones de terminaci\u00f3n, close-out, compensaci\u00f3n y resoluci\u00f3n de disputas.<\/li> <li>Coordinar comentarios con bancos, brokers, contrapartes de swaps y equipos internos de trading.<\/li> <\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-2781\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"2\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-2781\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h3 class=\"e-n-accordion-item-title-text\"> Derivados Compensados y Cumplimiento Transfronterizo <\/h3><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"tivo ti-arrow-down\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"tivo ti-arrow-right\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-2781\" class=\"elementor-element elementor-element-69fca3ee e-con-full e-flex e-con e-child\" data-id=\"69fca3ee\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-2781\" class=\"elementor-element elementor-element-43b97dbc e-con-full e-flex e-con e-child\" data-id=\"43b97dbc\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-69950cb5 elementor-widget elementor-widget-text-editor\" data-id=\"69950cb5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Los derivados energ\u00e9ticos negociados en ICE, CME y EEX pueden estar sujetos a requisitos distintos seg\u00fan la entidad operadora, el producto, el centro de negociaci\u00f3n, el modelo de compensaci\u00f3n y las jurisdicciones implicadas.<\/p><p>Nykitenko Legal revisa el marco jur\u00eddico y regulatorio de estructuras de trading que abarcan la UE, Reino Unido, Estados Unidos, Suiza y jurisdicciones del CCG. El objetivo es identificar qu\u00e9 normas se aplican a una mesa, entidad, posici\u00f3n u operaci\u00f3n concreta antes de ampliar la actividad de trading o de que un broker plantee cuestiones de cumplimiento.<\/p><p>El trabajo de cumplimiento puede abarcar:<\/p><ul><li>Mapeo de las obligaciones pertinentes conforme a REMIT, MiFID II y las normas de FCA y CFTC.<\/li><li>Revisi\u00f3n de cuestiones de l\u00edmites de posici\u00f3n para derivados sobre commodities y de los procedimientos internos relacionados.<\/li><li>Evaluaci\u00f3n de requisitos de reporting y conducta de mercado para derivados energ\u00e9ticos compensados y OTC.<\/li><li>Revisi\u00f3n de las funciones jur\u00eddicas de entidades de trading, brokers, miembros compensadores y empresas afiliadas.<\/li><li>Identificaci\u00f3n de cuestiones de documentaci\u00f3n, gobernanza u onboarding antes de entrar en un nuevo mercado o aumentar l\u00edmites de trading.<\/li><li>Preparaci\u00f3n de procedimientos pr\u00e1cticos de cumplimiento para una mesa, producto o estructura transfronteriza definida.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-2782\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"3\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-2782\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h3 class=\"e-n-accordion-item-title-text\"> Documentaci\u00f3n de Financiaci\u00f3n del Comercio para Trading de Commodities <\/h3><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"tivo ti-arrow-down\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"tivo ti-arrow-right\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-2782\" class=\"elementor-element elementor-element-14788b1e e-con-full e-flex e-con e-child\" data-id=\"14788b1e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-2782\" class=\"elementor-element elementor-element-73ad43a9 e-con-full e-flex e-con e-child\" data-id=\"73ad43a9\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-91e0851 elementor-widget elementor-widget-text-editor\" data-id=\"91e0851\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Los bancos y proveedores de financiaci\u00f3n de commodities suelen revisar los documentos de la operaci\u00f3n subyacente antes de conceder o ampliar facilidades de cr\u00e9dito. Esto puede incluir el contrato de compraventa de commodities, los acuerdos de cobertura, los documentos de garant\u00eda, las aprobaciones societarias y la estructura de pagos.