The Global Documentation Steering Committee (GDSC) was dissolved in August 2007 in recognition that it had largely achieved its goal of influencing organizations that sponsor market documentation to address “documentation basis risk” and the other issues that had animated the GDSC since its foundation in 1999.

2006

November 30, 2006 - Improving Master Agreement and Related Trading Agreement Negotiations WORD

November 30, 2006 - GDSC Cross-Affiliate Exposure Risk Reduction Techniques under the New Bankruptcy Code Safe Harbors: Conference Handout PDF and Conference Presentation PDF

November 30, 2006 - GDSC Escrow Conference Materials WORD, Conference Presentation PDF and GDSC Provision WORD

October 23, 2006 - GDSC Policy Statement on Trader Authorization Letters and a Model Response Letter PDF

2005

September 2005 - Zdenka S. Griswold's Counterparty Risk Management Policy Group II: "OTC Documentation Practices in a Changing Risk Environment" PDF
July 27, 2005 - Financial Infrastructure: Documentation and Related Policies and Practices OFFSITE (Section IV) of The Counterparty Risk Management Policy Group II

2004

December 2, 2004 - Thomas A. Russo's Presentation to the G30 Re: Recommendations 14-16 PDF
November 15, 2004 - GDSC Letter to the G30 Re: Iniatives of the GDSC Relating to the G30 Recommendation 16 PDF
November 10, 2004 - Confidentiality Agreement PDF and User's Guide PDF
October 26, 2004 - How To Improve Master Agreement and Related Trading Agreement Negotiations - A Practitioner's Best Practice Guide PDF

2003

October 29, 2003 - GDSC Recommendations Concerning Force Majeure WORD
August 21, 2003 - GDSC Letter to Financial Stability Forum Suggesting Cooperation in Reducing Documentation Basis Risk WORD
August 21, 2003 - GDSC Recommendations Concerning Bankruptcy Events of Default WORD
May 12, 2003 - GDSC Recommendations to the 2002 ISDA Master Agreement WORD
April 29, 2003 - GDSC Working Material: Draft Outline of Dispute Resolution Provisions WORD
April 25, 2003 - Keynote Address by Thomas A. Russo to the 13th Annual Derivatives and Risk Management Conference WORD
March 17, 2003 - GDSC Working Material: Draft Comparison of Bankruptcy Events of Default WORD
February 11, 2003 - GDSC Working Material: Draft GDSC Notice Provision and Default Notice Comparison WORD
February 3, 2003 - GDSC Working Material: Draft Comparison of Force Majeure, Act of State, Illegality and Impossibility Provisions WORD
January 24, 2003 - Recommended Default Notices WORD and Commentary on Global Documentation Steering Committee Recommended Default Notice Provisions WORD

2002

September 9, 2002 - GDSC Working Material: Draft Comparison of Master Agreements EXCEL
August 6, 2002 - Recommended Notice Provision WORD and Commentary on Global Documentation Steering Committee Recommended Notice Provision WORD
January 10, 2002 WORD - Committee Urges Market Participants to Consider Using Cross-Product Master Agreements to Reduce Risk

2001

July 17, 2001 WORD - Bank of England Letter
June 15, 2001 WORD - Global Documentation Steering Committee letter
June 15, 2001 WORD - Memorandum regarding proposed definition of "Forced Majeure Event" (pdf - 17kb)
June 12, 2001 WORD - Memorandum regarding Adequate Assurances Provision for Financial Market Transactions
May 11, 2001 WORD - Adequate Assurances - English law
May 8, 2001 WORD - Adequate Assurances - Collateral and Prepayments - U.S. law
April 23, 2001 WORD - Financial Stability Forum
April 9, 2001 PDF- Roundtable on Globalization Issues (pdf - 1,473kb)

2000

December 15, 2000 WORD - Durbin-Delahunt Legislation letter
November 29, 2000 WORD - Memorandum Regarding Involuntary Insolvency Default Provision
November 29, 2000 WORD - Memorandum Regarding Cross-Default Provision