Isda Master Agreement Markit

Jerrine, IHS Markit, Singapore, 65 69224239, For media inquiries, please contact:Nick Sawyer, ISDA London, `44 203 808 9740, Lauren Dobbs, ISDA New York, `1 212 901 6019, Michael Milner-Watt, ISDA London, `44 203 808 9727, Amanda Leung, ISDA Hong Kong, `852 2200 5911, Nicole Angerone-McLeod, IHS Markit, New York, `1 646 679 3195, Jerrine, IH S Markit, Singapore 65 6922 4239, About IHS Markit ( Markit (Nasdaq: INFO) is a global leader in critical information, analysis and solutions for the key sectors and markets that fuel global economies. The company provides next-generation information, analysis and solutions for economic, financial and government customers, improves operational efficiency and provides in-depth information that leads to informed and confident choices. IHS Markit has more than 50,000 business and government clients, including 80 percent of Fortune Global 500 and the world`s leading financial institutions. IHS Markit, headquartered in London, is focused on sustainable and profitable growth. The exchange of matching information and trade agreements is essential for the timely opening of a trade relationship. Extensive and varied documentation requirements to meet regulatory obligations can be complex and time-consuming to manage. Manual processes and silo records can result in an increased risk of incomplete or incorrect data, which can lead to delays in the conduct of the trade. NEW YORK, November 28, 2016 – The International Swaps and Derivatives Association, Inc. (ISDA) and IHS Markit today announced the launch of ISDA 2016 Variation Margin Protocol on ISDA Amend, which automates the process of amending existing collateral documents or the implementation of new agreements to meet new requirements of the amending procedure that will come into effect on March 1, 2017.

Nicole Angerone-McLeod, IHS Markit, New York, 1 646 679 3195, ISDA Amend is a common service for both companies, where swap distributors and their customers can classify their business units, modify and share multiple ISDA master contracts with a single online tool. For any media requests, please contact: Nick Sawyer, ISDA London, `44 203 088 3586, “The volume of documents, coupled with the different time frames for the publication of initial margins and margins of variation for unexplained derivatives, represents a major challenge for global financial institutions,” said Darren Thomas, Managing Director and Head of Counterparty Manager at IHS Markit. ISDA Amend 2.0 was designed to manage the complexity of these multi-judicial regulations. The service will use data provided by ISDA Amend protocols with full connectivity for IHS Markit`s end-to-end collateral solution to scan, negotiate and modify collateral agreements on counterparty manager. The protocol proposes three alternative methods for participants to modify existing supporting documents or to implement new agreements: Michael Milner-Watt, ISDA London, `44 203 088 3588, THE ISDA JMP on ISDA Amend allows market participants to quickly and effectively inform their counterparties of the elections they have taken to comply with the protocol`s competence modules. These include the capacity in which they have maintained themselves (i.e., as an entity subject to the rules in force, as a counterparty to these companies or both), the counterparties with which they have amended the financial agreements and the underlying funds they have respected on behalf of the company.