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
Updated OTC Derivatives Compliance Calendar
ISDA has updated its global calendar of compliance deadlines and regulatory dates for the over-the-counter (OTC) derivatives space.
ISDA/IIF Responds to the PRA Consultation
On July 30th, ISDA and IIF responded to the PRA consultation (CP10/25) on enhancing banks’ and insurers’ approaches to managing climate-related risks, which proposes updates to the Supervisory Statement 3/19 on climate-related risk management for banks and insurers. ISDA and...
ISDA Board Appoints New Chair
ISDA has announced that its Board of Directors has elected Amy Hong as its new Chair. Ms. Hong is Head of Strategy, Investments and Partnerships in the Global Banking & Markets division at Goldman Sachs, responsible for leading strategic initiatives...
Response on Scope of BMR
On July 28, ISDA and the Global Foreign Exchange Division of the Global Financial Markets Association responded to the European Commission’s (EC) consultation on the need to exempt spot foreign exchange (FX) benchmarks under Article 18a of the EU Benchmarks...