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| {{tocbuilder|ISDA|2002|1}} | | {{a|isda|{{image|pageguide|png|Finding your way around the ISDA Anatomy, for those not minded to work it out for themselves.}}}}Here is the great landing page for the ISDA Master Agreement in all its beautiful articulations. There is a lot of information here: budding ninjas may just be amped up to dive in to the clause table a the bottom. For those seeking a gentler introduction to the world of derivatives — [[financial weapons of mass destruction]] (© Warren Buffett) after all, so to be handled with care — here is a quick overview: |
| {{tocbuilder|ISDA|2002|2}} | | ===The Anatomy=== |
| {{tocbuilder|ISDA|2002|3}}
| | In the table below, your gateway to the in-depth clause-by-clause and subclause-by-subclause analysis. Each page contains: |
| {{tocbuilder|ISDA|2002|4}}
| | *The actual clause of the ISDA agreement |
| {{tocbuilder|ISDA|2002|5}}
| | *Our [[Plain English|plain English]] “[[Nutshell - ISDA|nutshell]]” summary of that clause |
| {{tocbuilder|ISDA|2002|6}} | | *A “comparison” section, summarising the differences between the corresponding clauses in the {{1992ma}} and the {{2002ma}}. |
| {{tocbuilder|ISDA|2002|7}} | | *A “summary” section, explaining what the clause does, how it works, frequent amendments to it, and controversies in the ISDA community. |
| {{tocbuilder|ISDA|2002|8}}
| | *An optional “general” section, for those clauses of frequent controversy, going into a little more detail; and |
| {{tocbuilder|ISDA|2002|9}}
| | *An even-more-optional “details” section, that dives into the paranoid beating heart of [[ISDA Ninja|ISDA Ninjery]] — though this is reserved for really special occasions. |
| {{tocbuilder|ISDA|2002|10}}
| | You can also access the clauses alphabetically from the nifty little dropdowns in the infobox on the right of every page. |
| {{tocbuilder|ISDA|2002|11}}
| | ===the [[JC]]’s [[plain English]] ISDA=== |
| {{tocbuilder|ISDA|2002|12}} | | Ever thought it would be great to have a summarised, de-pedantified, {{isdama}} in a single place you could read through without feelings of remorse, loathing and an incoming migraine? Fear not! There is one! Here is [[JC]]’s whole, nutshell, [[Nutshell ISDA|plain English ISDA in one place]]! |
| {{tocbuilder|ISDA|2002|13}}
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| {{tocbuilder|ISDA|2002|14}}
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| =={{isdaprov|7}}. {{isdaprov|Transfer}}==
| | Okay, and what about a side-by-side summary of the whole ''pain''-English, full ISDA and the JC’s lovely, airy, high fibre, plain-English nutshell summary? Again, [[Side-by-side ISDA and Nutshell|we’ve got you covered]]. |
| =={{isdaprov|8}}. {{isdaprov|Contractual Currency}}== | | ===Booklets and whatnot=== |
| :{{isdaprov|8(a)}} {{isdaprov|Payment in Contractual Currency}}
| | We also have anatomies of some — not all — of ISDA’s product booklets and credit support annexes, the most developed of which (including [[Equity Derivatives Anatomy|Equity Derivatives]] and [[Emissions Annex Anatomy|EU Emissions Allowances]] are in the side-bar on the right under “Anatomies”. |
| :{{isdaprov|8(b)}} {{isdaprov|Judgments}}
| | ===Introductory material=== |
| :{{isdaprov|8(c)}} {{isdaprov|Separate Indemnities}} | | What is a [[swap]], as explained to my neighbour Phil. We developed these [[Category:Cut out and keep|cut-out-and-keep]] explainers to help Phil swot for his exams to be a tour guide to the city of London. (He passed!) |
| :{{isdaprov|8(d)}} {{isdaprov|Evidence of Loss}}
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| =={{isdaprov|9}}. {{isdaprov|Miscellaneous}}==
| | Then there’s the [[Swap history|history of the ISDA Master Agreement]] (some of which [[Children of the Woods|we freely admit we made up]]), and long, impassioned and liable-to-fall-upon-deaf-ears screeds about [[Close-out Netting]], the need for [[netting opinions]] [[When variation margin attacks|variation margin]], and various other things. |
| :{{isdaprov|9(a)}} {{isdaprov|Entire Agreement}}
| | ===[[Financial weapons of mass destruction]]{{tm}} corner=== |
| :{{isdaprov|9(b)}} {{isdaprov|Amendments}}
| | We are developing our own game of [[FWMD Top Trumps]]. It is what every neurotic millennial needs: Have fun ''and'' fret about forthcoming financial [[oblivion]]! |
| :{{isdaprov|9(c)}} {{isdaprov|Survival of Obligations}}
| | ===The ISDA rabbithole=== |
| :{{isdaprov|9(d)}} {{isdaprov|Remedies Cumulative}}
| | Late, for a very important date? Then strap yourselves in, readers... |
| :{{isdaprov|9(e)}} {{isdaprov|Counterparts and Confirmations}}
| | {{isda clause table}} |
| :{{isdaprov|9(f)}} {{isdaprov|No Waiver of Rights}}
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| :{{isdaprov|9(g)}} {{isdaprov|Headings}}
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| :{{isdaprov|9(h)}} {{isdaprov|Interest and Compensation}} ([[2002 ISDA Master]] only)
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| =={{isdaprov|10}}. {{isdaprov|Offices; Multi-Branch Parties}}==
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| =={{isdaprov|11}}. {{isdaprov|Expenses}}==
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| =={{isdaprov|12}}. {{isdaprov|Notices}}==
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| =={{isdaprov|13}}. {{isdaprov|Governing Law and Jurisdiction}}==
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| =={{isdaprov|14}}. {{isdaprov|Definitions}}==
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| *{{isdaprov|Additional Representation}}
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| *{{isdaprov|Additional Termination Event}}
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| *{{isdaprov|Affected Party}}
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| *{{isdaprov|Affected Transactions}}
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| *{{isdaprov|Affiliate}}
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| *{{isdaprov|Agreement}}
