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

ISDA AGM Studio: Jacques Vigner, BNP Paribas

Jacques Vigner, ISDA board member and chief strategic oversight officer for global markets at BNP Paribas, speaks with Mark Gheerbrant, global head of risk and capital at ISDA, on the key obstacles to a consistent, risk-appropriate capital framework and how to...

ISDA AGM Studio: Future Leaders in Derivatives

Following publication of the latest whitepaper from the ISDA Future Leaders in Derivatives (IFLD) program, Collateral and Liquidity Efficiency in the Derivatives Market: Navigating Risk in a Fragile Ecosystem, Joel Clark talks to IFLD participants Koen Ottenheijm, senior treasury and...