ISDA

Last Updated: Jun 7, 2019

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The International Swaps and Derivatives Association. An organization for those who participate in the market of over-the-counter derivatives. They have worked to make the global derivatives markets safer and more efficient. Their work since 1985 has helped develop the ISDA Master Agreement for OTC derivatives transactions internationally. This agreement is used as a tool by most banking institutions and must be signed before entering into a derivative transaction.