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LexisNexis Practical Guidance®
Straightforward guidance across a range of topics
- Derivatives
- ISDA documentation for OTC transactions
Comparing negotiations of the 1992 ISDA master agreement (multicurrency — cross border) and the 2002 ISDA master agreement
The International Swaps and Derivatives Association, Inc (ISDA) publishes two versions of its Master Agreement, which sets out the terms and conditions for over-the-counter (OTC) derivatives transactions. They are:
- • the ISDA Master Agreement (multicurrency — cross border) (the 1992 Master Agreement); and
- • the ISDA 2002 Master Agreement (the 2002 Master Agreement).
This guidance note summarises the key changes brought about in the 2002 Master Agreement and highlights negotiation points for the 2002 Master Agreement as compared to the 1992 Master Agreement.
See Comparing negotiations of the 1992 ISDA master agreement (Multicurrency — cross border) and the 2002 ISDA master agreement.
