The Model Netting Act draws on ISDA’s 30 years of experience of working with policy-makers and regulators across the globe on close-out netting legislation, and provides guidance and model provisions for those legislators looking to increase legal certainty under local law for netting. The 2018 act and accompanying guide expand upon previous versions, with updates to reflect the widespread adoption of bank resolution regimes, the introduction of mandatory margin requirements and the growth of Islamic finance. Translations into several languages are available.
On October 15, 2018, ISDA held a webinar on the Model Netting Act and Guide, which you can find out about here.
Documents (7) for 2018 Model Netting Act and Guide
- FINAL 2018 ISDA Model Netting Act and Guide Oct15(pdf) will open in a new tab or window
- 2018 ISDA Model Netting Act and Guide – Bahasa Indonesia translation(pdf) will open in a new tab or window
- 2018 ISDA Model Netting Act and Guide - French Translation(pdf) will open in a new tab or window
- 2018 ISDA Model Netting Act and Guide - Portuguese Translation(pdf) will open in a new tab or window
- 2018 ISDA Model Netting Act and Guide – Spanish Translation(pdf) will open in a new tab or window
- 2018 ISDA Model Netting Act and Guide – Vietnamese translation(pdf) will open in a new tab or window
- IQ: ISDA Quarterly article by Habib Motani on Close-out Netting, February 2021(pdf) will open in a new tab or window
Latest
ISDA Response on Hedge Accounting Guidance
On August 14, ISDA responded to an exposure draft from the Financial Accounting Standards Board (FASB). ISDA broadly supports the FASB’s proposed targeted improvements to hedge accounting, including allowing interest rate hedging of held-to-maturity (HTM) debt securities, recognizing all Secured...
Joint Response to EBA Consultation
On August 12, ISDA and the Association for Financial Markets in Europe (AFME) responded to the European Banking Authority’s discussion paper on certain taxonomy key performance indicators (KPIs) and other aspects of the Disclosures Delegated Act under Article 8 of...
Response to JSCC on Clearing Fund Consolidation
On August 12, ISDA responded to the Japan Securities Clearing Corporation’s (JSCC) consultation on its proposal to consolidate clearing fund consumption, calculation and deposit segmentation across six clearing qualifications under the Financial Instruments and Exchange Act. ISDA members broadly support...
Response on CSDD Guidelines
On August 6, ISDA responded to the European Commission’s (EC) consultation on due diligence guidelines under the Corporate Sustainability Due Diligence Directive (CSDDD). While ISDA acknowledges that model contractual clauses can be a helpful resource for in-scope companies, there are...