Thursday May 15 2014
News Source: Global Exchanges
Focus: Other
Type: General
Country: International
The International Swaps and Derivatives Association, Inc. (ISDA) and FIA Europe have jointly announced the publication of the ISDA/FIA Europe Cleared Derivatives Execution Agreement for principal-principal client clearing.
The Agreement is designed to be used as a template for market participants when negotiating execution agreements under English law for swaps that are intended to be cleared by central counterparties located outside the US.
The Agreement was developed with the assistance of a working group of both buy and sell-side institutions in the European cleared over-the-counter (OTC) derivatives markets.
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