This section of the ISDA website is a hub for links to key information and ISDA’s work regarding Interest Rate Derivatives – including documentation, market structure, public policy, research, market practices, guidance notes and educational materials.
ISDA’s Interest Rate Derivatives working groups:
ISDA conducts work on Interest Rate Derivatives issues though a variety of working groups; however, there are three specific working groups focused on this asset class:
- ISDA Interest Rates Steering Committee
- ISDA Interest Rates Market Infrastructure Group
- ISDA APAC Interest Rates Market Infrastructure Group
To request to join an ISDA working group: (1) Create an account on the ISDA website; and (2) After you create an account, log in and go to the Committees section to view your ISDA Committee Dashboard. You can request to join and leave working groups and distribution lists.
Links to key Interest Rate Derivatives infrastructures/documentation:
- 2021 ISDA Interest Rate Derivatives Definitions InfoHub
- Benchmark Reform and Transition from LIBOR InfoHub
- Market Closure InfoHub
- Research including the ISDA-Clarus RFR Adoption Indicator, Transition to Risk-free Rates (RFRs) Review and ISDA SwapsInfo Quarterly Review
News on current Interest Rate Derivatives initiatives:
ISDA’s interest rates working groups are currently discussing the following topics:
- Interest Rate Derivatives – Product standardization/development – ISDA is discussing the prioritisation of Interest Rate derivative products for potential work on standardizing product terms/templates; products suggested to date include: Constant Maturity Swaps, Bond Forwards, Latin American NDS and Rate Lock transactions (for more information, please contact jmartin@isda.org and mhurd@isda.org).
- 2021 Definitions Adoption – ISDA is working with market participants to help finalise market transition to the 2021 ISDA Interest Rate Derivatives Definitions (for more information, please contact jmartin@isda.org and mhurd@isda.org).
If you have any questions or would like additional information in relation to these matters, please email: marketinfrastructureandtechnology@isda.org.
Latest
ISDA & EMTA Publish New FX Definitions
ISDA and EMTA, Inc., the trade association for emerging markets, have jointly published a revised set of standard definitions for foreign exchange (FX) derivatives transactions, which update key market practices and consolidate various FX and FX-related product templates and provisions...
ISDA Position Paper on SFDR Review
On February 27, ISDA and the Association for Financial Markets in Europe (AFME) published a position paper on the European Commission’s (EC) proposed revisions to the Sustainable Finance Disclosure Regulation (SFDR 2.0). The paper welcomes the EC’s proposal as a...
ISDA Response to HKMA SFC Consultation on Clearing Rules
On February 27, ISDA responded to a joint consultation by the Hong Kong Monetary Authority (HKMA) and the Securities Futures Commission (SFC) on proposed amendments to schedule 2 of the clearing rules for over-the-counter (OTC) derivatives. The proposed amendments introduce...
ISDA/ASIFMA Request Clarifications on RBI IRD Master Directions
On February 11, 2026, ISDA and ASIFMA submitted a joint letter to the Reserve Bank of India (RBI) requesting clarifications on Master Direction – RBI (Rupee Interest Rate Derivatives) Directions, 2025 (FMRD.DIRD.No.06/14.03.046/2025-26) related to reporting data of IRD transactions entered...
