Collateral

This page contains Collateral information and certain informational documents for the Standard Credit Support Annex (SCSA), which seeks to standardize market practice regarding embedded optionality in current CSAs, promote the adoption of overnight index swap discounting for derivatives, and align the mechanics and economics of collateralization between the bilateral and cleared OTC derivative markets. The Annexes themselves are available in the ISDA Bookstore.


DateTitle / DescriptionDocuments
May 30, 2014
Annotated ISDA 2013 Account Control Agreement
The Annotated version of the ISDA 2013 Account Control Agreement includes footnote annotations to assist market participants that elect to implement margin segregation for uncleared swaps pursuant to the CFTC segregation regime (CFTC regulations 23.702 and 23.703).
ISDA 2013 ISDA ACA w CFTC Annotations %2830May14%29%28FINAL%29.pdf ISDA 2013 ISDA ACA w CFTC Annotations %2830May14%29%28FINAL%29.docx
May 21, 2014
ISDA Members Webinar: 2014 Collateral Agreement Negative Interest Protocol
ISDA hosted a market education webinar on May 21 to go over the structure and content of the Protocol in more detail. Please click on the link below to access the replay for the 2014 Collateral Agreement Negative Interest Protocol Market Education Webinar. 2014 Collateral Agreement Negative Interest Protocol - Webcast Replay
2014 Collateral Agreement Negative Interest Protocol - Audio Recording
isda140521.pdf
May 7, 2014
Form of CFTC 23.704 Quarterly Notice
Published by ISDA to assist market participants in implementing the regulation’s reporting requirements relating to back office procedures regarding margin and collateral requirements under uncleared swap agreements.
CFTC_23_704_Reporting_Notice_FINAL_51315.pdf CFTC_23_704_Reporting_Notice_FINAL_51315.docx
May 7, 2014
ISDA Members Call: 2014 Collateral Agreement Negative Interest Protocol
ISDA hosted a market education call on May 7 to walk through the FAQs and final version of the Protocol. Please click on the link below to access the recording for the 2014 Collateral Agreement Negative Interest Protocol Market Education Call.
ISDA_20140507_2014 Collateral Agreement Negative Interest Protocol.mp3
March 27, 2014
CFTC IM Segregation Right Notice
Form of CFTC IM Segregation Right Notice published by ISDA to assist market participants in implementing CFTC Regulation 23.701’s requirements for swap dealers and major swap participants to notify counterparties of their right to require segregation of margin (other than variation margin) for uncleared swap transactions.
23 701 IM Segregation Election Notice %28FINAL%29 - 50500.docx 23 701 IM Segregation Election Notice %28FINAL%29.pdf
March 27, 2014
Frequently Asked Questions - CFTC IM Segregation Right Notice
List of frequently asked questions to assist market participants in receiving and responding to the form of CFTC IM Segregation Right Notice published by ISDA and understanding some of the implications of the CFTC IM Segregation Rules.
ISDA CFTC IM Segregation FAQs %2826Mar14%29%28CLEAN%29 - 50673.pdf
March 21, 2014
CFTC IM Segregation Right Notice – Pre-publication draft of Frequently Asked Questions
Pre-publication draft of the list of frequently asked questions to assist market participants in receiving and responding to the form of CFTC IM Segregation Right Notice to be published by ISDA and understanding some of the implications of the CFTC IM Segregation Rules.
ISDA CFTC IM Segregation FAQs FINAL CLEAN - 50537.docx
March 13, 2014
ADVISORY NOTE: CFTC IM Segregation Right Notice
Advisory Note regarding important upcoming dates and obligations under CFTC Regulation 23.701, which implements requirements for swap dealers and major swap participants to notify counterparties of their right to require segregation of margin (other than variation margin) for uncleared swap transactions.
29959244_11_IA Seg Advisory_with Response Sheet_2.pdf
October 23, 2013
OTC Derivatives Collateral Process
Best Practices
2013 ISDA Best Practices for the OTC Derivatives Collateral Process - FINAL.pdf
October 11, 2013
ISDA 2013 Account Control Agreement
The ISDA 2013 Account Control Agreement provides market participants with a standardized form of agreement for the segregation of independent amounts for uncleared swaps with an independent third party custodian.
Standardized ACA and Annex (11Oct13)(FINAL).pdf Standardized ACA and Annex (11Oct13)(FINAL).docx