<\/p><p>Nykitenko Legal apoya la revisi\u00f3n jur\u00eddica y estructuraci\u00f3n de la documentaci\u00f3n de financiaci\u00f3n del comercio utilizada en operaciones transfronterizas de commodities.<\/p><p>El apoyo documental puede incluir:<\/p><ul><li>Revisi\u00f3n de cartas de cr\u00e9dito documentarias, cartas de cr\u00e9dito standby y garant\u00edas bancarias.<\/li><li>Comprobaci\u00f3n de que el contrato de compraventa, la cobertura, los documentos de financiaci\u00f3n y el paquete de garant\u00edas funcionan conjuntamente.<\/li><li>Preparaci\u00f3n o revisi\u00f3n de aprobaciones societarias, garant\u00edas y documentos de colateral.<\/li><li>Revisi\u00f3n de las disposiciones sobre ley aplicable, pagos, incumplimiento y discrepancias documentales.<\/li><li>Apoyo en la due diligence jur\u00eddica solicitada por bancos suizos, de EAU u otros bancos comerciales.<\/li><li>Identificaci\u00f3n de cuestiones jur\u00eddicas que puedan retrasar una l\u00ednea de cr\u00e9dito, la liberaci\u00f3n de garant\u00edas o el pago bajo un instrumento de financiaci\u00f3n del comercio.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2720f2c5 e-flex e-con-boxed e-con e-parent\" data-id=\"2720f2c5\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-98f76e8 e-con-full e-flex e-con e-child\" data-id=\"98f76e8\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5e28392e e-flex e-con-boxed e-con e-parent\" data-id=\"5e28392e\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-40177804 e-con-full e-flex e-con e-child\" data-id=\"40177804\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-bb58b7 elementor-widget elementor-widget-heading\" data-id=\"bb58b7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Por Qu\u00e9 los Clientes Eligen Nykitenko Legal para Trading de Commodities y Cumplimiento de Derivados<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-513707d2 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"513707d2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6b744d0 elementor-widget elementor-widget-text-editor\" data-id=\"6b744d0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\tEl trading transfronterizo de commodities requiere documentos y procedimientos de cumplimiento que reflejen el modelo real de trading, los centros de negociaci\u00f3n, las contrapartes y los acuerdos de financiaci\u00f3n implicados.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-43855fbb e-con-full e-grid e-con e-child\" data-id=\"43855fbb\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-3312d338 e-con-full e-flex e-con e-child\" data-id=\"3312d338\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1ed6dc3 elementor-position-inline-start elementor-mobile-position-inline-start elementor-view-default elementor-widget elementor-widget-icon-box\" data-id=\"1ed6dc3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"13\" height=\"13\" viewBox=\"0 0 13 13\" fill=\"none\"><path d=\"M1.17725 7.41824L5.41029 11.2416L11.4184 1.9563\" stroke=\"#C9A977\" stroke-width=\"2\" stroke-linecap=\"round\"><\/path><\/svg>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<p class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\tEspecializaci\u00f3n en trading energ\u00e9tico\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<p class=\"elementor-icon-box-description\">\n\t\t\t\t\t\tEl asesoramiento se estructura en torno a la exposici\u00f3n f\u00edsica a commodities, las operaciones de cobertura, los derivados compensados y los documentos jur\u00eddicos utilizados por mesas de trading, brokers y proveedores de financiaci\u00f3n.\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4bd7a51b e-con-full e-flex e-con e-child\" data-id=\"4bd7a51b\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6d46fc08 elementor-position-inline-start elementor-mobile-position-inline-start elementor-view-default elementor-widget elementor-widget-icon-box\" data-id=\"6d46fc08\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"13\" height=\"13\" viewBox=\"0 0 13 13\" fill=\"none\"><path d=\"M1.17725 7.41824L5.41029 11.2416L11.4184 1.9563\" stroke=\"#C9A977\" stroke-width=\"2\" stroke-linecap=\"round\"><\/path><\/svg>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<p class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\tAn\u00e1lisis regulatorio transfronterizo\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<p class=\"elementor-icon-box-description\">\n\t\t\t\t\t\tLa revisi\u00f3n considera c\u00f3mo pueden aplicarse los requisitos de la UE, Reino Unido, Estados Unidos, Suiza y el CCG a las entidades, mercados y productos implicados en una estructura concreta.