Implementation of the 2021 ISDA Interest Rate Derivatives Definitions

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.

ISDA Response to EC on Environmental Legislation

On September 10, ISDA, the Association for Financial Markets in Europe (AFME) and the European Fund and Asset Management Association (EFAMA) submitted a joint response to the European Commission’s (EC) call for evidence on reducing the administrative burden in environmental...

Credit Derivatives Trading Activity Q2 2025

This report analyzes credit derivatives trading activity reported in Europe. The analysis shows European credit derivatives transactions based on the location of reporting venues (EU versus UK) and product type. The report also compares European-reported credit derivatives trading activity to...

Recognition of Cross-product Netting is Critical

US regulators are in the process of making important changes to the regulatory capital framework by proposing modifications to the enhanced supplementary leverage ratio, which should help stop it from acting as a non-risk-sensitive constraint on bank capacity – a...