ISDA Elevates Katherine Tew Darras to General Council

The International Swaps Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Read this Term and Derivatives Association, Inc. (ISDA) has promoted Katherine Tew Darras as its newest General Counsel, following a lengthy tenure with the group, according to a recent ISDA statement.

ISDA focuses on the global derivatives marketplace and industry, boasting over 850 member institutions from 67 countries. More specifically, the group engages in Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term practices and processes, whilst working constructively with policymakers and legislators around the world to help advance and engender understanding and treatment of derivatives as a risk management tool.

Ms. Tew Darras steps into her role with immediate effect, and will be tasked with spearheading ISDA’s efforts to foster a host of new legal standards, documentation and opinions, whilst supporting globally cleared and non-cleared derivatives businesses. As General Council, she will also help pioneer a variety of initiatives to help advance compliance measures with new emphasis on derivatives regulations.

Ms. Tew Darras originally joined ISDA back in November 2001 as its Assistant General Counsel – this subsequently paved the way for an appointment as the General Counsel for the Americas in 2008.

According to Scott O’Malia, ISDA’s Chief Executive, in a recent statement on the appointment: “Katherine has been with ISDA for the past 15 years and knows the organization inside and out, and I am counting on her to provide sound legal advice as General Counsel, just as she has throughout her time at ISDA. We are delighted she will continue to provide critical leadership to this organization during an important period of market change.”

“New regulations and evolving market structures are changing the dynamics of the derivatives market, while new technology is altering how the derivatives business in run. It’s vital that ISDA continues to evolve its documentation and standards, and the means of delivering this material, to keep pace with these changes,” reiterated Ms. Tew Darras.