Legal News

Initial margin: BNY Mellon publishes key custodial documentation on ISDA Create

Published on: 24 November 2021
Published by LNB News

LNB News 24/11/2021

Document Information

Issue Date: 24 November 2021

Published Date: 24 November 2021

Jurisdiction(s): United Kingdom

Article summary

The International Swaps and Derivatives Association (ISDA) and Linklaters have announced that Bank of New York Mellon (BNY Mellon) has published key custodial documentation on ISDA Create, aiming to bring greater efficiency to the negotiation of custody agreements as firms prepare for phase six of the regulatory initial margin (IM) requirements for non-cleared derivatives in September 2022.

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