On 14 December 2021, the ISDA published a paper ‘Contractual Standards for Digital Asset Derivatives’.

The paper:

• Identifies novel technology and market-driven events that could disrupt the operation of a digital asset derivatives transaction and provides a framework for dealing with these events.
• Explores how digital assets (and the derivatives that reference them) can be valued and what happens when a valuation cannot be obtained.
• Analyzes how digital assets might interact with the existing ISDA documentation architecture, including the ISDA Master Agreement and industry standard collateral documentation.