The 1997 ISDA Bullion Definitions are jointly published by ISDA and LBMA and are intended for use in confirmations of individual transactions governed by agreements such as the 1992 ISDA Master Agreements to document cash-settled and physically-settled (on an unallocated basis) bullion spot and forward trades and options and cash-settled bullion swaps, caps, collars, floors and swaptions. Bullion, as used in these Definitions, means each of gold, silver, platinum and palladium.