Clearing Connectivity Standard (CCS)

The Clearing Connectivity Standard (CCS) is an industry standard that helps improve over-the-counter (OTC) derivatives reporting and communication for asset managers, futures commission merchants (FCMs), central counterparties (CCPs) and custodians. To further the development of this work, ISDA will work with Sapient Global Markets, which initially developed the standard in collaboration with the largest custodian banks and leading FCMs, to provide program management, governance and industry oversight.

CCS will simplify integration with data systems and automate reconciliation in order to improve the communication and reporting of cleared OTC derivatives trades.

Documents (1) for Clearing Connectivity Standard (CCS)

Response to BoE on Systemic Stablecoins

On February 10, ISDA responded to the Bank of England’s (BoE) consultation on a proposed regulatory regime for sterling-denominated systemic stablecoins. In the response, ISDA highlights that any regulatory framework should be assessed through the lens of prudent risk management...

SwapsInfo Full Year 2025 and Q4 2025

Trading activity in interest rate derivatives (IRD) and credit derivatives increased in 2025, reflecting shifting monetary policy expectations and broader market conditions. IRD traded notional rose by about 46% year-on-year, led by an increase in overnight index swaps (OIS). Index...