What alternatives (if any) are there to participating in the 2002 Master Agreement Protocol?
For any market participant wishing to use Pre-2002 Documents with a 2002 Master Agreement (whether now or in the future), the alternative to adhering to the Protocol is to address the various issues in the Schedule to each 2002 Master Agreement it enters into and, potentially, in each Confirmation for a Transaction governed by such a 2002 Master Agreement and each credit support document relating to such a 2002 Master Agreement. The issues could be addressed by way of individually negotiated provisions or by incorporating relevant provisions of the Protocol by reference. However, in either case, bilateral negotiations would be required, and these could be time consuming and therefore costly. 2002 Master Agreement Protocol Mechanics Basics If I sign up to the Protocol, will it cover all Transactions involving pre-2002 sets of Definitions that I enter into under a 2002 Master Agreement and all credit support arrangements related to a 2002 Master Agreement? Possibly not, even if you selec
