ABSTRACT
The objective was to provide a flexible format with the widest possible use in docu-
menting as many transactions as possible between the same parties with the mini-
mum of repetition.
The Multicurrency Master Agreement needs to:
identify and address sources of risk, be it market, credit, operational or legal
risk, and
address the legal concerns of the jurisdictions of its governing laws (New York
or English) and the jurisdictions where swap parties using the agreement are
based.
