Legal English Dictionary
International Swaps and Derivatives Association
(ISDA) adverba trade organization of participants in the market for over-the-counter derivatives (=privately negotiated and traded directly between two parties, without going through an exchange or other intermediary), headquartered in New YorkThe International Swaps and Derivatives Association will announce today that outstanding contracts now total $62 trillion, up from $34.5 trillion a year ago.