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| *{{isdaprov|Applicable Close-out Rate}} ([[2002 ISDA Master]] only)
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| *{{isdaprov|Applicable Deferral Rate}}
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| *{{isdaprov|Automatic Early Termination}}
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| *{{isdaprov|Burdened Party}}
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| *{{isdaprov|Change in Tax Law}}
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| *{{isdaprov|Close-out Amount}} ([[2002 ISDA Master]] only)
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| *{{isdaprov|Confirmation}}
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| *{{isdaprov|consent}}
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| *{{isdaprov|Contractual Currencymage}}
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| *{{isdaprov|Convention Court}}
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| *{{isdaprov|Credit Event Upon Merger}}
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| *{{isdaprov|Credit Support Document}}
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| *{{isdaprov|Credit Support Provider}}
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| *{{isdaprov|Cross-Default}}
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| *{{isdaprov|Defaulting Party}}
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| *{{isdaprov|Designated Event}}
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| *{{isdaprov|Determining Party}}
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| *{{isdaprov|Early Termination Amount}}
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| *{{isdaprov|Early Termination Date}}
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| *{{isdaprov|electronic messages}}
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| *{{isdaprov|English law}}
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| *{{isdaprov|Event of Default}}
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| *{{isdaprov|Force Majeure Event}}
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| *{{isdaprov|General Business Dayw}}
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| *{{isdaprov|Illegality}}
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| *{{isdaprov|Indemnifiable Tax}}
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| *{{isdaprov|law}}
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| *{{isdaprov|Local Business Day}}
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| *{{isdaprov|Local Delivery Day}}
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| *{{isdaprov|Master Agreement}}
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| *{{isdaprov|Merger Without Assumption}}
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| *{{isdaprov|Multiple Transaction Payment Netting}}
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| *{{isdaprov|Market Quotation}} ([[1992 ISDA Master]] only)
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| *{{isdaprov|Loss}} ([[1992 ISDA Master]] only)
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| *{{isdaprov|Non-affected Party}}
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| *{{isdaprov|Non-default Rate}}
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| *{{isdaprov|Non-defaulting Party}}
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| *{{isdaprov|Office}}
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| *{{isdaprov|Other Amounts}}
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| *{{isdaprov|Payee}}
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| *{{isdaprov|Payer}}
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| *{{isdaprov|Potential Event of Default}}
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| *{{isdaprov|Proceedings}}
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| *{{isdaprov|Process Agent}}
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| *{{isdaprov|rate of exchange}}
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| *{{isdaprov|Relevant Jurisdiction}}
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| *{{isdaprov|Schedule}}
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| *{{isdaprov|Scheduled Settlement Date}}
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| *{{isdaprov|Set-off}}
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| *{{isdaprov|Specified Entity}}
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| *{{isdaprov|Specified Indebtedness}}
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| *{{isdaprov|Specified Transaction}}
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| *{{isdaprov|Stamp Tax}}
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| *{{isdaprov|Stamp Tax Jurisdiction}}
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| *{{isdaprov|Tax}}
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| *{{isdaprov|Tax Event}}
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| *{{isdaprov|Tax Event Upon Merger}}
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| *{{isdaprov|Terminated Transactions}}
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| *{{isdaprov|Termination Currency}}
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| *{{isdaprov|Termination Currency Equivalent}}
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| *{{isdaprov|Termination Event}}
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| *{{isdaprov|Termination Rate}}
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| *{{isdaprov|Threshold Amount}}
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| *{{isdaprov|Transaction}}
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| *{{isdaprov|Unpaid Amounts}}
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| *{{isdaprov|Waiting Period}}
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| {{isdaanatomy}}
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| __NOTOC__
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