imported>Doug Williamson |
imported>Doug Williamson |
| Line 1: |
Line 1: |
| A commonly used standardised contract between counterparties trading OTC derivatives.
| | Term debt is debt which has an agreed term or maturity. |
| | | Normally the term when the debt is drawn down would be greater than one year. |
| | |
| :<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]] | | *[[Debt]] |
| * [[Credit support annex]] (CSA) | | *[[Term loan]] |
| * [[Derivative]]
| |
| * [[Derivative instrument]]
| |
| * [[Derivatives documentation]]
| |
| * [[Escrow]]
| |
| * [[Global Master Repurchase Agreement]] (GMRA)
| |
| * [[International Swaps and Derivatives Association]] (ISDA)
| |
| * [[MNA]]
| |
| * [[Over the counter]] (OTC)
| |
| | |
| [[Category:Accounting,_tax_and_regulation]]
| |
| [[Category:The_business_context]]
| |
| [[Category:Financial_products_and_markets]]
| |
