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ISDA Publishes Close-Out Amount Protocol
March 5, 2009 Full PDF
On February 27, 2009, the International Swaps and Derivatives Association, Inc. ("ISDA") published the ISDA Close-out Amount Protocol ("Protocol") to enable parties to certain 1992 ISDA Master Agreements ("1992 ISDA Agreement") to amend the terms of those agreements on a multilateral basis to reflect the single measure of damages calculation upon early termination used in the ISDA 2002 Master Agreement ("2002 ISDA Agreement").