Operational Best Practice Materials – PDF Presentation explaining the market practice changes to the Credit Novation Consent process. The two step practice of consent followed by confirmation is being replaced by an automated single step process for parties to provide their consent and their legal confirmation to a Novation simultaneously; Additional Provisions for Consent to, and Confirmation of, Transfer by Novation of OTC Derivative Transactions: to download, visit: http://www.isda.org/cgi-bin/_isdadocsdownload/download.asp?DownloadID=457
Documents (1) for Credit Novation Consent Equals Confirmation: Presentation and link to Additional Provisions
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The CPI Quandary
The recent US government shutdown didn’t just create weeks of political drama – it also left inflation-linked swaps dealers with a major headache: how should they determine an initial value for new trades given the US Bureau of Labor Statistics...
ISDA Response to HMT, BoE on UK CCPs
On November 18, ISDA submitted its responses to the Bank of England (BoE) consultation on ensuring the resilience of central counterparties (CCPs) and the UK Treasury’s (HMT) two draft CCP statutory instruments (SIs). These consultations form part of the update...
Doubling Down on Appropriate Trading Book Capital
Throughout ISDA’s 40th anniversary year, we’ve been reflecting on the quest for greater consistency and efficiency that underpins everything we’ve achieved since 1985. It was at the heart of the original efforts to bring greater standardization to the nascent derivatives...
Determining Initial Reference Index for New Trades
On November 25, 2025, ISDA published a Market Practice Note (MPN) to recommend a specific methodology that market participants could elect to use for the purposes of determining the Initial Reference Index for certain new inflation derivative transactions given that...