This section of the ISDA website is a hub for links to key information and ISDA’s work regarding Commodity Derivatives – including documentation, market structure, public policy, research, market practices, guidance notes and educational materials.
ISDA’s Commodity Derivatives working groups:
ISDA conducts work on Commodity Derivatives issues though a variety of working groups; however, there are four specific working groups focused on this asset class:
- ISDA Commodities Market Infrastructure Group
- ISDA Energy, Commodities & Developing Products Group
- ISDA Energy, Commodities & Developing Products Group Asia- Pacific
- ISDA Commodity Derivatives Regulatory 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 Commodity Derivatives infrastructures/documentation:
- 2005 ISDA Commodity Definitions, including the Sub-Annexes
- ISDA Bookstore section on Definitional Booklets/Commodity Derivatives
- Market Closure InfoHub
News on current Commodity Derivatives initiatives:
- Sub-Annex A Update – ISDA is conducting an initiative aimed at updating Sub-Annex A to the 2005 ISDA Commodity Definitions. Sub-Annex A contains a list of Commodity Reference Price (CRP) definitions that parties can reference in their OTC commodity derivatives contracts. On April 28, 2025, ISDA published on MyLibrary version 4 of the revised Sub-Annex A to the 2005 ISDA Commodity Definitions, containing updates to certain CRPs in the Energy section. ISDA is currently working with members on the next set of Energy CRP updates, which will be included in an upcoming version 5 publication. More information can be found by joining the ISDA Commodities Market Infrastructure Group.
- Sub-Annex A Maintenance Guidelines – On April 30, 2024, ISDA published maintenance guidelines for Sub-Annex A of the 2005 ISDA Commodity Definitions.
- CRP Naming Convention – ISDA published a document setting out the naming convention for how the Commodity Reference Prices (“CRPs”), as defined in Sub-Annex A of the 2005 ISDA Commodity definitions, should be named to increase consistency and understandability. More information at the following webpage (Sub-Annex A CRP Naming Convention) and by joining the ISDA Commodities Market Infrastructure Group.
If you have any questions or would like additional information in relation to these matters, please email: marketinfrastructureandtechnology@isda.org.
Latest
Launch of ISDA Notices Hub and Protocol
ISDA has launched the ISDA Notices Hub and the ISDA 2025 Notices Hub Protocol, giving users a faster and more efficient method for delivering critical notices and reducing the uncertainty and risk of losses that can result from delays. The...
Response to Voluntary Carbon Markets Consultation
On July 10, ISDA responded to the UK government’s consultation on voluntary carbon and nature markets. The UK should continue to play a leading role in promoting the consistent legal treatment of carbon credits internationally, with the development of global...
ISDA Response – ROC Consultation on Revised CDE Version 4
The International Swaps and Derivatives Association, Inc. (ISDA) response to the Regulatory Oversight Committee (ROC) consultation on the harmonisation of critical OTC derivatives data elements (CDE) revised CDE Technical Guidance – version 4, submitted to the ROC on January 24,...
ISDA response to ESMA MiFIR Review Consultation
On July 11, ISDA submitted a response to the European Securities and Markets Authority's (ESMA) fourth package of Level 2 consultation under the Markets in Financial Instruments Regulation Review (MiFIR), on transparency for derivatives, package orders and input/output data for...