ISDA Adds FX Definitions to MyLibrary
Posted by Colin Lambert. Last updated: May 9, 2022
The International Swaps and Derivatives Association (ISDA) has added its flagship FX definitions and related annexes, supplements and templates to the ISDA MyLibrary electronic documentation platform, a move it says creates significant efficiencies in how firms access and navigate these documents.
The new additions include ISDA’s 1998 FX and Currency Option Definitions and 15 other related documents. They join the 2021 ISDA Interest Rate Derivatives Definitions, the 2002 ISDA Master Agreement, and the 2022 ISDA Securities Financing Transactions Definitions and SFT Schedule Provisions, which are already on the platform.
MyLibrary allows users to access comparison tools and view the prevailing version of the document as of any date and compare different versions in blackline as they are published, trhey are also able to navigate through the documents via index links and perform complex searches based on words, phrases or categories across all documents on the platform. Embedded links within the text allow users to view definitions of terms via pop-up boxes, while links to external resources provide access to useful materials, including video explainers. Users can also bookmark documents and topics, and the list of bookmarks will be preserved for each user. Firms can also save collections of documents, parts of documents or different versions of the same document for future reference.
“This marks another important step in the effort to digitise our new and legacy documents, making it much more efficient for firms to use them,” says Scott O’Malia, ISDA chief executive. “The platform allows users to easily navigate the documents, compare different versions with marked-up changes, and search for key terms without having to trawl through pages and pages of paper. Digitising our documentation is a big priority for ISDA as we look to create efficiencies and cut costs for our members, which is why it’s a key focus for this year’s AGM.”