ISDA Master Agreement: Difference between revisions
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A commonly used standardised contract between counterparties trading OTC derivatives. | A commonly used standardised contract between counterparties trading OTC derivatives. | ||
:<span style="color:#4B0082">'''''ISDA Master Agreements'''''</span> | |||
: "The ISDA master agreements set out standard terms and conditions applicable to parties’ transactions, together with a schedule. | |||
:The schedule gives the parties the ability to adjust the master agreement to their requirements by completing blanks, selecting alternative operative provisions and amending the master agreement where appropriate." | |||
:<span style="color:#4B0082">'''''Escrow provisions in ISDA arrangements'''''</span> | |||
:"... extra provision required by the parties... may include: | |||
:escrow provisions to address potential problems arising from time differences between the places to which each party makes payments (i.e. one party could make a payment at the time it is obliged to do so in the relevant time zone but then fail to receive payment due to it from the other party); in this situation provision can be made for a third party to hold payments “in escrow” and only release a payment when it has received the corresponding payment from the other party." | |||
:''The Treasurer's Wiki - Derivatives documentation'' | |||
== See also == | == See also == | ||
* [[Collateral]] | * [[Collateral]] | ||
* [[Credit support annex]] | * [[Credit support annex]] (CSA) | ||
* [[ | * [[Derivative]] | ||
* [[Derivative instrument]] | * [[Derivative instrument]] | ||
* [[Derivatives documentation]] | |||
* [[Escrow]] | |||
* [[Global Master Repurchase Agreement]] (GMRA) | |||
* [[International Swaps and Derivatives Association]] (ISDA) | |||
* [[MNA]] | * [[MNA]] | ||
* [[Over the counter]] (OTC) | |||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | |||
[[Category:Financial_products_and_markets]] | |||
Latest revision as of 17:21, 24 June 2022
A commonly used standardised contract between counterparties trading OTC derivatives.
- ISDA Master Agreements
- "The ISDA master agreements set out standard terms and conditions applicable to parties’ transactions, together with a schedule.
- The schedule gives the parties the ability to adjust the master agreement to their requirements by completing blanks, selecting alternative operative provisions and amending the master agreement where appropriate."
- Escrow provisions in ISDA arrangements
- "... extra provision required by the parties... may include:
- escrow provisions to address potential problems arising from time differences between the places to which each party makes payments (i.e. one party could make a payment at the time it is obliged to do so in the relevant time zone but then fail to receive payment due to it from the other party); in this situation provision can be made for a third party to hold payments “in escrow” and only release a payment when it has received the corresponding payment from the other party."
- The Treasurer's Wiki - Derivatives documentation
