Finally, with respect to new isda contracts, new transactions under existing agreements, or amendments to existing contracts, parties should consider adding emails as an authorized method of notification for all purposes, including in the event of default and termination. Other termination events that can be added to the calendar include a credit degradation below a certain level. The main benefits of an ISDA master agreement are improved transparency and liquidity. As the agreement is standardized, all parties can review the ISDA Framework Agreement to find out how it works. This improves transparency, as it reduces the possibility of obscure provisions and exchange clauses. Similarly, the declaration of termination of a transaction under an ISDA contract is effective only if the notification of the early termination date is effective, in accordance with the terms of the agreement.. . . .