Template:Isda Affiliate comp

Affiliate was introduced in the 1987 ISDA. By 1992, ISDA’s crack drafting squad™ had thought better of saying if should be defined in Part 4 of the Schedule (what if someone carelessly defined it in Part 5?) and helpfully added the qualifier “directly or indirectly” to the description of “under common control”. “Helpfully” to vendors of printer’s ink and paper, that is; but at peripheral cost to the patience of that vanishingly small community of prose stylists among ISDA negotiators.

The “Affiliate” definitions are then identical between the 1992 ISDA and the 2002 ISDA.