The 2001 ISDA Credit Support Protocol offers market participants the ability to amend the 1994 ISDA Credit Support Annex (New York law) and/or the 1995 ISDA Credit Support Annex (English law). Specifically, market participants may elect to amend provisions relating to transfer timing, dispute resolution, substitutions or exchanges of credit support and certain definitions.
Adhering to the 2001 ISDA Credit Support Protocol will simplify the process of amending contracts entered into using ISDA’s standard form documentation. If undertaken through bilateral negotiation, contractual amendments to the credit support documentation could involve significant costs and time.
ISDA would like to encourage all market participants using the 1994 ISDA Credit Support Annex or the 1995 ISDA Credit Support Annex to consider adhering to the 2001 Credit Support Protocol between 1 August 2001 and 28 February 2002.
List of Adhering Parties
2001 ISDA Credit Support Protocol Text and Form of Adherence Letter
Adherence Letter Submission Process
Policy Regarding Conformed Copies
2001 ISDA Credit Support Protocol Opinions