The ISDA 2013 ICE Brent Protocol offers market participants an efficient way to amend the terms of certain derivatives transactions to address the impact of the decision by ICE Futures Europe (“ICE”) to (i) change expiry dates for ICE Brent futures and options contracts to a month-ahead expiry calendar with respect to March 2016 and later contract months and (ii) require a cash adjustment as a result of such change (the “ICE Brent Transition”).

The ISDA 2013 Discontinued Rates Maturities Protocol enables parties to amend the terms of Protocol Covered Transactions to address future rate discontinuations where longer and shorter maturities remain for a discontinued rate

ISDA 2012 FATCA Protocol addresses the effects of the Foreign Account Tax Compliance Act (FATCA) on derivatives transactions.

The purpose of the protocol is to enable swap dealers that are parties to Covered Give-up Arrangements to incorporate into those agreements an apportionment of responsibilities, pursuant to a CFTC Interim Final Rule issued on April 30th, for compliance with obligations under the CFTC’s External Business Conduct Standards. ISDA, the FXC (Foreign Exchange Committee) and the FMLG (Financial Markets Lawyers Group) have developed Annex A to the protocol which provides for the allocation of responsibilities between two registered swap dealers as provided in the no action relief.

ISDA 2013 Reporting Protocol to enable parties to amend the terms of Protocol Covered Agreements

The Protocol enables parties to amend the terms of their ISDA Master Agreements to reflect certain know your counterparty requirements.

The ISDA 2020 UK EMIR Portfolio Reconciliation, Dispute Resolution and Disclosure Protocol enables parties to to Protocol Covered Agreements to amend the terms of each such Protocol Covered Agreement to reflect certain portfolio reconciliation and dispute resolution obligations imposed by Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories (EMIR) as it forms part of ‘retained EU law’ as defined in the European Union (Withdrawal) Act 2018 (UK EMIR) and to include certain confidentiality waivers relating to reporting and record keeping obligations under UK EMIR.

The ISDA 2016 Variation Margin Protocol is designed to help market participants comply with new rules on margin for uncleared swaps. The Protocol addresses documentation changes necessary to comply with the variation margin requirements that will apply to a large number of market participants in various jurisdictions from March 2017.

The Protocol is relevant for parties that entered into credit derivatives transactions referencing German banks. On July 21, 2018, a change in German law allowed German banks to issue two types of senior unsecured debt obligations – senior preferred and senior non-preferred. On November 26, 2018, the ISDA Credit Steering Committee issued a statement regarding changes to the documentation practice for credit default swap transactions referencing German banks to allow for trading of CDS on both senior preferred and senior non-preferred terms. The Protocol amends legacy transactions referencing certain German banks to apply these new documentation terms to ensure fungibility with new transactions.
**IMPORTANT UPDATE** The Cut-off Date for adherence to this Protocol has been extended to Friday, April 26, 2019. The Cut-off Time remains 5:00 p.m., New York time. The Implementation Date is now May 11, 2019.

**IMPORTANT UPDATE on the ISDA 2019 German Bank CDS Protocol:** This protocol is now closed as of 5 pm, New York time, on Friday, April 26, 2019, and per the terms of the protocol agreement you are no longer able to submit an adherence letter for this protocol. ISDA has determined that ten Reference Banks have adhered to the Protocol as at 5pm New York time on Friday, April 26, 2019, and therefore the Protocol Effectiveness Condition is satisfied.

The ISDA 2019 NTCE Protocol allows parties to amend their legacy transactions to incorporate the 2019 Narrowly Tailored Credit Event Supplement to the 2014 ISDA Credit Derivatives Definitions.

**IMPORTANT UPDATE on the ISDA 2019 NTCE Protocol** The Cut-off Date for adherence to this Protocol has been further extended to Friday, November 8, 2019 at 12 noon. The Cut-off Time for purposes of revoking adherence remains 5:00 p.m. New York time.

**IMPORTANT UPDATE on the ISDA 2019 NTCE Protocol:** This protocol originally closed as of 12 pm, New York time, on Friday, November 8, 2019. ISDA determined that nine Reference Banks have adhered to the Protocol as at 5pm New York time on Friday, November 8, 2019, and therefore the Protocol Effectiveness Condition is satisfied. Please note that the Implementation Date has been extended to January 27, 2020.

**IMPORTANT UPDATE on the ISDA 2019 NTCE Protocol:** The protocol reopened on Monday, January 6, 2020 and will remain open until 12 noon New York time on Friday, January 24, 2020 to allow new market participants time to adhere to the Protocol and for any adherence errors to be corrected. We note that entities that have already adhered do not need to do anything further, as your adherence remains valid.

** ICE Clear Credit LLC, ICE Clear Europe Limited and LCH S.A. have notified ISDA that it has received all relevant regulatory authorizations and will implement on the Implementation Date equivalent amendments to those made under the Protocol, and therefore the CCP Condition is satisfied. **