Legal Opinions List

NCCL = No Change Confirmation Letter

Jurisdiction	Group A	NCCL	Group B	NCCL	CCP	NCCL	Other
Anguilla			Netting Opinion (Nov 2015) Collateral Opinion (Feb 2013)	
Argentina			Collateral Opinion (Feb 2013)
Australia	*UPDATED* Netting Opinion (March 2018) Netting Opinion (Dec 2013) Collateral Opinion (Feb 2013)				UPDATED ASX Clear Futures Pty Ltd (Oct 2018) ASX Clear Futures - Brief Description (May 2017) ASX Clear (Futures) Pty Limited CCP Opinion (Dec 2013)	
Austria	*UPDATED* Netting Opinion (March 2018) Netting Opinion (Dec 2013) *UPDATED* Collateral Opinion (March 2018) Collateral Opinion (Feb 2013)				Abwicklungsstelle fur Borsengeschafte GmbH CCP Opinion (March 2013)
Bahamas	Netting Opinion (Dec 2013) Collateral Opinion (Feb 2013)	
Bahrain			Netting Opinion (Dec 2014) Collateral Opinion (Jan 2013)
Barbados			Netting Opinion (Nov 2014) Collateral Opinion (April 2013)	
Belgium	*UPDATED* Netting Opinion (March 2018) Netting Opinion (Dec 2013) UPDATED Collateral Opinion (March 2018) Collateral Opinion (Jan 2013)
Belize			Netting Opinion (Dec 2014) Collateral Opinion Feb 2013)	
Bermuda	Netting Opinion (Dec 2013) Collateral Opinion (April 2013)	
Brazil			Netting Opinion (April 2015) Collateral Opinion (Feb 2012)		BM&F Bovespa SA CCP Opinion (June 2014)
British Virgin Islands	Netting Opinion (Dec 2013) Collateral Opinion (Feb 2013)	
Bulgaria			Netting Opinion (Feb 2015) Collateral Opinion (Jan 2013)
Canada - Ontario Canada - Quebec	Netting Opinion (Dec 2013) Collateral Opinion (Jan 2013) *UPDATED* Netting Opinion (March 2018) Netting Opinion (Dec 2013) UPDATED Collateral Opinion (March 2018) Collateral Opinion (Jan 2013)				Canadian Derivatives Clearing Corporation - Update Letter (May 2017) ICE Clear Canada CCP Opinion (March 2013) The Canadian Derivatives Clearing Corporation CCP Opinion (Feb 2013)	
Cayman Islands	Netting Opinion (Dec 2013) Collateral Opinion (Feb 2013)	
Chile			Netting Opinion (Jan 2015) Collateral Opinion (March 2013)	
China			Netting Opinion (Dec 2014) Collateral Opinion (Sep 2013)		Dalian Commodity Exchange CCP Opinion (Sep 2013) China Financial Futures Exchange CCP Opinion (Sep 2013) Shanghai Futures Exchange CCP Opinion (Sep 2013) Zhengzhou Commodity Exchange CCP Opinion (Sep 2013)
Croatia			Netting Opinion (March 2015) Collateral Opinion (March 2013)
Curacao			Netting Opinion (Oct 2014) Collateral Opinion (April 2013)	
Cyprus			Netting Opinion (Oct 2014) Collateral Opinion (March 2013)
Czech Republic			Netting Opinion (Feb 2015) Collateral Opinion (Feb 2013)
Denmark	*UPDATED* Netting Opinion (March 2018) Netting Opinion (Dec 2013) UPDATED Collateral Opinion (March 2018) Collateral Opinion (Jan 2013)
Dubai (DIFC)			Netting Opinion (Sep 2016) Collateral Opinion (Feb 2013)	
Egypt			Netting Opinion (Dec 2014) Collateral Opinion (Jan 2013)	
