FIA-ISDA Cleared Derivatives Execution Agreement – Version 1.1

(Version 1.1, published September 20, 2012, replaces Version 1)

The Cleared Derivatives Execution Agreement is a template for use by cleared swaps market participants in negotiating execution-related agreements with counterparties to swaps that are intended to be cleared through U.S. Futures Commission Merchants. The Memorandum explains the changes between Version 1 and Version 1.1

FIA-ISDA Cleared Derivatives Execution Agreement – Version 1

(Version 1, published June 12, 2011)

The Cleared Derivatives Execution Agreement is a template for use by cleared swaps market participants in negotiating execution-related agreements with counterparties to swaps that are intended to be cleared.  The Memorandum, together with the Annex thereto, includes important information relating to the use of the Cleared Derivatives Execution Agreement, a brief description of the intention of each section of the Cleared Derivatives Execution Agreement that is unique to the execution of a cleared swap transaction and a comparison of execution arrangements.