Preamble - ISDA Provision: Difference between revisions

Preamble - ISDA Provision (view source)

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-{{manual|M||2002|Preamble||Preamble|medium}}
+{{manual|MI|2002|Preamble||Preamble|medium}}
-The preamble is the only place where the concept of the “'''{{isdaprov|Transaction}}'''” — being the actual swaps you put on under one of these confounded agreements — is defined in the {{isdama}}, which talks in somewhat laboured terms about the architecture is the ISDA contract.
 ===ISDA architecture===
 The legal documentation for an ISDA swap transaction comes in three main parts, but —of course— there are complications. But let's start at the beginning.