International Swaps and Derivatives Association (ISDA)

The International Swaps and Derivatives Association (ISDA) is a global trade organization that develops standard agreements, contracts, and practices for the derivatives market, which includes financial instruments like swaps, options, and futures. Its goal is to promote transparency, efficiency, and stability in the trading of these complex financial products. By providing standardized documentation and protocols, ISDA helps financial institutions manage risk and facilitate smoother transactions across international markets, ensuring that parties have clear, legally sound agreements to reduce uncertainties and disagreements.