What Is A Protocol Covered Agreement

Escrito por: Redacción    14 octubre 2021     1 minuto

The objective of the Protocol is to allow swap dealers who are parties to covered waiver agreements to include in those agreements an allocation of responsibilities in accordance with a provisional final rule of the CFTC issued on 30 April for compliance with obligations under the CFTC`s standards of conduct for external affairs. ISDA, fxC (Foreign Exchange Committee) and fmLG (Financial Markets Lawyers Group) have developed Annex A to the Protocol, which provides for the allocation of responsibilities between two registered swap dealers, as provided for in non-contentious relief. A QFC includes, but is not limited to, all swap agreements, commodity agreements or futures contracts and therefore generally includes any agreement for a transaction that would normally be governed by an ISDA framework agreement. .

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