FAQs on 2022 ISDA Verified Carbon Credit Transactions Definitions

[Updated November 20, 2025]

ISDA has produced the attached FAQs document in order to provide additional information on the use of the 2022 ISDA Verified Carbon Credit Transaction Definitions. It may be updated from time to time.

This version of the FAQs includes updates related to Version 3 of the 2022 ISDA VCC Definitions (published in November 2025).

For any questions, members can email ISDA’s legal department at isdalegal@isda.org

Documents (1) for FAQs on 2022 ISDA Verified Carbon Credit Transactions Definitions

Response to BoE on Clearing Exemption for PTRR

On March 11, ISDA submitted a response to the Bank of England’s consultation on a proposed approach to exempting post-trade risk reduction (PTRR) transactions from the derivatives clearing obligation under Article 4 of the European Market Infrastructure Regulation (EMIR). ISDA...

IQ Interview with David Bailey

The Bank of England’s Prudential Regulation Authority recently finalized its Basel 3.1 framework for implementation at the start of 2027. David Bailey, executive director for prudential policy, talks to IQ about the importance of global consistency and the need to...

LSEG's TradeAgent Integrates ISDA DRR

ISDA has announced that LSEG has integrated ISDA’s Digital Regulatory Reporting (DRR) solution into its Post Trade Solutions business, TradeAgent, representing a significant milestone in the industry deployment of the ISDA DRR. The ISDA DRR converts an industry-agreed interpretation of...

Global FX Derivatives Market Overview

Global FX derivatives average daily turnover reached $6.6 trillion in April 2025, roughly double its level in April 2013. While FX swaps remain the largest segment in absolute terms, recent growth has been driven by outright forwards and FX options,...