Whom is the 2001 ISDA Credit Support Protocol designed for?
The Protocol is designed for all types of users of derivatives: banks, corporations, governments, investment firms, insurance companies, pension funds and other firms with credit support arrangements documented using ISDA documentation. The Protocol saves your firm money by cutting down on the time and expense involved in negotiating and agreeing to contractual changes bilaterally with all your counterparties. It provides an easy way to monitor changes through the web site. In addition, the Protocol reflects market consensus on standardized changes to ISDA documentation.
