Schedule - ISDA Provision: Difference between revisions

Revision as of 16:32, 5 April 2022

ISDA Anatomy™

1992 ISDA
(Multicurrency — Cross Border)

ISDA ® International Swap Dealers Associations, Inc. Master Agreement dated as of ......................................
......................................	and	......................................
(“Party A”)		(“Party B”)

have entered and/or anticipate entering into one or more transactions (each a “Transaction”) that are or will be governed by this Master Agreement, which includes the schedule (the “Schedule”), and the documents and other confirming evidence (each a “Confirmation”) exchanged between the parties confirming those Transactions.
Accordingly, the parties agree as follows: —

(view template)

2002 ISDA

ISDA ® International Swaps and Derivatives Association, Inc. 2002 Master Agreement dated as of ......................................
......................................	and	......................................
(“Party A”)		(“Party B”)

have entered and/or anticipate entering into one or more transactions (each a “Transaction”) that are or will be governed by this 2002 Master Agreement, which includes the schedule (the “Schedule”), and the documents and other confirming evidence (each a “Confirmation”) exchanged between the parties or otherwise effective for the purpose of confirming or evidencing those Transactions. This 2002 Master Agreement and the Schedule are together referred to as this “Master Agreement”.
Accordingly, the parties agree as follows:―

(view template)

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

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“Schedule” is defined in the Preamble to the ISDA Master Agreement. It is the fiddly bit at the end where the parties specify their elections and make any other amendments to the standard form.

The ISDA is traditionally divided into 5 Parts, as follows:

Part 1 - Termination Provisions

(a) Specified Entity
(b) Specified Transaction
(c) Cross Default
(d) Credit Event Upon Merger
(e) Automatic Early Termination
(f) Termination Currency
(g) Additional Termination Event

Part 2 - Tax Representations

(a) Payer Tax Representations
(b) Payee Tax Representations

Part 3 - Agreement to Deliver Documents

(a) Tax forms, documents or certificates to be devlivered
(b) Other documents to be delivered

Part 4 - Miscellaneous

(a) Addresses for Notices
(b) Process Agent
(c) Offices
(d) Multibranch Party
(e) Calculation Agent
(f) Credit Support Document
(g) Credit Support Provider
(h) Governing Law
(i) Netting of Payments
(j) Affiliate

Part 5 - Other Provisions

@@ Line 3: / Line 3: @@
 The ISDA is traditionally divided into 5 {{isdaprov|Part}}s, as follows:
-=== {{isdaprov|Part 1}} - {{isdaprov|Termination Provisions}} ===
+{{ISDA 2002 Schedule TOC}}
-(a) {{isdaprov|Specified Entity}} <br />
-(b) {{isdaprov|Specified Transaction}} <br />
-(c) {{isdaprov|Cross Default}} <br />
-(d) {{isdaprov|Credit Event Upon Merger}} <br />
-(e) {{isdaprov|Automatic Early Termination}} <br />
-(f) {{isdaprov|Payments on Early Termination}} <br />
-(g) {{isdaprov|Termination Currency}} <br />
-(h) {{isdaprov|Additional Termination Event}}
-=== {{isdaprov|Part 2}} - {{isdaprov|Tax Representations}} ===
-(a) {{isdaprov|Payer Tax Representations}} <br />
-(b) {{isdaprov|Payee Tax Representations}} <br />
-=== {{isdaprov|Part 3}} - {{isdaprov|Agreement to Deliver Documents}} ===
-(a) Tax forms, documents or certificates to be devlivered <br />
-(b) Other documents to be delivered <br />
-=== {{isdaprov|Part 4}} - {{isdaprov|Miscellaneous}} ===
-(a) {{isdaprov|Addresses for Notices}} <br />
-(b) {{isdaprov|Process Agent}} <br />
-(c) {{isdaprov|Offices}} <br />
-(d) {{isdaprov|Multibranch Party}} <br />
-(e) {{isdaprov|Calculation Agent}} <br />
-(f) {{isdaprov|Credit Support Document}} <br />
-(g) {{isdaprov|Credit Support Provider}} <br />
-(h) {{isdaprov|Governing Law}} <br />
-(i) {{isdaprov|Netting of Payments}} <br />
-(j) {{isdaprov|Affiliate}}<br />
-=== {{isdaprov|Part 5}} - {{isdaprov|Other Provisions}} ===