1985 ISDA Code of Standard Wording, Assumptions and Provisions for Swaps
The 1985 ISDA Code, properly styled as the —
Code of
- Standard
- Wording,
- Assumptions and
- Provisions for
- Swaps
1985 Edition
— I mean check that puppy out; did you see what they did there??? It's a goddamn acrostic! — is the first ever attempt, by the children of the forest, progenitors of the first men, those valiant but somehow feral predecessors to the latter day crusading knights of ISDA’s crack drafting squad™, to make flesh and blood the idea of an ISDA Master Agreement. But this is a barebones thing indeed: Events of Default and Termination Events are there ... none! Parties has to put them in the confirmation. So, no netting, no single agreement — whcih kind of figures, since BCB only hit on the idea of granting capital relief for netting arrangements in 1986, no Section 2(a)(iii)...
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