International Swap Dealers Association

International Swap Dealers Association (ISDA)

Formed in 1985 to promote uniform practices in the writing, trading, and settlement of swaps and other derivatives.
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That agent, known as a counterparty or calculating agent, is almost always a member of the International Swap Dealers Association, and, even if it weren't, is expected to abide by the association's rules.
2) Swaps and other over-the-counter derivatives require special legal documents or International Swap Dealers Association agreements to be in place.
In a July 24, 1991 speech to the International Swap Dealers Association, delivered shortly after the Senate passed Title III, CFTC Chairman Wendy Gramm stated that the swaps exemption was "not intend|ed~ to affect the swaps market as it exists today.

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