ISDA and FIA Europe Publish European Cleared Derivatives Execution Agreement

The International Swaps and Derivatives Association, Inc. ("ISDA") and FIA Europe jointly announced the publication of the ISDA/FIA Europe Cleared Derivatives Execution Agreement (the "Agreement") for principal-to-principal client clearing. According to the press release, the Agreement is designed to be used as a template for market participants when negotiating execution agreements under English law for swaps that are intended to be cleared by central counterparties located outside of the United States.

See: Joint Agreement.