\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-51bb8f26 e-con-full e-flex e-con e-child\" data-id=\"51bb8f26\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-61762193 elementor-position-inline-start elementor-mobile-position-inline-start elementor-view-default elementor-widget elementor-widget-icon-box\" data-id=\"61762193\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"13\" height=\"13\" viewBox=\"0 0 13 13\" fill=\"none\"><path d=\"M1.17725 7.41824L5.41029 11.2416L11.4184 1.9563\" stroke=\"#C9A977\" stroke-width=\"2\" stroke-linecap=\"round\"><\/path><\/svg>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<p class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\tDocumentaci\u00f3n utilizable en negociaciones\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<p class=\"elementor-icon-box-description\">\n\t\t\t\t\t\tLos acuerdos ISDA, CSA, confirmaciones, garant\u00edas y documentos de financiaci\u00f3n del comercio se revisan teniendo en cuenta la operaci\u00f3n comercial y los requisitos de la contraparte.\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2854da7e e-con-full e-flex e-con e-child\" data-id=\"2854da7e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-117a7178 elementor-position-inline-start elementor-mobile-position-inline-start elementor-view-default elementor-widget elementor-widget-icon-box\" data-id=\"117a7178\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"13\" height=\"13\" viewBox=\"0 0 13 13\" fill=\"none\"><path d=\"M1.17725 7.41824L5.41029 11.2416L11.4184 1.9563\" stroke=\"#C9A977\" stroke-width=\"2\" stroke-linecap=\"round\"><\/path><\/svg>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<p class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\tCoordinaci\u00f3n pr\u00e1ctica con contrapartes\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<p class=\"elementor-icon-box-description\">\n\t\t\t\t\t\tEl trabajo jur\u00eddico puede alinearse con comentarios de bancos, miembros compensadores, brokers, contrapartes de swaps y equipos internos de trading.\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4d76a2a1 e-con-full e-flex e-con e-child\" data-id=\"4d76a2a1\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5cdd3096 elementor-widget elementor-widget-heading\" data-id=\"5cdd3096\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Caso Pr\u00e1ctico: Cobertura de GNL a trav\u00e9s de ICE London<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-52d55a83 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"52d55a83\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e0b2cfb elementor-position-inline-start elementor-mobile-position-inline-start elementor-view-default elementor-widget elementor-widget-icon-box\" data-id=\"e0b2cfb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"37\" height=\"37\" viewBox=\"0 0 37 37\" fill=\"none\"><g clip-path=\"url(#clip0_16_782)\"><mask id=\"mask0_16_782\" style=\"mask-type:luminance\" maskUnits=\"userSpaceOnUse\" x=\"0\" y=\"0\" width=\"37\" height=\"37\"><path d=\"M37 0.874023H0V36.874H37V0.874023Z\" fill=\"white\"><\/path><\/mask><g mask=\"url(#mask0_16_782)\"><path d=\"M27.4737 15.1377H1.79436C1.15004 15.1377 0.627121 15.6643 0.627121 16.3132V35.1219C0.627121 35.7708 1.15004 36.2975 1.79436 36.2975H27.4737C28.118 36.2975 28.6409 35.7708 28.6409 35.1219V16.3132C28.6409 15.6643 28.118 15.1377 27.4737 15.1377Z\" stroke=\"#17140F\" stroke-width=\"2\" stroke-linecap=\"round\"><\/path><path d=\"M0.627121 25.1296C0.627121 25.7785 1.15004 26.3052 1.79436 26.3052H27.4737C28.118 