Single Agreement - ISDA Provision

In gory detail

1992 ISDA Template:ISDA Master Agreement 1992 1(c) (view template)

2002 ISDA 1(c) Single Agreement. All Transactions are entered into in reliance on the fact that this Master Agreement and all Confirmations form a single agreement between the parties (collectively referred to as this “Agreement”), and the parties would not otherwise enter into any Transactions. (view template)

Commentary

The provision is the same in each version of the ISDA Master Agreement. You see the same thing in the Template:Gtma, for that matter. This is a key part of the netting analysis as it endeavous to inextricably bind together all activity under the ISDA Master Agreement as part of a single, concerted, nettable whole.

See also

• Long Form Confirmation