In the interests of more transparent decision-making, and improving the interface between interested parties (such as regulators1, vendors and other infrastructure providers), in late 2009 ISDA published a governance structure for the OTC derivatives industry’s market practice and post trade activities. This document outlines that industry governance structure, and reflects the results of extensive consultations with many constituents of the industry. As the evolution of the market dictates, ISDA will work with members and constituents to revise and update the governance model, and will publish new versions of this governance document as appropriate. This document should be read in conjunction with the accompanying organizational charts.