The purpose of this group is to identify opportunities for further standardization and digitization of legal documentation and to support the development of technology-enabled contract delivery solutions and common legal agreement data standards. This Working Group will collaborate with the ISDA Smart Contracts/ DLT Legal Group in working to build the legal foundation upon which new technologies such as DLT and smart contracts can be developed and adopted for use in the derivatives industry.

Working group for discussion on margin practices and procyclicality. This WG has been set up to develop a response to the CPMI/IOSCO consultation on margin practices and will be used for follow-up consultations on the same or similar topics.

The purpose of the North America Accounting Working Group (NAAWG) is to create a forum for preparers of financial statements to meet and discuss technical accounting matters and practice issues under standards created or discussed by the Financial Accounting Standards Board (FASB) along with the Securities and Exchange Commission (SEC) and other relevant standard-setting and regulatory bodies such as the International Accounting Standards Board (IASB). The NAAWG provides a forum for members to exchange and develop views on a wide range of derivatives topics including: netting and offsetting, cleared and non-cleared derivatives, IBOR reform, OIS discounting, hedge accounting, disclosure practices, fair value measurement, control and valuation matters.

The Malaysia Distribution List addresses topical issues of importance to ISDA members active in this jurisdiction, such as submissions on proposed new laws and regulations.

Group looking at rescaling/rebasing events and material changes to indices and their impact on inflation swaps.

The ISDA Islamic Finance Law Distribution List has been set up to discuss documentation as well as legal and regulatory issues affecting trading in OTC derivatives transactions with counterparties in Islamic jurisdictions.

The objective of the Workstream is to produce a new version of the ISDA Interest Rate Definitions reflecting market developments including (i) changes to cash settlement mechanics for OET, MET and Swaptions, (ii) updates to the floating rate options and (iii) other miscellaneous improvements. The Workstream will also seek to leverage technological solutions for implementation and adoption of the updated definitions.

The Interest Rates Steering Committee (IRSC) is one of ISDA’s Product Steering Groups comprised of both dealers and buy-side firms with representation from senior business leads at each institution. The IRSC is the governing body which meets to discuss issues affecting the business and practice of interest rate derivatives trading. This group is responsible for providing business leadership on the evolution of the asset class and ensuring appropriate levels of product standardisation are achieved; working with operational groups to coordinate the collective industry infrastructure initiatives to meet regulatory and business requirements and providing asset class expertise for ISDA’s advocacy agenda.

The Japan Documentation Committee is responsible for the development and updating of ISDA Master Agreement and its supporting documents, and works to ensure the enforceability of the netting provisions of the Agreement.

Industry working group dedicated to compliance and implementation issues related to reporting in Japan. The group determines and coordinates solutions through industry discussions and regulatory advocacy.