ISDA welcomes the final report of the European Securities and Markets Authority (ESMA) on the clearing Regulatory Technical Standards (clearing RTS) under the European Market Infrastructure Regulation (EMIR), proposing an extension of the equivalent derogation until December 21, 2020. We ask the European Commission and European Supervisory Authorities to take a similar approach to the derogations under the margin RTS by extending these for two additional years. ISDA believes that an extension would prevent market fragmentation and instability until further equivalence decisions can be adopted.
Documents (1) for Letter to EC and ESAs on Time-limited Derogations for Intragroup Transactions and Equity Options and Indexes
Latest
Launch of US Treasury Repo Market Indicators
ISDA has launched the ISDA-Actrix US Treasury Repo Market Clearing Indicators in collaboration with Actrix. The indicators illustrate central clearing adoption in the US Treasury repo market. Sponsored cleared repo volumes are used as a proxy to monitor client participation...
ISDA-Actrix US Treasury Clearing Indicators
This report provides indicators that illustrate central clearing adoption in the US Treasury repo market. Sponsored cleared repo volumes are used as a proxy to monitor client participation in central clearing, the key objective of the Securities and Exchange Commission's...
ISDA In Review – May 2026
A compendium of links to new documents, research papers, press releases and comment letters published by ISDA in May 2026.
US Treasury Repo Market Indicators Methodology
This paper is intended for market participants interested in the structure and methodology used to construct the ISDA-Actrix US Treasury Repo Market Clearing Indicators. It provides precise details allowing participants to access the publicly available data and replicate the calculations...