This section of the ISDA website is a hub for links to key information and ISDA’s work regarding Equity Derivatives – including documentation, market structure, public policy, research, market practices, guidance notes and educational materials.

ISDA’s Equity Derivatives working groups:
ISDA conducts work on Equity Derivatives issues though a variety of working groups; however, there are four specific working groups focused on this asset class:

• ISDA Equity Steering Committee
• ISDA Equity Swap Group
• ISDA APAC Equity Market Infrastructure Group
• ISDA Equity Market Infrastructure Group

To request to join an ISDA working group: (1) Create an account on the ISDA website; and (2) After you create an account, log in and go to the Committees section to view your ISDA Committee Dashboard. You can request to join and leave working groups and distribution lists.

Links to key Equity Derivatives infrastructures/documentation:

• 2002 ISDA Equity Derivatives Definitions
• 2011 ISDA Equity Derivatives Definitions
• ISDA Bookstore section on Definitional Booklets/Master Confirmation Agreements
• Market Closure InfoHub

News on current Equity Derivatives initiatives:

• Equity Swap Protocol – ISDA has launched the Equity Swap Protocol on October 30, 2023 to facilitate amendment of relevant Equity Swap documentation to reference the 2021 Definitions, replacing the 2006 Definitions. More information can be found at the following webpage ISDA 2023 Equity Swap – 2021 Definitions Protocol and by joining the ISDA Equity Market Infrastructure Group.
• T+1 Settlement Cycle – ISDA, SIFMA and CCMA have published the T+1 Settlement Cycle Booklet to provide information on the settlement cycle reduction of securities in North America that took place on May 27-28, 2024. Discussions on potential transitions to T+1 in other markets are held in the ISDA Equity Market Infrastructure Group.
• Equity Definitions Enhancement – ISDA has launched an initiative to allow additions and improvements to be made to the 2002 ISDA Equity Derivatives Definitions. Version 1.0 of the 2002 ISDA Equity Derivatives Definitions (Versionable Edition) has been published in MyLibrary on January 15, 2024, allowing the new booklet to be updated over time with items prioritised and agreed with members of the ISDA Equity Groups. More information can be found at this webpage and by joining the ISDA Equity Market Infrastructure Group.

If you have any questions or would like additional information in relation to these matters, please email: marketinfrastructureandtechnology@isda.org.