ISDA has published the sixth in a series of legal guidelines for smart derivatives contracts, intended to support technology developers, lawyers and other key stakeholders in the development of smart derivatives contracts and other technology solutions in the credit derivatives (CDS) market. These guidelines:
- Provide high level background on the CDS market;
- Identify opportunities for the potential application of smart contract technology to CDS;
- Highlight important issues for technology developers to consider when designing technology-enabled solutions for trading and processing CDS and associated processes.
While the intention of this paper is not to specify or recommend any particular approach or to address any particular technological application or project, these guidelines do suggest steps that should be taken to ensure the design and implementation of new technology solutions are consistent with existing legal and regulatory standards. These guidelines also highlight areas where further industry collaboration will be required to identify existing areas of legal and regulatory uncertainty and to develop solutions.
Click on the attached PDF to read the paper.
You can access all of ISDA’s papers on smart contracts here.
Documents (1) for Legal Guidelines for Smart Derivatives Contracts: Credit Derivatives
Latest
Updated OTC Derivatives Compliance Calendar
ISDA has updated its global calendar of compliance deadlines and regulatory dates for the over-the-counter (OTC) derivatives space.
A Welcome Extension on US Treasury Clearing
Yesterday, the US Securities and Exchange Commission (SEC) announced it would delay the implementation of mandatory clearing for US Treasury securities by one year. That means eligible cash transactions will now need to be cleared by December 31, 2026, with...
ISDA and FIA Response on Pre-Hedging
On February 21, ISDA and FIA responded to the International Organization of Securities Commissions (IOSCO)’s consultation report on pre-hedging. In the response, the associations highlight that an appropriate, consistent and well-understood framework for pre-hedging is important for safe and efficient...
Treasury Clearing: Scott O'Malia Welcoming Remarks
ISDA Treasury Clearing Panel Frankfurt February 25, 2025 Welcoming Remarks Scott O’Malia ISDA Chief Executive Officer Good afternoon and welcome to this ISDA panel on US Treasury clearing. Thanks for joining us today for what I’m sure will be...