2004 ISDA Novation Definitions
The 2004 ISDA Novation Definitions are intended to facilitate the documentation of the novation of transaction under the ISDA Master Agreement
The Novation Agreement is intended to be used in caeses where two parties have entered into one or more Transactions and one of those parties subsequently transfers its rights, liabilities, dutires and oblication to a new counterparty. A users guide accompanies the Novation Agreement.