International Swaps And Derivatives Association (ISDA)

The proposed European Financial Transaction Tax (FTT) will make central clearing of over-the-counter derivatives prohibitively expensive, according to TJ Lim, global head of markets for Italy's UniCredit.

Tullett Prebon's chief executive Terry Smith wrote a letter to the International Swaps and Derivatives Association (ISDA) back in 2010 to question the rate setting process, but was ignored.

A tax proposal released by the US House of Representatives would require investors to determine the fair market value of their derivatives holdings once a year and pay tax on any gains at ordinary income rates.

The International Swaps and Derivatives Association is playing a more active role in the debate on the impact of speculation on global commodity prices, setting up a new website designed to dispel what it sees as myths about the impact of investor activity....

Derivatives market participants are trying to solve a problem that could prevent the clearing of credit default swaps (CDSs) on the Markit iTraxx Europe index – one of two index families the Commodity Futures Trading Commission (CFTC) plans to include...

ICAP, the interdealer brokers, and Rapid Ratings, a rater or alternatives, are jointly launching a rating service covering the credit derivatives market.

Dealers have warned that buy-side firms should not leave it until the last minute to start negotiating over-the-counter clearing agreements, because of the risk they may have to adopt standard contracts with no flexibility to make amendments.

Incoming transparency rules could shrink over-the-counter derivatives trade sizes, as market participants try to avoid revealing their positions, according to an industry panel at the International Swaps and Derivatives Association's European conference....

The publication of a standard legal contract for over-the-counter derivatives clearing in Europe will be delayed by up to three months, dealers say.