Revising the Master
The 2002 Master Agreement has been published by the ISDA to expand the scope of its predecessor. However, there are still a few glitches that need to be ironed out. David Aron and Devi Koya report
On 9 January the International Swaps and Derivatives Association (ISDA) published its 2002 Master Agreement, drafted both to incorporate provisions that parties generally add to their schedules to the 1992 ISDA Master Agreement, and to reflect legislative, judicial and derivative product developments since that agreement was drawn up.
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