ISDA Publishes ISDA 2013 Account Control Agreement

ISDA announced the launch of the ISDA 2013 Account Control Agreement ("ISDA ACA"). The ISDA ACA is intended to streamline tri-party custodial negotiations by facilitating the negotiation process of contractual arrangements that provide for segregation of Independent Amounts with a third-party custodian. Similar to the ISDA Master Agreement, the ISDA ACA agreement provides a standardized agreement with an accompanying annex containing suggested optional provisions that can be appropriately amended.

See: ISDA Press Release.