On December 27, 2018, the Securities Association of China (SAC), the China Futures Association (CFA) and the Asset Management Association of China (AMAC) jointly issued the Notice on Issuing the Master Agreement for Derivatives Transactions in the China Securities and Futures Markets . The name of the Master Agreement for OTC Derivatives Transactions in the China Securities and Futures Markets (2014 Version) (the "2014 Master Agreement") has now been changed to the Master Agreement for Derivatives Transactions in the China Securities and Futures Markets (the "2018 Master Agreement").