ISDA Publishes August 2012 Dodd-Frank Protocol; ISDA and Markit Launch ISDA Amend to Automate Process

ISDA announced today the launch of the August 2012 Dodd-Frank Protocol. The Protocol is designed to allow swap market participants to simultaneously amend multiple ISDA Master Agreements for the purpose of facilitating compliance with Dodd-Frank regulatory requirements. To facilitate these delivery requirements, ISDA and Markit launched ISDA Amend, which automates the information-gathering process and provides sharing of submitted data and documents to permitted counterparties. The Protocol will be open until ISDA designates a closing date. [Lofchie Comment: Cadwalader served as counsel to ISDA on the development of the Protocol.]

Cross-Reference(s): Dodd-Frank Act.

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