Clifford Chance

The Eurozone Crisis and Derivatives

12 January 2012

The Eurozone crisis continues to dominate the global economic landscape, raising questions among market participants as to the implications for market standard derivatives documentation should a Eurozone member leave the currency union, albeit this remains an unlikely event. This briefing addresses that issue in the context of the 1992 ISDA Master Agreement (Multicurrency – Cross Border) and the 2002 ISDA Master Agreement.

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