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Clifford Chance

Clifford Chance

Briefings

2011 ISDA Equity Derivatives Definitions

15 July 2011

The publication of the Main Book of the 2011 ISDA Equity Derivatives Definitions (the 2011 Definitions) by the International Swaps and Derivatives Association, Inc. (ISDA) represents an important milestone in an ongoing project aimed at increasing the level of standardisation in documenting certain types of equity derivatives. For an asset class with a particularly broad range of variables at both product and geographic levels, the task of updating the 2002 ISDA Equity Derivatives Definitions (the 2002 Definitions) has seen ISDA adopt a new structure and approach to facilitate enhanced transparency and electronic confirmation of transactions– whilst at the same time amending many substantive provisions and maintaining flexibility to allow for product innovation.

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