Revised SCC model arbitration clause for continued use with the ISDA 2002 Master Agreement
The revised SCC-ISDA model clause, facilitating the use of arbitration as a recommendable dispute resolution alternative by banks and financial institutions, is included in the updated 2018 ISDA Arbitration Guide. This guide supersedes the earlier (2013) version.
The original clause was drafted in co-operation with the Swedish law firms Gernandt & Danielsson and Mannheimer Swartling and the revised clause has been reviewed by the trade organization the International Swaps and Derivatives Association (ISDA).
The updated SCC-ISDA model arbitration clause is available for use with the ISDA 2002 Master Agreement; a widely used form of master contract for over-the-counter derivatives transactions.