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ISDA updated its Model Netting Act, which provides a template for jurisdictions considering enforcing close-out netting.

CFTC Dodd-Frank Rulemaking 76 Fed. Reg. 6708 February 8, 2011 Closing Date for Comments: April 11, 2011 The proposed rule would set forth parameters for the inclusion of an orderly liquidation termination provision in the swap trading relationship documentation for swap dealers and major swap participants. The rule is being proposed pursuant to Section 731 of the Dodd-Frank Act added a new section 4s(i) to the Commodity Exchange Act, which requires the Commission to prescribe standards for swap dealers and major swap participants related to the timely and accurate confirmation, processing