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

Global Trading in INR Derivatives

Global trading in derivatives involving the Indian rupee (INR) has expanded significantly over the past decade, reflecting the currency’s growing role in international hedging and trading activity. According to the Bank for International Settlements (BIS) Triennial Central Bank Survey, the...

Response to FCA on Commodity Derivatives Clearing

On April 9, ISDA, the Commodity Markets Council Europe (CMCE), Energy Traders Europe (ETE) and FIA jointly responded to Chapter 7 of the UK Financial Conduct Authority’s (FCA) Quarterly Consultation CP26/8 on increasing the clearing threshold for commodity derivatives under the UK...

Response on EC’s SFR Proposal

On April 9, ISDA published technical comments on the European Commission’s (EC) proposed Settlement Finality Regulation (SFR) as it applies to designated EU systems and registered third-country systems. One significant concern is that the scope of insolvency protections provided to...