New CFTC documentation rules could force Isda master modifications
Proposed US rules might require changes to standardised global derivatives agreement
Derivatives dealers will probably face modifications to standardised documentation that governs international over-the-counter trades – such as the International Swaps and Derivatives Association (Isda) master agreement – under the latest rulemaking proposals published by the US Commodity Futures Trading Commission (CFTC).
On January 13 the five CFTC commissioners voted unanimously to approve proposed rules for consistent standards in documentation for derivatives transactions, in an effort to
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