In response to the closure of certain markets and systems in the Philippines, ISDA has drafted guidance regarding the impact of such closures on certain over-the-counter derivative transactions.
Such guidance can be found below.
Please note the guidance may be updated from time to time.
ISDA is continuously monitoring how COVID-19 impacts its members. Developments, including information on market closures and electronic execution, can be found here.
Documents (3) for ISDA Guidance: Philippines Market Closures
- ISDA Philipines Market Closures Guidance 1998 FX Definitions 18032020(pdf) will open in a new tab or window
- ISDA Philippines Market Closures Guidance Equity Definitions 18032020(pdf) will open in a new tab or window
- ISDA Philippines Market Closures Guidance 2006 Definitions 18032020(pdf) will open in a new tab or window
Latest
ISDA Comments: OSC Call for Feedback
On June 26, 2026, ISDA submitted comments to the Ontario Securities Commission’s (OSC) consultation on facilitating access to its regulatory framework and reducing burden for capital markets participants by publishing a machine-readable dataset of regulatory instruments. The comments are supportive...
ISDA Comments on EP's MISP Draft Reports
On July 15, ISDA shared comments with policymakers in the European Union on the European Parliament’s (EP) draft reports by Member of the European Parliament (MEP) Markus Ferber and MEP Eero Heinäluoma on the Market Integration and Supervision Package (MISP)....
Building Markets, Creating Opportunity
Deep and liquid derivatives markets are fundamental to the development of well-functioning financial markets and healthy economies. They support lending, investment and financial stability, creating the certainty needed for economic growth. But strong derivatives markets do not emerge by chance....
Key Trends in OTC Derivatives Market H2 2025
The latest data from the Bank for International Settlements over-the-counter (OTC) derivatives statistics shows an increase in notional outstanding of OTC derivatives during the second half of 2025 compared to the same period in 2024. Notional outstanding rose across all...