Template:Master agreement landscape
| Segment | Agreement | Publisher | Cleared/OTC | Asset classes | Trade types | Collateral? | Netting? |
|---|---|---|---|---|---|---|---|
| Cash markets | Terms of business | Broker | OTC | Equities, fixed income, FX | Cash equities Spot FX Other spot or short-dated DVP transactions |
No. | No. |
| Derivatives | ISDA Master Agreement Regional variations (FBF, DRV, CMOF, SMA) |
ISDA Regional industry bodies |
OTC, OTC to CCP | All | Swaps, forwards, options Some securities financing. |
Yes. | Yes. |
| Exchange-traded derivatives | FIA Professional Client Agreement | FIA | Cleared | All | Listed futures & options | Yes. | Yes. |
| Securities financing | GMRA/MRA GMSLA/MLSA |
ICMA ISLA |
OTC | Bonds Equities |
Repos Securities lending |
Yes. | Yes. |
| Prime brokerage | Prime brokerage agreement | Prime broker | OTC | Equities, fixed income, FX | Margin lending, Securities financing, ETD | Yes. | Yes: Master netting agreement. |
| Commodities | Various commodity masters | Industry bodies | OTC | Physical commodities, metals | Spot and forward | Yes. | Yes. |
| Energy | EFET Master Agreement Grid Trade Master Agreement NAESB Master Agreement |
EFET FIA NAESB |
OTC | Power, gas, emission allowances | Spot and forward | Yes. | Yes. |
| Oil/Freight | BP/Shell T&Cs BIMCO |
BP/Shell BIMCO |
OTC | Oil, freight | Spot and forward | No. | No. |