2002 ISDA Master Agreement Protocol

ISDA Anatomy™ →Go uptown Index: Click ᐅ to expand: ISDA Navigation See ISDA Comparison for a comparison between the 1992 ISDA and the 2002 ISDA. The Varieties of ISDA Experience Subject 2002 (wikitext) 1992 (wikitext) 1987 (wikitext) Preamble Pre Pre Pre Interpretation 1 1 1 Obligns/Payment 2 2 2 Representations 3 3 3 Agreements 4 4 4 EODs & Term Events 5 Events of Default: FTPD • Breach • CSD • Misrep • DUST • Cross Default • Bankruptcy • MWA Termination Events: Illegality • FM • Tax Event • TEUM • CEUM • ATE 5 Events of Default: FTPD • Breach • CSD • Misrep • DUST • Cross Default • Bankruptcy • MWA Termination Events: Illegality • Tax Event • TEUM • CEUM • ATE 5 Events of Default: FTPD • Breach • CSD • Misrep • DUSS • Cross Default • Bankruptcy • MWA Termination Events: Illegality • Tax Event • TEUM • CEUM Early Termination 6 Early Termination: ET right on EOD • ET right on TE • Effect of Designation • Calculations; Payment Date • Payments on ET • Set-off 6 Early Termination: ET right on EOD • ET right on TE • Effect of Designation • Calculations • Payments on ET • Set-off 6 Early Termination: ET right on EOD • ET right on TE • Effect of Designation • Calculations • Payments on ET Transfer 7 7 7 Contractual Currency 8 8 8 Miscellaneous 9 9 9 Offices; Multibranch Parties 10 10 10 Expenses 11 11 11 Notices 12 12 12 Governing Law 13 13 13 Definitions 14 14 14 Schedule Schedule Schedule Schedule Termination Provisions Part 1 Part 1 Part 1 Tax Representations Part 2 Part 2 Part 2 Documents for Delivery Part 3 Part 3 Part 3 Miscellaneous Part 4 Part 4 Part 4 Other Provisions Part 5 Part 5 Part 5 Tell me more Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.

Not to be confused with Hunter Barkley’s rip snorting but as yet unpublished FWMD/finance fiction thriller The ISDA Protocol, The 2002 ISDA Master Agreement Protocol is intended to provide an easy way to solve problems that arise when certain documents that were published by the ISDA prior to 2002 are used in conjunction with a 2002 ISDA. For example, where documents like the 1995 CSA use defined terms (such as Market Quotation) that do not exist within the 2002 ISDA. The Protocol provides an easy way to rectify these discrepancies.

Sigh.

Documents Covered

There is a long list of documents covered by the Master Agreement Protocol:

• 1991 ISDA Definitions including 1998 Supplement;
• 1992 ISDA FX and Currency Option Definitions;
• 1998 FX and Currency Option Definitions;
• 1993 ISDA Commodity Derivatives Definitions including the 2000 Supplement;
• 1994 ISDA Equity Option Definitions;
• 1996 ISDA Equity Derivatives Definitions;
• 1997 ISDA Government Bond Option Definitions;
• 1997 ISDA Bullion Definitions;
• 1997 ISDA Short Form Bullion Definitions;
• 1999 ISDA Credit Derivatives Definitions;
• 1994 ISDA Credit Support Annex (New York Law);
• 1995 ISDA Credit Support Annex (English Law);
• 1995 ISDA Credit Support Deed (English Law);
• 1995 ISDA Credit Support Annex (Japanese Law);
• 2001 ISDA Margin Provisions; and
• 2001 ISDA Margin Supplement.

See also

• ISDA page on the protocol
• The ISDA Protocol