Derivatives Documentation For Energy End Users

Law360, New York (June 6, 2011, 2:46 PM EDT) -- For many years, participants in over-the-counter derivatives markets have had a predictable and generally fair set of alternatives for documenting their trades. The vast majority of market participants used the ISDA Master Agreement — in recent years, using either the 1992 or 2002 form of the agreement. In certain other niches, such as energy and commodity trading, other standard form contracts governed.

In the coming months, most of those market participants will see dramatic changes in their derivatives documentation. Although purely physical commodity trades will remain...
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