On April 28, 2025, ISDA published a new version of Sub-Annex A to the 2005 ISDA Commodity Definitions (Sub-Annex A).
Sub-Annex A contains a list of Commodity Reference Prices (CRPs) and related terms that parties can reference in over-the-counter derivatives contracts. The CRPs contained in Sub-Annex A cover the following asset classes:
- Agricultural Products;
- Energy;
- Freight;
- Metals;
- Paper;
- Composite Commodity Indices.
Version 1 of Sub-Annex A reflects the original version of Sub-Annex A, as published with the 2005 ISDA Commodity Definitions on June 30, 2005.
Version 2 of Sub-Annex A reflects the original version of Sub-Annex A as if it were amended and restated to incorporate the terms of the supplement to Sub-Annex A published on May 12, 2006. Parties are encouraged to take note of the acknowledgement pop-up when navigating to version 2 of Sub-Annex A, which is provided for information purposes.
Version 3 of Sub-Annex A was published on August 7, 2023, with updates to CRPs in the Agricultural Products section.
Version 4 of Sub-Annex A was published on April 28, 2025, with updates to certain Natural Gas CRPs in the Energy section.
The versions of Sub-Annex A described above have been published in digital format on ISDA’s MyLibrary platform.
Latest
ISDA Launches Pre-adherence Period for Notices Hub
ISDA has begun a pre-adherence process for the ISDA Notices Hub, enabling firms to sign up to a free protocol that will allow them to use the new platform when it launches on July 15. Under the ISDA Master Agreement,...
ISDA SIMM EU Regulatory Approval Requirements
ISDA published ISDA SIMM version 2.7+2412 on May 22 – the first recalibration under the new semiannual cycle. The release triggered a new requirement for EU counterparties to apply for regulatory authorization to use the model – a submission that...
Creating Value - IQ June 2025
Ever since its establishment 40 years ago, ISDA has worked to enhance the safety and efficiency of derivatives markets. That has motivated everything we do – from the development of standard documentation and the rollout of new digital solutions to...
Paper on EC’s Sustainability Omnibus Proposal
On June 9, ISDA published a position paper setting out its views on the European Commission’s (EC) Sustainability Omnibus Package. In the paper, ISDA urges European authorities to: Ensure a proportionate, harmonized and symmetrical approach to the use of derivatives...