ISDA Using Digital Asset Clearing And DLT Technical Advances And International Legal Issues

The International Swaps and Derivatives Association, Inc. (“ISDA”), by way of introduction, is a trade organization created by participating parties in the negotiated derivatives market. The ISDA has over 925 member institutions from 75 countries. The members comprise derivatives market participants, including corporations, investment managers, government and supranational entities, insurance companies, energy and commodities firms, and international and regional banks. The ISDA functions to promote safer and more efficient derivatives markets by developing standards like the ISDA Master Agreement and a wide range of related documentation. Wisely, ISDA has embraced trending blockchain and Distributed Ledger Technology (“DLT”).