This committee
focuses on facilitating and addressing issues (ranging from documentation
to market practice) related to the prudent development of the range
of commodity derivatives transactions.
- Europe Co-Chair: Jonathan Taylor
(Barclays Capital)
- Europe Co-Chair: Max Nuttall (BP)
- Japan Chair: Please refer to the
Weather, Commodities & Developing Products Committee under
the Japan Committee webpage
- North America Chair: Steven Bunkin
(Goldman Sachs)
- North America Staff Contact: Johanna
Schwab (jschwab@isda.org)
- Europe Staff Contact - Peter Werner
(pwerner@isda.org)
How
to Join
ISDA Commodity
Documentation
Best Practice Statements and Guidance Notes
Comment
Letters; Papers; Amicus Briefs
Top of Page
Please
join us in Houston on June 17 and 18, 2008!
Fundamentals
of Commodity Derivatives Seminar
June
17, 2008 - The Four Seasons Houston
7.5 CLE Hours Available (New York)
6.5 MCLE Credit
Hours Available (Texas)
7.5 CPE Hours Available
View
Agenda | To
Register
ISDA
Energy, Commodities and Developing Products Conference
June 18, 2008—The Four Seasons Houston
7.5 CLE Hours Available (New York)
6.5 MCLE Credit Hours Available (Texas)
7.5 CPE Hours Available
View
Agenda | To
Register
|
ISDA
Commodity Documentation
ISDA Commodity
Definitions
|
SUBJECT
|
STATUS
|
AVAILABLE
DOCUMENTS |
|
2005
ISDA Commodity Definitions and related User's
Guide - the Definitions revise, update and expand
upon the 1993 ISDA Commodity Derivatives Definitions, the
2000 Supplement to the 1993 Definitions and incorporates the
1997 ISDA Bullion Definitions. |
Published
June 30, 2005
|
2005
ISDA Commodity Definitions and User's Guide to the 2005 ISDA
Commodity Definitions |
|
Amendment Agreement and
Letter Agreement for parties who agree to
substitute references in a Schedule or Confirmation to the
1993 ISDA Commodity Derivatives Definitions, the 2000 ISDA
Supplement and the 1997 ISDA Bullion Definitions with a reference
to the 2005 ISDA Commodity Definitions |
Published
June 23, 2005 |
Amendment
Agreement
Side
Letter |
| Substantive
Issues Working Group - Originally formed to draft
the 2005 ISDA Commodity Definitions |
Active
working group |
To
join the working group, contact
pwerner@isda.org or
jschwab@isda.org |
Coal
| SUBJECT
|
STATUS
|
AVAILABLE
DOCUMENTS |
|
ISDA
Global Physical Coal Annex (“ISDA Coal Annex”)
for the purchase or sale of physical coal (sourced at origins
in the US or outside the US) on a spot or forward basis, or
for trading in options to purchase or sell physical coal.
Important Note for “International
Coal”: For coal sourced at origins outside the United
States (“International Coal”), the Standard Coal
Trading Agreement published by globalCOAL® (“SCoTA®”)
is incorporated by reference into Appendex 2 of the ISDA Coal
Annex. globalCOAL Limited is the sole proprietor of any and
all the intellectual property rights in, to, arising from
and associated with each and all versions of the SCoTA. Express
consent is required from globalCOAL Limited in order to make
use of SCoTA in any manner, including the SCoTA terms incorporated
by reference through Appendix 2 to the ISDA Coal Annex. Accordingly,
if a party wishes to enter into transactions governed by Appendix
2 of the ISDA Coal Annex, before doing so it must accept and
therefore enter into the globalCOAL Limited licensing scheme,
which is available at <http://www.globalcoal.com/>
|
Published
April 18, 2007
|
ISDA
Global Physical Coal Annex; Press
Release
|
Emissions - US
|
SUBJECT
|
STATUS
|
AVAILABLE
DOCUMENTS |
| U.S.
Emissions Allowance Transaction Annex and related Confirmation
for the purchase, sale or exchange of an emissions
product on a spot or forward basis, or as option to purchase,
sell or exchange an emissions product
|
Published
December 21, 2006
|
|
Emissions - Europe
Gas - North America
Gas - Europe
|
SUBJECT
|
STATUS
|
AVAILABLE
DOCUMENTS |
|
European Gas Annex
for physical trading (NBP and ZBT contracts)
under the ISDA Master Agreement |
Published
May 31, 2005 |
European
Gas Annex |
| European
Gas Annex for physical trading (NBP and ZBT
contracts) under the ISDA Master Agreement
(Note: This has been superseded by
the version dated May 31, 2005) |
Published March
17, 2003 |
Press
Release, Gas
Annex - 2002, Gas
Annex - 1992 |
Power - North America
Power - UK
|
SUBJECT
|
STATUS
|
AVAILABLE
DOCUMENTS |
|
GTMA
Transactions Annex (fka UK Power Annex) for physical
trading under the ISDA Master Agreement. (Drafted in consultation
with FOA). |
Published
December 20, 2004 |
GTMA
Transactions Annex |
Weather
|
SUBJECT
|
STATUS
|
AVAILABLE
DOCUMENTS |
|
Weather
Index Confirmations including a revised Weather Index Swap
Confirmation |
Published
October 28, 2003 |
Press
Release, OTC
Weather Index Swap, OTC
Weather Index Put Option/Floor, OTC
Weather Index Call Option/Cap, Form
of CPD Weather Index Appendix, Form
of CDD Weather Index Appendix and Form
of HDD Weather Appendix |
| Weather
Index Swap Transaction Confirmation
(Note: This has been updated in
the version dated October 28, 2003) |
Published April
28, 2003 |
Press
Release, Confirmation,
Definitions
Appendix and Weather
Index Appendix - HDD |
|
Weather Derivatives
Fallback Methodology Study for ISDA by Risk Management Solutions,
Inc.
