ISDA’s French law and Irish law versions of the 2002 Master Agreement and related regulatory and non-regulatory credit support documents are intended to provide choice to firms that wish to trade under an EU member state law, enabling them to opt for whichever ISDA documents best suit their needs.
In the above video, ISDA’s general counsel Katherine Tew Darras speaks with Alban Caillemer du Ferrage, partner at Jones Day, and Judith Lawless, partner at McCann FitzGerald LLP, on the benefits of the documents and how they provide market participants with a choice if they wish to trade under an EU member state law.
Click here to download a factsheet providing an overview of the variety of reasons market participants may opt to use the French or Irish law versions of ISDA documents.
Latest
Response to FCA on CFI Codes for Transparency
On March 19, ISDA responded to Chapter 3 of the UK Financial Conduct Authority’s (FCA) Quarterly Consultation CP26/8 on transparency requirements for financial instruments under Market Conduct Sourcebook (MAR) 11. Sections 3.11-3.13 of the consultation paper explain a discrepancy between...
Why We Need Safe and Efficient SFT Markets
Securities financing transactions (SFTs) play a vital role in fostering liquidity, mobilizing collateral and supporting the smooth functioning of derivatives markets. But during periods of stress, secured funding markets often come under pressure just when they’re needed most, with reduced...
Response to BoE on Clearing Exemption for PTRR
On March 11, ISDA submitted a response to the Bank of England’s consultation on a proposed approach to exempting post-trade risk reduction (PTRR) transactions from the derivatives clearing obligation under Article 4 of the European Market Infrastructure Regulation (EMIR). ISDA...
IQ Interview with David Bailey
The Bank of England’s Prudential Regulation Authority recently finalized its Basel 3.1 framework for implementation at the start of 2027. David Bailey, executive director for prudential policy, talks to IQ about the importance of global consistency and the need to...