Energy, Commodities, Developing Products

This section catalogues ISDA’s work across the energy, commodities and developing products space:  documentation, public policy, market structure, market practices, research and other areas.

Click here to visit an archive of ECDPC documents from March 2011 and earlier.

Also, see the Infrastructure Management page on Commodity Derivatives.

Statements and Guidance Notes

  • Explanatory Statement and bilateral Amendment Agreement for SILVER-FIX Discontinuance.

    Explanatory statement and Bilateral form of Amendment Agreement for Certain silver transactions affected by the London Silver Market Fixing Limited's discontinuation of the London Silver Fix. Published July 29, 2014
     
  • ISDA ICE LOW SULPHUR GASOIL BEST PRACTICE STATEMENT
    This statement of best practice is in the interest of promoting orderly valuation and settlement of positions by market participants with respect to the determination made by IntercontinentalExchange ("ICE") in its 29 April 2014 circular (14/030) regarding the existing ICE Gasoil Futures Contract with 1,000ppm sulphur content (code: G) (the "ICE G Contract") and the existing ICE Low Sulphur Gasoil Futures Contract with 10ppm sulphur content (code: ULS) (the "ICE ULS Contract").

    In the ICE circular, ICE determined to (i) change the specifications for the ICE G Contract to 10ppm with respect to February 2015 and later contract months and, simultaneous with such specification change, change the name of the ICE G Contract from the "ICE Gasoil Futures Contract" (code: G) to the "ICE Low Sulphur Gasoil Futures Contract" (code: G); and (ii) discontinue the ICE ULS Contract with respect to February 2015 and later contract months. ICE determined that these changes will take effect immediately after the close of business on 30 May 2014 (the "Effective Date").
  • Platts Best Practice Statement
    This statement of best practice in the interest of promoting orderly valuation and settlement with respect to Platts proposed change to their Dated Brent assessment. December 20, 2011
  • Platts Best Practice Statement
    Best Practices Statement for Certain OTC derivatives transactions affected by Platt's discontinuation of specific Gasoil and Fuel Oil quotes. Also, and the point-to-point differentials.  Published December 18, 2009
  • Argus Best Practices
    Best Practices Statement for Certain OTC derivatives transactions affected by Argus' discontinuation of specific Gasoline barge assessments. Published December 7, 2009
  • Platts Best Practices Statement Methodology
    Published June 10, 2009
  • Best Practices Statement for Platts Quote Discontinuance
    Best Practices Statement for Certain OTC derivatives transactions affected by Platt's discontinuation of specific Diesel quotes. Published January 28, 2009

Commodities Documentation Matrix

  • ISDA Commodities Documentation Matrix
    This Matrix provides members with a summary of various Commodities documentation (both published and in draft form) by product and region. July 30, 2010.

Commodities Definitions

  • 2005 ISDA Commodity Definitions and User's Guide to the 2005 ISDA Commodity Definitions
    The Definitions revise, update and expand upon the 1993 ISDA Commodity Derivatives Definitions, the 2000 Supplement to the 1993 Definitions and incorporates the 1997 ISDA Bullion Definitions. Published June 30, 2005
  • Amendment Agreement and Side Letter
    For parties who agree to substitute references in a Schedule or Confirmation to the 1993 ISDA Commodity Derivatives Definitions, the 2000 ISDA Supplement and the 1997 ISDA Bullion Definitions with a reference to the 2005 ISDA Commodity Definitions. Published June 23, 2005

Coal

Emissions - US

Emissions - EU

Gas

Oil