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ISDA 2009 COLLATERAL DISPUTE RESOLUTION PROCEDURE
A standard industry set of procedures for dealing with disputed over-the-counter (OTC) derivative collateral calls, published by the ISDA Collateral Committee in 2009.
ISDA DETERMINATIONS COMMITTEES (ISDA DCS)
Regional committees established by ISDA for the purposes
of making determinations on credit derivative transactions
that have incorporated, or are deemed to incorporate, the
Big Bang Protocol or Small Bang Protocol. The ISDA DC will mainly determine whether a succession event has occurred and identify the successor entity/entities, whether a credit event has occurred, if an auction is to be held and whether a particular obligation of the defaulted reference entity is deliverable.
ISDA MASTER AGREEMENT
A market standard agreement, published by ISDA, to facilitate the trading of over-the-counter (OTC) derivatives between
two parties. There are two commonly used versions of the ISDA Master Agreement—the 1992 and 2002 versions. Each
is supplemented by a schedule which contains bespoke credit, legal and operational terms negotiated between the parties. The ISDA Master Agreement, including the schedule and the individual transactions executed pursuant to the terms of the ISDA Master Agreement (as evidenced by trade confirmations), are deemed to form part of the same indivisible contract (referred to as the single agreement concept).
ISDA PHYSICAL SETTLEMENT MATRIX
Parties to a physically settled credit default swap may incorporate the terms contained in a matrix published by ISDA which sets out the standard market terms for different transaction types (by reference to the reference entity type).
ISDA PRODUCT TAXONOMY
A system to classify over-the-counter (OTC) derivatives by the International Swaps and Derivatives Association (ISDA). For this purpose, derivative contracts are categorised into predefined categories based on asset class (equities, FX, etc.), product type (option, swap, etc.) and other factors depending on asset class and product type. The ISDA
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