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ISDA Client Cleared OTC Addendum published

The International Swaps Dealers Association (ISDA) and the Futures and Options
Association (FOA) have jointly published the Client Cleared OTC Derivatives
Addendum.  This is a template for use by cleared swaps market
participants to document the relationship between a clearing member and its
client for purposes of clearing over-the-counter derivatives transactions
across central counterparties (CCPs) that use the principal-to-principal client
clearing model.  The ISDA/FOA Addendum facilitates OTC client clearing
through all the major CCPs under existing terms of business (ISDA Master or
F&O Clearing Terms) thus obviating the need to negotiate separate sets of
terms for each clearing solution.

 

Related Link:

http://www.isda.org/publications/isda-clearedswap.aspx

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