1992 ISDA Master Agreement

ISDA Anatomy™ →Go uptown 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 Tell me more Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.

See ISDA Comparison for a comparison between the 1992 ISDA and the 2002 ISDA.

• 2002 ISDA

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See the 1992 ISDA wikitext for the full tomato.

Structure of the 1992 ISDA

1 Interpretation 1(a) Definitions 1(b) Inconsistency 1(c) Single Agreement

2 Obligations 2(a) General Conditions (incl Section 2(a)(iii)) 2(b) Change of Account 2(c) Netting 2(d) Deduction or Withholding for Tax 2(e) Default Interest

3 Representations 3(a) Basic Representations 3(b) Absence of Certain Events 3(c) Absence of Litigation 3(d) Accuracy of Specified Information 3(e) Payer Tax Representations 3(f) Payee Tax Representations

4 Agreements 4(a) Furnish Specified Information 4(b) Maintain Authorisations 4(c) Comply with Laws 4(d) Tax Agreement 4(e) Payment of Stamp Tax

5 Events of Default and Termination Events 5(a) Events of Default 5(a)(i) Failure to Pay or Deliver 5(a)(ii) Breach of Agreement 5(a)(iii) Credit Support Default 5(a)(iv) Misrepresentation 5(a)(v) Default Under Specified Transaction 5(a)(vi) Cross Default 5(a)(vii) Bankruptcy 5(a)(viii) Merger Without Assumption 5(b) Termination Events 5(b)(i) Illegality 5(b)(ii) Tax Event 5(b)(iii) Tax Event Upon Merger 5(b)(iv) Credit Event Upon Merger 5(b)(v) Additional Termination Event 5(c) Event of Default and Illegality

6 Early Termination 6(a) Right to Terminate Following Event of Default 6(b) Right to Terminate Following Termination Event 6(b)(i) Notice (of Termination Event) 6(b)(ii) Transfer to Avoid Termination Event 6(b)(iii) Two Affected Parties 6(b)(iv) Right to Terminate 6(c) Effect of Designation 6(d) Calculations 6(e) Payments on Early Termination 6(e)(i) Payments on Events of Default) 6(e)(ii) Payments on Termination Events 6(e)(iii) Adjustment for Bankruptcy 6(e)(iv) Pre-Estimates

7 Transfer

8 Contractual Currency 8(a) Payment in Contractual Currency 8(b) Judgments 8(c) Separate Indemnities 8(d) Evidence of Loss

9 Miscellaneous 9(a) Entire Agreement 9(b) Amendments 9(c) Survival of Obligations 9(d) Remedies Cumulative 9(e) Counterparts and Confirmations 9(f) No Waiver of Rights 9(g) Headings

10 Offices; Multibranch Parties

11 Expenses

12 Notices 12(a) Effectiveness 12(b) Change of Addresses

13 Governing Law 13(a) Governing Law 13(b) Jurisdiction 13(c) Service of Process 13(d) Waiver of immunities

14 Definitions Additional Termination Event Affected Party Affected Transactions Affiliate Applicable Rate Burdened Party Change in Tax Law consent Credit Event Upon Merger Credit Support Document Credit Support Provider Default Rate Defaulting Party Early Termination Date Event of Default Illegality Indemnifiable Tax law Local Business Day Loss Market Quotation Non-default Rate Non-defaulting Party Office Potential Event of Default Reference Market-makers Relevant Jurisdiction Scheduled Payment Date Set-off Settlement Amount Specified Entity Specified Indebtedness Specified Transaction Stamp Tax Tax Tax Event Tax Event Upon Merger Terminated Transactions Termination Currency Termination Currency Equivalent Termination Event Termination Rate Unpaid Amounts

See also

• ISDA Anatomy.