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ISDA negotiation and review

The ISDA Master Agreement and Schedule are anything but standard, and the dealer's draft is written for the dealer. Evercrest negotiates the terms in your favor, protects your structure, and explains every provision that matters before you sign.

Overview

We read every line on your behalf.

Most borrowers, and many issuers, sign the dealer's ISDA largely as presented, and then live with cross-default language, collateral terms, ratings triggers, and termination provisions that were never negotiated. We read every line on your behalf. We push back on one-sided terms, protect non-recourse and special-purpose structures, set collateral thresholds and ratings triggers you can live with, and make sure the additional termination events do not put you at the dealer's mercy. You sign a document you understand, on terms that are fair.

What's included

The document, in your favor.

Master & Schedule review

Every provision read and explained.

Term negotiation

Push back on one-sided dealer language.

Structure protection

Safeguard non-recourse and special-purpose borrowers.

Collateral & triggers

Thresholds and ratings terms you can live with.

Common questions

Questions, answered.

Can you review an ISDA the bank says is final?
Yes. Final is rarely final, and the terms are more negotiable than borrowers assume.

Have an ISDA on your desk?

Let us review it before you sign.