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Suitability of swaps documentation to the blockchain considered by ISDA

Overview

On August 3, 2017, the International Swaps and Derivatives Association (ISDA) released a whitepaper that considers whether derivative contracts could operate on a blockchain (the "Whitepaper").  The Whitepaper, titled "Smart Contracts and Distributed Ledger - A Legal Perspective," concludes that many of the provisions of the ISDA Master Agreement and related documentation can be translated into conditional logic and coded into "smart contracts." This article explains more.

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