The International Swaps and Derivatives Association (ISDA) is the global trade association representing participants in the privately negotiated derivatives industry. To standardize documentation for derivatives transactions, the ISDA drafted the ISDA Master Agreement, which covers operational and legal requirements for a wide range of derivative transactions. Generally, the agreement is governed by either English or New York State law. Standard documentation to a derivative transaction includes a Master Agreement and a Confirmation, which incorporates the definition and economic terms of the transaction.

For more specific information on the local derivatives markets, please refer to market home pages.