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

Remove Bureaucracy from Cross-margin Approvals

Cross-margining programs play a critical role in financial markets. By ensuring margin requirements more closely reflect the actual risk of a portfolio of products, they reduce liquidity strain and improve market efficiency, both of which will become even more important...

Joint Response on CCP Resolution

On September 7, ISDA and FIA responded to a Bank of England (BOE) discussion paper on central counterparty (CCP) resolution. The associations support greater clarity on valuation capabilities prior to a crisis scenario and the boundary between recovery and resolution,...