Category: ISDA Protocol
ISDA Assists DFA/EMIR/MiFIR Reporting with 2013 Reporting Protocol
On 13 May 2013, ISDA launched the ISDA 2013 Reporting Protocol (the “Reporting Protocol”). The purpose of the Reporting Protocol is to assist firms which are subject to mandatory trade reporting requirements (under, inter alia, the Dodd-Frank Act, EMIR and MifIR). In recognition of the fact that many firms may also be subject to contractual, […]
ISDA Publishes PB BC Allocation Protocol and Annex
On 6 May 2013, ISDA published the Derivatives/FX Prime Brokerage Business Conduct Allocation Protocol to help prime brokers and executing dealers comply with the Dodd-Frank External Business Conduct Rules (“EBC”) which became effective on 1 May 2013. Broadly, in a prime brokerage situation, the prime broker may (i) grant limited agency powers to the counterparty […]
ISDA Publishes March 2013 DF Protocol
On 22 March 2013, the ISDA March 2013 Dodd-Frank Protocol (the “DF Protocol 2.0”) opened. The DF Protocol 2.0 is part of ISDA’s Dodd-Frank Documentation Initiative and attempts to assist the industry in complying with certain CFTC final rulings imposed under Title VII of the Dodd–Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank […]
ISDA Publishes 2013 EMIR NFC Representation Protocol
Introduction On 8 March 2013, ISDA published its “ISDA 2013 EMIR NFC Representation Protocol” (the “EMIR Protocol”), the purpose of which is to enable parties to amend ISDA Master Agreements to reflect their status under EMIR as either: financial counterparties (FC); non-financial counterparties to which the clearing obligation applies (NFC+), or non-financial counterparties to which […]
ISDA Readies 2013 EMIR NFC Representation Protocol
Later this month, ISDA is set to publish its “ISDA 2013 EMIR NFC Representation Protocol” (the “EMIR Protocol”), the purpose of which is to enable parties to amend ISDA Master Agreements to reflect their status as either: non-financial counterparties to which the clearing obligation applies (NFC+), or non-financial counterparties to which the clearing obligation does […]
ISDA Launches Dodd-Frank Protocol on 13 August 2012
On 13 August 2012, ISDA launched its Dodd-Frank Protocol initiative, designed to help market participants meet the requirements of the following CFTC rules, finalised pursuant to the Dodd-Frank Act: Business Conduct Standards for Swap Dealers and Major Swap Participants; Large Trader Reporting for Physical Commodity Swaps; Position Limits for Futures and Swaps; Real-Time Public Reporting […]