All-monies guarantees

The monetary limits on Banking Guarantees
Guarantees are arguably the most essential part of a financial transaction, especially when lenders are institutions such as multinational financial services companies who rely on such collateral to carry out their business, e.g., credit facilities, bilateral agreements or, more commonly among us, mortgage deals. Being the essential tool that they are, guarantees come in many shapes and forms, but one of the key distinctions from a lender’s perspective is often whether it is “specific” (in that it guarantees only obligations arising…

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Financial Leasing

The new regime of Financial Leasing Companies - Law no. 6/2019

In order to meet the development needs of today’s financial leasing industry in Macau, as well as revitalize the local financial leasing system, the Macau SAR Legislative Assembly enacted Law No. 6/2019, “Legal Regime of Financial Leasing Companies” and Law…

Financial Derivatives

Macau´s perspective on Financial Derivatives

Derivatives are financial instruments that result from fixed-term contracts whose value is ascertained by reference to a specific underlying asset or group of assets that play a very important role in the financial markets. Other than its speculative purpose, derivatives…

Cash Transportation

Control of Cross-border transportation of Cash and Bearer Negotiable instruments - Law no. 6/2017

Published on June 12, Law 6/2017 – the “Law for the control of cross-border transportation of cash and bearer negotiable instruments” – foresees a new set of regulations for the transportation of cash and bearer instruments between Macau and the…