England & Wales	UPDATED Netting Opinion (March 2018) Netting Opinion (Dec 2013) UPDATED Collateral Opinion (March 2018) Collateral Opinion (Feb 2013)				NEW - LCH.Clearnet Limited CCP Opinion (Sep 2018) NEW LME Clear (Jan 2018) LME Clear - Brief Description (June 2017) ICE Clear Europe Questionnaire (Jan 2017) ICE Clear Europe - Clearing Member Agreement (Nov 2016) ICE Clear Europe CCP Opinion (Nov 2016) LCH Ltd - Legal Opinion (Dec 2015) CCP Opinion CRR Questionnaire - LCH Ltd (Dec 2015) LCH Clearnet Ltd CCP Opinion (Dec 2015) LME Clear (Dec 2014)	 	LCH Ltd 305 Opinion - CCP LCH Ltd 305 Opinion - CM LCH Clearnet Ltd 305 CCP Opinion (July 2014) CRR Article 305 English CM Opinion (July 2014) ICE Clear 305 Opinion (Jan 2017) LME Clear 305 Opinion (Jan 2017) IAS 32 English CM Eurex Repos (Jan 2014) IAS 32 English CM opinion Eurex Swaps and Options (March 2014) IAS 32 English CM Opinion LCH SA (Jan 2014) IAS 32 English CM RepoClear (Jan 2014) IAS 32 English CM SwapClear (Jan 2014) IAS 32 English CCP RepoClear (Jan 2014) IAS 32 English CCP SwapClear (Jan 2014) IAS 32 English CCP SwapClear (Feb 2015) IAS 32 English CCP RepoClear (Feb 2015)
Estonia			Netting Opinion (Dec 2014) Collateral Opinion (Feb 2013)
Finland	UPDATED Netting Opinion (March 2018) Netting Opinion (Dec 2013) UPDATED Collateral Opinion (March 2018) Collateral Opinion (April 2013)
France	UPDATED Netting Opinion (March 2018) Netting Opinion (Dec 2013) UPDATED Collateral Opinion (March 2018) Collateral Opinion (Feb 2013)				LCH SA CCP Questionnaire - France (March 2017) LCH SA CCP Opinion - France (Feb 2017) LCH SA CCP Opinion (March 2013)		CRR Article 305 French CM opinion (April 2016) IAS 32 French CM Opinion Eurex Repos (Jan 2014) IAS 32 French CM Opinion Eurex Swaps and Options (Jan 2014) IAS 32 French CM Opinion LCH SA (Jan 2014) IAS 32 French CM Opinion RepoClear (Jan 2014) IAS 32 French CM Opinion SwapClear (Jan 2014) IAS 32 French CCP (Jan 2014) IAS 32 French CCP LCH Clearnet SA (July 2016)
Germany	UPDATED Netting Opinion (April 2018) Netting Opinion (Dec 2013) UPDATED Collateral Opinion (April 2018) Collateral Opinion (Feb 2013)				NEW Eurex Clearing AG (Aug 2018) Eurex CRR Opinion (Jan 2016) Eurex Clearing AG - CCP Opinion CRR Questionnaire (Dec 2015) ECC CCP Opinion (Nov 2014) ECC CCP Opinion (Dec 2013) Eurex Clearing CCP Opinion (Sep 2014)		CRR Article 305 CM German Opinion (May 2015) IAS 32 German CM Opinion Eurex Repos (Jan 2014) IAS 32 German CM Opinion Eurex Swaps and Options (Jan 2014) IAS 32 German CM Opinion LCH SA Repos (Jan 2014) IAS 32 German CM Opinion RepoClear (Jan 2014) IAS 32 German CM Opinion SwapClear (Jan 2014) IAS 32 German CCP Eurex Repos (Jan 2014) IAS 32 German CCP Opinion Eurex Swaps and Options (Jan 2014)
Gibraltar			Netting Opinion (Oct 2014) Collateral Opinion (Jan 2013)
Greece	UPDATED Netting Opinion (March 2018) Netting Opinion (Dec 2013) UPDATED Collateral Opinion (March 2018) Collateral Opinion (Jan 2013)				Athens Derivatives Exchange Clearing House SA CCP Opinion (Jan 2016)
Guernsey	Netting Opinion (Dec 2013) Collateral Opinion (April 2013)	
