OTC Commodity Derivatives Trade Processing Lifecycle Events

March 2011, the International Swaps and Derivatives Association (ISDA) Commodities Steering Committee (COSC) and Commodities Major Dealers Implementation Group (CMD) made a commitment to global supervisors to continue to drive a high level of product, processing and legal standardization, with a goal of securing further operational efficiency, mitigating operational risk and increasing the netting and clearing potential for appropriate products. This whitepaper (the Paper) analyzes existing and, where appropriate, potential opportunities for further standardization in the over-the-counter (OTC) commodity derivatives market. Additionally, the Paper includes a summary of key commodities’ trade processing lifecycle events, aligned, where appropriate, with established industry programs concerning metrics, documentation and electronic processing.

Listed trades and cleared OTC trades have been specifically excluded from the scope of this Paper due to the high degree of automation inherent in the processing of such trade types.

Documents (1) for OTC Commodity Derivatives Trade Processing Lifecycle Events

Response to CFTC on 24/7 Trading

ISDA, SIFMA, and SIFMA AMG jointly filed a comment letter on May 21, 2025 in response to the US Commodity Futures Trading Commission (CFTC) request for comment on 24/7 trading and clearing. Overall, the Associations believe that the feasibility of...

ISDA Publishes ISDA SIMM® Version 2.7+2412

This version of the ISDA SIMM has updates that are based only on the full recalibration of the model and marks the first ISDA SIMM version publication of the new semiannual calibration cycle in 2025. The ISDA SIMM methodology remains...

ISDA AGM Studio: José Manuel Campa, EBA

José Manuel Campa, chairperson of the European Banking Authority, speaks to Mark Gheerbrant, ISDA’s global head of risk and capital, about concerns over differences in timing and content of the Basel III reforms across jurisdictions and what can be done...