The International Swaps and Derivatives Association, Inc. (ISDA) today announced the launch of its Online Library's new functionality, OL Plus.
Along with the standardized general and product specific risk disclosures that ISDA has been developing, ISDA's OL Plus assists swap dealers' compliance with certain US Commodity Futures Trading Commission's (CFTC) External Business Conduct Rules disclosure and fair dealing in communications requirements.
OL Plus enables swap dealers efficient and effective access to ISDA Definitional Booklets and other ISDA documentation that they may wish to provide to clients. Subscribers to OL Plus will be able to download ISDA publications and make available to clients either directly by email or by posting on swap dealer client portal.
"The January 1 compliance deadline for CFTC External Business Conduct Rules is approaching," said Katherine Darras, ISDA General Counsel, Americas. "ISDA OL Plus is the quickest, easiest and most cost-effective way for swap dealers to obtain and access all relevant documents published by the Association and provide them to their clients."
OL Plus is available exclusively to ISDA members who are current subscribers to the Online Library of Interactive ISDA Documentation. The Online Library of Interactive ISDA Documentation contains all key documents published by the Association, including Master Agreements, User's Guides, Credit Support Documentation and ISDA Definitions.