The International Swaps and Derivatives Association, Inc. (ISDA) has today announced that Kinetix Trading Solutions and Linklaters have been selected to develop a user platform that will allow market participants to access ISDA documentation in electronic form with enhanced navigation and other features.
Kinetix, a financial technology company specializing in artificial-intelligence-driven trade management and compliance software, and Linklaters >Nakhoda were selected following a request for quotation issued in June 2020 for the development of a user-friendly, state-of-the-art platform that will enable industry participants to more easily navigate and use ISDA’s documentation.
The first documents for delivery through this new platform will be the forthcoming 2021 ISDA Interest Rate Derivatives Definitions and the ISDA 2002 Master Agreement. Other documentation will be available in electronic form via the platform over time, in line with ISDA’s strategy to facilitate greater automation and efficiency in derivatives markets.
The new 2021 ISDA Interest Rate Derivatives Definitions are due for launch later this year. By publishing them via the user platform, instead of in traditional paper and PDF form, this will be ISDA’s first natively digital definitional booklet. This will enable ISDA to amend and restate the definitions in full each time they are updated, avoiding the need for parties to manually assemble the definitional booklet plus various supplements in order to determine the terms of each trade at the time of execution. Users will also be able to quickly and easily compare different versions of the definitions as they evolve over time, use hyperlinked terms within the text to move to other parts of the document, and download or print.
Last month, ISDA announced that ISDA and Linklaters >Nakhoda have made the ISDA Master Agreement digitally available for the first time via ISDA Create, an online documentation negotiation tool. Making the Master Agreement available in electronic form on the user platform is an important complementary step to that initiative.
The documentation user platform is scheduled for launch in the second quarter of 2021.
For Press Queries, Please Contact:
Nick Sawyer, ISDA London, +44 20 3808 9740, nsawyer@isda.org
Lauren Dobbs, ISDA New York, +1 212 901 6019, ldobbs@isda.org
Joel Clark, ISDA London, +44 20 3808 9760, jclark@isda.org
Christopher Faimali, ISDA London, +44 20 3808 9736, cfaimali@isda.org
Nikki Lu, ISDA Hong Kong, +852 2200 5901, nlu@isda.org
Documents (1) for ISDA Selects Kinetix and Linklaters to Develop Documentation User Platform
Latest
ISDA Responds to AMLA on AMLR
On May 7, ISDA responded to the Anti-Money Laundering Authority’s (AMLA) consultation on draft regulatory technical standards (RTS) on customer due diligence under the Anti-Money Laundering Regulation (AMLR). In the response, ISDA endorsed the Association for Financial Markets in Europe’s...
Episode 57: Clarity on Crypto
As the Clarity Act works its way through Congress, US regulators are evolving their approach to digital assets. Securities and Exchange Commission commissioner Hester Peirce joins The Swap to talk about crypto regulation, Treasury clearing and artificial intelligence. Please view...
ISDA AGM Studio: Darcy Bradbury & Tyler Wellensiek
Darcy Bradbury, ISDA board member and managing director at D. E. Shaw, and Tyler Wellensiek, managing director and global head of market structure at BlackRock, speaks with Chris Young, ISDA’s head of US public policy, about how the post‑crisis regulatory...
Response to ESMA Guarantees
On April 30, ISDA responded to the European Securities and Markets Authority (ESMA) consultation paper on guarantees as central counterparty (CCP) collateral and certain aspects of CCP investment policy. ISDA broadly supports ESMA’s proposed draft regulatory technical standards (RTS) to...