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.
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.
There are currently 23 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.
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.