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ARTICLE · 08 JUNE 2013

What Every End-User Needs To Know About The ISDA March 2013 DF Protocol

Holland & Knight
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On March 22, 2013, ISDA published the March 2013 DF Protocol, and on May 20, 2013, ISDA Amend became available to accept Questionnaires under the new Protocol.

United StatesFinance and Banking
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Eileen Bannon is a Partner in our New York office

On March 22, 2013, ISDA published the March 2013 DF Protocol, and on May 20, 2013, ISDA Amend1 became available to accept Questionnaires under the new Protocol. The March 2013 Protocol (which is completely separate from the ISDA August 2012 DF Protocol2) principally addresses Commodity Futures Trading Commission (CFTC) requirements applicable to swap dealers and major swap participants relating to swap trading relationship documentation, portfolio reconciliation and information requirements relating to clearing.

The purpose of this alert is to assist counterparties who are not swap dealers or major swap participants, i.e., end-users, in understanding the requirements of, and commitments under, the March 2013 Protocol.

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