Hong Kong	*UPDATED* Netting Opinion (March 2018) Netting Opinion (Dec 2013) UPDATED Collateral Opinion (March 2018) Collateral Opinion (Feb 2013)				Hong Kong Clearing Corporation Limited CCP Opinion (Feb 2013) Hong Kong Securities Clearing Company Limited CCP Opinion (Feb 2013) SEHK Options Clearing House Limited CCP Opinion (Feb 2013)		IAS 32 Hong Kong CM SwapClear (Jan 2014)
Hungary			Netting Opinion (Jan 2015) Collateral Opinion (Feb 2013)		The Central Clearinghouse and Depository Budapest Ltd (Keler) CCP Opinion (Feb 2013)
India			Netting Opinion (Dec 2014) Collateral Opinion (Feb 2013)		National Commodities Clearing Limited CCP Opinion (March 2013) National Securities Clearing Corporation Ltd CCP Opinion (March 2013)
Indonesia	Netting Opinion (Dec 2014) Collateral Opinion (Feb 2013)
Ireland	*UPDATED* Netting Opinion (March 2018) Netting Opinion (Dec 2013) UPDATED Collateral Opinion (March 2018) Collateral Opinion (May 2013)
Israel	Netting Opinion (Dec 2013) Collateral Opinion (Feb 2013)				Maof Clearing House Ltd CCP Opinion (Feb 2013)
Italy	*UPDATED* Netting Opinion (March 2018) Netting Opinion (Dec 2013) *UPDATED* Collateral Opinion (March 2018) Collateral Opinion (Feb 2013)				Cassa di Compensazione e Garanzia CCP Opinion (April 2016)
Japan	*UPDATED* Netting Opinion (March 2018) Netting Opinion (Dec 2013) UPDATED Collateral Opinion (March 2018) Collateral Opinion (Jan 2013)				Japan Commodity Clearing House CCP Opinion (Feb 2013) Japan Securities Clearing Corporation CCP Opinion (Feb 2013) Tokyo Financial Exchange CCP Opinion (Feb 2013)
Jersey	Netting Opinion (Dec 2013) Collateral Opinion (Jan 2013)	
Jordan			Netting Opinion (Dec 2014) Collateral Opinion (Feb 2013)	
Kuwait			Netting Opinion (Feb 2015) Collateral Opinion (April 2013)	
Latvia			Netting Opinion (Dec 2014) Collateral Opinion (Feb 2013)
Lebanon			Collateral Opinion (Feb 2013)
Liechtenstein			Netting Opinion (Dec 2014) Collateral Opinion (Jan 2013)
Lithuania			Netting Opinion (Dec 2014) Collateral Opinion (Jan 2013)
Luxembourg	*UPDATED* Netting Opinion (March 2018) Netting Opinion (Dec 2013) *UPDATED* Collateral Opinion (March 2018) Collateral Opinion (March 2013)
Macau			Netting Opinion (Oct 2014) Collateral Opinion (Jan 2013)	
Malaysia			Netting Opinion (Dec 2014) Collateral Opinion (Jan 2013)		Bursa Malaysia Derivatives Clearing Bhd CCP Opinion (Feb 2013)
Malta	UPDATED Netting Opinion (March 2018) Netting Opinion (Dec 2013) UPDATED Collateral Opinion (March 2018) Collateral Opinion (Jan 2013)
Mauritius			Netting Opinion (Oct 2014) Collateral Opinion (Jan 2013)	
Mexico			Netting Opinion (Dec 2014) Collateral Opinion (Feb 2013)		Asigna Compensation y Liquidacion CCP Opinon (March 2013)
Monaco			Netting Opinion (Nov 2014)
Netherlands	*UPDATED* Netting Opinion (Jan 2018) Netting Opinion (April 2014) *UPDATED* Collateral Opinion (Jan 2018) Collateral Opinion (Feb 2013)				APX Endex Clearing BV CCP Opinion (Feb 2013)
New Zealand			Netting Opinion (Nov 2014) Collateral Opinion (Jan 2013)	
Norway	Netting Opinion (Dec 2013) Collateral Opinion (April 2014)	
Panama			Netting Opinion (Dec 2014) Collateral Opinion (Feb 2013)	
