Transcript International Swaps and Derivatives Association, Inc

Local Master Agreements and the ISDA Master
Derivatives and Risk Management in Mexico
May 7, 2001
iManage: NYCORP 1090336v1
7/17/2015
History of Development of ISDA Documentation
1984
1985
ISDA
Formed
Code of
SWAPS
1989
1990
Option
Addendum
Cap, Collar
and Floor
Addendum
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1986
1986 Code
of SWAPS
1991
Revised
1987
- Interest Rate and Currency
Exchange Agreement
- Interest Rate and Currency
Exchange Definitions
- Interest Rate Swap
Agreement
- User’s Guide to ISDA
Agreements
1992
- Master Agreement
Definitions
(Multicurrency-Cross
Border)
- Master Agreement
(Local Currency-SingleJurisdiction)
- U.S. Municipal Counterparty
Definitions and Confirmations
- FX and Currency Option
Definitions
and Confirmations
- OTC Equity Index Option
Confirmation (Long
Form)
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1993
1994
- User’s Guide to the 1992
ISDA Master Agreements
- OTC Bond Option
Confirmation (Long Form)
- Commodity Derivatives
Definitions and
Confirmations
1996
- 1996 Equity Derivative Definitions
- Credit Support Annex (Japanese
Law)
- User’s Guide to the Credit
Support Annex (Japanese Law)
- Chinese Character Translations of
the
1993 User’s Guide to the 1992
ISDA
Master Agreements
- 1996 ISDA Representation
Regarding
Relationship between Parties
- ISDA / BBAIRS Bridge
- ISDA / FRABBA Bridge
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Credit
Support Annex
(New York Law)
- OTC Single Share
Option (Physical Settlement) Confirmation (Long Form)
-
1997
1995
User’s Guide to the ISDA Credit
Support Annex (New York law)
Equity Option
Definitions and Confirmations
Credit Support Annex
(Transfer - English law)
Credit Support Deed
(Security Interest- English law)
1998
- 1998 FX and Currency
Option Definitions
- 1997 Bullion Definitions
- 1997 Credit Swap Confirmation- 1998 Supplement to the
- 1997 Government Bond Option 1991 Definitions
- 1998 Euro Definitions
Definitions
- EMU Protocol
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Recent ISDA Documentation
Developments

1999 Credit Derivatives Definitions

ISDA 1999 Collateral Review

Year 2000 Review of Standard ISDA
Documentation

2000 Supplement to the 1993 Commodity
Derivatives Definitions

2000 ISDA Definitions

Annex to the 2000 ISDA Definitions
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Use of ISDA Documentation

Global Standard

Enforceability/interpretation in local
courts: US, Canada, Australia

Global review of netting and collateral
using ISDA documents
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Goals for Local Agreements

Consistency with global standards

Certainty of enforceability

Flexibility for new products

Conformity to local standards and laws
iManage: NYCORP 1090336v1
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