Landmark development - The Isda master agreement (1993)

Risk staff
01 Jul 2007

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

In the early 1980s, most swap dealers had their own standard form proprietary contracts. Linguistic and procedural norms differed from firm to firm, right down to the definition of swap counterparties and how to determine Libor. Every deal required the drawing up of comprehensive standalone legal agreements, painstakingly picked over by lawyers and negotiating teams. Not only was this complicated, it was inefficient: the legal separation of trades meant there was no basis for close-out netting

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact info@risk.net to find out more.

You are currently unable to copy this content. Please contact info@risk.net to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@risk.net

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@risk.net