How Does the ISDA Framework Address the Issue of Multiple Jurisdictions?
The ISDA Master Agreement addresses multiple jurisdictions by allowing the parties to select a specific governing law (e.g. English or New York law) in the Schedule.
This choice governs the interpretation and enforceability of the contract. It also includes representations from each party regarding the enforceability of the netting provisions in their respective jurisdictions.
Glossar
Multiple Jurisdictions
Jurisdiction ⎊ Multiple Jurisdictions describes the common scenario in global derivatives trading where the counterparties are legally established or operate in different sovereign territories, subjecting their bilateral agreement to a complex matrix of national laws.
Isda Master Agreement
Contract ⎊ The International Swaps and Derivatives Association (ISDA) Master Agreement serves as a standardized framework governing over-the-counter (OTC) derivative transactions, increasingly relevant in cryptocurrency markets where bespoke agreements were previously commonplace.
Isda Framework
Framework ⎊ The International Swaps and Derivatives Association (ISDA) framework, within the context of cryptocurrency, options trading, and financial derivatives, represents a standardized suite of legal documentation and market conventions designed to mitigate credit risk and facilitate efficient trading.
ISDA
Framework ⎊ The International Swaps and Derivatives Association, or ISDA, establishes standardized documentation for over-the-counter (OTC) derivatives, including those referencing cryptocurrency assets, mitigating legal risk and enhancing market liquidity.