In the interests of more transparent decision-making, and improving the interface between interested parties (such as regulators1, vendors and other infrastructure providers), in late 2009 ISDA published a governance structure for the OTC derivatives industry’s market practice and post trade activities. This document outlines that industry governance structure, and reflects the results of extensive consultations with many constituents of the industry. As the evolution of the market dictates, ISDA will work with members and constituents to revise and update the governance model, and will publish new versions of this governance document as appropriate. This document should be read in conjunction with the accompanying organizational charts.
Documents (1) for OTC Derivatives Industry Governance Structure
Latest
Expanding Legal Agreement Coverage in the CDM
This paper examines the recent extension of the Common Domain Model (CDM)1 to represent two of the most significant, and previously undeveloped, areas of its legal agreement model: umbrella agreements and contract amendments. Umbrella agreements are widely used to document...
ISDA Omnibus Canadian Representation Letter
On September 2, ISDA published the Omnibus Canadian Representation Letter, which combines previously published representation letters drafted to assist firms in compliance with Canadian trade reporting, business conduct, regulatory margin and clearing classification rules. The Omnibus Canadian Letter is designed...
Joint Response on Cross-margining
On August 31, ISDA and FIA submitted a letter to the US Commodity Futures and Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) on the agencies’ joint request for comment on the implementation of portfolio margining and cross-margining...
Accounting for Carbon Credits: Latest Developments
This paper updates and extends the analysis set out in ISDA’s October 2023 paper on accounting for carbon credits. While preserving the original focus on the accounting treatment of voluntary carbon credits (VCCs) and compliance carbon credits (CCCs), it expands...