To adhere to the Protocol and for FAQs and other information regarding the Protocol, please go to the ISDA 2016 Variation Margin Protocol page.
For a description of the documents below, please see “How is the Protocol structured? What is the purpose of the different Protocol documents?” on the Protocol FAQs page.
New CSA Exhibit – English law CSA
Revised EMIR Supplemental Exhibit (Dec. 16, 2016)
Australia Rules Supplemental Exhibit (Jan. 20, 2017)
Non-netting Supplemental Exhibit (Jan. 20, 2017)
Swiss (FMIA) rules Supplemental Rules Supplemental Exhibit (May 9, 2017)
Documents (5) for New CSA Exhibit – English law CSA
- 5english-law-new-csa-exhibit(pdf) will open in a new tab or window
- 5english-law-revised-emir-supplement-for-new-csa-exhibit(pdf) will open in a new tab or window
- 5aus-supplement-en-law-new-csa(pdf) will open in a new tab or window
- 5non-netting-en-law-new-csa(pdf) will open in a new tab or window
- 5fmia-supplement-for-en-new(pdf) will open in a new tab or window
Latest
Joint Response on RBA Consultation
On August 11, ISDA and FIA submitted a joint response to the Reserve Bank of Australia (RBA) on its consultation on guidance for Australia’s clearing and settlement facility resolution regime. The associations welcome publication of the draft guidance, which provides...
SwapsInfo H1 2025 and Q2 2025
Interest rate derivatives (IRD) trading activity increased in the first half of 2025, driven by continued interest rate volatility, evolving central bank policy expectations and persistent macroeconomic uncertainty. Trading in index credit derivatives also rose, as market participants responded to...
ISDA Response to IFSCA Consultation
On August 5, ISDA responded to the International Financial Services Centres Authority’s (IFSCA) consultation on reporting and clearing of over-the-counter (OTC) derivatives contracts booked in International Financial Services Centres (IFSC). In the response, ISDA provided the following recommendations: Not mandating...
ISDA Response to BIS on Tokenization
On July 30, ISDA submitted a response to a Bank for International Settlements (BIS) consultation on leveraging tokenization for payments and financial transactions. In the response, ISDA focused on the legal, regulatory and documentation issues relevant to the derivatives market,...