ISDA, in collaboration with Clifford Chance, R3 and the Singapore Academy of Law, have published a joint white paper on the private international law aspects of smart derivatives contracts utilizing distributed ledger technology.
To mark the release of the paper, ISDA hosted a panel discussion with Scott O’Malia (CEO, ISDA), Ciarán McGonagle (Assistant General Counsel, ISDA), Caroline Dawson (Partner, Clifford Chance) and Jason Rozovsky (Assistant General Counsel, R3). The panel discussed the specific private international law issues raised in the white paper when trading derivatives in a DLT environment and the recommendations on how these issues might be clarified or resolved. The panel also highlighted two different examples of derivatives transactions, both of which use ISDA documentation and which are implemented on Corda, an open-source blockchain and smart contract platform developed by R3.
You can access this paper and ISDA’s other smart contracts papers here.
Latest
ISDA Response on Common Carbon Data Model
On August 12, ISDA responded to a consultation from the Climate Data Steering Committee (CDSC) on a Common Carbon Credit Data Model. ISDA members believe the Group-of-20 carbon data model initiative is a positive step in addressing data gaps and...
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 The associations welcome publication of the draft guidance, which provides...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...