ISDA (International Swaps and Derivatives Association)

The International Swaps and Derivatives Association (ISDA) is a global organization that focuses on the derivatives market, which includes financial contracts like swaps and options used for risk management and investment. ISDA creates standardized agreements, known as ISDA Master Agreements, that help ensure consistency and clarity in these complex financial instruments. By providing a framework for transactions, ISDA promotes stability and efficiency in the financial markets, helping to reduce risks and conflicts between parties involved in derivatives trading. Additionally, it engages in advocacy and education to enhance understanding of derivatives and their impact on the economy.