What is Section 2(d) of the ISDA Master Agreement?

Section 2 (d) of the ISDA Master Agreement contains provisions setting out the consequences if a tax is imposed on a payment required to be made by a party under a transaction. Included is a gross-up obligation for certain "Indemnifiable Taxes".

What does ISDA do?

ISDA fosters safe and efficient derivatives markets to facilitate effective risk management for all users of derivative products.

What documents did ISDA produce in 1987?

In 1987, ISDA produced three documents: (i) a standard form master agreement for U.S. dollar interest-rate swaps; (ii) a standard form master agreement for multi-currency interest-rate and currency swaps (collectively known as the "1987 ISDA Master Agreement"); and (iii) the interest rate and currency definitions.

What is DADA2 and how does it affect the body?

Inflammation is the body's natural response to injury or infection, but continuous inflammation, such as that caused by DADA2, can damage vital organs and systems. Damage to these areas can result in disability or even death. DADA2 is caused by a change in the CECR1 gene, which helps create a protein called adenosine deaminase 2.