Return to ISDA home
ISDA Bookstore

Login for Membership Discount Price

View/Edit Your Details

My Electronic Documents

Logout

ISDA® Bookstore
ISDA CLEARED SWAP DOCUMENTATION

ISDA/FIA EUROPE CLEARED DERIVATIVES EXECUTION AGREEMENT

The non-US, English law Cleared Derivatives Execution Agreement is a template for use by market participants in negotiating execution-related agreements with counterparties to swaps that are intended to be cleared. The document is intended to facilitate the entry into of derivatives transactions and the clearing of such transactions with one or more CCPs located outside of the US and can be used in conjunction with the ISDA/FOA Client Clearing Addendum.

Free Download
Click here to view/download word (format) (CDEA)


ISDA/FOA Client Cleared OTC Derivatives Addendum

The ISDA/FOA Client Cleared OTC Derivatives Addendum is a template for use by cleared swaps market participants to document the relationship between a clearing member and its client for purposes of clearing over-the-counter derivatives transactions across CCPs that use the principal-to-principal client clearing model. The form of Addendum was updated on 8 July 2013 to add an additional option in the CSA Elections Table in relation to Valuation Timing, and to correct some minor typographical errors; a blackline showing the changes is available below. A form of Paragraph 11 to the ISDA English Law Credit Support Annex is available for use with the Addendum. This was updated on 22 July 2014 to align the definition of Exposure with that provided in the 2002 ISDA Master Agreement Protocol and to correct some minor cross-referencing and typographical errors; a blackline showing the changes is available below.

Free Download
Click here to view/download (ADDENDUM) (updated 5 July 2013)
Click here to view/download (ADDENDUM) (blackline)
Click here to view/download (CSA PARAGRAPH 11)
Click here to view/download (CSA PARAGRAPH 11 blackline)


FIA-ISDA CLEARED DERIVATIVES EXECUTION AGREEMENT - Version 1.1

(Version 1.1, published September 20, 2012, replaces Version 1)

The Cleared Derivatives Execution Agreement is a template for use by cleared swaps market participants in negotiating execution-related agreements with counterparties to swaps that are intended to be cleared through U.S. Futures Commission Merchants. The Memorandum explains the changes between Version 1 and Version 1.1.

Free Download
Click here to view/download word (format) (AGREEMENT)
Click here to view/download pdf (format) (MEMORANDUM)


FIA-ISDA CLEARED DERIVATIVES ADDENDUM
The FIA-ISDA Cleared Derivatives Addendum is a template for use by cleared swaps market participants to document the relationship between a clearing member and its customer for purposes of clearing over-the-counter derivatives transactions (referred to as "Cleared Derivatives Transactions"). It is intended for use where the clearing member is a registered futures commission merchant under US law. The Addendum is generally designed to be a supplement to the parties' futures clearing agreement, and the Addendum will supersede that underlying agreement only with respect to Cleared Derivatives Transactions. Among other provisions, the Addendum contains representations reflecting the US regulatory regime applicable to Cleared Derivatives Transactions, procedures for the clearing member to close out and liquidate Cleared Derivatives Transactions following a Close-out Event or Tax Liquidation Event and tax provisions relating to Cleared Derivatives Transactions.

Free Download
Click here to view/download word (format)


FIA-ISDA CLEARED DERIVATIVES EXECUTION AGREEMENT
The Cleared Derivatives Execution Agreement is a template for use by cleared swaps market participants in negotiating execution-related agreements with counterparties to swaps that are intended to be cleared.  The Memorandum, together with the Annex thereto, includes important information relating to the use of the Cleared Derivatives Execution Agreement, a brief description of the intention of each section of the Cleared Derivatives Execution Agreement that is unique to the execution of a cleared swap transaction and a comparison of execution arrangements.

Free Download
Click here to view/download pdf (format) (AGREEMENT)
Click here to view/download pdf (format) (MEMORANDUM)
Click here to view/download pdf (format) (MEMORANDUM - ANNEX A)


RECOMMENDED COMMON PRINCIPLES FOR RELATIONSHIPS BETWEEN CUSTOMER AND EB AND CM
(November 2009)

The principles are intended to facilitate negotiation of relevant agreements in the context of different clearing platforms. 

Free Download
Click here to view/download pdf (format)

 

© 1995 - 2014 International Swaps and Derivatives Association, Inc. Privacy policy