ISDA, the International Swaps and Derivatives Association, is a trade body that produces standard documentation and definitions for over-the-counter derivatives markets.
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- ISDA was founded in 1985 and is best known for the ISDA Master Agreement, a standard contract framework that governs bilateral derivatives transactions and addresses netting, collateral, and default.
- The association also publishes definitions and protocols that standardise market practice, and it has examined how derivatives documentation applies to digital assets and smart contracts.