OTC Derivatives Disclosures

Terms of Dealing

Terms of Dealing

Disclaimer: Pre-trade mark methodology and assumptions

Any pre-trade mid-market mark ("Pre-Trade Mid") that we may provide is furnished solely for informational purposes and only where, and when, we elect to do so in our sole discretion. The Pre-Trade Mid may be determined using a variety of valuation methodologies, including discounted cash flow analyses, internal valuation models, and pricing information obtained from third-party sources. The methodology used for a particular swap will depend on factors such as the type of swap, the availability and observability of relevant market data, and whether the transaction contains optionality or other complex features. As a result, different swaps may be valued using different methodologies and assumptions. We may also provide a two-way price (i.e., a bid and offer) rather than a single mid-market mark. Additional information regarding a Pre-Trade Mid, including the valuation methodology and key assumptions used, may be available upon request from your TD representative.

The provision of a Pre-Trade Mid is not an offer, solicitation, recommendation, or commitment by us to enter into, replace, terminate, or otherwise execute any transaction. The Pre-Trade Mid is indicative only, is time-sensitive, and may not represent a price at which we are willing to transact, replace, or terminate a transaction, the value used for margining purposes, or the value reflected on our books and records. No representation or warranty is made as to the accuracy, completeness, suitability, or availability of any Pre-Trade Mid, and any reliance upon it is at your own risk. We reserve the right to modify, suspend, or cease providing a Pre-Trade Mid at any time without notice. Any Pre-Trade Mid previously provided may change due to market conditions or the passage of time, even if the price at which we would be willing to enter into the transaction has not changed.

Dodd-Frank Product Disclosures, Definitions and Material Economic Terms

The International Swaps and Derivatives Association, Inc. (“ISDA”) owns the copyright on the ISDA Documentation accessible from this website. The ISDA Documentation may not be reproduced or distributed without ISDA’s written permission, except the ISDA Master Agreements, ISDA Credit Support Documents and standardized general and product specific risk disclosures published by ISDA, which may be reproduced and distributed solely for use in documenting specific commercial transactions. In no event may any copyright or trademark notice from ISDA be removed; and this instrument's use should be undertaken only after securing appropriate legal advice on its provisions and ISDA makes no warranty or assurance, express or implied, concerning this instrument's suitability for use in any particular transaction and bears no responsibility or liability whatsoever, whether in tort or in contract, in respect of any use of this instrument.

Daily Marks Disclosure

General

ISDA Documents

• 1991 ISDA Definitions
• 2000 ISDA Definitions
• Annex to the 2000 ISDA Definitions
• 2006 ISDA Definitions
• 2006 ISDA Fund Derivatives Definitions
• IBOR Alternative Reference Rates Disclosure
• General Disclosure Statement for Transactions 2023
• 2024 Canadian Business Conduct Disclosure Statement

TD Documents

• Addenda to General Disclosure Statement for Transactions 2023
• CFTC Notification of Right to Segregation of IM
• SEC Notification of Right to Segregation of IM
• Foreign Dealer Notice – TDGF
• Foreign Dealer Notice – TDSEA
• Foreign Dealer Notice – CFP

Credit

ISDA Documents

• 1999 ISDA Credit Derivatives Definitions
• 2003 ISDA Credit Derivatives Definitions
• 2003 ISDA Credit Derivatives incorporating the "May 2003 Supplement" and the "July 2009 Supplement"
• Exhibit A to 2003 ISDA Credit Derivatives Definitions
• May 2003 Supplement to the 2003 ISDA Credit Derivatives Definitions
• Disclosure Annex for Credit Derivative Transactions

Rates

ISDA Documents

• 1987 ISDA Interest Rate and Currency Exchange Definitions
• 2021 ISDA Interest Rate Derivatives Definitions

TD Documents

• Interest Rate Derivatives Disclosure Annex

Material Economic Terms

• MarkitSERV METs – Rates
• MarkitSERV METs – Non-MarkitWire Supported Products

Equity

ISDA Documents

• 1994 ISDA Equity Option Definitions
• 1996 ISDA Equity Derivatives Definitions
• 2002 ISDA Equity Derivatives Definitions
• 2011 ISDA Equity Derivatives Definitions

TD Documents

• Equity Derivatives Disclosure Annex

Material Economic Terms

• Equity MET

FX

ISDA Documents

• 1992 FX and Currency Option Definitions
• 1998 FX and Currency Option Definitions
• Compendium of Amendments to Annex A to the 1998 FX and Currency Option Definitions
• Revised Annex A to 1998 FX and Currency Option Definitions

TD Documents

• Foreign Exchange Derivatives Disclosure Annex
• Foreign Exchange Derivatives Disclosure
• Addendum to Disclosure Annex for Foreign Exchange Transactions

Material Economic Terms

• MET – FX

Commodities

ISDA Documents

• 1993 ISDA Commodity Derivatives Definitions
• 2000 Supplement to the 1993 ISDA Commodity Derivatives Definitions
• 2005 ISDA Commodity Definitions and User's Guide to the 2005 ISDA Commodity Definitions
• Supplement to Sub-Annex A to the 2005 ISDA Commodity Definitions

TD Documents

• Commodities Derivatives Disclosure Annex

Material Economic Terms

Energy:

• ISDA Swap and Options template

Global Precious Metals:

• BM - Option
• BM - Swap
• GPM - Forward Swap
• GPM - Simple Option
• GPM Spot Forward