This agreement, the Foreign Exchange and Options Master Agreement (“FEOMA”) is published at the same time as ICOM. The 1998 definitions of foreign exchange and exchange options are published jointly by ISDA, EMTA and the Foreign Exchange Committee and are intended to confirm certain transactions governed by (i) the 1992 ISDA Executive Contracts; (ii) the International Foreign Exchange and Options Master Agreement (“FEOMA”), the International Foreign Exchange Master Agreement (IFEMA) and the International Agreement on Market Options (ICOM), published by the Currency Committee in collaboration with the British Bankers Association, the Canadian Foreign Exchange Committee and the Tokyo Foreign Exchange Market Practices Committee; and (iii) other similar agreements. Any FX transaction or optional currency transaction pending or entered into on that date between the parties on that date is expressly subject to the agreement, regardless of references to confirmation or other framework contracts (. B for example FEOMA, IFEMA, ICOM, all specified conditions). First, as has already been mentioned, the Basel Committee on Banking Supervision has qualified only netting by novation for risk reduction for the purposes of bank capital adequacy.13 The Basel Committee on Banking Supervision then amended the Basel Capital Agreement so that netting, including the closing network, including the closing network , is now more recognized for capital adequacy purposes, from three angles14. , to create an enforceable obligation, so that in the event of default, a single enforceable obligation is created, so that the compensation agreement, in the event of default, including a default resulting from the insolvency of the counterparty, can close and liquidate a non-failing part of open positions, resulting in payment from one party to the other party. Second, the Bank must have written reasoned legal opinions on the applicability of the clearing agreement in all legal systems related to transactions under the agreement. Third, the Bank must have a procedure in place to ensure that legal issues related to compensation are constantly reviewed in order to monitor legislative changes.