Stick to the fax? Isda seeks to revamp close-out notice methods

Plans to update termination notice provisions still won’t quite pull the plug on use of fax machines

Fax-machines-are-still-required-by-derivatives-lawyers
Risk.net montage

As a derivatives lawyer might tell you: you can’t argue with the fax. And while you’d be forgiven for thinking the days of dial-up technology were over, for some, the trusty fax machine is still a critical part of terminating a derivatives contract.

Under the Isda master agreement – the industry-standard contract from the International Swaps and Derivatives Association – closing out a contract requires parties to either physically hand over the notice at the address of their counterparty’s

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 copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: