The ISDA Japan ESG Working Group provides a forum for industry participants to discuss regulatory, legal and documentation issues of ESG-related derivatives products in Japan.

The Japan Regulatory Distribution List discusses the proposed or necessary changes to the laws and regulations affecting the Japanese members and/or the local derivatives market. The Committee also covers the international and local issues as to tax & accounting.

The goals of Collateral Committee are to enhance the use of collateralization as a credit risk protection tool, to resolve unique problems in collateral management that may occur only in Japanese derivatives business, and to establish guidelines for collateral management in Japan.

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.

The Japan OTC Derivatives Regulations Working Group discusses legal, regulatory and practical issues including central counterparties that became mandatory under the FIEA. The working group’s aim is to promote the development of OTC derivatives market in Japan through successful implementation of CCPs. Please be advised that this working group is conducted in Japanese.

The Indonesia opinion review group consists mainly of legal professionals. The ISDA Indonesia opinion review group provides a forum for industry participants to discuss Netting enforceability and Bank Resolution in Indonesia.