1. Asset Classes
  2. Equity
  3. ISDA Equity Swap Protocol – 2021 Definitions

ISDA Equity Swap Protocol – 2021 Definitions

Asset Classes
Equity May 31, 2023
< 1  min.read

At the request of members of the ISDA Equity Working Groups, ISDA has launched the 2023 ISDA Equity Swap Protocol (the “Protocol”) on October 30, 2023, allowing adhering parties to incorporate the 2021 ISDA Interest Rate Derivatives Definitions (the “2021 Definitions”) to relevant Equity Swap documentation.

Parties can adhere to the Protocol by visiting the ISDA website.

Attached to this page is the following material, which may be updated from time to time:

  1. The ISDA 2023 Equity Swap – 2021 Definitions Protocol text, published on October 2, 2023;
  2. The ISDA 2023 Equity Swap – 2021 Definitions Protocol FAQs,
  3. An FAQs document on this initiative;
  4. An ISDA letter that dealer institutions can provide to their clients as part of the outreach process;
  5. The Protocol adherence instructions document.

The Protocol effective date occurred on March 18, 2024, and parties are able to continue to adhere to the Protocol after this date.

For any questions, members can email ISDA Derivative Products and Infrastructure (ISDADerivativeProductsandInfrastructure@isda.org).

Tags:

, , ,

Documents (5) for ISDA Equity Swap Protocol – 2021 Definitions

Latest

10 Years of the ISDA SIMM

As the derivatives industry prepared for the September 2016 implementation of initial margin requirements for non-cleared derivatives, one challenge stood out: counterparties needed to agree on the amount of initial margin to be exchanged. But if each firm developed its...

Expanding the Universe of Eligible VM

ISDA conducted a series of interviews with buy- and sell-side firms to understand the drivers of a growing use of non-cash assets as variation margin (VM) for non-cleared over-the-counter (OTC) derivatives and the barriers that remain to expanding the use...

ISDA Response on Hedge Accounting Guidance

On August 14, ISDA responded to an exposure draft from the Financial Accounting Standards Board (FASB). ISDA broadly supports the FASB’s proposed targeted improvements to hedge accounting, including allowing interest rate hedging of held-to-maturity (HTM) debt securities, recognizing all Secured...