isda

ISDA Common Principles for Give-Up Agreements

On November 10, ISDA published recommended common principles intended to guide documentation for give-up agreements across central counterparties (CCPs) or clearing houses. The principles address: (i) fallbacks in the event of rejection for clearing, (ii) the ability to reject trades, (iii) a reduction of trading limits, and (iv) determinations of market decisional bodies in relation to CCPs. ISDA Release.