The International Swaps and Derivatives Association (ISDA) has launched the ISDA Notices Hub and the ISDA 2025 Notices Hub Protocol to speed up and standardise the delivery and receipt of time-critical notices under the ISDA Master Agreement, aiming to reduce uncertainty and losses linked to delayed or failed deliveries. The ISDA Notices Hub is a secure online platform provided by S&P Global Market Intelligence that supports the delivery and receipt of termination notices and waivers and maintains centrally updated address details for physical delivery. It also supports exchanging waivers, including for net asset threshold events, and sends automatic notifications to designated recipients who can access the platform remotely. The ISDA 2025 Notices Hub Protocol provides a mechanism for adhering firms to update documentation with other adhering parties to permit use of the platform and requires address details to be updated across agreements via a single entry to create an up-to-date ‘golden source’. At launch, 79 entities across North America, Europe and Asia-Pacific had adhered, spanning dealers, asset managers, pension funds and insurers; the protocol is free for all participants, with the platform free for buy-side firms and discounted for dealers for the first two years.

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