ISDA Master Agreement: A Practical Guide (US)

Summary

This practice note discusses the International Swap Dealers Association’s (“ISDA”) published standardized documentation that sets forth a framework for documenting most over-the-counter (“OTC”) derivative transactions. This documentation is used by operating companies and financial institutions for hedging commodity, interest rate, currency and other risks that may affect their business operations. In addition, hedge funds, banks and other entities use this documentation to make investments or speculate on commodities, equities, bonds, interest rates, currencies and other economic assets.