26.3052 28.6409 25.7785 28.6409 25.1296M18.7194 14.5497V12.7864C18.7194 12.1375 18.1964 11.6108 17.5521 11.6108H11.7159C11.0716 11.6108 10.5487 12.1375 10.5487 12.7864V14.5497\" stroke=\"#17140F\" stroke-width=\"2\" stroke-linecap=\"round\"><\/path><path d=\"M14.6356 22.1904C14.326 22.1904 14.0291 22.3143 13.8102 22.5348C13.5914 22.7553 13.4684 23.0542 13.4684 23.366C13.4684 23.6778 13.5914 23.9768 13.8102 24.1972C14.0291 24.4177 14.326 24.5415 14.6356 24.5415C14.9452 24.5415 15.2421 24.4177 15.461 24.1972C15.6799 23.9768 15.8028 23.6778 15.8028 23.366C15.8028 23.0542 15.6799 22.7553 15.461 22.5348C15.2421 22.3143 14.9452 22.1904 14.6356 22.1904Z\" fill=\"#C9A977\"><\/path><\/g><\/g><defs><clipPath id=\"clip0_16_782\"><rect width=\"37\" height=\"36\" fill=\"white\" transform=\"translate(0 0.874023)\"><\/rect><\/clipPath><\/defs><\/svg>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<p class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\tDesaf\u00edo\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<p class=\"elementor-icon-box-description\">\n\t\t\t\t\t\tUna mesa de trading de commodities con sede en Dub\u00e1i que operaba a trav\u00e9s del DMCC necesitaba cubrir la exposici\u00f3n de cargamentos transatl\u00e1nticos de GNL mediante ICE London. La estructura de trading propuesta planteaba cuestiones sobre los l\u00edmites de posici\u00f3n de derivados sobre commodities del Reino Unido, el papel de la entidad operadora y los requisitos del banco compensador.\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-408c29e3 elementor-position-inline-start elementor-mobile-position-inline-start elementor-view-default elementor-widget elementor-widget-icon-box\" data-id=\"408c29e3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"37\" height=\"37\" viewBox=\"0 0 37 37\" fill=\"none\"><g clip-path=\"url(#clip0_16_782)\"><mask id=\"mask0_16_782\" style=\"mask-type:luminance\" maskUnits=\"userSpaceOnUse\" x=\"0\" y=\"0\" width=\"37\" height=\"37\"><path d=\"M37 0.874023H0V36.874H37V0.874023Z\" fill=\"white\"><\/path><\/mask><g mask=\"url(#mask0_16_782)\"><path d=\"M27.4737 15.1377H1.79436C1.15004 15.1377 0.627121 15.6643 0.627121 16.3132V35.1219C0.627121 35.7708 1.15004 36.2975 1.79436 36.2975H27.4737C28.118 36.2975 28.6409 35.7708 28.6409 35.1219V16.3132C28.6409 15.6643 28.118 15.1377 27.4737 15.1377Z\" stroke=\"#17140F\" stroke-width=\"2\" stroke-linecap=\"round\"><\/path><path d=\"M0.627121 25.1296C0.627121 25.7785 1.15004 26.3052 1.79436 26.3052H27.4737C28.118 26.3052 28.6409 25.7785 28.6409 25.1296M18.7194 14.5497V12.7864C18.7194 12.1375 18.1964 11.6108 17.5521 11.6108H11.7159C11.0716 11.6108 10.5487 12.1375 10.5487 12.7864V14.5497\" stroke=\"#17140F\" stroke-width=\"2\" stroke-linecap=\"round\"><\/path><path d=\"M14.6356 22.1904C14.326 22.1904 14.0291 22.3143 13.8102 22.5348C13.5914 22.7553 13.4684 23.0542 13.4684 23.366C13.4684 23.6778 13.5914 23.9768 13.8102 24.1972C14.0291 24.4177 14.326 24.5415 14.6356 24.5415C14.9452 24.5415 15.2421 24.4177 15.461 24.1972C15.6799 23.9768 15.8028 23.6778 15.8028 23.366C15.8028 23.0542 15.6799 22.7553 15.461 22.5348C15.2421 22.3143 14.9452 22.1904 14.6356 22.1904Z\" fill=\"#C9A977\"><\/path><\/g><\/g><defs><clipPath id=\"clip0_16_782\"><rect width=\"37\" height=\"36\" fill=\"white\" transform=\"translate(0 0.874023)\"><\/rect><\/clipPath><\/defs><\/svg>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<p class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\tEstrategia\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<p class=\"elementor-icon-box-description\">\n\t\t\t\t\t\tNykitenko Legal revis\u00f3 la cobertura propuesta, la estructura societaria y los acuerdos de compensaci\u00f3n pertinentes. El trabajo incluy\u00f3 utilizar una entidad suiza del grupo para la actividad de trading correspondiente, preparar la justificaci\u00f3n jur\u00eddica de la asignaci\u00f3n propuesta de posiciones y coordinar la posici\u00f3n de cumplimiento exigida por el banco compensador.