Dodd-Frank Protocol 1 (DFP1)

An ISDA Protocol aimed at assisting the over-the-counter derivatives industry in implementing regulatory requirements under Title VII of the US Dodd-Frank Act. It allows market participants to: (i) supplement the terms of existing ISDA Master Agreements under which the parties to the agreements may execute individual swaps and derivatives transactions; and (ii) enter into an agreement to apply selected Dodd-Frank compliance provisions to their swaps and derivatives trading relationship.