---
title: "ISDA Master Agreements"
url: "https://legal.ge/en/service/banking-and-finance-law-en/isda-master-agreements-en"
field: "Banking & Finance Law"
description: "Expert legal support for ISDA Master Agreements in Georgia. Schedule negotiation, CSA, and netting advisory. Find verified specialists on Legal.ge."
reviewed: "2026-07-09"
updated: "2026-11-08"
publisher: "legal.ge"
---

# ISDA Master Agreements

> Source: legal.ge, https://legal.ge/en/service/banking-and-finance-law-en/isda-master-agreements-en

The ISDA Master Agreement is the globally recognized standard for over-the-counter (OTC) derivatives trading, which is gaining increasing relevance in Georgia. It is a complex framework agreement that regulates all key aspects of the relationship between parties, including events of default, termination, and netting. In Georgia, where financial institutions and large corporations actively use derivative instruments to manage risks, the correct interpretation and adaptation of ISDA terms is critically important. The ISDA Master Agreement allows parties to carry out multiple transactions under a single legal umbrella, reducing administrative costs and legal uncertainty. The Legal.ge platform connects you with qualified lawyers who have international experience in preparing and negotiating ISDA documentation, ensuring a high standard for your financial operations.

## What does the ISDA Master Agreements service cover?

Legal services related to the ISDA Master Agreement cover the full cycle of documentation necessary for secure trading. The service covers: selecting and analyzing the ISDA 2002 or 1992 Master Agreement; preparing and negotiating the Schedule, which contains the parties' individual provisions; drafting the Credit Support Annex (CSA), which regulates the rule for transferring collateral; legal review of specific transaction Confirmations; ensuring compliance with Georgian legislation, particularly regarding netting and financial collateral; and preparing Legal Opinions for international counterparties. Lawyers ensure that the agreement is fully enforceable by Georgian courts and arbitration institutions, protecting the client in case of a counterparty default.

## Common real-world scenarios

In practical activities, an ISDA Master Agreement becomes necessary during several typical cases. A first scenario is "Corporate Hedging," when a Georgian energy or construction company signs an agreement with a bank to hedge against interest rate or currency risks. A second scenario concerns "Interbank Trading," where local banks carry out derivatives transactions with international financial institutions (e.g., EBRD or large investment banks). A third scenario is "Collateral Management," when margin needs to be transferred between parties due to market volatility, which must be precisely defined in the CSA. It is also common for the agreement to need modification due to new regulations (e.g., LIBOR transition) or a change in a client's credit rating. Each of these cases requires high-level legal expertise.

The full text is available on legal.ge after signing in: https://legal.ge/en/service/banking-and-finance-law-en/isda-master-agreements-en

### Why is a Schedule necessary if ISDA is a standard form?

The standard form is pre-printed; the Schedule is where parties customize legal choices, tax representations, and specific credit triggers.

### Is it common to use English law for ISDA in Georgia?

Yes, most ISDA agreements in Georgia are governed by English law, which requires a lawyer to ensure there are no conflicts with local public policy.

### Can an ISDA Master Agreement be signed electronically in Georgia?

Yes, under Georgian law on electronic documents, provided the chosen platform meets the security standards for financial contracts.