Equity Derivatives

Useful documentation, relevant matrices, best practice statements, FAQs, memorandums and other useful material pertaining to the equity derivative industry.

For an archive of Equity Derivatives Market Practice Statements, please click here.

PLEASE NOTE:  ISDA does not maintain an exhaustive list of market events.  The events listed below are only those where ISDA has held market discussions and where general consensus was reached as to treatment of a particular event.  Absence of a particular event from the list should not be taken as an indication that the particular day or event is or is not a Disrupted Day,  Market Disruption Event or Pricing Disruption Event. 

As with all market information and guidance that ISDA disseminates, parties are free to choose alternate means of addressing the event. Each market participant remains responsible for considering its own documentation and the specific terms of its own trades and forming its own conclusion on the proper interpretation of events.


DateTitle / DescriptionDocuments
September 9, 2008
LSE Disruption Consensus
ISDA Equity Committee and Equity Operations Working Group
LSE-disruption-consensus.pdf
September 9, 2008
Fannie/Freddie Equity Events
Summary of the discussion that took place on Tuesday, September 9 among market participants on the characterization under the 2002 ISDA Equity Derivatives Definitions of the announcement to place Freddie Mac and Fannie Mae into conservatorship. Members discussed the applicability of the "Nationalization", "Insolvency" and "Insolvency Filing" definitions.
Fannie-Freddie-Equity-Note.pdf
May 27, 2008
Index Matrix
The index matrix is maintained by the ISDA Equity Operations Working Group and summarizes key confirmation fields for the indices listed
Index-Product-Matrix.pdf
March 3, 2008
Equity Derivatives Market Practice Issues
Updated as of March 2008
EquityDerivativesMPIssues.pdf
January 2, 2007
U.S. Exchange Closings on January 2, 2007 for mourning President Gerald Ford
The International Swaps and Derivatives Association, Inc. (ISDA) announces the following guidance for parties to over-the-counter derivative transactions that are affected by the closing of U.S. exchanges on Tuesday, January 2, 2007, in observance of a national day of mourning for former U.S. President Gerald Ford.
Jan2 2007 Market-Closing-Guidance.pdf
June 28, 2005
Prioritising among outstanding confirmation or payment breaks
market discussion
Prioritising-062805.pdf
June 11, 2004
U.S. Exchange and Market Closings on June 11, 2004 for mourning President Ronald Reagan
ISDA guidance for parties to over-the-counter derivative transactions that are affected by the closing of U.S. exchanges and bond markets on Friday, June 11, 2004 in observance of a national day of mourning for former U.S. President Ronald Reagan.
StatementFINALJune112004.pdf
October 28, 2003
Documenting Exercise of Option Transactions
Best Practice Statement
BPDocOptionsExercise.doc
October 28, 2003
Telephone Confirming Trade Details
Best Practice Statement
BPTelephoneConfirmingTrades.doc
April 3, 2003
ISDA Statement on Consent Requirement for Transfer of Transactions
ISDA Statement on Consent Requirement for Transfer of Transactions
isdastatement.pdf