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6 Harv. Negot. L. Rev. 211 (2001)
The Rise of a Trade Association: Group Interactions within the International Swaps and Derivatives Association

handle is hein.journals/haneg6 and id is 217 raw text is: The Rise of a Trade Association:
Group Interactions Within the
International Swaps and
Derivatives Association
Sean M. Flanagant
TABLE OF CONTENTS
I. INTRODUCTION ....................................            212
H. DERIVATIVES ......................................            214
A. OVERVIEW       OF DERIVATIVES ..................         214
B. TYPES OF DERIVATIVES .......................             215
1.  Forwards .....................................      215
2.  Futures  ......................................     217
3.  Options  ......................................     218
4.  Swaps ........................................      220
5. Other Instruments ...........................        223
C. A HIGH-STAKES INDUSTRY ...................               224
1.  Barings  ......................................     225
2. Procter & Gamble ............................        226
III. THE FUNCTION AND EVOLUTION OF ISDA ......                   227
A. ISDA'S FUNCTIONS ............................            228
B. STANDARD FORM         DOCUMENTATION .........            229
1. ISDA Master Agreements ....................          230
2. Netting Opinions .............................       233
3. Definition Booklets ...........................      233
C. FORMATION: 1984 TO 1985 ....................             234
1.  Beginnings ...................................      234
2.  ISDA  .........................................     238
t Associate, Allen & Overy. Harvard Law School, J.D., 2000. The research and
writing of this paper was funded by a Hewlett Fellowship, provided by the Harvard
Negotition Research Project at Harvard Law School. I would like to thank Bob
Mnookin, Bob Bordone, the Hewlett Foundation, Harvard Negotiation Research Pro-
ject, Jeff Gelden, and Carolyn Jackson for their invaluable help in the research and
development of this paper.

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