User’s Guide to the 2005 Commodity Definitions

The User’s Guide to the 2005 ISDA Commodity Definitions is designed to assist in the understanding and use of the 2005 ISDA Commodity Definitions. This publication provides an overview of the structure of and highlights key features in the 2005 ISDA Commodity Definitions that mark changes from the 1993 ISDA Commodity Definitions, the 2000 Supplement to the 1993 Definitions and the 1997 ISDA Bullion Definitions. The User’s Guide also contains a discussion of the Commodity Reference Price Framework (with examples) and provides a schematic presentation of the operation of the Disruption Fallback waterfall.

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