The growth of the over-the-counter derivative market – now totalling $285 trillion – has prompted a number of developments. A new set of ISDA Definitions reflects market developments and consolidates the various Supplements into one document, consolidating the structure and adding currencies. Definitions introduce or update provisions to help parties easily document transactions such as swaption straddles, mark-to-market currency swaps, and arrears-setting transactions and incorporate ISDA-published matrices to reduce the administrative burden.