On June 11th, the International Swaps and Derivatives Association and the Futures and Options Association announced the launch of the ISDA/FOA Client Cleared OTC Derivatives Addendum. The ISDA/FOA Client Cleared OTC Derivatives Addendum is a template for use by cleared swaps market participants to document the relationship between a clearing member and its client for purposes of clearing over-the-counter derivatives transactions across central counterparties that use the principal-to-principal client clearing model. The Addendum, which is published jointly by ISDA and the FOA, is designed to be a supplement to an ISDA Master Agreement or FOA futures and options agreement. ISDA Press Release.