On December 15, 2015, ISDA and GFMA sent a letter to the European Commission highlighting two major concerns related to the mandated use of ISINs for OTC derivatives. The first one relates to the applicability of ISIN for derivatives and derivatives processing as a product identifier. The second relates to competition issues that will be created by a mandated adoption of ISIN.
Documents (1) for Joint ISDA/GFMA letter regarding the mandated use of ISIN for product identification under MIFID II/MIFIR
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ISDA In Review – August 2026
A compendium of links to new documents, research papers, press releases and comment letters published by ISDA in August 2026.
Remove Bureaucracy from Cross-margin Approvals
Cross-margining programs play a critical role in financial markets. By ensuring margin requirements more closely reflect the actual risk of a portfolio of products, they reduce liquidity strain and improve market efficiency, both of which will become even more important...
Joint Response on CCP Resolution
On September 7, ISDA and FIA responded to a Bank of England (BOE) discussion paper on central counterparty (CCP) resolution. The associations support greater clarity on valuation capabilities prior to a crisis scenario and the boundary between recovery and resolution,...
Expanding Legal Agreement Coverage in the CDM
This paper examines the recent extension of the Common Domain Model (CDM)1 to represent two of the most significant, and previously undeveloped, areas of its legal agreement model: umbrella agreements and contract amendments. Umbrella agreements are widely used to document...