The 2000 ISDA Definitions (the “2000 Definitions”) are intended for use in confirmations of individual transactions governed by agreements such as the 1992 ISDA Master Agreements. The 2000 Definitions are a consolidation and update of the 1991 ISDA Definitions, the 1998 Supplement to the 1991 ISDA Definitions and certain provisions of the 1998 ISDA Euro Definitions which many parties to privately negotiated derivative transactions have incorporated into existing confirmations or other documents.

The purpose of the 2000 Definitions is to provide the basic framework for the documentation of privately negotiated interest rate and currency derivative transactions. Although the 2000 Definitions were drafted with this purpose in mind, parties documenting other types of privately negotiated derivative transactions might find it helpful to incorporate the 2000 Definitions into confirmations for those transactions.