Peru			Netting Opinion (Dec 2014) Collateral Opinion (Feb 2013)	
Poland			Netting Opinion (March 2015) Collateral Opinion (Feb 2013)		Poland - CCP Opinion - KDPW CCP Rules Post EMIR autorisation (Nov 2014) KDPW CCP Opinion (March 2013)
Portugal	*UPDATED* Netting Opinion (March 2018) Netting Opinion (Dec 2013) UPDATED Collateral Opinion (March 2018) Collateral Opinion (Jan 2013)
Romania			Netting Opinion (Nov 2014) Collateral Opinion (Jan 2013)
Scotland	*UPDATED* Netting Opinion (March 2018) Netting Opinion (Dec 2013) *UPDATED* Collateral Opinion (March 2018) Collateral Opinion (Feb 2013)						IAS 32 Scotland CM Eurex repos (Sep 2013) IAS 32 Scotland CM LCH Clearnet (Sep 2013) IAS 32 Scotland CM Eurex Swaps and Options (Sep 2013) IAS 32 Scotland CM LCH Clearnet SA Repo (Sep 2013) IAS 32 Scotland CM LCH Clearnet SwapClear (Sep 2013) IAS 32 Scotland CM FICC Repos (April 2014)
Singapore	UPDATED Netting Opinion (March 2018) Netting Opinion (Dec 2013) Collateral Opinion (Feb 2013)				Singapore Exchange Derivatives Clearing Ltd CCP Opinion (May 2013) SGX Interim CCP Opinion (Dec 2013)	
Slovak Republic			Netting Opinion (March 2015) Collateral Opinion (Feb 2013)
Slovenia			Netting Opinion (Oct 2014) Collateral Opinion (Jan 2013)
South Africa			Netting Opinion (Dec 2014) Collateral Opinion (Jan 2013)		SAFEX Clearing Company (Pty) Limited CCP Opinion (Jan 2013)
South Korea			Netting Opinion (Dec 2014) Collateral Opinion (Jan 2013)		Korea Exchange Inc CCP Opinion (Jan 2013)
Spain	*UPDATED* Netting Opinion (March 2018) Netting Opinion (Dec 2013) UPDATED Collateral Opinion (March 2018) Collateral Opinion (Jan 2013)
Sweden	UPDATED Netting Opinion (March 2018) Netting Opinion (Dec 2013) UPDATED Collateral Opinion (March 2018) Collateral Opinion (April 2013)				Sweden NOMX Update Letter (Aug 2017) NASDAQ OMX Stockholm AB CCP Opinion (Dec 2013)
Switzerland	*UPDATED* Netting Opinion (March 2018) Netting Opinion (Dec 2013) UPDATED Collateral Opinion (March 2018) Collateral Opinion (Jan 2013)						IAS 32 Switzerland CM LCH SA Repos (Dec 2013) IAS 32 Switzerland CM Repo Clear (Dec 2013) IAS 32 Switzerland CM SwapClear (Dec 2013)
Taiwan			Netting Opinion (Nov 2014) Collateral Opinion (Feb 2013)		Taiwan Futures Exchange Corporation CCP Opinion (Feb 2013)
Thailand			Netting Opinion (Nov 2014) Collateral Opinion (Jan 2013)		The Thailand Clearing House CCP Opinion (Jan 2013)
Turkey	Netting Opinion (Dec 2013) Collateral Opinion (Jan 2013)				Istanbul Menkul Kiymetler Borsasi Takas ve Saklama Bankasi AS CCP Opinion (Jan 2013)
United Arab Emirates			Collateral Opinion (Feb 2013)
United States of America	Netting Opinion (Dec 2013) Collateral Opinion (Sep 2013)				CME CCP Opinion (insolvency events of default) (Sep 2013) CME CCP Opinion (non-insolvency events of default) (Dec 2013) ICE CCP Opinion (Sep 2013) MGEX CCP Opinion (Sep 2013) NYPCC CCP Opinion (Sep 2013) OCC CCP Opinion (insolvency events of default) (Dec 2013) OCC CCP Opinion (non-insolvency events of default) (Dec 2013) TCC CCP Opinion (Sep 2013)		IAS 32 US CM SwapClear (Jan 2014)