Template:M summ 2002 ISDA Agreement: Difference between revisions
Jump to navigation
Jump to search
Amwelladmin (talk | contribs) Created page with "{{isda architecture|isdaprov}}" |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 1: | Line 1: | ||
{{isda architecture|isdaprov}} | {{isda architecture|isdaprov}} | ||
{{isda 1(c) summ}} | |||
Latest revision as of 13:57, 30 May 2023
The ISDA Master Agreement
The ISDA Master Agreement is the basic framework which applies to anyone who touches down on planet ISDA. There are three existing versions:
- the state-of-the-art 2002 ISDA;[1]
- the still-popular-with-traditionalists-and-Americans 1992 ISDA, and
- the all-but-retired-but-don’t-forget-there-are-still-soldiers-in-the-Burmese-jungle 1987 ISDA[2]
- the interesting-only-for-its-place-in-the-fossil-record-and-witty-acrostic 1985 ISDA Code; and
- there isn’t a 2008 ISDA. That’s a little running JC in-joke.[3]
All three versions have a tri-partite form: Pre-printed Master, Schedule and — well, this is controversial: for is it, or is it not, part of the ISDA Master Agreement? — Credit Support Annex. {{isda 1(c) summ {{{1}}}|{{{1}}}}}
- ↑ There is no such thing as a 2008 ISDA. That was a joke on our part.
- ↑ Seriously: proceed with caution with one of these. 1987 ISDAs don’t have a lot of safety features a modern derivatives counterparty relies on, so only for real specialists and weirdos. Think of it like flying a spitfire rather than a 737 Max. Um, okay, bad metaphor.
- ↑ Talking to yourself might not be the first sign of madness, but having in-jokes with yourself might be.