Confirmation - ISDA Provision

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2002 ISDA Master Agreement
A Jolly Contrarian owner’s manual™

Resources and navigation

Resources Wikitext | Nutshell wikitext | 1992 ISDA wikitext | 2002 vs 1992 Showdown | 2006 ISDA Definitions | 2008 ISDA | JC’s ISDA code project
Navigation Preamble | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14
Events of Default: 5(a)(i) Failure to Pay or Deliver5(a)(ii) Breach of Agreement5(a)(iii) Credit Support Default5(a)(iv) Misrepresentation5(a)(v) Default Under Specified Transaction5(a)(vi) Cross Default5(a)(vii) Bankruptcy5(a)(viii) Merger without Assumption
Termination Events: 5(b)(i) Illegality5(b)(ii) Force Majeure Event5(b)(iii) Tax Event5(b)(iv) Tax Event Upon Merger5(b)(v) Credit Event Upon Merger5(b)(vi) Additional Termination Event

Index: Click to expand:

Section preamble in a Nutshell
Use at your own risk, campers!

2002 ISDA Master Agreement

between

[SPECIFY] and [SPECIFY]

will enter into “Transactions” governed by this Agreement, the Schedule, and a Confirmation. This Agreement and the Schedule together comprise the “Master Agreement”.
The parties agree as follows:―
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Full text of Section preamble

2002 ISDA Master Agreement

between

[SPECIFY] and [SPECIFY]

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:―
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Related agreements and comparisons

Related Agreements
Click here for the text of Section preamble in the 1992 ISDA
Comparisons
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Content and comparisons

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Summary

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General discussion

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See also

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References


Is the confirmation the binding legal agreement, or is it the oral communication between the traders? Before you answer, consider the Entire Agreement clause, and its traditionally understood impact on parol evidence.