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.
While the fundamental structure of the 2002 Master follows the structure of its predecessor, it has been expanded in scope to include equity, credit and weather derivatives and other transactions that were not included in the 1992 agreement.
