ISDA Master Confirmation Agreements

To simplify and standardize the negotiation of trade confirmations, the International Swaps and Derivatives Association (“ISDA”) has developed a number of form Master Confirmation Agreements (“MCAs”) for various products such as equity swaps and options, credit default swaps and variance swaps, in several jurisdictions. Parties can use these MCAs as the starting point for their negotiations as the forms were approved by an ISDA working group and represent the compromise agreed to by the industry for a particular product. Some dealers do however, provide their own bespoke MCA forms.