Strategy for Updating the FX Definitions

ISDA recently undertook a survey to better understand if and how the 1998 FX and Currency Option Definitions (“FX Definitions”) and related documentation might be improved and updated, taking into account developments and events in the FX market (e.g., currencies becoming non-deliverable) and the general evolution of FX trading since 1998. A variety of market participants submitted thoughtful responses to the survey and additional market participants (including buyside) provided feedback to ISDA separately. The survey remains available here.

Based on survey responses, ISDA has developed a strategy for updating the FX Definitions between 2024 and 2027.  This strategy is available on this page.

Members who would like to stay updated on this initiative can join the ISDA FX Definitions Update Group.

ISDA AGM Studio: Heath Tarbert

Heath Tarbert, president of Circle, speaks with ISDA CEO Scott O’Malia about the primary applications of stablecoins in derivatives markets and how key legal considerations – including bankruptcy treatment and settlement finality – are being addressed as digital assets become...

ISDA AGM Studio: Yuval Rooz

Yuval Rooz, co-founder and CEO of Digital Asset, speaks with ISDA CEO Scott O’Malia about the growing momentum behind tokenization, the most compelling use cases for derivatives markets and the remaining hurdles that need to be addressed to enable widespread...