FBF/ISDA Master Pledge Agreement (IM) (English and French language versions available)

The FBF/ISDA Master Pledge Agreement (IM) is published jointly by ISDA and the Federation Bancaire Francaise (FBF). It allows parties to document an initial margin arrangement under the FBF/AFB Master Agreement to comply with margin regulations for non-cleared swaps. The document is based on the English law 2016 ISDA Phase One IM Credit Support Deed, and adapts the English law provisions to work with the FBF/AFB Master Agreement and to comply with French law. The Agreement is available for use both in English and in French.

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