On October 11th, the International Swaps and Derivatives Association launched the ISDA 2013 Account Control Agreement ("ISDA ACA"). The ISDA ACA facilitates the negotiation process of contractual arrangements that provide for segregation of Independent Amounts ("IA") with a third party custodian. The ISDA ACA is a three-way contract between the custodian and two over-the-counter derivatives counterparties and provides that the custodian will hold and release IA to the counterparties based on pre-defined conditions. ISDA Press Release.