Derivatives — ISDA documentation framework

The International Swaps and Derivatives Association (ISDA) has produced documentation that is used globally by derivative market participants. In order to be able to document derivative transactions an understanding of ISDA documentation is required. The ISDA documentation architecture for over-the-counter derivatives involves layers of documentation. While constituting a single agreement the key layers are as follows:

• • Master Agreement;
• • Schedule;
• • Credit support documents (only applicable if the parties require collateral or security to be provided); and
• • Confirmations.

This guidance note explains the key ISDA documents, their framework and how they interrelate.

See ISDA documentation framework.