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.

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