The International Swaps and Derivatives Association has extended its deadline for derivatives users to sign up to the 2002 Master Agreement Protocol. Louise Marshall, policy director in New York, said the date has been pushed out until June 1. So far, 29 institutions have signed up to the agreement, whereas some 1,100 market participants signed up to the European Monetary Union Protocol in 1998.
The protocol was published in July and is designed to make ISDA documentation published before the 2002 Master Agreement workable with the new agreement (DW, 2/8).
