ISDA Guidance – Delayed CPI-U Due to Government Shutdown

On November 7, 2025, ISDA published guidance addressing the potential delay in the release of the U.S. Consumer Price Index for All Urban Consumers (CPI-U) resulting from the current U.S. government shutdown. The guidance provides clarification on how such delays may affect the calculation and settlement of inflation-linked derivatives referencing the CPI-U.

The document outlines ISDA’s recommended approach to determining fallback procedures and valuation timelines during periods when official CPI-U data is unavailable. This publication is intended to assist market participants in maintaining consistency and minimizing disruption to contractual performance.

Documents (1) for ISDA Guidance – Delayed CPI-U Due to Government Shutdown

Response on CCP Participation Requirements

On December 24, ISDA responded to a consultation from the European Securities and Markets Authority (ESMA) on central counterparty (CCP) participation requirements. Participation requirements for CCPs are vital for safe and efficient clearing markets, and ISDA broadly supports ESMA’s consultation...