Give-up agreements

The International Swaps and Derivatives Association, Inc. (ISDA) today announced that it has published a set of recommended common principles intended to guide documentation for give-up agreements across central counterparties (CCPs) or clearing houses.
 
These principles are the product of an ISDA-led working group comprising buy- and sell-side participants and CCPs. The group has worked to promote industry-wide dialogue and coordinated solutions to facilitate buy-side access to clearing by December 15.