A protocol is a multilateral contractual amendment mechanism which has been used to address changes to ISDA standard contracts since 1998.
The first protocol launched by ISDA was in 1998, the ISDA EMU Protocol which addressed contractual and legal certainty issues arising from the implementation of the European Monetary Union. This protocol and many others since 1998 have provided a efficient way of implementing industry standard contractual changes over a broad number of counterparties.
ISDA acts, for certain purposes, as an agent for participating parties and posts the Protocol on its website, receives Adherence Letters and updates the web site with participant information during the Adherence Period.
Current Protocols
The following protocols are open for adherence. Click for further information, including how to sign up:
Master FX Novation and Cancellation Protocol
2010 Short Form Hire Act Protocol
Close-Out Amount Protocol
Equity MCA Protocol
Novation Protocol
Closed Protocols
The following protocols are closed and no longer available for adherence.
Credit Derivatives Protocols
Big Bang Protocol
Small Bang Protocol
Additional CDS Protocols
LCDS Protocols
NA LCDS
EUROPEAN LCDS
LCDS Protocol
Other Closed Protocols
Muni CDS Protocol
Cinergy Hub Protocol
ISDA Itraxx Europe Maximum Deliverable Amount Protocol
ISDA 2010 Hire Act Protocol
2010 ISDA ERCOT Protocol
Second ISDA Japan Corporate Calculation Agent City Protocol
ISDA Japan Corporate Calculation Agent City Protocol
2009 AEJ Protocol
ISDA European Variance Swap Protocol
2002 ISDA Master Agreement Protocol
2001 Credit Support Protocol
2001 Euro Protocol
EMU Protocol (Greece)
Original EMU Protocol (1998)
2005 Novation Protocol
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