Tag: FOA
Clearing Addendum Annex with a little “je-ne-sais-quoi”
On 1 August 2014, ISDA and the Fédération Bancaire Française (FBF) published an Addendum Annex to the ISDA/FOA Client Cleared OTC Derivatives Addendum. The annex has been prepared for use with the ISDA/FOA Client Cleared OTC Derivatives Addendum in order to achieve a better connection with the AFB or FBF Master Agreements. In particular, adjustments […]
Upgrade Needed to ISDA/FOA Reporting Delegation Agreement?
To date, much of the discussion surrounding the ISDA/FOA Reporting Delegation Agreement has focused on whether the document is balanced in its allocation of risk between sell-side and buy-side. However, today, a new factor was introduced when the Futures and Options Association (FOA) notified members that it has received confirmation that the FCA regards the […]
ISDA Publishes EMIR Delegated Reporting Agreement
Introduction On 13 January 2014, ISDA and the FOA published their jointly drafted ISDA/FOA EMIR Reporting Delegation Agreement (the “Agreement”), designed to help market participants meet their obligations under Article 9 of EMIR by providing a bilateral standard form contract which can be used to document delegated reporting arrangements. The Agreement Under the Agreement, an […]
ISDA/FOA Assist with Ongoing EMIR Disclosure Requirements
On 29 November 2013, ISDA published its standard FOA/ISDA Clearing Member Disclosure Document, a document which facilitates clearing members’ compliance with certain obligations under Article 39(7) of EMIR to: offer clients a choice between individual client accounts or omnibus client accounts; publicly disclose the levels of protection and costs associated with different levels of segregation; […]
“Docugeddon” Averted as European Cleared Derivatives Addendum Finalised?
Risk Magazine is reporting that the International Swaps and Derivatives Association (“ISDA”) and the Futures and Options Association have finalised the long overdue standard “Client Cleared OTC Derivatives Addendum” (the “European Addendum”) designed to enable clearing members to sign up clients and so facilitate central clearing in Europe. The European Addendum was originally due to […]