The 2005 ISDA Master Give-Up Agreement documents the relationship between a dealer that executes particular types of transactions and a prime broker that becomes the ultimate counterparty to those transactions when the “designated party” gives up those transactions to the prime broker. The Agreement contains standard provisions that reflect market conventions for the prime broker-dealer relationship and offers a Schedule to the Agreement to permit elections to be made upon agreement between the parties.

Schedule to the 2005 Give-Up Agreement

Schedule to the 2005 Give-Up Agreement is available in Word format (Free Download).

Compensation Agreement

The Compensation Agreement is a separate, stand-alone agreement between the designated party and the dealer. The Compensation Agreement provides that if the prime broker does not accept a transaction executed between the designated party and the dealer, the dealer can require that compensation be paid for any cost or expense that is incurred upon the close-out of a position resulting from the executed trade.