Tests of methods of estimating missing data from alternative
station records. Daily maximum and minimum temperatures. By
the Met Office for weatherXchange. |
February 11, 2003
February 13, 2003 |
Risk
Management Solutions, Inc and weatherXchange
(Studies are the intellectual property of the report publishers
and may not be shared without each of the publisher's permission)
|
Bridge Agreements
|
SUBJECT
|
STATUS
|
AVAILABLE
DOCUMENTS |
|
2002 Energy Agreement
Bridge and Commentary |
Published
October 28, 2002 |
Press
Release, Bridge,
Commentary
|
| 2001
Cross-Agreement Bridge and Commentary |
Published November
29, 2001 |
Bridge,
Commentary
|
|
Best Practice Statements and Guidance Notes
| SUBJECT
|
STATUS
|
AVAILABLE
DOCUMENTS |
| The ISDA Statement of Current Practice addresses the treatment of Additional Trading Days on ICE Futures including Monday, May 28, 2007 and future trading days that have not been announced. |
Published May 2,
2007 |
ISDA
Statement of Current Practice |
| US Exchange Closings
on January 2, 2007 - Commodity Derivatives |
Published January
4, 2007 |
Supplemental
Guidance |
| Best
Practices Statement for Certain Energy Transactions for OTC
derivatives transactions affected by the NYMEX's
discontinuation of its New York Harbor Unleaded Gasoline ("HU")
futures contract and ISDA's recommended replacement with the
NYMEX's reformulated gasoline blendstock for oxygen blending
futures contract ("RBOB") |
Published
May 12, 2006 |
Best
Practices Statement for Certain Energy Transactions
and related
Supplement
to Sub-Annex A to the 2005 ISDA Commodity Definitions
|
| Statement
of current practice articulated by certain members engaged
in OTC derivatives transactions involving Commodity Reference
Prices that reference Brent blend crude oil
and gas oil futures contracts on ICE
Futures |
Announced
December 1, 2005 |
Statement
of Current Practice for Certain Energy Products |
| ISDA
Issues Best Practices Statement for Certain Energy Products
|
Issued
March 25, 2003 |
Press
Release |
| ISDA
Best Practices Statement for Certain Energy Products |
Announced
September 14, 2001 |
Press
Release |
Top of Page
Comment
Letters; Papers; Amicus Briefs
Comment
Letters - US
| SUBJECT
|
STATUS
|
AVAILABLE
DOCUMENTS |
CFTC Request for
Comments (June 21, 2006) regarding potential changes to the
Commitments of Traders report
|
ISDA Comment Letter
Submitted – August 21, 2006
|
ISDA
Comment Letter on COT Report |
| ISDA
submissions to the Federal Energy Regulatory Commission (FERC)
on Market Manipulation |
Filed
December 28, 2005, December 5, 2005
and November 17, 2005 |
ISDA
Supplement to Reply Comments
ISDA
Files Reply Comments
ISDA
files Submission with FERC on Market Manipulation |
| ISDA
Letter of Intent to the National Association of Insurance
Commissioners (NAIC) |
Submitted
January 6, 2004 |
ISDA
Letter of Intent to the National Association of Insurance
Commissioners |
| ISDA
Comment Letter to the NAIC |
Submitted
February 25, 2004 |
ISDA
Comment Letter on NAIC's draft white paper entitled, "Weather
Financial Instruments (Temperature): Insurance or Capital
Markets Products?". |
| Update
on the NAIC's draft white paper on weather derivatives |
March
24, 2004 |
Update,
ISDA
Comment Letter |
| ISDA
applauds Senate decision on energy market amendment |
November
5, 2003 |
ISDA
Applauds Senate Decision on Energy Market Amendment |
| ISDA
heads coalition opposing Feinstein/Lugar/Levin energy market
amendment |
Submitted
November 04, 2003 |
ISDA
Letter to The Honorable Bill Frist and the Honorable Tom Daschle
|
| ISDA
Opposition to Feinstein Energy Derivatives Amendment |
Submitted
April 8, 2002 |
Industry
Letter, Legal
Analysis |
Comment Letters - UK / Europe
Comments Letters - Canada
|
Papers
Amicus Briefs
Top of Page
|