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What are the overall consequences of the Big Bang Protocol to an individual institution?

April 26, 2017big bang consequences individual institution overall Protocol

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What are the overall consequences of the Big Bang Protocol to an individual institution?

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It is not possible for ISDA to confirm what all the consequences of the Big Bang Protocol would be for an individual institution since it’s application will depend upon the type of contracts that a particular institution has and their specific provisions. Nor can ISDA give legal advice in this respect to its members. Members must consult with their own legal advisers to the extent that they have specific questions about the application of the documents and their consequences for their particular institution.