ISDA to Publish Second Addendum to the August 2012 Protocol

The International Swaps and Derivatives Association published the second addendum (the “Addendum”) to the ISDA August 2012 Protocol Questionnaire (the “August Protocol”) on February 22. It will be available for completion electronically on Markit’s ISDA Amend on April 1. This Alert summarizes the content of the Addendum, which includes a fund’s (i) option to waive the right to receive disclosure of pre-trade, mid-market marks, (ii) self-identification as a U.S. person or non-U.S. person, and (iii) self-identification as a “category 2 entity,” if applicable, for purposes of the upcoming June and July clearing deadlines. Completion of the Addendum is optional and will not affect the August Protocol. In addition, funds are not required to answer all questions, but may choose to answer one or more questions.