/ɪntərˈnæʃənl swɑps ænd dɪˈrɪvətɪvz əˈsoʊsiˈeɪʃən/ – Phrase
Definition: Tổ chức Hợp đồng Trao đổi Quốc tế (ISDA) – tổ chức chuyên về hợp đồng trao đổi và tài sản phái sinh.
A more thorough explanation: a trade organization of participants in the market for over-the-counter derivatives (=privately negotiated and traded directly between two parties, without going through an exchange or other intermediary), headquartered in New York
Example: The International Swaps and Derivatives Association will announce today that outstanding contracts now total $62 trillion, up from $34. 5 trillion a year ago.