Template:Isda Preamble comp

Genealogy corner: the Preamble to the 1987 ISDA had an extra feature: the single agreement provision. By 1992, this had been moved to its own little subclause in Section {{{{{1}}}|1(c)}}, and there it has stayed ever since.

As for the modern ISDAs, there is little material difference between the 1992 ISDA and the 2002 ISDA here. ISDA’s crack drafting squad™ being, by 2002, a more world-weary, battle-hardened combat unit than it was in 1992, was more alive in the 2002 ISDA to the idea that one might confirm Transactions other than via a full-blown Confirmation: those with master confirmation agreements and who match commoditised swap transactions through online trade matching systems may appreciate this acknowledgment.