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, 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 for a derivatives 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 individual market home pages.