Fia-Isda Cleared Derivatives Off-Facility Execution Agreement

Posted On Monday, September 20, 2021

The document is first and foremost a first draft whose authors acknowledge that it may not be necessary or appropriate in all circumstances and that it is subject to change and/or replace if the rules on CCP clearing evolve. (a) accept trading as a derivatives transaction cleared by Party A or a related party A enterprise (if a clearing member) is cleared; The agreement seeks to provide a first documentation structure on the execution of credit agreements until the full implementation of the reforms prescribed by the Dodd-Frank Act in the United States and similar reforms in other parts of the world. Fia and ISDA recognise that many provisions of the agreement are being replaced by new regulatory requirements, as well as specific rules for trading platforms and clearing bodies.