1997 EMU Continuity Provision

The Provision is intended for use in existing and future ISDA Master Agreements where the parties wish to document their intention that European economic and monetary union (“EMU”) should not affect the continuity of their contract. The provision enable parties to confirm in their ISDA Master Agreement that the EMU will not give either party the unilateral right to walk away from, or modify the terms of, any transaction governed by the Agreement.

Free downloads for 1997 EMU Continuity Provision (1)