Recipient PCA Principal Annex

To adhere to the Protocol and for FAQs and other information regarding the Protocol, please go to the ISDA 2016 Variation Margin Protocol page.
For a description of the documents below, please see “How is the Protocol structured? What is the purpose of the different Protocol documents?” on the Protocol FAQs page.

Recipient PCA Principal Annex

Revised EMIR Supplemental Annex (Dec. 16, 2016)

Japanese Notification Time Amendments Supplemental Annex (Jan. 13, 2017)

Non-netting Supplemental Annex (Jan. 20, 2017)

Segregation Amendments Supplemental Annex (Jan. 26, 2017)

Swiss (FMIA) rules Supplemental Annex (May 9, 2017)

Response to MAS on Recovery and Resolution

On May 8, ISDA and the FIA responded to the Monetary Authority of Singapore’s (MAS) consultation on recovery and resolution planning and enhancement of resolution powers for capital market infrastructures. The response supports the proposed framework for recovery and orderly...

SwapsInfo First Quarter of 2026 Review

Trading activity in interest rate derivatives (IRD) and credit derivatives increased in the first quarter of 2026 compared to the first quarter of 2025. IRD traded notional grew by 38.1%, led by increased activity in overnight index swaps (OIS). Index...