International Comparative Legal Guide - Derivatives 2025

1. Documentation and Formalities

1.1 Please provide an overview of the documentation (or framework of documentation) on which derivatives transactions are typically entered into in your jurisdiction. Please note whether there are variances in the documentation for certain types of derivatives transactions or counterparties; for example, differences between over-the-counter ("OTC") and exchange-traded derivatives ("ETD") or for particular asset classes.

In Ireland, derivatives transactions are typically entered into using standard form documents.

For OTC derivatives, the documents to be entered into consist of the 1992 Master Agreement or 2002 Master Agreement, as published by ISDA (the "ISDA Master Agreement"), along with the relevant ISDA Schedule, a Credit Support Annex for collateral arrangements and trade confirmations for individual transactions. Furthermore, protocols as well as product-specific definition booklets published by ISDA can be incorporated