\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-295cf460 elementor-position-inline-start elementor-mobile-position-inline-start elementor-view-default elementor-widget elementor-widget-icon-box\" data-id=\"295cf460\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"37\" height=\"37\" viewBox=\"0 0 37 37\" fill=\"none\"><g clip-path=\"url(#clip0_16_782)\"><mask id=\"mask0_16_782\" style=\"mask-type:luminance\" maskUnits=\"userSpaceOnUse\" x=\"0\" y=\"0\" width=\"37\" height=\"37\"><path d=\"M37 0.874023H0V36.874H37V0.874023Z\" fill=\"white\"><\/path><\/mask><g mask=\"url(#mask0_16_782)\"><path d=\"M27.4737 15.1377H1.79436C1.15004 15.1377 0.627121 15.6643 0.627121 16.3132V35.1219C0.627121 35.7708 1.15004 36.2975 1.79436 36.2975H27.4737C28.118 36.2975 28.6409 35.7708 28.6409 35.1219V16.3132C28.6409 15.6643 28.118 15.1377 27.4737 15.1377Z\" stroke=\"#17140F\" stroke-width=\"2\" stroke-linecap=\"round\"><\/path><path d=\"M0.627121 25.1296C0.627121 25.7785 1.15004 26.3052 1.79436 26.3052H27.4737C28.118 26.3052 28.6409 25.7785 28.6409 25.1296M18.7194 14.5497V12.7864C18.7194 12.1375 18.1964 11.6108 17.5521 11.6108H11.7159C11.0716 11.6108 10.5487 12.1375 10.5487 12.7864V14.5497\" stroke=\"#17140F\" stroke-width=\"2\" stroke-linecap=\"round\"><\/path><path d=\"M14.6356 22.1904C14.326 22.1904 14.0291 22.3143 13.8102 22.5348C13.5914 22.7553 13.4684 23.0542 13.4684 23.366C13.4684 23.6778 13.5914 23.9768 13.8102 24.1972C14.0291 24.4177 14.326 24.5415 14.6356 24.5415C14.9452 24.5415 15.2421 24.4177 15.461 24.1972C15.6799 23.9768 15.8028 23.6778 15.8028 23.366C15.8028 23.0542 15.6799 22.7553 15.461 22.5348C15.2421 22.3143 14.9452 22.1904 14.6356 22.1904Z\" fill=\"#C9A977\"><\/path><\/g><\/g><defs><clipPath id=\"clip0_16_782\"><rect width=\"37\" height=\"36\" fill=\"white\" transform=\"translate(0 0.874023)\"><\/rect><\/clipPath><\/defs><\/svg>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<p class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\tResultado\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<p class=\"elementor-icon-box-description\">\n\t\t\t\t\t\tLa estructura permiti\u00f3 al cliente cubrir posiciones energ\u00e9ticas por un valor aproximado de <b>3,5 millones de USD<\/b> a trav\u00e9s de ICE London, con sujeci\u00f3n al marco aplicable de l\u00edmites de posici\u00f3n y a los requisitos del banco compensador.\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-bfab7af e-con-full e-flex e-con e-parent\" data-id=\"bfab7af\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;motion_fx_motion_fx_scrolling&quot;:&quot;yes&quot;,&quot;motion_fx_devices&quot;:[&quot;desktop&quot;,&quot;tablet&quot;,&quot;mobile&quot;]}\">\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-371f6d08 e-flex e-con-boxed e-con e-parent\" data-id=\"371f6d08\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-1e3ebaa6 e-flex e-con-boxed e-con e-child\" data-id=\"1e3ebaa6\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-9ea801 e-flex e-con-boxed e-con e-parent\" data-id=\"9ea801\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-214cd9b9 e-flex e-con-boxed e-con e-child\" data-id=\"214cd9b9\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1669f6ec elementor-widget elementor-widget-heading\" data-id=\"1669f6ec\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Preguntas Frecuentes sobre Trading de Commodities y Cumplimiento de Derivados ISDA<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5f6edb81 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"5f6edb81\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-31c6c3eb e-con-full e-flex e-con e-child\" data-id=\"31c6c3eb\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1e4a55ce elementor-widget elementor-widget-n-accordion\" data-id=\"1e4a55ce\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;default_state&quot;:&quot;expanded&quot;,&quot;max_items_expended&quot;:&quot;one&quot;,&quot;n_accordion_animation_duration&quot;:{&quot;unit&quot;:&quot;ms&quot;,&quot;size&quot;:400,&quot;sizes&quot;:[]}}\" data-widget_type=\"nested-accordion.default\">\n\t\t\t\t\t\t\t<div class=\"e-n-accordion\" aria-label=\"Accordion. Open