The 2022 ISDA Securities Financing Transactions Definitions: Current and Future Use Cases

On February 28, 2022, ISDA published the 2022 ISDA Securities Financing Transactions Definitions and related documents. The new documentation allows firms to enter into derivatives and SFTs under a single ISDA Master Agreement. The publication followed an ISDA October 2020 whitepaper that detailed a proposal to standardize documentation across repos and stock loans (securities financing transactions (SFTs)) and derivatives.

This paper provides a brief overview of the SFT Definitions and the SFT Schedule Provisions, describes the use cases currently identified for these documents, and highlights some possible future developments. ISDA believes there is potential for further alignment between SFTs and derivatives that could be introduced as market demand warrants, including streamlining jurisdictional and market-practice differences to create greater efficiency in documenting and maintaining SFTs and derivatives.

Documents (1) for The 2022 ISDA Securities Financing Transactions Definitions: Current and Future Use Cases

Response on Commodity Derivatives Markets

On April 22, ISDA and FIA submitted a joint response to the European Commission’s (EC) consultation on the functioning of commodity derivatives markets and certain aspects relating to spot energy markets. In addition to questions on position management, reporting and...

Episode 50: The Value of Derivatives

A new report from ISDA shows that companies all over the world use derivatives to alleviate uncertainty, transfer risk and enhance profitability. ISDA discusses the findings with Boston Consulting Group’s Roy Choudhury. Please view this page via Chrome to access...