Hi there!
A quick refresher course for me with respect to French derivatives  trading (not a bank).
In transacting with a French corporate, should we  request articles and bylaws for capacity and ALSO a due authorization  opinion?
I think that this is correct.
However, if we are transacting with  an "S.A.", we should NOT request articles and bylaws but only the due  authorization opinion.
My notes on these items are confusing.
Could you  please respond in the morning?
Thanks.
Sara  p.s.
We are currently operating under the "one Transaction rule" with French  non-bank entities in order to avoid the netting problem.

Financial Trading - FRANCE
Hi there!
A quick refresher course for me with respect to French derivatives trading (not a bank).
In transacting with a French corporate, should we request articles and bylaws for capacity and ALSO a due authorization opinion?
I think that this is correct.
However, if we are transacting with an "S.A.", we should NOT request articles and bylaws but only the due authorization opinion.
My notes on these items are confusing.
Could you please respond in the morning?
Thanks.
Sara p.s.
We are currently operating under the "one Transaction rule" with French non-bank entities in order to avoid the netting problem.
authorization currently operating thanks sara netting problem articles bylaws capacity order avoid refresher course respect derivatives notes items confusing transacting french corporate