Financial Derivatives : The Currency and Rates Factor

chapter 13

ISDA Agreement: Documenting Derivatives

LEARNING OBJECTIVES

ISDA (International Swap and Derivatives Association) Master Agreement with its various schedules, annexure, etc. has been widely accepted by majority of the market participants as a global standard for documenting over-the-counter derivative transactions. This chapter aims to provide readers an overview of the contents of this agreement. The contents of this chapter are organized in the following order:

 

1. Introduction

2. ISDA Master Agreement

3. History

4. Architecture of the Agreement

5. Related Documents

6. Legal Issues

7. Advantages of the Agreement

INTRODUCTION

ISDA was established in the year 1985 as a trade organization for the participants of over-the-counter derivatives ...