ISDA has published the seventh in a series of legal guidelines for smart derivatives contracts, intended to support technology developers, lawyers and other key stakeholders in the development of smart derivatives contracts and other technology solutions in the foreign exchange (FX) market. These guidelines:
- Provide high level background on the FX market;
- Identify opportunities for the potential application of smart contract technology to FX;
- Highlight important issues for technology developers to consider when designing technology-enabled solutions for trading and processing FX and associated processes.
While the intention of this paper is not to specify or recommend any particular approach or to address any particular technological application or project, these guidelines seek to ensure that the design and implementation of new technology solutions are consistent with existing legal and regulatory standards. These guidelines also highlight areas where further industry collaboration will be required to identify existing areas of legal and regulatory uncertainty and to develop solutions.
Click on the attached PDF to read the paper.
You can access all of ISDA’s papers on smart contracts here.
Documents (1) for Legal Guidelines for Smart Derivatives Contracts: Foreign Exchange (FX) Derivatives
Latest
ISDA AGM Studio: Antonio Corbi and Fabio Fabiani, EY
Fabio Fabiani, partner at EY, speaks with Antonio Corbi, head of accounting and tax services at ISDA, on the International Accounting Standards Board’s dynamic risk management proposal and the application of the Common Domain Model to automate reporting and compliance.
ISDA AGM Studio: Sarah Breeden, Bank of England
Sarah Breeden, deputy governor for financial stability at the Bank of England, speaks to ISDA CEO Scott O’Malia about some of the headwinds facing financial markets in 2025, and how policymakers can address perceived vulnerabilities in non-bank financial intermediation.
ISDA AGM Studio: Tom Jasper and Eric Litvack
ISDA's 40th anniversary was a key theme of this year's Annual General Meeting. To mark this milestone, Nick Sawyer, ISDA's global head of communications, talked to Tom Jasper, managing partner at Manursing Partners, who established and led the interest rate...
ISDA AGM Studio: Roy Choudhury and Ido de Geus
Roy Choudhury, managing director and senior partner at Boston Consulting Group, and Ido de Geus, head of fixed income at PGGM Investments, talk to Nick Sawyer, ISDA’s global head of communications, about the uses and value of over-the-counter derivatives.