Product Representation for Standardized Derivatives (UPI, UTI/USI)

In this white paper we examine how product identifiers could be used for the standardized portion of the OTC derivatives markets. The first part of the paper contains a proposed approach, details the main fundamentals for the approach and describes the benefits of this change in market infrastructure. In the second part of the paper we examine a set of use cases and describe the next steps.

Documents (1) for Product Representation for Standardized Derivatives (UPI, UTI/USI)

ISDA Publishes SPS Matrix Version 1.02

On December 19, 2025, ISDA published an updated version (v1.02) of the ISDA Digital Asset Derivative Definitions Settlement Price Source Matrix (‘SPS Matrix”). The SPS Matrix contains a list of Settlement Price Sources (SPSs) and related terms that parties can...

From Milestone to Modernization

We’re coming to the end of an exceptionally busy year at ISDA, in which we celebrated our 40th anniversary and doubled down on our enduring commitment to safe and efficient derivatives markets. Reflecting on ISDA’s achievements since 1985, it’s clear...

IRD Trading Activity Q3 2025

This report analyzes interest rate derivatives (IRD) trading activity reported in Europe. The analysis is based on transactions publicly reported by 30 European approved publication arrangements (APAs) and trading venues (TVs). Key highlights for the third quarter of 2025 include:...