What Is the Significance of the “Schedule” in the ISDA Master Agreement?
The Schedule is the section of the ISDA Master Agreement that allows the two parties to customize the standard terms. It specifies key details such as governing law, jurisdiction, eligible collateral, interest rate calculations, and any agreed-upon amendments to the standard clauses.
It is where the bilateral risk management and operational specifics are defined.
Glossar
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 ⎊ 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.