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International Swaps and Derivatives Association

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International Swaps and Derivatives Association
A professional organization for traders in swaps and other derivatives. It serves as a lobbying group for the profession with the United States government, and sets uniform practices for members. Importantly, it writes and periodically updates the ISDA Master Agreement, which is a standardized contract for OTC derivatives. It maintains its headquarters in New York City.


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The letter was signed by US banks Bank of America-Merrill Lynch, Citigroup, Goldman Sachs, JP Morgan Chase, Morgan Stanley and Wachovia and the New York-based derivatives industry group, the International Swaps and Derivatives Association, Inc.
Sommers, who recently served as policy director and head of government affairs at the International Swaps and Derivatives Association, would serve out the remainder of a five-year term ending in April 2009.
A third lease involved the International Swaps and Derivatives Association Inc.
 
 
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