Interested in training for your team? Click here to learn more

Swaps in Commercial Finance Transactions: Coordinating Loan Terms With the ISDA Master Agreement and Schedule

Documenting Commercial Loans and Interest Rate Swaps to Account for Loan Collateral, Cross-Defaults, and other Lender/Borrower Issues

Recording of a 90-minute premium CLE video webinar with Q&A

This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

Conducted on Thursday, November 9, 2023

Recorded event now available

or call 1-800-926-7926

This CLE course will guide finance counsel on how interest rate swaps and other derivative products are used to hedge risk in loan transactions, how derivatives terms are appropriately integrated into loan documentation, and how to document the swap transaction to ensure consistency with the loan.


The vast majority of over-the-counter derivatives transactions are governed by standard documents published by the International Swaps and Derivatives Association (ISDA). The documentation includes the ISDA Master Agreement, a Schedule thereto, in some cases a Credit Support Annex, and a trade confirmation, which together establish the relationship between a borrower and swap provider and the legal and economic terms of the swap (or other hedging transaction).

Counsel plays a critical role in integrating the appropriate swap-related provisions into loan terms, including cross-default, cross-collateralization, prepayment, assignment, implementation of floating rate fallback terms, and recourse obligations.

Listen as our authoritative panel of finance practitioners guides you through the use of swaps to hedge risk in loan transactions and best practices for coordinating the swap and loan documents.



  1. Use of derivatives to hedge risk in loan transactions
  2. Integration of derivatives into loan documentation and coordination with derivative documentation


The panel will review these and other key issues:

  • How derivatives products are used to hedge risk in commercial finance and other loan transactions
  • Certain Dodd-Frank Act regulatory considerations
  • Best practices for integrating derivatives terms into loan documentation
  • Best practices for ensuring that the derivatives documentation is consistent with the financing terms
  • Life after LIBOR: alternative reference rates and recommended floating rate replacement terms


Buonanno, Joseph
Joseph B. Buonanno

Hunton Andrews Kurth

Mr. Buonanno heads the firm's derivatives group and is a member of its opinion committee and its Uniform Commercial...  |  Read More

Isaac, Cheryl
Cheryl L. Isaac

K&L Gates

Ms. Isaac advises a broad range of derivatives market participants - exchanges, financial institutions, asset managers,...  |  Read More

Access Anytime, Anywhere

Strafford will process CLE credit for one person on each recording. All formats include course handouts.

To find out which recorded format will provide the best CLE option, select your state:

CLE On-Demand Video