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ISDA? Master Agreement - Meaning

A market standard agreement, published by ISDA?, to facilitate the trading of Over-the-Counter (OTC) derivatives between two parties. There are two commonly used versions of the ISDA Master Agreement��the 1992 and 2002 versions. Each is supplemented by a Schedule which contains bespoke credit, legal and operational terms negotiated between the parties. The ISDA Master Agreement, including the Schedule and the individual Transactions executed pursuant to the terms of the ISDA Master Agreement (as evidenced by trade Confirmations), are deemed to form part of the same indivisible contract (referred to as the ��single agreement�� concept).

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