ISDA Create is an online platform that allows buy- and sell-side firms to electronically negotiate their documentation, making the negotiation process far more efficient and less time consuming, as well as allowing for the capture of legal and commercial data within the documents without any additional effort.

This page contains all relevant information relating to ISDA Create, including demos, fact sheets, webinars, product presentations and access to the ISDA Create platform. If you have any questions or would like further information, please contact the ISDA Create team.

To schedule an online demo of the ISDA Create platform, please visit https://isdacreate.as.me/schedule.php to select a time slot, or contact onboarding@linklaters.com.

This page is separated into six sections:

1. Background
2. Features
3. Benefits
4. Documentation
5. Fact Sheets / Presentations / Press Releases
6. Webinars / Videos

ISDA Create allows organizations to generate, negotiate and execute documentation completely online, as well as capture, process and store data from these documents. Originally launched to help firms negotiate initial margin (IM) documentation to comply with new margin rules, the platform has been extended to other documents, including the ISDA Master Agreement.

ISDA Create offers a rich set of user-friendly features, a full audit trail of the negotiation history, risk management tools and real-time transparency on progress with every counterparty – all through a single digital platform.

ISDA Create is a collaboration between ISDA and Linklaters and is powered by CreateIQ, which leverages the same architecture, user interface, workflows and data model. CreateIQ allows for the publishing and negotiation of non-ISDA documents. This includes, but is not limited to, publication of your proprietary forms, NDAs, Loan Agreements, Employment Contracts, additional Master Agreements and more.

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Detailed below is a workflow diagram that highlights how the ISDA Create solution functions.

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• Automates the creation, negotiation and execution of documentation with multiple counterparties at the same time;
• Improves the efficiency of the negotiation process, making it far less time consuming;
• Enhances coordination across an organization, providing value to trading and sales, onboarding, legal, credit and risk, collateral, operations and technology functions;
• Provides commercial, risk management and resource management functions, data and analytics;
• Allows external advisors to draft and negotiate documents on behalf of the user;
• Removes the requirement for any post-execution data transfer from negotiated documentation into internal systems, reducing the potential for errors;
• Allows firms to opt for standard elections set out in the system, as well as customize where necessary and without limitation;
• Stores all data on the system digitally, with the ability to pull this information into internal systems if desired.

ISDA Create is being continually developed and enhanced to ensure it evolves with market changes.

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• Regulatory Initial Margin (IM):
  • There are currently 24 IM-related documents on ISDA Create, covering multiple jurisdictions. This includes the IM-Credit Support Annex governed by New York Law, the IM-Credit Support Deed governed by English Law, as well as collateral documents for use with a bank custodian, Euroclear and Clearstream platforms. In addition to bilateral negotiation of Reg-IM publications, ISDA Create’s IM module supports negotiation of Custody Agreements and Account Control Agreements by custodians who publish their forms on the platform.

• Variation Margin (VM):
  • In June 2022, ISDA and Linklaters announced the launch of a new VM module that embeds the ISDA Clause Library for credit support documentation within the relevant VM documents on the platform. The new module allows users to draft and agree VM documents faster and more efficiently, as well as capture the resulting structured legal data for use in downstream operations.

• Benchmark Reform Amendment Agreements:
  • ISDA has published a number of documents to assist entities with their transition from interbank offered rates (IBORs) to alternative risk-free rates (RFRs). This suite of benchmark reform documents are available for negotiation on ISDA Create. For example, the EONIA Bilateral Amendment Agreement enables parties to amend one or more of their existing confirmations, credit support documents and/or master agreements to update references to EONIA in light of the anticipated permanent cessation of EONIA on January 3, 2022. Additionally, the Bilateral Forms for IBOR Fallbacks allow counterparties to negotiate certain modifications to the terms of the IBOR Fallbacks Supplement and the IBOR Fallbacks Protocol or, agree to include the new fallbacks in transactions entered before January 25, 2020 if one or both counterparties has not adhered to the IBOR Fallbacks Protocol.

• Standard Amendment Agreements:
  • These forms, which are adapted from the March 2003 ISDA published form, allow users to complete any amendment to one or more ISDA published documents.

• ISDA Master Agreement:
  • The ISDA Master Agreement is the standard contract used to govern all over-the-counter (OTC) transactions entered between parties seeking to form a derivatives trading relationship. The 1992 ISDA Master Agreement (Multicurrency – Cross Border), the ISDA 2002 Master Agreement and the ISDA Clause Library, which provides standardized drafting options for certain provisions within the ISDA Master Agreement, are available for negotiation on the platform.

• Bank of New York Mellon Account Control Agreements (ACAs):
  • These Account Control Agreements are used during triparty custodial negotiations and are handled through a process driven by each entity’s Relationship Manager. Please see the “Press Releases” section for more info.

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Listed below are a number of webinars and videos covering the latest functionality and document releases on ISDA Create.

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