Policies established by The International Swaps and Derivatives Association (ISDA) forbid swap contracts to be made between parties of different credit standing.

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Policies established by The International Swaps and Derivatives Association (ISDA) do not forbid swap contracts to be made between parties of different credit standing, but they do require certain measures like collateralization and credit support annexes to mitigate counterparty credit risk.

Policies Established by the International Swaps and Derivatives Association (ISDA)