International Swaps and Derivatives Association

International Swaps and Derivatives Association
Company type	Trade association
Founded	1985
Headquarters	New York City
Website	www.isda.org

The International Swaps and Derivatives Association (ISDA /ˈɪzdə/) is a trade organization of participants in the market for over-the-counter derivatives.

It is headquartered in New York City, and has created a standardized contract (the ISDA Master Agreement) to enter into derivatives transactions. In addition to legal and policy activities, ISDA manages FpML (Financial products Markup Language), an XML message standard for the OTC Derivatives industry. ISDA has more than 925 members in 75 countries; its membership consists of derivatives dealers, service providers and end users.^[1]

^ ISDAa (6 August 2012). "ISDA Primary Members" (PDF). International Swaps and Derivatives Association. p. 9. Retrieved 9 August 2013. The list of 196 primary members include Glencore International AG, BP Plc, Koch Supply & Trading, LP, Citadel Securities LLC, Citigroup, Credit Suisse, Daewoo Securities Co., Ltd. investment banks such as Deutsche Bank AG, J.P. Morgan Chase & Co., Barclays Capital, Bank of America Merrill Lynch, BNP Paribas, Citigroup, Credit Suisse, The Royal Bank of Scotland plc (RBS Greenwich?) and UBS AG.

[ISDAmembers9aug2012-1] ISDAa (6 August 2012). "ISDA Primary Members" (PDF). International Swaps and Derivatives Association. p. 9. Retrieved 9 August 2013. The list of 196 primary members include Glencore International AG, BP Plc, Koch Supply & Trading, LP, Citadel Securities LLC, Citigroup, Credit Suisse, Daewoo Securities Co., Ltd. investment banks such as Deutsche Bank AG, J.P. Morgan Chase & Co., Barclays Capital, Bank of America Merrill Lynch, BNP Paribas, Citigroup, Credit Suisse, The Royal Bank of Scotland plc (RBS Greenwich?) and UBS AG.

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