About
Navigating the ISDAŽ Master Agreement can be a daunting task, even for the most seasoned professional. Whether you are involved in foreign exchange, equity, credit or commodity derivatives, the ISDAŽ Master Agreement is a key document to establishing trading relationships. A full understanding of the ISDAŽ Master Agreement is critical to ensure that you are adequately protecting your firm when you are trading these financial instruments.
When originally proposed, the 2002 ISDAŽ Master Agreement was meant to replace the 1992 ISDAŽ Master Agreement as the industry standard document for establishing financial trading relationships. Though that was the intent, there are many market participants who prefer and continue to use the 1992 ISDAŽ Master Agreement. While there is this continuing split between those who prefer the 1992 Master Agreement versus 2002 Agreement, it is very important for you to understand the similarities and differences within each Agreement.
The American Conference Institute has developed a publication that will give you the tools to ensure that you are most effective in negotiating, tailoring and using the ISDAŽ Master Agreement. The publication will provide you with in-depth and practical information on:
The different Events of Defaults and Termination provisions of the ISDAŽ
Solutions to key concerns when negotiating Additional Termination Events (ATEs)
Differences between the 1992 and the 2002 ISDAŽ Master Agreement
Whether a Force Majeure provision is right for your firm
Collateral provisions of the CSA
Contents & Contributors
ASSET SWAPS, CREDIT DEFAULT SWAPS, TOTAL RETURN SWAPS
Devi S. Koya, Partner, McDermott Will & Emery LLP
UNDERSTANDING THE DIFFERENCES BETWEEN THE 1992 AND 2002 ISDAŽ MASTER AGREEMENTS
Adele M. R. Raspé, XL America
UNDERSTANDING THE DIFFERENCES BETWEEN THE 1992 AND 2002 ISDAŽ MASTER AGREEMENTS
Craig Stein, Schulte Roth & Zabel LLP
EXAMINING CLOSE-OUT AMOUNT MECHANICS
Gary Rosenblum, Merrill Lynch
Tim Andrews, HSBC Bank
Ray Shirazi, Cadwalader, Wickersham & Taft LLP
Michael Macchiarola, Cadwalader, Wickersham & Taft LLP
NEGOTIATING THE CREDIT SUPPORT ANNEX (CSA) -- ARM CONTROL FOR "FINANCIAL INSTRUMENTS OF MASS DESTRUCTION"
Warren Davis, Sutherland, Asbill & Brennan
INTEGRATING COLLATERAL INTO THE ISDA 1992 & 2002 MASTER AGREEMENTS
RC Whitehead, Bear Sterns & Co., Inc.
FORCE MAJEURE
Donald M. Caiazza, Bank of America
ISDA'S "BASIC SET-OFF PROVISION"
Stephen McMorran, Credit Suisse First Boston
END-USERS' CONSIDERATIONS WHEN REVIEWING ATES AND CALCULATION AGENT PROVISIONS
Christopher Appler, General Counsel, Drake Management LLC
BANKRUPTCY: RECENT DEVELOPMENTS AND STRATEGIES TO PROTECT YOURSELF
Wilbur F. Foster, Jr., Milbank, Tweed, Hadley & McCloy LLP
SET-OFF AND THE ISDA MASTER AGREEMENT
Michael Mask, UBS Investment Bank
RECENT TRENDS IN DOCUMENTING COMMODITIES TRANSACTIONS
Ed Zabrocki, Morgan Stanley & Co., Inc.
TERMINATION AND SETOFF RIGHTS INDERIVATIVES TRANSACTIONS UNDER STATE INSURANCE INSOLVENCY LAWS
Sherri Venokur, Strook & Stroock & Lavan, LLP
William D. Latza, Strook & Stroock & Lavan, LLP
Fred Garsson, Strook & Stroock & Lavan, LLP
MASTER AGREEMENT CONSIDERATIONS IN DEALING WITH U.S. INSURANCE COMPANIES AND WITH NON-US COUNTERPARTS
Stephen Kruft, Swiss Re Financial Services Corporation
Publication Details