Amendment to the ISDA Master Agreement for use in relation to Section 2(a)(iii) and explanatory memorandum

ISDA has today published the Amendment to the ISDA Master Agreement for use in relation to Section 2(a)(iii) for market participants who wish to amend their ISDA Master Agreements to insert a time limit on the operation of that provision in circumstances where an event of default has occurred in relation to one of the parties. Alongside this Amendment, ISDA has published an explanatory memorandum. Both documents are available for free download in the ISDA Bookstore.