Choosing A Process Agent For ISDA And Corporate Debt Transactions

When considering who to appoint as a process agent, be sure to look beyond the brass plate to ensure the team has a physical presence, robust processes and controls.

The appointment of a Process Agent is necessary for organisations participating in corporate debt or ISDA (International Swaps and Derivatives Association) transactions, for jurisdictions where the organisation doesn’t have a formal presence. It’s not uncommon to view the appointment of a Process Agent as a simple tick-box exercise, necessary for an address to receive legal documents in the jurisdiction in which you’re transacting. But when it comes to selecting the right process agent, it’s worth factoring the following points into your decision making.