These are the superseded editions of our GFS Agreements. These no longer apply to new relationships, but may apply to existing ones. If you would like to upgrade to the current editions please let your regular ÃÛ¶¹ÊÓƵ contact know. Comparisons between versions of the documents are available on request.
As always, you can access the current versions of the GFS agreements atÌýwww.ubs.com/gfsterms.
GFS General terms
GFS General terms
Edition 1.0 August 2018
. Superseded in September 2019 by Edition 1.1, September 2019. Summary of changes: Numerous adjustments and clarifications as a result of client negotiations over the year.
Edition 1.1 September 2019. Superseded in November 2021 by Edition 1.2, NovemberÌý2021. Summary of changes:ÌýRevisions for regulatory margin, addition of intermediate call language, post-Brexit regulatory changes and numerous adjustments following client feedback and market developments.
Edition 1.2 December 2021. Superseded in October 2022 by Edition 1.3, October 2022. Summary of changes: Updated standard of conduct.
Edition 1.3 October 2022 Superseded in October 2024 by Edition 1.4, October 2024. Summary of changes: Cross netting OTC and exchange traded derivatives.
GFS ISDA terms
GFS ISDA terms
Edition 1.3 September 2021 Superseded in November 2023. Summary of changes: Ownership representations are now added.
Edition 1.4 November 2023 Superseded in March 2024. Summary of changes: ISDA 2021 Definitions used under the PRT instead of 2006, effective execution added for reporting purposes.