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What is the status of an individual transaction under the ISDA Master Agreement?

April 26, 2017Agreement individual isda master Status transaction

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What is the status of an individual transaction under the ISDA Master Agreement?

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In jurisdictions where close-out netting is enforceable, all transactions under the ISDA Master Agreement constitute a ‘single agreement’ between the two counterparties instead of being separate contracts. The confirmation of a transaction serves as evidence of that transaction, and each transaction is incorporated into the ISDA Master Agreement.