ISDA Master Agreement: Difference between revisions
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imported>Doug Williamson (Mend link.) |
imported>Doug Williamson (Mend link.) |
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* [[Derivatives documentation]] | * [[Derivatives documentation]] | ||
* [[Escrow]] | * [[Escrow]] | ||
* [[ | * [[Global Master Repurchase Agreement]] (GMRA) | ||
* [[International Swaps and Derivatives Association]] (ISDA) | * [[International Swaps and Derivatives Association]] (ISDA) | ||
* [[MNA]] | * [[MNA]] | ||
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
