The FIA-ISDA Cleared Derivatives Addendum is a template for use by cleared swaps market participants to document the relationship between a clearing member and its customer for purposes of clearing over-the-counter derivatives transactions (referred to as “Cleared Derivatives Transactions”). It is intended for use where the clearing member is a registered futures commission merchant under US law. The Addendum is generally designed to be a supplement to the parties’ futures clearing agreement, and the Addendum will supersede that underlying agreement only with respect to Cleared Derivatives Transactions. Among other provisions, the Addendum contains representations reflecting the US regulatory regime applicable to Cleared Derivatives Transactions, procedures for the clearing member to close out and liquidate Cleared Derivatives Transactions following a Close-out Event or Tax Liquidation Event and tax provisions relating to Cleared Derivatives Transactions.