ISDA will this year publish a replacement for its flagship interest rate definitions booklet. The new 2021 ISDA Interest Rate Derivatives Definitions will consolidate over 70 supplements from the 2006 ISDA Definitions into a newly minted main book, as well as making changes so the definitions better reflect the characteristics of modern interest rate derivatives markets. In anticipation of its final publication and October 4 implementation date, ISDA’s Senior Counsel for Europe, Rick Sandilands, spoke with MarkitSERV’s Guy Gurden, FpML’s Brian Lynn and ISDA’s Jonathan Martin on how the definitions will be implemented and what steps market participants should take as they switch from the 2006 to the 2021 Definitions.
Please note that as at the date of recording, the 2021 Definitions were still going through the final stages of working group review. The information provided in this video is therefore subject to change. For the latest information on the topics discussed, please refer to the ISDA website at www.isda.org or contact your local ISDA representative.
Latest
Response to EC Call for Evidence on Tax Omnibus
On March 30, ISDA, the International Securities Lending Association and the Association for Financial Markets in Europe responded to the European Commission’s (EC) call for evidence on the tax omnibus. The associations argue that inconsistent interpretation of “beneficial ownership” among...
Managing Risk for Australian Superannuation Funds
Assets managed by the Australian superannuation sector reached A$4.5 trillion in December 2025, equivalent to around 160% of Australia’s GDP. Given its size, the sector has rapidly expanded its global footprint, with the share of offshore investments growing as a...
Updated OTC Derivatives Compliance Calendar
ISDA has updated its global calendar of compliance deadlines and regulatory dates for the over-the-counter (OTC) derivatives space.
Next Steps on a Much Improved Basel III Endgame
Publication of the revised Basel III endgame proposal earlier this month marks an important step towards completion of the global capital reforms, giving banks much-needed clarity on the likely calibration of the rules in the US. The new proposal is...