ISDA Anatomy

Anatomies

This is one of Amwell Clear’s master agreement anatomies. Anatomies are indexed analyses of the clauses in common master agreements and regulatory handbooks. More are planned.
Anatomy™: AIFMD | CASS | COBS | Conference calls | Confis | CRR | CSA | EMIR | Equity Derivatives | FOA PCA | FUND | GMRA | GMSLA | ISDA | OSLA | PB | Swapclear | UCITS

Structure of the ISDA Master Agreement

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

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
3(g) No Agency (2002 ISDA only)

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(b) Termination Events
  
• 5(c) Event of Default and Illegality
  
• 5(c) Hierarchy of Events
  

6 Early Termination

• 6(a) Right to Terminate following Event of Default
  
• 6(b) Right to Terminate following Termination Event
  
• 6(c) Effect of Designation
  
• 6(d) Calculations
  
• 6(e) Payments on Early Termination
  
• 6(f) Set Off