links with Enter or Space, close with Escape, and navigate with Arrow Keys\">\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-5080\" class=\"e-n-accordion-item\" open>\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"1\" tabindex=\"0\" aria-expanded=\"true\" aria-controls=\"e-n-accordion-item-5080\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h3 class=\"e-n-accordion-item-title-text\"> \u00bfCu\u00e1ndo necesita una empresa de trading de commodities un ISDA Master Agreement? <\/h3><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-5080\" class=\"elementor-element elementor-element-64554b42 e-con-full e-flex e-con e-child\" data-id=\"64554b42\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6c275cc4 elementor-widget elementor-widget-text-editor\" data-id=\"6c275cc4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Un ISDA Master Agreement se utiliza habitualmente cuando una empresa celebra derivados OTC con un banco, broker u otra contraparte financiera. Puede incluir swaps sobre commodities, opciones, forwards y otras operaciones de cobertura. El acuerdo establece el marco jur\u00eddico para m\u00faltiples operaciones entre las partes, incluidas disposiciones sobre netting de pagos, garant\u00edas, terminaci\u00f3n y close-out. Para revisar la documentaci\u00f3n comercial subyacente, consulte <a href=\"https:\/\/nykitenko-legal.com\/es\/servicios\/revision-legal-de-contratos-energeticos\/\">Revisi\u00f3n Jur\u00eddica de Contratos Energ\u00e9ticos<\/a>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-5081\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"2\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-5081\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h3 class=\"e-n-accordion-item-title-text\"> \u00bfQu\u00e9 es un Credit Support Annex? <\/h3><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-5081\" class=\"elementor-element elementor-element-1d36d168 e-con-full e-flex e-con e-child\" data-id=\"1d36d168\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4259bdb9 elementor-widget elementor-widget-text-editor\" data-id=\"4259bdb9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\tUn Credit Support Annex, normalmente denominado CSA, forma parte de la documentaci\u00f3n ISDA. Establece c\u00f3mo se aporta y devuelve el colateral cuando cambia el valor de las posiciones en derivados OTC. El CSA puede abordar colateral admisible, umbrales, importes m\u00ednimos de transferencia, fechas de valoraci\u00f3n, intereses, custodia y procedimientos de disputa.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-5082\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"3\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-5082\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h3 class=\"e-n-accordion-item-title-text\"> \u00bfSe aplican l\u00edmites de posici\u00f3n a los derivados energ\u00e9ticos negociados en ICE, CME o EEX? <\/h3><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-5082\" class=\"elementor-element elementor-element-6ed0f928 e-con-full e-flex e-con e-child\" data-id=\"6ed0f928\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-50f0562c elementor-widget elementor-widget-text-editor\" data-id=\"50f0562c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Pueden aplicarse. La respuesta depende del contrato concreto, el centro de negociaci\u00f3n, la entidad jur\u00eddica, el tipo de posici\u00f3n y el r\u00e9gimen regulatorio aplicable. Pueden existir l\u00edmites de posici\u00f3n para determinados contratos de derivados sobre commodities conforme a las normas de la UE, Reino Unido y Estados Unidos, mientras que bolsas, miembros compensadores y brokers tambi\u00e9n pueden imponer sus propios controles de gesti\u00f3n de posiciones o de riesgo. Debe realizarse una revisi\u00f3n antes de que una mesa de trading constituya, agregue o reestructure posiciones significativas.