Abstract
<p>Derivative Transactions banking activity has become inseparable from the business activities of companies in the era of free market economy and globalization. One of derivative transactions known and used in Indonesia is Cross Currency Swap transaction.From the perspective of Indonesian contract law, Cross Currency Swap is a new type of special contract or sui generis originated from a lending and borrowing contracts. Cross Currency Swaps made by BNI were in compliance with the requirement of contract to be valid. The application of ISDA Master Agreement as a soft law in this transaction is not in contrary to the laws and regulations of Indonesia.</p>
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