ISDA Master Agreement: Difference between revisions

ISDA Master Agreement (view source)

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Bureaucrats, Interface administrators, Administrators

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-See:
+{{anat|isda}}
+====Foundational concepts====
+*What is a swap, how does it work? – founding concepts:
+*[[Underlier]]s
+*“[[synthetic exposure]]”
+*[[Mark-to-market]] value
+*[[Replacement cost]]
+*[[Hedging]]
+====Architecture====
+*'''Structure''': How it hangs together – Master/Schedule/CSA/Master Confirmations/Confirms
+*'''Big drafting issues'''
+**[[Valuation Agent - CSA Provision|Valuation]] and [[Calculation Agent - ISDA Provision|Calculation]]: of transactions – differing standards between asset  classes
+**Credit:
+***{{isdaprov|Events of Default}} and {{isdaprov|Termination Event}}s, the differences between them
+***{{isdaprov|Cross Default}} and inadvertent solvency risks
+***{{isdaprov|Additional Termination Events}} that will be specific to counterparties
+***{{isdaprov|Credit Support Provider}}s,
+***{{isdaprov|Specified Entities
+**[[Close out]]:
+	How close out works
+	[[Netting]] and [[set off]]
+o	[[Netting]]
+	The importance of [[close-out netting]]
+	Netting opinions
+	Counterparty types
+	Automatic Early Termination
+	Collateral
+	Multibranch parties
+o	Collateral: How the CSA works
+	Title transfer versus pledge
+	“Equivalent” credit support
+	Independent Amounts
+	Changes wrought by regulations for variation margin
+	Valuation of collateral and exposure values
+o	Tax representations: Hire Act, FACTCA, payer and payee representations
+o	Notices and communications
+o	Definitions booklets
+-	Process issues
+o	Capacity and authority
+o	Onboarding and AML
+o	Static data and netting flags
+o	Who are the stakeholders?
+	Credit
+	Treasury
+	Legal
+	Trading
+	Sales
+{{seealso}}
 *[[ISDA Anatomy]]
 *{{1992isda}}
 *{{2002isda}}
-{{anat|isda}}