Credit Derivatives / Credit Default Swaps

This section catalogues ISDA’s work across the credit derivatives space:  documentation, public policy, market structure, market practices, research and other areas.

Key links

Definitions, Matrices and ISDA Library page

Credit Derivatives Initiatives

 

Links to documentation, matrices, best practice statements, guidance notes, FAQs, memorandums and other useful material pertaining to the Credit Derivatives on the Market Infrastructure and Technology page:

As with all market information and guidance that ISDA disseminates, parties are free to choose alternate means of addressing the event. Each market participant remains responsible for considering its own documentation and the specific terms of its own trades and forming its own conclusion on the proper interpretation of events.

Episode 60: Modelling Margin

The ISDA Standard Initial Margin Model has proved to be one of the most consequential industry models ever developed. The Swap talks with two industry veterans involved in its development. Please view this page via Chrome to access the recording.

ISDA Wins Digital Solution of the Year Award

ISDA has won Digital Solution of the Year at the GlobalCapital Global Derivatives Awards 2026 for the ISDA Digital Regulatory Reporting (DRR) initiative and the ISDA Notices Hub. The award recognizes ISDA’s continued work to develop mutualized digital solutions that...

ISDA Launches Digital Emissions Definitions

ISDA has launched a natively digital version of its documentation for emissions allowance transactions, enabling the framework to be updated more efficiently as emissions trading systems (ETSs) evolve. The 2026 ISDA Emissions Transactions Definitions provide standardized documentation for physically settled...