ISDA has been involved in several recent initiatives aimed at improving market infrastructure and practices:
1. ISDA SIMM: The ISDA Standard Initial Margin Model (SIMM) is a standardized approach for calculating initial margin for non-centrally cleared derivatives. It helps reduce the margin disputes and enhances transparency. 2. Benchmark Reform: ISDA is actively involved in benchmark reform efforts, including the transition from LIBOR to alternative risk-free rates (RFRs). It has developed fallback provisions to ensure a smooth transition. 3. Digitalization: ISDA is exploring the use of digital technologies, such as smart contracts and distributed ledger technology (DLT), to improve the efficiency and transparency of derivative transactions.