• The LEAP Canadian Addendum is similar in structure to the North American physical natural gas master (NAESB) Canadian Addendum which is also an Annex to ISDA.
• If executed, the Canadian Addendum becomes part of the LEAP Master Agreement or optionally companies can execute the ISDA Oil Annex Canadian Addendum.
• Key provisions include Canadian legislation for insolvency and termination requirements, i.e. CCAA, choice of law, import/export provisions, and it allows for unit and currency differences.
• Once executed the Canadian Addendum facilitates electronic matching of transactions by providing standardized terms and conditions.
• In addition, establishing an industry standard agreement can shorten negotiation periods and reduce internal costs.

For more information, you may go to the Canadian Contract Confirmations Dashboard.