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-5083\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"4\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-5083\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h3 class=\"e-n-accordion-item-title-text\"> \u00bfPuede una misma estructura de trading activar al mismo tiempo requisitos de REMIT, MiFID II, FCA y CFTC? <\/h3><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-5083\" class=\"elementor-element elementor-element-7197b828 e-con-full e-flex e-con e-child\" data-id=\"7197b828\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-43be517 elementor-widget elementor-widget-text-editor\" data-id=\"43be517\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>S\u00ed. Un grupo de trading transfronterizo puede estar sujeto a varios reg\u00edmenes regulatorios cuando negocia productos energ\u00e9ticos o derivados a trav\u00e9s de distintas entidades, centros de negociaci\u00f3n y contrapartes. Los requisitos aplicables dependen de factores como el commodity subyacente, la ubicaci\u00f3n del mercado, el centro de negociaci\u00f3n, la clasificaci\u00f3n de la entidad, el modelo de compensaci\u00f3n y si la operaci\u00f3n es f\u00edsica, compensada u OTC. REMIT tambi\u00e9n regula la integridad de los mercados mayoristas de energ\u00eda y proh\u00edbe las operaciones con informaci\u00f3n privilegiada y la manipulaci\u00f3n de mercado.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-5084\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"5\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-5084\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h3 class=\"e-n-accordion-item-title-text\"> \u00bfQu\u00e9 debe revisarse antes de que un broker de compensaci\u00f3n aumente los l\u00edmites de trading? <\/h3><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-5084\" class=\"elementor-element elementor-element-26a86ee1 e-con-full e-flex e-con e-child\" data-id=\"26a86ee1\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-30f72694 elementor-widget elementor-widget-text-editor\" data-id=\"30f72694\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>La revisi\u00f3n suele abarcar la entidad jur\u00eddica correspondiente, documentos de onboarding, autorizaciones de trading, acuerdos de margen, estructura de cuentas, condiciones de colateral, garant\u00edas del grupo y la naturaleza de las posiciones propuestas. Un broker o miembro compensador tambi\u00e9n puede solicitar informaci\u00f3n sobre la exposici\u00f3n f\u00edsica subyacente a commodities, la justificaci\u00f3n de la cobertura y los procedimientos internos de cumplimiento.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-5085\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"6\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-5085\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h3 class=\"e-n-accordion-item-title-text\"> \u00bfQu\u00e9 documentos puede solicitar un banco antes de proporcionar financiaci\u00f3n del comercio para una operaci\u00f3n de commodities? <\/h3><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-5085\" class=\"elementor-element elementor-element-7b7533ae e-con-full e-flex e-con e-child\" data-id=\"7b7533ae\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-53d94ae4 elementor-widget elementor-widget-text-editor\" data-id=\"53d94ae4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\tLos documentos solicitados var\u00edan seg\u00fan la operaci\u00f3n y el banco, pero pueden incluir el contrato de compraventa de commodities, facturas, documentos de transporte, cartas de cr\u00e9dito, garant\u00edas, aprobaciones societarias, documentos de financiaci\u00f3n, documentos de garant\u00eda e informaci\u00f3n sobre cualquier cobertura relacionada. Normalmente el banco querr\u00e1 que las condiciones comerciales, el flujo de pagos y el paquete de garant\u00edas sean coherentes en todo el conjunto documental. Cuando la operaci\u00f3n financiada implique flujos energ\u00e9ticos transfronterizos, tambi\u00e9n pueden surgir cuestiones relacionadas con <a href=\"\/services\/legal-support-energy-arbitrage\/\">el apoyo jur\u00eddico para arbitraje energ\u00e9tico<\/a>.