Section 1 of the Netting of Financial Contracts Act 1995 is amended -
(a) by inserting the following after the definition of "the Companies Acts":
"'entity ' includes -
(a) a natural or legal person, including a state or any international organisation duly established,
(b) any subdivision or authenticating or other authority of a state or international organisation, and
(c) an unincorporated body of persons;",
(b) by substituting the following for the definition of "financial contracts":
"'financial contracts ' means one or more contracts consisting of one or more or a combination of the following:
(a) interest-rate contracts which are one or more of -
(i) single-currency interest rate swaps,
(ii) basis swaps,
(iii) forward-rate agreements,
(iv) interest-rate futures,
(v) interest-rate options,
(vi) other contracts of a similar nature to those specified in any of subparagraphs (i) to (v), and
(vii) contracts which are combinations of contracts referred to in subparagraphs (i) to (vi);
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