The ISDA Documentation Committee provides overall direction for all documentation projects and supervises their respective working groups. The Committee expands and updates the library of ISDA documentation and works to ensure the enforceability of the netting provisions of the Master Agreements.

  • European Co-Chairs: Serge Salabi (BNP Paribas) and Rick Sandilands (Lehman Brothers)
  • Japan Chair: Teruo Tanaka (Royal Bank of Scotland)
  • North America Co-Chairs: Chip Goodrich (Deutsche Bank) and Don Thompson (JP Morgan Chase)
  • North America Staff Contact: Breda Walsh -- (bwalsh@isda.org)
How to Join

CURRENT ISDA DOCUMENTATION PROJECTS
STATUS REPORT

(As of November 1, 2007)

PROJECT

STATUS

PROJECTED OR ACTUAL COMPLETION DATE

CREDIT DERIVATIVES

ABX Swaption Template

- Work will commence on this project in November.

February 2008

ABS Hedging Documentation Project

- First draft of collateral posting provisions for use in a CSA under ABS hedging transactions was distributed in May.  Revised drafts are periodically distributed.

On-going

BOND DERIVATIVES

2007 ISDA Master Bond Total Return Swap Derivatives Confirmation Agreement

- Revised draft of corporate bond form and questionnaire circulated on May 30.

November 2007

EQUITY DOCUMENTATION PROJECTS

 

 

AEJ Swap/Option MCA

Currently discussing AEJ open market swap and option documentation.

On-going

European Equity Swap

EFS Annex published September 2007. Additional annexes currently being discussed.

On-going

Japan Share/Index Option MCA

Revised templates distributed periodically.

On-going

U.S. Listed Look-alike Option MCA

Revised templates distributed periodically.

On-going

Japan Dividend Swap

Revised templates distributed periodically.

On-going

FOREIGN EXCHANGE

Annex A to 1998 FX and Currency Option Definitions (ISDA/EMTA/FX Committee)

- Revised sections of the Annex are available on the ISDA website under "Bookstore."

On-going

INTEREST RATE PRODUCTS

Supplements to the 2006 ISDA Definitions

- Supplements will be published from time to time on the ISDA's website under "Bookstore."

On-going

EMTA/ISDA Working Group

This group is developing a template for Non-Deliverable Interest Rate Swap Transactions. Revised drafts distributed periodically.

On-going

OPINIONS

Netting Opinions

- Netting opinion updates for 2007 were requested from counsel in September. These are made available on the website as received.  

On-going

Collateral Opinions

- Collateral opinion updates for 2007 were requested from counsel in September. These are made available on the website as received.

On-going

OTHER

Covered Bonds Schedules           

- ISDA is developing a series of standardized riders to the Schedule to the ISDA Master Agreement.  Each Schedule would contain amendments to the ISDA Master Agreement and would offer jurisdiction-specific provisions, but would share certain similar provisions across all Schedule templates developed.  Country specific riders are periodically distributed.

On-going

Depository Receipt Annex Working Group

This group is developing the Partial Lookthrough Template and Supplement. Revised drafts distributed periodically.

On-going

 

 

 

  Last Updated: November 1, 2007

 

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