ISDA Expands ISDA Clause Library To Cover Collateral Documentation Date
25/05/2021
ISDA has today announced the expansion of the ISDA Clause Library to cover ISDA’s collateral documentation, a development that will bring greater efficiency and standardization to the negotiation and collateral management process.
The expansion follows the publication of the ISDA Clause Library for the ISDA Master Agreement in June 2020, which was aimed at bringing greater consistency in the drafting of clauses when there is no need for customization. By adding standard drafting options for frequently negotiated provisions within ISDA’s collateral documentation, the ISDA Clause Library will further reduce complexity within industry standard documentation, make contract negotiation quicker and more efficient, and improve the consistency and accuracy of legal agreement data.