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| {{isdaanat|preamble}}
| | #redirect[[Preamble - ISDA Provision]] |
| What exactly counts as a Transaction under an {{isdama}} is a matter of some moment, because it will determine what you need to take into account when applying close-out netting, and (unless you’ve specified a narrower range of {{csaprov|Covered Transaction}}s) the values you need to calculate when making {{tag|collateral}} calls under a {{csa}}.
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| Unusually, for a document so outrageously verbose in most other respects, the {{isdama}} has little to say on the subject, the {{1992isda}} leaving it entirely to the {{isdaprov|preamble}}:
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| :''... one or more transactions (each a “{{isdaprov|Transaction}}”) that are or will be governed by this {{isdaprov|Master Agreement}}.''
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| And the {{2002ma}} not going much further.
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| :...''“{{isdaprov|Transaction}}” has the meaning specified in the {{isdaprov|preamble}}.''
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| The {{eqdefs}} also define “{{eqderivprov|Transaction}}”, to no apparent point.
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| ===[[Netting]]===
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| These are the types of {{isdaprov|transaction}} that are contemplated for {{isdaprov|netting}} purposes in the {{tag|ISDA}} opinion (for England)
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| *[[Basis swap]]
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| *[[bond forward]]
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| *[[bullion option]]
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| *[[bullion swap]]
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| *[[bullion trade]]
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| *[[buy/sell-back transaction]]
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| *[[cap transaction]]
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| *[[collar transaction]]
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| *[[commodity index transaction]]
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| *[[commodity swap]]
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| *[[contingent credit default swap]]
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| *[[credit default swap option]]
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| *[[credit default swap]]
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| *[[credit derivative transaction on asset-backed securities]]
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| *[[credit spread transaction]]
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| *[[cross currency rate swap]]
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| *[[currency option]]
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| *[[economic statistic transaction]]
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| *[[emissions allowance transaction]]
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| *[[equity forward]]
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| *[[equity index option]]
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| *[[equity option]]
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| *[[equity swap]]
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| *[[floor transaction]]
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| *[[foreign exchange transaction]]
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| *[[forward rate transaction]]
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| *[[fund option transaction]]
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| *[[fund forward transaction]]
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| *[[interest rate option]]
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| *[[interest rate swap]]
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| *[[longevity/mortality transaction]]
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| *[[physical commodity transaction]]
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| *[[property index derivative transaction]]
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| *[[repurchase transaction]]
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| *[[securities lending transaction]]
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| *[[swap deliverable contingent credit default swap]]
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| *[[total return swap]]
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| *[[weather index transaction]]
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