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Loan-linked hedging for the buy side – Part 3 (of 10): the ISDA framework

24 October 2026 / Author(s): Jennifer B McLellan
Issue: November 2026 / Categories: Feature

Remarkable advances in the OTC derivatives market have been powered largely by the predictability and resilience of ISDA-based documentation. Three anchor concepts are fundamental: the "single agreement concept"  different Termination Trigger formats and its two netting regimes ("payment" and "close-out"). Turning to documentation format  should HedgeCOs accept migration from 1992 to 2002 Format? ISDA was born the International Swap Dealers Association. 
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