Key Points:
ISDA's latest draft definitions are very detailed
and differ markedly from the equivalent provisions in the 2002 ISDA
Equity Definitions
In our August edition of Insights we canvassed
some key features of the new 2011 ISDA Equity Derivatives
Definitions published by the International Swaps and
Derivatives Association, Inc. (ISDA).
One of the key features that we highlighted was the new toolbox
format for the 2011 Equity Definitions, which comprises four
key documents: the 2011 definitions booklet (the so-called
"Main Book"), the Appendix, an ISDA Transaction Matrix
and a short-form Transaction Supplement.
At the time, ISDA had only published a template version of the
Appendix with a view to subsequently populating the template with
workable combinations of definitions, elections and methodologies
that would be rolled out on a product basis for equity
derivatives incorporating the 2011 Equity Definitions.
