Transaction - ISDA Provision: Difference between revisions

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{{isdaanat|Transaction}}
{{isdamanual|Transaction}}
What exactly counts as a Transaction under an {{isdama}} is a matter of some moment, because it will determine what you need to take into account when applying close-out netting, and (unless you’ve specified a narrower range of {{csaprov|Covered Transaction}}s) the values you need to calculate when making {{tag|collateral}} calls under your {{CSA}}.
 
Unusually, for a document so outrageously verbose in most other respects, the {{isdama}} has little to say on the subject, the {{1992isda}} leaving it entirely to the {{isdaprov|preamble}}:
 
:''... one or more transactions (each a “{{isdaprov|Transaction}}”) that are or will be governed by this {{isdaprov|Master Agreement}}.''
 
And the {{2002ma}} not going much further.
 
:...''“{{isdaprov|Transaction}}” has the meaning specified in the {{isdaprov|preamble}}.''
 
The {{eqdefs}} also define “{{eqderivprov|Transaction}}”, to no apparent point.
 
===[[Netting]]===
These are the types of {{isdaprov|transaction}} that are contemplated for {{isdaprov|netting}} purposes in the {{tag|ISDA}} opinion (for England)
 
*[[Basis swap]]
*[[bond forward]]
*[[bullion option]]
*[[bullion swap]]
*[[bullion trade]]
*[[buy/sell-back transaction]]
*[[cap transaction]]
*[[collar transaction]]
*[[commodity index transaction]]
*[[commodity swap]]
*[[contingent credit default swap]]
*[[credit default swap option]]
*[[credit default swap]]
*[[credit derivative transaction on asset-backed securities]]
*[[credit spread transaction]]
*[[cross currency rate swap]]
*[[currency option]]
*[[economic statistic transaction]]
*[[emissions allowance transaction]]
*[[equity forward]]
*[[equity index option]]
*[[equity option]]
*[[equity swap]]
*[[floor transaction]]
*[[foreign exchange transaction]]
*[[forward rate transaction]]
*[[fund option transaction]]
*[[fund forward transaction]]
*[[interest rate option]]
*[[interest rate swap]]
*[[longevity/mortality transaction]]
*[[physical commodity transaction]]
*[[property index derivative transaction]]
*[[repurchase transaction]]
*[[securities lending transaction]]
*[[swap deliverable contingent credit default swap]]
*[[total return swap]]
*[[weather index transaction]]

Latest revision as of 11:21, 2 October 2023

2002 ISDA Master Agreement

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Transaction in a Nutshell™

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Transaction in all its glory

“Transaction” has the meaning specified in the preamble.

Related agreements and comparisons

Click here for the text of Section Transaction in the 1992 ISDA
Template:Isdadiff Transaction

Resources and Navigation

This provision in the 1992

Resources Wikitext | Nutshell wikitext | 1992 ISDA wikitext | 2002 vs 1992 Showdown | 2006 ISDA Definitions | 2008 ISDA | JC’s ISDA code project
Navigation Preamble | 1 • (a) (b) (c) | 2 • (a) (b) (c) (d) | 3 • (a) (b) (c) (d) (e) (f) (g) | 4 • (a) (b) (c) (d) (e) | 5 • 5(a) Events of Default: 5(a)(i) Failure to Pay or Deliver 5(a)(ii) Breach of Agreement 5(a)(iii) Credit Support Default 5(a)(iv) Misrepresentation 5(a)(v) Default Under Specified Transaction 5(a)(vi) Cross Default 5(a)(vii) Bankruptcy 5(a)(viii) Merger Without Assumption 5(b) Termination Events: 5(b)(i) Illegality 5(b)(ii) Force Majeure Event 5(b)(iii) Tax Event 5(b)(iv) Tax Event Upon Merger 5(b)(v) Credit Event Upon Merger 5(b)(vi) Additional Termination Event (c) (d) (e) | 6 • (a) (b) (c) (d) (e) (f) | 7 | 8 • (a) (b) (c) (d) | 9 • (a) (b) (c) (d) (e) (f) (g) (h) | 10 | 11 | 12 • (a) (b) | 13 • (a) (b) (c) (d) | 14 |

Index: Click ᐅ to expand:
2002 ISDA
1992 ISDA

Overview

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Summary

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These are the types of transaction that are contemplated for netting purposes in the ISDA opinion (for England)

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See also

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References

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