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Join ISDA

The Association's more than 815 member institutions from 60 countries are classified into three categories according to the guidelines contained in the Association's by-laws. These categories are primary (dealer firms), associate (service providers) and subscriber (end-users). Only ISDA members are entitled to receive the Association's legal opinions on the enforceability of the netting provisions of the 1992 and 2002 ISDA Master Agreements, which enable institutions to reduce credit risk and consequently capital requirements in jurisdictions subject to BIS capital regulations. ISDA has obtained netting opinions for over 55 jurisdictions. Each year, ISDA commissions additional netting opinions for its members. In addition, ISDA obtains collateral opinions for its members. At present, ISDA has obtained over 45 collateral opinions and these opinions are updated annually for members.

  •  Primary Members

    An investment, merchant or commercial bank or other corporation, partnership or other business organization that deals in derivatives as part of its business.

  •  Associate Members

    Designed for service providers (for example, brokers, law firms, accounting firms, consulting firms, exchanges and software providers) who are active in the privately negotiated derivatives business.

  •  Subscriber Members

    For corporations, financial institutions and government entities and others who use privately negotiated derivatives to better manage financial risks.

  •  List of ISDA Members