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      Question

      Consider the following with reference to the

      International Swaps and Derivatives Association (ISDA). 1) The ISDA is a trade association for the over-the-counter (OTC) derivatives industry. 2) The ISDA is based in London and was established in 1985. 3) It's a government association which helps to improve the market for privately negotiated over-the-counter (OTC) derivatives by identifying and reducing risks in that market. Which of the statements given above is/are correct?
      A 1 and 2 only Correct Answer Incorrect Answer
      B 2 and 3 only Correct Answer Incorrect Answer
      C 3 and 4 only Correct Answer Incorrect Answer
      D 1, 2, 3 and 4 Correct Answer Incorrect Answer
      E 1, 2 and 3 Correct Answer Incorrect Answer

      Solution

      The International Swaps and Derivatives Association (ISDA) is a trade association for over-the-counter (OTC) derivatives. The International Swaps and Derivatives Association (ISDA) is a private trade organization whose members, mainly banks, transact in the OTC derivatives market.  This association helps to improve the market for privately negotiated over-the-counter (OTC) derivatives by identifying and reducing risks in that market.

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