ISDA recently undertook a survey to better understand if and how the 1998 FX and Currency Option Definitions (“FX Definitions”) and related documentation might be improved and updated, taking into account developments and events in the FX market (e.g., currencies becoming non-deliverable) and the general evolution of FX trading since 1998. A variety of market participants submitted thoughtful responses to the survey and additional market participants (including buyside) provided feedback to ISDA separately. The survey remains available here.
Based on survey responses, ISDA has developed a strategy for updating the FX Definitions between 2024 and 2027. This strategy is available on this page.
Members who would like to stay updated on this initiative can join the ISDA FX Definitions Update Group.
Documents (1) for Strategy for Updating the FX Definitions
Latest
Scott O’Malia Opening Remarks
ISDA Derivatives Trading and Treasury Forum London, September 30, 2026 Opening Remarks Scott O’Malia ISDA Chief Executive Good morning, and welcome to the ISDA Derivatives Trading and Treasury Forum. Thanks for joining us today, and a big thank you...
US Treasury Repo Clearing Indicators August 2026
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Pursuing Efficiencies of Tokenization
As we mark the 10-year anniversary of the ISDA Standard Initial Margin Model (ISDA SIMM), which was launched in September 2016 to coincide with the first phase of initial margin (IM) requirements for non-cleared derivatives, we’ve been reflecting on its...
2026 ISDA Canada Conference Opening Remarks
2026 ISDA Canada Conference Toronto, September 24, 2026 Opening Remarks Katherine Tew Darras ISDA General Counsel Good morning and welcome to the 2026 ISDA Canada Conference. Thank you for joining us today and thanks to our sponsor, Osler, Hoskin...