Financial Information Services
Counterparty Manager  
ISDA ® Amend
Compliance with Dodd-Frank’s business conduct rules made easy

ISDA Amend is a joint service provided by Markit and the International Swaps and Derivatives Association, Inc. With ISDA Amend, swap dealers and their clients can amend and share multiple ISDA master agreements with a single online tool, ensuring compliance with new Dodd-Frank business conduct rules in three easy steps.

The ISDA Amend tool, built on the existing Markit Counterparty Manager (MCPM), also enables dealers and their clients to centrally manage Know Your Customer (KYC) and Anti-Money Laundering (AML) documentation requirements as well as control and track counterparty access at the fund and account level.

And for the buy-side, it’s a free service.

Dodd-Frank Compliance in 3 steps
Step 1: Sign upStep 2: OnboardStep 3: Match
Click-through Sign up gets
you started
ISDA Protocol adherence letter; Part II of protocol questionnaire
Make representations; accept protocol schedules
KYC/AML document upload
Identify participating accounts
Fulfill Dodd-Frank compliance ahead of the deadline
ISDA Amend Benefits
Delivers operational efficiency and cost reduction
Provides an easy-to-use technology-based solution
Stores complete audit trail and reporting capabilities
Leverages a secure platform and existing community network
Extensible platform for wider utility moving forward
No fee for buy-side users
23 Jul 2012MCPM click-through registration opens: Sign up
13 AugMarkit Launches ISDA Amend questionnaire Part II
13 AugISDA August 2012 DF Protocol opens for adherence
01 OctMarkit Launches ISDA Amend for Part III of protocol questionnaire
05 Apr 2013Soft deadline to ensure your ISDA August 2012 DF Protocol Questionnaire is processed by the May 1 compliance date: Read more
01 MayDodd-Frank business conduct rules compliance deadline
20 MayMarkit Launches ISDA Amend March 2013 DF Protocol questionnaire
01 JulySTRD, Portfolio Reconciliation and Confirmations compliance deadline
Call to Action

Buy-side participants must be prepared to provide information to comply with Dodd-Frank rulemakings OR risk a halt to trading.

More Rules to Come

Participants should be mindful that beyond the focus of near-term requirements, more rules are on the way that will require preparation, including:

Margin for uncleared swaps
Swap documentation
Portfolio reconciliation, compression and dispute resolution

The ISDA-Markit Dodd-Frank Implementation page is on In order to facilitate implementation of Dodd-Frank rulemakings, ISDA launched a page on their website to cover all presentations, documentation, audio playback related to this protocol.

Background on the service

ISDA Amend is designed to provide an efficient means for swap dealers and counterparties to amend Protocol Covered Agreements through the exchange of protocol questionnaires.

Unlike previous ISDA protocols where amendments were effected solely with delivery of an adherence letter by each party to the underlying document to be amended (i.e. a master agreement), this protocol will include additional bilateral delivery requirements in order to apply amendments described in the protocol schedules.

To facilitate these additional bilateral delivery requirements, ISDA and Markit developed a technology-based solution as part of the Markit Counterparty Manager that will automate the information-gathering process and provide sharing of submitted data and documents to permissioned counterparties.

ISDA is a registered trademark of the International Swaps and Derivatives Association, Inc.
ISDA Amend Demos

Effective September 23 2013, Markit will host the following demos:
Cross-Border - Monday, Wednesday and Friday
ISDA Protocol II -Tuesday 
ISDA Protocol I  -

Times: 4pm GMT/11am EST/8am PST.


Additional Resources
ISDA Amend Cross-Border Tool kitISDA Amend Cross-Border Tool kit
ISDA Amend Cross-Border User GuideISDA Amend Cross-Border User Guide
ISDA Amend Protocol II PresentationISDA Amend Protocol II Presentation
ISDA Amend Protocol II DemoISDA Amend Protocol II Demo
ISDA Amend Protocol I Tool KitISDA Amend Protocol I Tool Kit
ISDA Amend Process FlowISDA Amend Process Flow
ISDA Amend Webinar Presentation - Sep 6 2012ISDA Amend Webinar Presentation - Sep 6 2012
ISDA Amend Webinar replay - Sep 6 2012ISDA Amend Webinar replay - Sep 6 2012
For more information about Markit, please contact us at any of our regional offices
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