On 10 February 2020, the International Swaps and Derivatives Association (ISDA) published the fourth in a series of legal guidelines for smart derivatives contracts. The ISDA Legal Guidelines for Smart Derivatives Contracts – Equities (2020):

  • provide an overview of equity derivatives transactions and different product types;
  • explain how equity derivatives transactions are documented under both the 2002 and 2011 ISDA Equity Definitions; and
  • explore how smart derivatives contracts might be constructed and delivered within the framework created by the 2011 ISDA Equity Definitions.