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-5086\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"7\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-5086\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><h3 class=\"e-n-accordion-item-title-text\"> \u00bfPuede utilizarse una entidad suiza o de EAU en una estructura de trading energ\u00e9tico? <\/h3><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-5086\" class=\"elementor-element elementor-element-1f37b8d e-con-full e-flex e-con e-child\" data-id=\"1f37b8d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8238a79 elementor-widget elementor-widget-text-editor\" data-id=\"8238a79\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\tPotencialmente, pero el an\u00e1lisis jur\u00eddico debe cubrir la finalidad de la entidad, su funci\u00f3n en la cadena de transacciones, la posici\u00f3n fiscal, los requisitos societarios locales, el onboarding bancario, el per\u00edmetro regulatorio y las reglas del centro de negociaci\u00f3n correspondiente. Constituir una entidad en una jurisdicci\u00f3n concreta no elimina por s\u00ed mismo la exposici\u00f3n a requisitos de cumplimiento del Reino Unido, la UE o Estados Unidos cuando la actividad de trading tiene conexi\u00f3n con esos mercados.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-44c2dc6 e-flex e-con-boxed e-con e-parent\" data-id=\"44c2dc6\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-2fc363a0 e-con-full e-flex e-con e-child\" data-id=\"2fc363a0\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5996c634 elementor-widget elementor-widget-heading\" data-id=\"5996c634\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Analice su Estructura de Trading de Commodities o Cobertura<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2cf48194 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"2cf48194\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2b69092d elementor-widget elementor-widget-text-editor\" data-id=\"2b69092d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Si est\u00e1 preparando documentaci\u00f3n ISDA, ampliando la actividad de trading a varias jurisdicciones, revisando la exposici\u00f3n a l\u00edmites de posici\u00f3n u organizando financiaci\u00f3n del comercio para una operaci\u00f3n de commodities, comparta la estructura b\u00e1sica y los documentos implicados.<\/p><p>Nykitenko Legal puede revisar el marco jur\u00eddico que rodea a la entidad de trading, los contratos, los acuerdos de compensaci\u00f3n, el colateral y los requisitos regulatorios relevantes para la operaci\u00f3n.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Home Cumplimiento Global en Trading de Commodities y Derivados Compensados Nykitenko Legal asesora a empresas de trading de commodities, fondos centrados en energ\u00eda, miembros compensadores y brokers sobre el marco jur\u00eddico del trading energ\u00e9tico transfronterizo y las coberturas. El trabajo abarca ISDA Master Agreements y Credit Support Annexes, documentaci\u00f3n de derivados OTC, negociaci\u00f3n compensada en [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":4271,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-5820","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/nykitenko-legal.com\/es\/wp-json\/wp\/v2\/pages\/5820","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nykitenko-legal.com\/es\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/nykitenko-legal.com\/es\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/nykitenko-legal.com\/es\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nykitenko-legal.com\/es\/wp-json\/wp\/v2\/comments?post=5820"}],"version-history":[{"count":1,"href":"https:\/\/nykitenko-legal.com\/es\/wp-json\/wp\/v2\/pages\/5820\/revisions"}],"predecessor-version":[{"id":5821,"href":"https:\/\/nykitenko-legal.com\/es\/wp-json\/wp\/v2\/pages\/5820\/revisions\/5821"}],"up":[{"embeddable":true,"href":"https:\/\/nykitenko-legal.com\/es\/wp-json\/wp\/v2\/pages\/4271"}],"wp:attachment":[{"href":"https:\/\/nykitenko-legal.com\/es\/wp-json\/wp\/v2\/media?parent=5820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}