The Energy Bridge, which is based on the 2001 ISDA Cross-Agreement Bridge is intended to permit a party, upon the occurrence of a designated Bridging Event with respect to the other party, to close out transactions under the ISDA Master Agreement and transactions under designated other agreements. Net close-out amounts under the Bridged Agreements are incorporated into Section 6(e)’s close-out calculation under the ISDA Master Agreement as Unpaid Amounts.

A Commentary to the 2002 ISDA Energy Bridge is also provided. The Commentary analyzes the provisions of the 2002 ISDA Energy Bridge and highlights some of the benefits of the approach.