The Clear Derivatives Execution Agreement is a model for market participants to use clear swaps when negotiating execution agreements with counterparties on the swaps to be deleted. The memorandum, as well as the attached memorandum, contains important information on the use of the Cleared Derivatives Execution Agreement, a brief description of the intent of each section of the Cleared Derivatives Execution Agreement, unique for carrying out a cleared swap transaction, and a comparison of the execution procedures. BREXIT: As of 31 January 2020, the UK is no longer an EU member state, but it has followed an implementation period during which the EU will continue to be treated as a member state for many purposes. As a third country, the UK can no longer participate in political institutions, EU agencies, offices, bodies and governance structures (except to a limited agreed extent), but the UK must continue to meet its obligations under EU law (including treaties, legislation, principles and international agreements) and submit to the ongoing jurisdiction of the European Court of Justice, in accordance with the transitional provisions of Part 4 of the agreement. For more information, see: Brexit – Introduction to the Withdrawal Agreement. This has an impact on this exercise score. You`ll find practical guidelines: Brexit – impact on financial transactions – Key issues for derivatives transactions and Brexit – Impact on financial transactions – Derivatives and capital markets transactions – key SIs. This webinar discussed the recently released FIA-ISDA Cleared Derivatives Execution Agreement – a model that can be used by participants in clear swap markets to negotiate enforcement-related agreements with over-the-counter derivatives counterparties that must be removed. This webiner provides an overview of the document and its use, takes a closer look at the specific provisions and presents optional annexes. The Cleared Derivatives Execution Agreement is a model for clear swap market participants to be used in the negotiation of performance agreements with swap counterparties that will be settled through the U.S. Futures Commission. The memorandum explains the changes made between version 1 and version 1.1 after acceptance of a derivatives transaction to clearing by the relevant clearing body: when each party close to Party A and Part B has entered into separate countervailing derivatives transactions that are subject to the applicable agreement each has entered into a contract with its respective compensatory member (unless Part A and/or Part B are already countervailing members of the compensation organisation concerned) and each of them no longer has any rights or obligations to the other with respect to the derivative transaction concerned.