The Cleared Derivatives Execution Agreement is a model intended to be used by cleared swap operators when negotiating execution agreements with counterparties for swaps that will be cleared by U.S. Futures Commission Merchants. The memorandum outlines the changes between version 1 and version 1.1 The Cleared Derivatives Execution Agreement is a model for participants to use cleared swaps when negotiating execution agreements with counterparties on swaps that will be cleared. The memorandum contains, together with its annex, important information regarding the use of the Cleared Derivative Execution Agreement, a brief description of the intent of each of the sections of the Cleared Execution Agreement, which is unique for the performance of a sovereign credit swap agreement, and a comparison of the execution agreements. .
