Legal Guidelines for Smart Derivatives Contracts: The ISDA Master Agreement

ISDA has published the second in a series of legal guidelines for smart derivatives contracts, intended to explain the core principles of ISDA documentation and to raise awareness of important legal terms that should be maintained when a technology solution is applied to derivatives trading.

The second paper summarizes the main elements of the ISDA Master Agreement, and sets out possible considerations for technology developers.

Further papers will follow that will provide more detailed analysis on other ISDA documents.

These guidelines are not intended to specify or recommend any particular approach, or address any particular technological application or project. Rather, they are intended to provide high-level guidance on the legal documentation and framework that currently governs derivatives trading, and to point out certain issues that may need to be considered by technology developers when introducing technology into that framework.

Click on the PDF below to read the paper.

The first paper – Legal Guidelines for Smart Derivatives Contracts: Introduction – is available here.

Want to know more? ISDA is offering Symposiums on Smart Contracts in London and New York:

LONDON
February 27, 2019
Agenda | Register
 NEW YORK
March 6, 2019
Agenda | Register

Documents (1) for Legal Guidelines for Smart Derivatives Contracts: The ISDA Master Agreement

ISDA Response on Clearing Costs

On September 8, ISDA responded to consultation by the European Securities and Markets Authority (ESMA) on a draft regulatory technical standard on clearing fees and associated costs (article 7c(4) of the European Market Infrastructure Regulation (EMIR)). In the response, ISDA...

ISDA Response on Margin Transparency

On September 8, ISDA responded to a consultation by the European Securities and Markets Authority (ESMA) on a draft regulatory technical standard under the European Market Infrastructure Regulation (EMIR 3.0) on margin transparency requirements. ISDA’s members are supportive of margin...

Paper on Liquidity Assessment for Single-name CDS

On September 5, ISDA submitted a paper to the European Securities and Markets Authority (ESMA) and the European Commission in support of its earlier response to ESMA’s Markets in Financial Instruments Regulation (MIFIR) review consultation package 4 (CP4) on transparency...