ISDA definitions


Published by a UUÂãÁÄÖ±²¥ Banking & Finance expert
Practice notes
In-house

ISDA definitions


Published by a UUÂãÁÄÖ±²¥ Banking & Finance expert

Practice notes
In-house
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The vast majority of derivative transactions are documented by standard documentation developed and published by the International Swaps and Derivatives Association, Inc. (ISDA).

The key ISDA document which sets out the commercial terms of a particular trade are set out in a confirmation. For more information, see ISDA confirmations. A confirmation may incorporate certain defined terms by reference to booklets published by ISDA which are known as the ISDA definitions. Various ISDA definitions booklets have been published and are to be selected for incorporation into a confirmation depending on the type of derivative transaction involved.

This Practice Note explains:

  1. •

    how the ISDA definitions fit into the ISDA documentation framework

  2. •

    the purpose of ISDA definitions

  3. •

    the key ISDA definitions, and

  4. •

    key points to consider when incorporating ISDA definitions into trade documentation

ISDA definitions and the ISDA documentation framework

ISDA documentation framework

The ISDA documentation framework for derivatives involves layers of documentation. The key layers of documentation for a trade under the ISDA documentation framework are:

  1. •

    master agreement—the key forms of master agreement are:

    1. â—¦

      1992

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Jurisdiction(s):
United Kingdom
Key definition:
ISDA definition
What does ISDA mean?

International Swaps and derivatives Association—the international trade association for privately negotiated derivative contracts.

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ISDA definitions

ISDA definitionsThe vast majority of derivative transactions are documented by standard documentation developed and published by the International Swaps and Derivatives Association, Inc. (ISDA).The key ISDA document which sets out the commercial terms of a particular trade are set out in a