New Isda equity definitions to 'stand the test of time', lawyers claim

Paper chase - Dodd-Frank Act
Definitions run to over 300 pages

After a 17-month process involving more than 60 market participants, the International Swaps and Derivatives Association published updated documentation for equity derivatives on July 11. Sources involved in the discussions say they were fraught at times, and not everyone was satisfied with the final outcome.

The 300-page definitions book is an attempt to create a flexible framework that can accommodate new product types without becoming obsolete – a fate that befell the previous set of

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