International Swaps and Derivatives Association

The International Swaps and Derivatives Association (ISDA) is a trade organization of participants in the market for over-the-counter derivatives.It is headquartered in New York, and has created a standardized contract (the ISDA Master Agreement) to enter into derivatives transactions. In addition to legal and policy activities, ISDA manages FpML (Financial products Markup Language), an XML message standard for the OTC Derivatives industry….