What is the International Swaps and Derivatives Association (ISDA)?
The International Swaps and Derivatives Association (ISDA) is a global trade organization that was established in 1985. It aims to foster safe and efficient derivative markets, thereby contributing to the stability of the financial system. The ISDA primarily focuses on standardizing the documentation for over-the-counter (OTC) derivatives, promoting risk management practices, and advocating for regulatory policies that support market development.